Tag: #RealEstateCompliance

In an effort to increase developer compliance, Maharashtra RERA has updated its requirements for self-regulating organizations. Real Estate

January 3, 2025

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has updated the eligibility criteria for forming Self-Regulatory Organizations (SROs), a move aimed at bolstering compliance among real estate developers. The revision reduces the minimum project threshold for SRO formation from 500 to 200 projects in areas outside the Mumbai Metropolitan Region (MMR). This change seeks to […]

In an effort to increase developer compliance, Maharashtra RERA has updated its requirements for self-regulating organizations. Real Estatemore

Nearly 77% of Ghaziabad’s UP-RERA-issued certificates were recovered.

December 29, 2024

GHAZIABAD: Approximately 77% of recovery certificates (RCs) issued by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) to defaulting developers in Ghaziabad have been successfully recovered. This achievement marks the city as having the lowest pendency rate for realizing recovery certificates in the state. Data from the Board of Revenue reveals that Ghaziabad has a […]

Nearly 77% of Ghaziabad’s UP-RERA-issued certificates were recovered.more

Gujarat RERA Introduces New Banking Rules for Developers.

December 24, 2024

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has unveiled a set of new banking regulations, which will take effect starting January 1, 2025. These updated rules mandate that developers maintain three distinct bank accounts for each project, a move aimed at enhancing transparency in financial transactions within the real estate sector. Under the revised […]

Gujarat RERA Introduces New Banking Rules for Developers.more

Haryana RERA mandates builders to file annual reports within 30 days

November 29, 2024

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has issued a firm directive to real estate promoters, requiring them to submit annual reports for their under-construction projects within 30 days. This directive follows the regulator’s observation of widespread non-compliance by promoters, raising serious concerns about transparency and accountability within the real estate sector. During a […]

Haryana RERA mandates builders to file annual reports within 30 daysmore

UP-RERA Refers 250 Possession-Related Cases to Adjudicating Officers’ Courts.

August 12, 2024

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has escalated 250 cases concerning the possession of properties to the courts of adjudicating officers stationed at the Lucknow headquarters and the Gautam Budh Nagar office. Of these, approximately 130 cases have been directed to the adjudicating officer at the Lucknow office, while about 120 […]

UP-RERA Refers 250 Possession-Related Cases to Adjudicating Officers’ Courts.more

UP-RERA Directs Authorities to Halt Issuance of Temporary Occupancy Certificates

July 13, 2024

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has instructed competent authorities to cease issuing temporary completion certificates (C.C.) or occupancy certificates (O.C.), as these are not permissible under current laws. In addition, UP-RERA has mandated that all industrial and housing development authorities must specify the names of the relevant towers or blocks […]

UP-RERA Directs Authorities to Halt Issuance of Temporary Occupancy Certificatesmore

20,000 real estate agents’ registrations are suspended by MahaRERA.

May 24, 2024

MUMBAI: Only 13,000 real estate brokers remain in the state of Maharashtra after the real estate authority in the state announced on Thursday that it has suspended the registration of 20,000 brokers. The regulator, which started registering middlemen for real estate transactions in 2017, has 47,000 agents registered in total.13,785 agents had their registrations canceled […]

20,000 real estate agents’ registrations are suspended by MahaRERA.more