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UP-RERA has decided to help 600 odd buyers left with no option after the builder defaulted on delivery timelines and then stopped construction altogether. The buyers approached the UP-Rera, which sent notices to the developer. When it failed to respond, the regulatory authority blacklisted the developer and de-recognized the project.“Our next step was to take the consent of all the buyers and get the project completed. Two groups of buyers under Mist Avenue Buyers’ Association and Festival City Welfare Association showed interest in reviving the project, said a Rera official. ...
Telangana is among the top four states in India in terms of number of projects registered with the state-level Real Estate Regulatory Authority (T-RERA).Latest data obtained by TOI from across India shows Telangana had 4,002 real estate projects registered with T-RERA by February and 2,017 registered agents.Two days ago chief secretary Somesh Kumar warned errant builders. Kumar during a meeting on Friday with representatives of Credai, Tredai, Telangana Builders Association and other organisation , warned that criminal cases would be filed as per RERA against persons and developers indulging in undivided and prelaunch sales. ...
Retired DGP Sunil Kumar, who was appointed a member of the Tamil Nadu Real Estate Regulatory Authority (TNRERA) in October.will take over a newly constituted single-member bench of the real estate regulator.TNRERA has two other benches. As per proceedings of TNRERA dated November 29 the new bench will adjudicate complaints filed under Section 31 of the RERA Act relating to refund of the amount paid by the allottee complainants and interest, interest on delayed construction, interest on delayed payment by the allottees and penalty. ...
The Goa Real Estate Regulatory Authority on Friday granted a three-month extension for real estate firms to submit their audit reports. Builders and real estate firms have till December 31 for audit of accounts and submission of annual statement of accounts for the last financial year. The Goa Chamber of Commerce and industry and CREDAI - Goa had requested GOA RERA to extend the timelines for the completion of audit and submission of annual account statements for 2020-21 due to the “hardship faced by the real estate sector” during the Covid pandemic.“The Goa RERA discussed the said matter in detail and after considering the current and previous pandemic situation, the authority decided to extend the time to complete the audit of accounts and submit the annual statement of accounts in Form-6 till December 31,” deputy town planner with Goa RERA Yugandaraj Redkar said. ...
A total number of 145 new housing projects have been registered with the Tamil Nadu Real Estate Regulatory Authority (TNRERA) between August 24 and September 22. As per the data on the TNRERA's website, a total number of 682 housing projects have been registered till September 22, 2021, this year. Several projects that were registered in nearly 30 days during the past one month period are located in the Chennai Metropolitan Area. ...
Gujarat Real Estate Regulatory Authority has extended the deadline for the submission of the annual report on statement of accounts by real estate developers for year 2020-21. The last date for the submission has been extended till December 31, 2021 in order to provide relief to developers amid Covid-19 pandemic. Real estate developers are required to submit the annual report on statement of accounts in Form-5 within six months after the end of every fiscal year for every registered project. ...
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. ...
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