Tag: #RealEstateNews

MahaRERA Mandates Prominent Display of Project Registration Details in Housing Ads

April 12, 2025

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced a significant directive requiring all developers to clearly and prominently display their project registration details in housing advertisements. This move comes in response to increasing concerns raised by homebuyers regarding the lack of transparency and incomplete disclosure of project information. According to a circular issued […]

MahaRERA Mandates Prominent Display of Project Registration Details in Housing Adsmore

Gujarat RERA Stops Bank from Taking Over Allottees’ Properties

April 3, 2025

Ahmedabad: The Gujarat Real Estate Regulatory Authority (GujRERA) has issued a directive preventing a nationalized bank from seizing properties belonging to allottees in a case involving a builder’s loan default. The authority emphasized that homebuyers have legal rights over the properties and instructed the bank to release any properties it had already taken possession of […]

Gujarat RERA Stops Bank from Taking Over Allottees’ Propertiesmore

Odisha RERA Penalizes Builder for Failing to Provide Adequate Parking Space for Homebuyer

March 26, 2025

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has imposed a fine of ₹62 lakh on a city-based developer for failing to provide sufficient car parking space to a homebuyer in a real estate project located in Shankarpur. Officials confirmed that this marks the first instance of ORERA levying a fine specifically for inadequate parking […]

Odisha RERA Penalizes Builder for Failing to Provide Adequate Parking Space for Homebuyermore

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

Telangana RERA Penalizes TMR Marvel Developers with ₹19.8 Lakh Fine for Unfulfilled Promised Amenities

March 10, 2025

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has taken strict action against the developers of the TMR Marvel villa project in Macha Bolarum, near Alwal, by imposing a penalty of ₹19.8 lakh. The fine was levied on T Madhusudhan Reddy and Sree Ram Reddy for their failure to provide the amenities promised to […]

Telangana RERA Penalizes TMR Marvel Developers with ₹19.8 Lakh Fine for Unfulfilled Promised Amenitiesmore

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

Over 8,000 Complaints Pending Resolution at Maharashtra RERA

February 18, 2025

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA), established to address real estate consumer grievances, is now under scrutiny as homebuyers struggle to get relief. With over 8,000 complaints pending and delays in executing orders—such as recovery warrants by revenue authorities—experts argue that MahaRERA lacks enforcement power and needs to take stronger action. Consider the […]

Over 8,000 Complaints Pending Resolution at Maharashtra RERAmore

MHADA to Complete Structural Audit of 1,000 Cessed Buildings in Mumbai by March 2025

February 14, 2025

The Maharashtra Housing and Area Development Authority (MHADA) is set to conduct a structural audit of 1,000 cessed buildings in Mumbai by March 2025 as part of the Maharashtra government’s 100-day action plan. MHADA Vice President and CEO, Sanjeev Jaiswal, has directed officials to expedite the process to ensure the audit is completed on time. […]

MHADA to Complete Structural Audit of 1,000 Cessed Buildings in Mumbai by March 2025more

Telangana RERA penalizes builder for project delay, directs payment of interest to buyer until flat handover.

February 13, 2025

HYDERABAD: The Telangana State Real Estate Regulatory Development Authority (RERA) has ruled that a builder must compensate a homebuyer with interest for the delay in handing over his flat, ensuring that the complainant is financially reimbursed for the prolonged wait. The case was brought forward by Kollepara Veera Venkata Satya Vara Prasad, who purchased a […]

Telangana RERA penalizes builder for project delay, directs payment of interest to buyer until flat handover.more

Builders Cannot Deduct More Than 10% of Base Price in Case of Cancellation by Homebuyers: Supreme Court

February 5, 2025

NEW DELHI: In a landmark decision, the Supreme Court has ruled that real estate developers cannot enforce one-sided agreements that unfairly favor them, particularly in cases where homebuyers seek to cancel their bookings. The court made it clear that developers cannot deduct unreasonable amounts upon cancellation and that forfeiture should not exceed 10% of the […]

Builders Cannot Deduct More Than 10% of Base Price in Case of Cancellation by Homebuyers: Supreme Courtmore

Tag: #RealEstateNews

Sign Up for our Free Newsletter