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In a significant judgment, the Orissa high court has ordered the state government to enable the Odisha Real Estate Appellate Tribunal (Oreat) to function within 15 days in the interest of litigants. The court further cautioned that suo motu contempt proceedings would be initiated if it failed to do so. The Oreat was formed to deal with the complaints of builders and homebuyers alike on February 2, 2019. Justice (retired) S C Parija was appointed as its chairman under the Real Estate Regulatory Authority (RERA) Act, 2016. But the Oreat was yet to start operating. ...
The Housing Industry Regulatory Authority (WBHIRA) has now approved nearly 500 housing projects. "WBHIRA approved the registration of 488 projects in last one year since June 2019," housing secretary O S Meena said. He said the cumulative number of projects registered was 865 in Feb 2020, which is 930 as of 26th June 2020. A total of 65 projects were cleared since March 2020. Out of these 30 were passed during lockdown since 20th March 2020 (10 each in the end of March, April and May ...
Kerala real estate regulatory authority) will launch virtual hearing from July onwards to redress a rising number of complaints regarding real estate projects; especially those of emergency nature. The registration of real estate projects has also crossed 100 in the state. K-RERA has given registration to 135 projects till date and the figures are expected to cross 200 in the next two weeks.K-RERA has recently communicated that the authority has been compelled to adjourn all the hearings of complaints till June 30. In case of complaints requiring an urgent hearing, the complainants have been directed to submit an application through e-mail along with their complaints. ...
RERA Gujarat has launched new RERA portal termed as RERA Gujarat 2.0. Developers have been given one month time for adaption to the new portal.The new portal will go live from June 26.“We requested the regulatory authority chairman that the new software (portal) should not be immediately implemented,” said Ashish Patel, president, CREDAI-Gujarat, which is a state chapter of Confederation of Real Estate Developers’ Associations of India (CREDAI).“Real estate community also urged that it is not the right time to introduce a new initiative when enough working staff is not available and developers are facing tough times in starting work at their sites. We sought time to understand the new software and provide our feedback,” added Patel. ...
RERA Karnataka vides its notification dated 12.06.2020 passed Karnataka Real Estate (Regulation and Development) (First Amendment) Rules, 2020. New rule 8A has been inserted namely “8A. Agreement for Sale - (1) For the purpose of sub-section (2) of section 13 of the Real Estate (Regulation & Development) Act 2016, the agreement for sale shall be in the Format as per Annexure-A. (2) Any application, letter of allotment, letter or any other document signed by the allottee, in respect of the apartment, plot or building, prior to the execution and registration of the agreement for sale for such apartment, plot or building, as the case may be, shall not be construed to limit the rights and interests of the allottee under the agreement for sale or under the Act.” ...
Based on the order of Government of India regarding extension of the Lockdown in containment zones up to 30th June 2020 as well as the order of Government of Maharashtra regarding easing of restrictions and phase-wise opening of lockdown, MahaRERA shall continue its operations and online delivery of all its services, including Project Registrations, Agent Registrations, Project Extensions / Corrections / Updates and Filing of complaints with all staff working digitally. Only urgent matters shall be listed for hearing after the urgency of the matter has been decided by the full bench of MahaRERA. Application for the hearing of urgent matters may be submitted to Secretary, MahaRERA at secy@maharera.mahaonline.gov.in The said order regarding the working of MahaRERA will be further reviewed, subject to further directions from Government of India as well as Government of Maharashtra ...
After granting an extension for 5 months, TN RERA granted an extension of another one month based on advisory of urban ministry of housing and urban affairs. "In the circular dated April 06, 2020, the validity of all registered projects and their completion period was extended by five months. Having regard to the advisory issued by the Union ministry of housing and urban affairs, the validity of registration and completion period of all the registered projects are further extended by one month over and above the period of five months already extended on account of 'force majeure' (unforeseeable circumstances that prevent someone from fulfilling a contract) due to pandemic," a TNRERA circular said ...
In an order issued dated 19.05.2020, Karnataka RERA stated that project deadlines have been extended by six months. The extension was given by invoking the “Force Majure” clause of the RERA Act. Revised certificates having revised deadlines will be issued soon by the authority. The order state that the project of which Quarterly compliances were due by 15 march has been extended up to 15 September 2020. ...
While addressing a webinar on the occasion of three years completion of RERA , housing minister Mr Hardeep Puri said effective implementation of the RERA will help in restoring trust between developers and buyers , besides ensuring that there are no defaults in the delivery pf projects.He also said that government has taken many steps to revive the Indian realty Sector from Covid 19.The minister said the government has extended the interest subsidy scheme CLSS for the middle-income group and announced the launch of a scheme to provide affordable rental homes to urban poor. ...
In Atamnirbhar package, govt announced the extension of credit linked subsidy scheme for the middle-income group (Annual income Rs 6 lacs- 18 lacs) up to 31 march 2021. The earlier scheme was available until 32 March 2020. This move will benefit around 2.5 lacs middle income families during the period 2020-2 creating an investment of Rs 70,000 crores in the housing sector. ...
UPRERA has started hearing buyer's complaints via video conferencing. Complaints will be heard daily for an hour from 3 PM. To avail, this buyer has register on UP-RERA website in advance.Complaint sessions will be held every week from Monday To Friday with 20 complaints each day. ...
MPRERA has decided to give six months extension to the project which were to completed on or after 15 march 2020 due to the corona epidemic. This decision is going to provide relief to 3000 developers across the state. In addition, on being applied, the six-month extension will be granted in cases of the registration, which ended before March 15 but the application for extension has not yet made to the Authority, the official said. MPRERA has also extended the QPR date from 31 March 2020 to 30th June 2020. ...
As per the latest notification by GUJRERA, builders will able to submit Quarterly Progress Report as per the financial Quarters. Presently, realtors have to submit their progress reports every three months from the month their projects are registered with the authority. For the April-June quarter of fiscal 2020-21, QPRs will be due to be filed by July 7, 2020, the authority said in a notification issued on Wednesday. The authority will also exempt defaulting projects (as on March 2020) from any regulatory action if QPRs for such projects are filed by July 7. ...
Due to Corona Pandemic, real estate developers said that they can adhere to the RERA rules. The NRI who are the backbone of real estate investment in Kerala are not able to come for handing over of projects or funds required for project implementation. The Confederation of Real Estate Developers' Associations of India (CREDAI) Kerala chairman S Krishnakumar said that the real estate sector is also concerned about job loss and salary cut. Krishnakumar said that the Centre should consider the prevailing condition in each state. “Amendments should be made in the RERA Act based on the circumstances in Kerala,” he said. ...
MAHARERA has decided to hear only urgent hearings during the lockdown periods till 17 May. MAHARERA is currently providing all its services i.e project registration , agent registration , complaint filing digitally. Working of authority from 18 may be decided only after directions from state and central govt. ...
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