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Guidelines for project registration in Karnataka
The Rajasthan Real Estate Regulatory Authority will issue notices to approximately 300 developers in the state for not submitting quarterly progress reports.According to the mandatory provision, the promoter has to upload updates on the RERA website for the project at the end of each quarter on apartments/flats, status update of each building. A senior official at RERA said, “After issuing the notices, the developers will be given time to submit their reply in October. Registration will be canceled if the reply is dissatisfactory.” The move to upload reports online help buyers to assess the properties, the progress of the projects, evaluation of the company’s financial status and legal aspects. ...
The Uttar Pradesh Real Estate Regulatory Authority has identified 115 projects that will be given a nine-month extension for completion, with the regulator monitoring the construction activity. The authority had invited applications from developers along with an affidavit that it will complete the projects within the extended period of registration. The developers had to submit requests along with a financial plan for the completion of the projects. Out of the total applications, 45 had already been granted an extension. ...
To make the system transparent, the Real Estate Regulatory Authority (RERA), Rajasthan, will update its website to reflect data lists of projects whose applications for registration have either been rejected, withdrawn or revoked.The move will save the buyers from investing money in projects which are rejected, withdrawn or even in registered projects that have expired. RERA registrar Ramesh Chandra Sharma said, “The orders passed against the revocation or others are already uploaded on the RERA website. We will also prepare a list of these projects to inform buyers.” ...
The Tamil Nadu chapter of the Builders Association of India on Tuesday sought extending the validity of RERA-registered projects by one more year due to Covid-19. In a letter to the chief minister, the association's state chairman R Sivakumar said construction projects have been stalled due to the present scenario and builders are unable to complete projects within the timeline due to pandemic and other restrictions. It also demanded an extension of validity for building planning permissions for one more year for the projects that are valid for five years ending till December 31, 2021. ...
The Rajasthan Real Estate Regulatory Authority (RERA) has extended the date for developers for online submission of quarterly progress report (QRPS) of their registered projects.In an order issued on Monday, the authority mentioned that the last date for submission of QRPs for all the earlier quarters and also for the quarters ending on March 31, 2021 has been extended to June 30, 2021 without any delay processing charges or penalty.The order further states, “If QRP for any quarter, including January- March 2021, is not submitted by June 30, it will attract penalty under section 61 of the Real Estate (Regulation and Development) Act 2016 for contravention of relevant provisions. Delay processing charges will also be attracted on delay in submission of QRPs. ...
In its endeavour to help home-buyers, the Rajasthan RERA has started virtual hearing of cases.After the lockdown in the state was extended and decision was taken to re-open offices from June 8, the RERA decided to go online. The order reads, “Rajasthan RERA will work from home and court cases listed for hearing before RERA Authority and Adjudicating officer between May 24 and June 7 will be heard through video conferencing.” ...
The Real Estate Regulatory Authority (RERA) of Karnataka has appointed HC Kishore Chandra, a retired DGP rank officer, as the chairman."The term of the chairperson shall be for a period of five years from his assumption of office or till the age of sixty-five years or until further order, whichever is earlier and he shall not be eligible for reappointment," the government of Karnataka said in a recent notification. The newly appointed chairman will take over from 1st June after the superannuation of existing chairman M R Kamble and one member. ...
State-specific Real Estate Regulatory Authorities across India have disposed of 65,539 complaints of homebuyers over the last four years since the implementation of the legislation in 2017. Out of this, nearly 40% of cases or around 26,510 complaints were resolved in Uttar Pradesh, followed by Haryana with 13,269 cases and Maharashtra with 9,265 cases. The three states cumulatively accounted for nearly 75% of the total disposed cases under RERA in the country, showed data from the Ministry of Housing and Urban Affairs. ...
The Tamil Nadu Real Estate Authority has imposed a penalty of Rs 10 lakh on two developers for factual misrepresentation of RERA registration number in their portals.A complaint was filed with the TNRERA over usage of the same RERA registration number for two housing projects at Athipattu and Perumbakkam.The TNRERA, in its order, said that mentioning Nolambur as the location for a project situated at Athipattu in Ambattur Taluk amounted to misleading prospective homebuyers.Similarly, for another project at Vengaivasal, the location was mentioned as Medavakkam. While imposing a penalty of Rs 10 lakh, the TNRERA directed developers to immediately remove all factual misrepresentations. ...
Ajoy Mehta, the principal Advisor to Maharashtra Chief Minister Uddhav Thackeray, is being appointed as the chairman of MahaRERA. The order is being issued by the Housing department.The post had fallen vacant due to the retirement of Gautam Chatterjee.Mehta, an IAS officer of the 1984 batch, was the collector of Ahmednagar for four years. He was also the municipal commissioner of Mumbai for four years and later became the chief secretary. ...
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has penalised 11 promoters of Rs 2.5 crore for non-compliance of its orders.The authority passed these orders under the provisions of Section 63 of the RERA Act which empowers the Authority to impose penalties up to 5 per cent of the cost of the project for non-compliance of its orders by the promoters.Five of the promoters who have been fined include Newtech Promoters & Developers who has been penalised Rs 46 lakh, Supertech has been fined Rs 34 lakh, Lucknow Development Authority has been fined Rs 57 lakh, Tulsiani Construction and Developers has been penalised Rs 30 lakh and Antriksh Realtek has been fined Rs 27 lakh ...
The Tamil Nadu Real Estate Regulatory Authority has engaged a chartered accountant to scrutinise the bank account of a delayed housing project to verify utilisation of homebuyers’ payment and submit a report in a month. The first-of-its-kind direction follows a complaint by a homebuyers association, demanding a forensic audit to find out if funds meant for the housing project on Chennai’s outskirts were diverted. The complainant association will bear the CA’s Rs 1 lakh fee ...
Hundreds of apartment projects have come under the scanner as Karnataka Real Estate Regulatory Authority has started conducting spot inspections — both complaint-based and suo motu — to verify developers’ claims regarding completion. So far, developers of 876 projects out of 3,730 registered ones have declared that work has been completed and the flats are ready for occupation. However, 5,106 complaints are pending, of which many pertain to false claims on completion status and delay in delivery ...
GUJRERA has extended deadline from 31 december 2020 to 31 january 2021 for submission of Annual Reports for the real estate projects registered with the authority.Every promoter is required to submit the annual report on statement of accounts in Form-5 within six months after the end of a financial year for every registered project.“The extended date for the submission of Form-5 for financial year 2019-20, which is due on December 31, 2020, is further extended up to January 31, 2021,” the authority stated in its order dated December 24. ...
The Real Estate Regulatory Authority (Rajasthan-RERA) has issued show-cause notices to 95 builders and promoters in the state over pending projects.After developer failed to adhere to self-set deadlines, the notices were slapped under the Real Estate (Regulation and Development) Act, 2016 at this massive scale, for the first time.The notices talk of imposing penalties on the guilty builders and for the RERA to arrange completion of remaining works with assistance from third parties. ...
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