RERA Latest News | RERA News | RERA news in Karnataka | MAHARERA | RERA in Mysore

Pending dues deposited by Amrapali buyers

Friday 27th September 2019

A website has been started by the UCO Bank for all the Amrapali buyers to start depositing the pending dues which would help to finance the commencement of construction by the NBCC. More than 2 months have passed after the Supreme Court has ordered the NBCC to complete the unfinished housing projects of Amrapali Group in Noida and Greater Noida authorities. To pay their dues, the buyers would have to fill in the details of the project name, flat number, application number, buyer’s name, and the amount pending towards the flat. After all this information, the buyers can credit the due amount into the UCO Bank account. ...

Objection to the Sale of Commercial space by Amrapali buyers

Thursday 26th September 2019

After a receiver has been appointed by the Court and process for the Tripartite agreements has been initiated for the Amrapali buyers, a section of them has objected to the sale of commercial space violating the building laws in almost all housing projects. The Court is yet to give a final order on this issue, the receiver has asked the Noida and Greater Noida authorities to maintain status quo on all such properties till the final call. To protect the safety and sanctity of the residential complexes the buyers have requested the court to check FAR allocation for these commercial activities. The sublease deeds of Amrapali violates the laws of RERA, the Noida Building Bylaws 2010. ...

Order of HC regarding Kerala RERA Chairman

Wednesday 25th September 2019

After considering the petition filed by the advocate of Tiruvananthapuram, the Kerala High Court has ordered the State Government that appointment of PH Kurien (Former Secretary of Housing Department) as the Chairman or member of Kerala RERA should not be done if he was in the Selection Committee for making appointments. As per the interim order, the court’s directive will be in force for 2 months. The petition said that the Government is now taking hasty steps to make the appointments to the posts of RERA Chairman and members bypassing the statutory provisions of Kerala RERA Rules, 2018 and the RERA Act, 2016. ...

No sewage planning in projects of Vadodara

Tuesday 24th September 2019

The Town Planning (TP) schemes must be taken care of to provide the required infrastructure as most of the projects in Vadodara and Rajkot are outside the TP Schemes. Addressing an event organized by Gujarat chapter of CREDAI, the Gujarat RERA Chairman said that out of 147 projects of Vadodara, 146 do not have any sewage planning and this matter should be taken care of for the development purposes. ...

RERA status in Kerala

Tuesday 24th September 2019

After dealing with the Real Estate Crisis arising out of the Maradu case, the Government has turned deaf ears to the need for the formation of the RERA authority in the Kerala state. A reply to the RTI application from the office of LSG minister showed that the file related to RERA was in circulation and information would be revealed once file becomes available. The latest compliance report on the implementation of RERA shows that the interim regulatory authority formed by the state has not processed a single complaint till date. Kerala is one of the 8 states which are yet to set up a RERA Tribunal and have failed to operationalize website under the provision of RERA. ...

Mandatory provision of Land Title Insurance in MAHARERA

Monday 23rd September 2019

Land Title Insurance is a form of indemnity cover, which insures builders and customers against the financial loss from defects in the title of the property. This concept earlier failed due to high pricing and lack of clarity in the sector. However, now the MAHARERA authority has mandated the developers to purchase the title insurance for new and ongoing registered realty projects. The insurance companies have already applied to the IRDA for launching title insurance products with expected low premium rates which may vary from 0.5-3% of the sum insured for a 7-year policy. ...

Order issued by TNRERA to complete the project

Monday 23rd September 2019

A recent order has been issued by TNRERA authority directing Green Avenue Homes and Gardens to pay the rental dues and complete the housing project as per the terms. The said case relates to the redevelopment of the property on Fifth Avenue in Anna Nagar where after entering into Joint Venture Agreement the developer demolished six apartment units while not paying the rentals of the owners for more than 5 years as per the conditions. ...

To sell property, registration of MAHARERA is must

Monday 23rd September 2019

Recently a notification has been issued by the Maharashtra Government directing the property registration officials that registration of any ongoing real estate project shall not be done without first verifying that whether the project is registered with MAHARERA or not. This resolution will help in a long way to protect the interest of homebuyers who were often victims of soft launch projects where bookings were accepted without checking any building permissions. ...

