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The National Buildings Construction Corporation (NBCC) has successfully auctioned approximately 7,100 Amrapali Group flats, generating over ?7,000 crore. This strategic move aims to expedite the completion of stalled housing projects in Noida and Greater Noida. The auctioned units were secured by three developers: Mansan Builders, Gaursons India, and Happy Valley Infra. The funds raised are allocated to clear outstanding bank dues and payments to the Noida and Greater Noida authorities, with further bulk sales planned to accelerate project completion.NBCC Auctions Amrapali Flats Worth ?7,000 Crore to Three Developers ...
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a ?4.2 lakh fine on the developer of the "Sanali Pinnacle" project in Shaikpet, Hyderabad, for violating Sections 3 and 4 of the Real Estate (Regulation and Development) Act. The developer promoted and advertised the project without registering it with TGRERA and without obtaining mandatory approvals from the Greater Hyderabad Municipal Corporation (GHMC). Despite lacking approvals, the project was marketed through various channels, including the company's website and real estate platforms. TGRERA has directed the builder to pay the penalty within 60 days, register the project immediately, and cease all marketing activities until registration is secured. Failure to comply will attract further penalties under Section 63 of the Act. ...
The Tamil Nadu government has expanded its self-certification scheme to include residential buildings with stilt plus two floors, aiming to streamline approvals and reduce bureaucratic delays. This initiative applies to plots up to 2,500 sq ft with a built-up area of 3,500 sq ft, primarily benefiting low- and middle-income families. Model building plans will be provided to assist applicants. The scheme also extends to cottage industries and green factories up to 500 sq m. Additional reforms include reducing the minimum road width in village panchayats from seven to six meters and allowing registered town planners to operate across municipalities. ...
The Telangana Real Estate Regulatory Authority (TGRERA) has ordered a city-based real estate firm to refund the entire amount paid by buyers in nine separate cases related to the commercial project "Western Galaxy" at Gopanpally, Serilingampally Mandal. The refund is to be made along with an interest of 11% per annum from the date of the Memorandum of Understanding (MoU) until the date of realization. Orders were issued on March 28 and 29. The developer failed to deliver possession of the units as agreed. TGRERA ordered the developer to refund the amounts paid by the buyers within 90 days. Upon receipt, the buyers are to return the collateral lands to the company. The authority cautioned that non-compliance would attract penalties under Section 63 of the Act. ...
The Gujarat Real Estate Regulatory Authority (GujRERA) has intervened to protect approximately 40 homebuyers in Vadodara from a nationalised bank's attempt to seize their properties. The bank sought possession under the SARFAESI Act after the builder defaulted on a loan. However, GujRERA emphasized that allottees' rights take precedence and ordered the bank to relinquish possession of any properties already acquired, pending a final decision. The bank argued that the builder failed to obtain the necessary no-objection certificate before selling the units, but GujRERA maintained that buyers' investments must be safeguarded. ...
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has mandated that all housing project advertisements must prominently display the MahaRERA registration number, project website, and a project-specific QR code. These details should be in a font size equal to or larger than the project's contact information, appear in clearly visible colors, and be positioned in the top right quadrant of the advertisement. This directive applies to all forms of advertising media, including newspapers, leaflets, electronic media, hoardings, social media, and messaging platforms. Developers who violate these guidelines face penalties ranging from ?10,000 to ?50,000. If corrections are not made within 10 days of the penalty, further action will be taken under the Real Estate (Regulation and Development) Act. ...
Odisha Real Estate Regulatory Authority (RERA) has empaneled forensic audit firms to investigate irregularities and delays in real estate projects. The decision aims to enhance transparency and accountability within the real estate sector. These forensic audits will scrutinize project finances and compliance with regulations to detect potential misuse of funds or deviations from approved plans. This move follows increasing complaints from homebuyers about delayed possession and stalled projects. By involving expert audit firms, Odisha RERA intends to ensure stricter monitoring and safeguard the interests of homebuyers, promoting fair practices among builders and developers. ...
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. ...
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