Tag: #RERA

Maharashtra RERA Rules in Place to Protect Homebuyers from May 1

RERA: A group of residents cannot file a complaint against a builder without registration.

November 16, 2019

The Gujarat Real Estate Appellate Tribunal stated in a significant order that the group must, first be registered association if a group of residents wants to complain against a developer with the Gujarat Real Estate Regulatory Authority (RERA). The residents or allottees of houses can lodge complaints either individually or by means of a lawyer, […]

RERA: A group of residents cannot file a complaint against a builder without registration.more

Delhi-NCR projects may get delayed by three months due to the construction ban.

November 11, 2019

Based on the ban on construction activities in the city to tackle air pollution, builders have stated that home buyers waiting to take possession of their dream house in Delhi-NCR will need to wait for three more months. The Environment Pollution (Prevention and Control) Authority, (EPCA) had enforced construction ban on last Tuesday, until Monday, […]

Delhi-NCR projects may get delayed by three months due to the construction ban.more

Government to Launch Online Portal for Real Estate Sector

Government to launch an e-commerce platform for the real estate sector by January 2020.

November 4, 2019

According to the recent updates, Union Housing and Urban Affairs minister Hardeep Singh Puri stated, that the central government is going to establish an e-commerce platform for the real estate sector. On Monday, Puri said at the first National RERA conclave in Lucknow, “I had a discussion with CREDAI and NAREDCO and very soon we’ll […]

Government to launch an e-commerce platform for the real estate sector by January 2020.more

Delhi-NCR developer demands that a homebuyer complaint should be first drawn to RERA before NCLT.

Even individual homebuyers who take builders to bankruptcy court, demand by the rattling property developers of Delhi-NCR says that all consumer complaints by regulator RERA be heard before insolvency proceedings have been initiated. According to CREDAI, around 450 real-estate companies/projects across the country face insolvencies under the Insolvency and Bankruptcy Code (IBC), due to defaults […]

Delhi-NCR developer demands that a homebuyer complaint should be first drawn to RERA before NCLT.more

A society which has taken on the redevelopment under RERA is not liable for free sale flats.

October 30, 2019

The High Court of Bombay said that a housing society that terminated their redevelopment agreement with a developer due to delay and then took over redevelopment through judicial decisions cannot be held liable, under RERA, as a ‘promoter’ for buyers that have reserved free sale flat. Justice S C Gupte nullified an order from the City Court […]

A society which has taken on the redevelopment under RERA is not liable for free sale flats.more

J&K, Ladakh will soon receive RERA notification from Centre.

October 17, 2019

The Central Government is going to notify the newly established Union territories of Jammu & Kashmir and Ladakh of their implementation of the Real Estate (Regulation and Development) Act, which will prepare for the development of property in the two regions. “The act would be notified by the State Government in Jammu and Kashmir, while […]

J&K, Ladakh will soon receive RERA notification from Centre.more

Homebuyers’ body urged PMO to place RERA officials under CVC.

September 17, 2019

By Abhay Shah, Realty Quarter Homebuyers’ body FPCE prompted the Prime Minister’s Office to bring representatives to the Central Vigilance Commission implementing the provisions of the Real Estate (Regulation & Development) Act. The Forum for People’s Collective Efforts (FPCE) has also suggested in its letter to the PMO that all contracts adopted under RERA be audited by the […]

Homebuyers’ body urged PMO to place RERA officials under CVC.more

Delhi HC: Home buyers can raise their issues to both RERA as well as the NCDRC.

September 11, 2019

By Abhay Shah, Realty Quarter In a critical decision, Delhi High Court ruled that homebuyers can approach both the National Consumer Disputes Redressal Commission (NCDRC) and Rera as their jurisdictions are “concurrent” with wandering builders. The court said that litigation under the Consumer Protection Act, 1986 can be initiated against developers by homebuyers (or property allocators […]

Delhi HC: Home buyers can raise their issues to both RERA as well as the NCDRC.more

Mumbai experiences change in property price in H1 2019.

August 24, 2019

By Abhay Shah, Realty Quarter In the residential market, Mumbai has allegedly seen a decrease in capital rates, QoQ. The property market in the maximum city is being pressurized and prices are corrected, owing to multiple factors such as liquidity crunch, a decrease in land acquisition and delays in government policy. Mumbai saw good momentum in real estate activity for the first quarter of 2019. Nevertheless, several factors resulted in a […]

Mumbai experiences change in property price in H1 2019.more

Nirmala Sitharaman held meetings to discuss real estate sector issues and measures to be taken to strengthen the industry.

August 12, 2019

By Abhay Shah, Realty Quarter On 11 August, after the industry and homebuyers met with Finance Minister Nirmala Sitharaman to emphasize their issues regarding liquidity crunch, demand slowdown and stalled projects, the government proposed it would soon solve the problems that are affecting the real estate sector. The Minister of Finance conducted two separate meetings on August 11 – the first with the two apex realtors’ industry bodies CREDAI and NAREDCO, and the second with homebuyer associations to address the problems related to the property industry and measures to improve […]

Nirmala Sitharaman held meetings to discuss real estate sector issues and measures to be taken to strengthen the industry.more