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Guidelines for project registration in Karnataka
The Telangana Real Estate Regulatory Authority (TGRERA) has fined a Hyderabad-based builder ?4.27 lakh for advertising the “Sanali Pinnacle” project without registration. The project, located in Shaikpet, was promoted online and on hoardings despite lacking approvals from the Greater Hyderabad Municipal Corporation (GHMC). Authorities warned developers against marketing unregistered projects, emphasizing that such violations mislead buyers. TGRERA reiterated that real estate projects must secure approvals before advertisement. This action highlights stricter enforcement of RERA norms to protect homebuyers ...
The Gujarat Real Estate Regulatory Authority (GujRERA) has directed a nationalized bank to halt the seizure of properties belonging to allottees in a case where a builder defaulted on a loan. Emphasizing the rights of allottees, GujRERA instructed the bank to relinquish possession of properties it had acquired until a final order is issued. This decision came after approximately 40 homeowners from Vadodara sought intervention, highlighting that the RERA Act prioritizes protecting allottees’ interests over banks’ claims. The bank had argued its actions were in line with the SARFAESI Act, citing the builder’s failure to obtain the necessary no-objection certificate ...
The Telangana Real Estate Regulatory Authority (RERA) has penalized a builder for project delays, ordering compensation to homebuyers. The builder is required to pay interest to the buyer until the flat is handed over, ensuring adherence to project timelines and protecting consumer interests. This action aligns with previous rulings where builders were mandated to compensate homebuyers for delays. For instance, in December 2024, a district consumer forum directed a developer to pay compensation for delayed handover of a flat, emphasizing the principle of parity in builder-buyer agreements. These measures underscore the commitment of regulatory authorities to enforce compliance and safeguard the rights of homebuyers in the real estate sector ...
The Haryana Real Estate Regulatory Authority (HRERA) has directed Orris Infrastructure to compensate homebuyers with interest for delays in property handovers. The dispute involves a 2BHK apartment in Tower 2A of Aster Court, Sector 85, Gurugram, where possession was delayed beyond the agreed date. HRERA's decision underscores the authority's commitment to protecting homebuyers' interests and ensuring developers adhere to project timelines.In a related case, the National Consumer Disputes Redressal Commission (NCDRC) ordered Orris Infrastructure to refund homebuyers' money along with 10% interest per annum from the date of payment till the date of refund. These actions highlight HRERA's proactive role in enforcing compliance and safeguarding consumer rights in the real estate sector. ...
The Haryana Real Estate Regulatory Authority (HRERA) has seized security deposits of ?2.25 crore from six developers for violating registration rules and project delays. The developers were penalized for not adhering to project timelines, with fines of ?25 lakh each for two of them. Despite these actions, their RERA registration certificates remain valid, with revised project timelines. HRERA emphasized the importance of timely project completion and warned of strict actions against non-compliant developers, ensuring homebuyer protection. Similar measures were taken against 20 developers in March 2024 for violating norms. ...
The Suraksha Group has had the UP-RERA registration revalidated for seven housing projects from Jaiprakash Infratech Limited (JIL), which it took over in June 2024. These projects had been stalled, leaving homebuyers unable to secure loans. The revalidation will allow financial institutions to provide home loans, benefiting around 10,000 buyers. The seven projects are set for delivery in phases starting December 2025. However, concerns remain over the pace of construction, particularly for two projects where the registration is valid only until the end of 2025. ...
The Supreme Court of India has ruled that real estate developers cannot deduct more than 10% of the basic sale price (BSP) if a homebuyer cancels their booking. This decision addresses the issue of one-sided agreements favoring developers and aims to protect homebuyers from unreasonable forfeiture practices. The court emphasized that contractual terms that are excessively one-sided, unfair, and unreasonable amount to unfair trade practices. This ruling reinforces the principle that deductions beyond 10% are excessive and legally unjustifiable. ...
Recent GST raids have uncovered that several land developers in Punjab, especially in Mohali and New Chandigarh, are circumventing Punjab Real Estate Regulatory Authority (RERA) regulations. These developers have been selling plots and shop-cum-offices through pre-launch offers, 'land pooling' agreements without actual land, and the Expression of Interest (EoI) model to secure early investments from buyers at discounted rates, even before obtaining necessary approvals. Such practices are unlawful and have led to significant GST evasion, as these projects were not registered under Punjab RERA. The regulatory body has announced strict penalties for violators to safeguard buyers' interests. ...
The West Bengal Real Estate Appellate Tribunal has intervened to prevent Yes Bank from seizing flats in New Alipore, Kolkata, due to a default by the developer on loan payments. The ruling was made in favor of homebuyers, asserting that their rights take precedence over financial institutions' claims. This decision highlights the tribunal's stance on safeguarding consumers in the real estate sector, particularly in cases involving developer defaults.This judgment is considered a landmark, setting a precedent for protecting homebuyers' interests against banking institutions' recovery proceedings in real estate projects. ...
The Odisha government has allowed the registration of apartments completed before RERA's implementation on February 25, 2017. This move addresses challenges faced by homeowners unable to register sale or transfer deeds due to ambiguities in the Odisha Apartment (Ownership and Management) Act 2023. The Housing and Urban Development department has issued a notification, ensuring that registration authorities cannot deny registrations for pre-RERA apartments. This decision is expected to revive the real estate market and provide relief to homebuyers. However, experts seek clarity on defining completed projects and the status of those without occupancy certificates. ...
In 2024, Uttar Pradesh RERA registered over 250 real estate projects, reflecting a rise in regulatory compliance. About 65% of these projects are from non-NCR districts like Mathura, Ayodhya, and Varanasi, while 35% are from NCR areas such as Noida and Ghaziabad. UP-RERA now oversees 3,756 registered projects, with 1,207 completed. This growth highlights increasing transparency and investor confidence in the state’s real estate sector. The surge in registrations, especially in non-NCR regions, signals expanding development beyond traditional hubs, contributing to structured urbanization and real estate growth across Uttar Pradesh. ...
Dr. Shrikant Baldi, the former Chairman of the Himachal Pradesh Real Estate Regulatory Authority (HPRERA), is facing allegations of misusing funds during his tenure. The specific details of the allegations have not been publicly disclosed. Dr. Baldi, a retired IAS officer, was appointed as the Chairman of HPRERA in October 2019.In a related development, the Union Finance Ministry has directed public sector banks to ensure strict compliance with RERA provisions to prevent the misappropriation of funds by developers. This move aims to safeguard homebuyers' interests and maintain transparency in real estate transactions. ...
Karnataka RERA has issued recovery orders totaling ?758.85 crore against builders for violations, but only ?91 crore (around 12%) has been recovered. The slow recovery is due to an overburdened district administration and the lack of a dedicated recovery officer in K-RERA. Experts suggest appointing a special revenue recovery officer to speed up the process. K-RERA is considering structural changes to improve enforcement and ensure homebuyers receive their dues. ...
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued a warning to builders about using misleading advertisements for their projects. The notice emphasizes compliance with Section 11 of the Real Estate (Regulation and Development) Act, 2016, which requires accurate information in promotional materials.Builders must ensure that all project advertisements include the RERA registration number and do not make false claims. The authority aims to protect buyers from deceptive marketing practices and ensure transparency in real estate dealings. ...
Builders in Karnataka owe ?666.97 crore in penalties under RERA for violations such as project delays and unresolved buyer complaints. Despite repeated notices, many developers have failed to pay the dues, frustrating homebuyers and prompting authorities to consider stricter enforcement measures to ensure compliance and safeguard consumer interests. ...
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