UPRERA approached by GDA

Saturday 21st September 2019

After receiving complaints from the residents of the Aura Chimera society in Raj Nagar Extension about the poor civic amenities in their society, the city magistrate transferred these complaints to the GDA (Ghaziabad Development Authority) to look into the matter. After considering the case, the GDA decided to seek action against the builder through UP-RERA. The GDA officials will issue a recovery certificate to the builder to pay up the dues of Rs. 7 crore as the society does not even have the completion certificate and though possession was given to the buyers with the worst amenities. ...

Auction of unsold flats by UPRERA

Friday 20th September 2019

To provide relief to lakhs of aggrieved homebuyers who were forced to wait for the possession, the UPRERA has decided to auction unsold flats of defaulting builders to pay back the investors seeking a refund in delayed housing projects. This is perhaps the first time that such a move has been announced in the real estate sector. Soon, UPRERA will float a portal for the global e-auction of unsold properties of cash strapped builders who have been issued recovery notes. In both the kind of refund cases- whether non- delivery of flats and buyer wants to exit the project or the other one is where the builder has promised penalties for the delay but has not paid late fine to the buyers, the money from the auction will be used. ...

16 projects de-registered by UPRERA

Thursday 19th September 2019

After conducting a survey in Shahberi district in Uttar Pradesh and finding 1453 apartment projects illegaly constructed on Shahberi land, the UPRERA has decided to de-register 16 builder projects in Shahberi. After realizing that Shahberi is an unplanned area it decided to take them off from its list and the same was conveyed to GNIDA. The Gangster Act has been invoked by lodging 71 FIR against rogue builders for illegal construction. ...

Protest by small builders under Rajasthan RERA

Wednesday 18th September 2019

To maintain healthy competition in the market, the Rajasthan RERA has proposed to lower the threshold limit for registration of projects from 500 square meters to 250 square meters and from 8 units to 4 units. However, the idea has not gone well with the developers and they decided to hit roads against the decision at Civil lines. The association alleged that the Government is systematically planning to wipe out the small builders from the market due to the pressure of big developers. ...

Around 40 fake realtors identified by UPRERA

Wednesday 18th September 2019

After receiving 17 complaints from the gullible homebuyers about the promoters faking registration, the UPRERA investigated and 43 such builders were found who were constructing housing projects in prominent areas of the state capital. After identifying more such projects the UPRERA will lodge FIR against them soon. According to UPRERA norms, every promoter must get the project map approved from LDA and take a NOC from the fire department. Builders also have to take nod of LESA before submitting the registration application. ...

Special fund of Rs. 20,000 crore to the sector by the Government

Tuesday 17th September 2019

To boost the real estate sector, the Government has announced the creation of Rs. 20,000 crore fund for the last-mile financing of stalled affordable and mid-segment housing projects. The proposed fund would support projects which are net worth positive and have not been classified as an NPA or referred to as an NCLT. As per the estimates, around 3.5 lakh dwelling units would be eligible for funding support through this measure. The Government is committing to provide Rs. 10,000 crore, the remaining balance would be funded by investor like LIC, banks, sovereign funds, etc. ...

Suggestions by FPCE for better RERA

Monday 16th September 2019

Homebuyer’s body FPCE has requested the Prime Minister’s Office to bring RERA officials under the ambit of Central Vigilance Commission (CVC). It has also suggested that all orders passed under RERA should be audited by Comptroller Auditor General of India (CAG) to check the compliance with RERA provisions. In order to ensure transparency, it has recommended that a web link should be made available to the public and an audit of the website should be done too. Furthermore, an orientation course for all RERA officials should be carried out in which they are counseled to stick to the brief. ...

Pending dues deposited by Amrapali buyers

Objection to the Sale of Commercial space by Amrapali buyers

Order of HC regarding Kerala RERA Chairman

No sewage planning in projects of Vadodara

RERA status in Kerala

Mandatory provision of Land Title Insurance in MAHARERA

Order issued by TNRERA to complete the project

To sell property, registration of MAHARERA is must

UPRERA approached by GDA

Auction of unsold flats by UPRERA

16 projects de-registered by UPRERA

Protest by small builders under Rajasthan RERA

Around 40 fake realtors identified by UPRERA

Special fund of Rs. 20,000 crore to the sector by the Government

Suggestions by FPCE for better RERA

About RERA Filing

RERA Services

Useful Links

RERA in states

Have Questions on RERA ? Have free discussion on email.

About RERA Filing

RERA Services

Useful Links

RERA in states