Tag: #Homebuyers

Gujarat RERA Recognizes Existing Property Owners as Allottees

March 19, 2025

In a landmark ruling, the Gujarat Real Estate Regulatory Authority (GujRERA) has granted existing society members in redevelopment projects the dual status of allottee and co-promoter, marking a significant expansion of regulatory protection. The decision came in response to a complaint, where GujRERA directed the developer to complete the sale deed registration while affirming the […]

Gujarat RERA Recognizes Existing Property Owners as Allotteesmore

Funding delays impede structural checks in 20 Gurugram housing complexes.

March 9, 2025

GURUGRAM: Structural audits in 20 residential societies have come to a standstill as builders and resident welfare associations (RWAs) continue to delay the deposit of necessary funds. Despite repeated notices from the Department of Town and Country Planning (DTCP) for over a year, no progress has been made, leaving the crucial structural safety assessments in […]

Funding delays impede structural checks in 20 Gurugram housing complexes.more

Karnataka RERA Struggles to Recover Rs 666 Crore from Builders

February 28, 2025

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera), set up to safeguard homebuyer interests, has failed to recover Rs 666 crore — or 88% — of the Rs 758 crore it had ordered builders to pay their customers under the head of refund for incomplete/delayed projects, among other things. As on Dec 31, 2024, K-Rera […]

Karnataka RERA Struggles to Recover Rs 666 Crore from Buildersmore

Maharashtra RERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projects

January 13, 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has intensified its crackdown on real estate developers responsible for stalled or lapsed projects by freezing the bank accounts of over 1,950 such ventures. This decisive action is aimed at enforcing accountability among developers while protecting the interests of homebuyers who have been impacted by delayed or incomplete […]

Maharashtra RERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projectsmore

UP RERA’s Remarkable Recovery: ₹674 Crore Recovered Under Sanjay Bhoosreddy’s Leadership

January 6, 2025

LUCKNOW: Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has achieved a significant milestone by recovering ₹674 crore from promoters and developers over the past 17 months. This impressive feat coincides with the tenure of Sanjay Bhoosreddy, a 1989 batch IAS officer, who assumed the office of chairman during this period. Before Bhoosreddy’s leadership, the […]

UP RERA’s Remarkable Recovery: ₹674 Crore Recovered Under Sanjay Bhoosreddy’s Leadershipmore

NCLAT Designates NBCC as PMC to Complete 16 Supertech Projects

December 13, 2024

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) in New Delhi has designated NBCC (India) as the Project Management Consultant (PMC) for the completion of 16 Supertech projects. These projects encompass approximately 49,748 housing units spread across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The estimated construction cost for completing these projects stands at approximately […]

NCLAT Designates NBCC as PMC to Complete 16 Supertech Projectsmore

Mumbai Property Registrations Surge by 22% in October 2024 boosted by High-Value Transactions in festive season

November 8, 2024

Mumbai’s property market witnessed a robust surge in registrations in October 2024, with a 22% year-on-year increase to 12,960 units, driven by heightened demand during the festive season, as reported by Knight Frank India. The data highlights the impact of the Dussehra and Diwali celebrations on the city’s real estate activity, particularly in the municipal […]

Mumbai Property Registrations Surge by 22% in October 2024 boosted by High-Value Transactions in festive seasonmore

Supreme Universal launches the second phase of Supreme Villagio in Somatane, Pune

The overall projected revenue of the project are INR ₹500 Crore Introducing an inventory of 70 new villas in the second phase Mumbai, 06 November 2024 – Supreme Universal, a prominent name in Mumbai and Pune’s real estate landscape, is proud to announce the launch of the second phase of its luxury villa township, Supreme Villagio, […]

Supreme Universal launches the second phase of Supreme Villagio in Somatane, Punemore

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.

August 28, 2024

NEW DELHI: The Forum for People’s Collective Efforts (FPCE), an association representing homebuyers, has raised concerns over the Maharashtra Real Estate Regulatory Authority’s (MahaRERA) recent decision to establish and participate in a conciliation forum aimed at resolving disputes between builders and customers. FPCE argues that this move may overstep the authority’s legal powers and potentially […]

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.more

RERA in States and UTs Dispose of Nearly 1.25 Lakh Consumer Complaints

July 26, 2024

NEW DELHI: According to the Economic Survey 2023-24, real estate regulators in various states and Union Territories have resolved nearly 1.25 lakh consumer complaints against developers. The Real Estate (Regulation & Development) Act, 2016, commonly referred to as RERA, was enacted to bring significant reforms to India’s real estate sector. The primary aim of RERA […]

RERA in States and UTs Dispose of Nearly 1.25 Lakh Consumer Complaintsmore

Tag: #Homebuyers

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