Tag: #RealEstateRegulation

MahaRERA suggests that builders self-declare the quality of their projects.

May 14, 2024

MUMBAI: Real estate developers are expected to submit an annual self-declaration of the quality assurance of their projects to the Maharashtra Real Estate Regulatory Authority (MahaRERA). This self-declaration will be based on a number of factors, including structural design, stability, testing, input material quality, workmanship quality, and other important considerations. The action is intended to […]

MahaRERA suggests that builders self-declare the quality of their projects.more

Builders who witness clients failing to make timely payments must register complaints: Chairman of Delhi-RERA

April 16, 2024

NEW DELHI: If clients fail to pay the full amount owed on residential or commercial buildings they have purchased, builders should lodge complaints with the relevant regulatory bodies, in Delhi said Anand Kumar, chairman of RERA. The chairman of Delhi’s Real Estate Regulatory Authority, Kumar, warned real estate developers not to fall into the “trap […]

Builders who witness clients failing to make timely payments must register complaints: Chairman of Delhi-RERAmore

The action taken by MahaRERA over non-compliance leads to a rise in quarterly project updates.

January 4, 2024

Even before the regulator issues a warning, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has noticed a rise in the number of projects adhering to the necessary requirement of Quarterly Progress Reports (QPR). More than 222 projects, or 46.25% of the 480 projects registered in April 2023, have been prompted by the regulator’s rigorous action […]

The action taken by MahaRERA over non-compliance leads to a rise in quarterly project updates.more

Just 18% of MahaRERA recovery warrant orders have been completed.

December 24, 2023

PUNE: According to the most recent data available from the Maharashtra Real Estate Regulatory Authority (MahaRERA), for the last six years, the 13 district collectorates in the state have only executed 204 recovery warrant complaints out of a total of 1,123 complaints. Out of Rs 736.66 crore, just 18% of the cases have been resolved, […]

Just 18% of MahaRERA recovery warrant orders have been completed.more

Builders must have project accounting audited by UP-RERA within six months of the conclusion of the fiscal year.

December 14, 2023

NEW DELHI: Within six months of the conclusion of the fiscal year, the promoter must have the project accounts audited and upload the audited balance sheet to the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) website. The project’s financial records will be examined by an authorized panel auditor if there are significant inconsistencies or complaints. […]

Builders must have project accounting audited by UP-RERA within six months of the conclusion of the fiscal year.more