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UPRERAâ€™s supervision to Gayatri Aura projects

Saturday 14th September 2019

A story of inordinate delays of a 450 apartment housing project in Noida Extension of Gayatri Aura has been delayed due to long periods of stalled work because of protests by farmers for compensation. The project remains incomplete due to challenges imposed by the farmers to land acquisition for the project in the court and is now being monitored by UPRERA. The authority instituted a reconciliation committee with 2 representatives from buyers, 2 from the developer, 1 from the Greater Noida Authority and 1 from UPRERA. ...

SC worries about the unsold Amrapali flats

Friday 13th September 2019

Cancelling the Amrapali Group’s RERA license and appointing state-run NBCC to complete all the pending projects by its 23rd July order, the Supreme Court is now asking NBCC and others to come up with methods to deal with 5229 unsold flats of the group with worth Rs. 2337 crore. The top court has asked the authorities to suggest modalities of how GST and service tax will be calculated for the home buyers who are getting the house registered. It has also warned the homebuyers that unwillingness to pay the outstanding dues may lead to winding up of the stalled projects due to financial crunch. ...

RERA praised by PM Modi

Thursday 12th September 2019

Addressing people in the inauguration of Aurangabad Industrial City project, the PM Modi applauded the RERA Act, 2016 and mentioned that it has created impartiality in the real estate sector and has given a boost to the construction activities. Also, by tax concessions, the middle-class people can fulfil the dream of owning a house. Many flats are being constructed under RERA has yielded good results encouraging public participation in PMAY. ...

Response sought by Supreme Court from Amrapali Group

Thursday 12th September 2019

Seeking response from the Amrapali Group on a plea filed by around 700 homebuyers who had their dream homes booked in its project, the bench of Supreme Court issued a notice to the company and restraining the promoters from leaving the country without its permission. An interim order has been sought to ask the company to deposit money to secure the interests of the hassled homebuyers as they have neither received the possession nor the refund amount. ...

Godrej properties fined by MAHARERA

Wednesday 11th September 2019

Invoking Section 3 of the RERA Act, 2016 against the Godrej Properties, the MAHARERA imposed a fine of Rs. 30 lakhs for putting up 30 hoardings of their new project in Thane without first registering it. The developer argued that these billboards may not be treated as advertisements violating the law as the billboards also displayed a specific disclaimer. Reacting on the complaint of a potential customer, the authority clarified that such promotions can also disrupt a level playing field for competitors and the fine need to be paid before getting registration. ...

Suo motu action by MAHARERA

Wednesday 11th September 2019

Using the powers under Section 35 of the RERA Act, 2016, the MAHARERA decided to take suo motu cognizance against 2 real estate agencies based in Pune and Kalyan for facilitating the sale of unregistered projects. The two agencies, namely Wisteria Real Vision Pvt. Ltd. and Mystica India have been fined with Rs. 80,000 and Rs. 40,000 respectively. For real estate agents, it is mandatory to sell the unregistered projects and hence necessary actions were taken against them. ...

MAHARERA to soon have conciliation forum in every district

Tuesday 10th September 2019

Maharashtra being the first state to implement the conciliation forum mechanism and thereby achieving 78% success rate is considering to expand its mechanism by setting up a bench in every district in the state to help resolve disputes between developers and homebuyers. The MAHARERA Chairman said the expansion will be done in phases and the new benches will be established in Thane, Navi Mumbai, Mira-Bhayander, Vasai-Virar, Palghar, Kalyan-Dombivli and Nashik in coming days. It has also conducted a 2-day skill development workshop to train new members who will join these panels. ...

The action against 200 delayed projects cannot be taken by UPRERA

Tuesday 10th September 2019

Around 200 projects have been founded in Gautam Budh Nagar that have missed their deadlines or violated agreements with buyers but UPRERA cannot take any action against them due to their non-registration with the authority. Many builders are not accessible and the projects have been left incomplete resulting in no possession to the buyers. Therefore, the UPRERA officials have now appealed to the Noida and Greater Noida authorities to create some legal framework so that these projects can be brought under the UPRERA’s ambit as buyers are continuously complaining. ...

Builderâ€™s Plea dismissed by Delhi HC on RERA and CPA

Monday 9th September 2019

On a petition filed by builders like M3M India, 3C Shelters, Spaze Towers, Umang Realtech under Article 227 of the Constitution questioning that whether proceedings under CPA can be commenced by homebuyers against developers, after the commencement of RERA. While deciding on the matter, the Delhi High Court referred to the Supreme Court’s verdict thereby finally dismissing the plea filed by the builders questioning the inter-relationship of RERA and Consumer Protection Act, 1986. It held that the remedies available to the homebuyers under CPA and RERA are concurrent and there is no question of interference. ...

MGP wants amendments in RERA

Saturday 7th September 2019

The consumer rights organization Mumbai Grahak Panchayat (MGP) wrote to the Union ministry of housing and urban affairs about amending section 3(2) of the RERA Act, 2016 by removing the word “or” and replacing it with “and” so that it would be strictly restricted to small realty projects. The condition of less than 500 sq meters and less than 8 units both need to be fulfilled simultaneously as the developers are taking advantage of the “or” inserted. ...

MOU is enough to prove Ownership said MAHARERA

Friday 6th September 2019

When 2 homebuyers complained on behalf of MOU(Memorandum of Understanding) against a project by Sahyog Homes Ltd. In Oshiwara, the developer claimed that these were not homebuyers but investors and MOU was not registered. On this, the MAHARERA clarified that the developer should not have accepted such a huge amount when the project was not progressing and directed the company to refund Rs. 82.95 lakh with 10.75% interest from 2012 declaring MOU as enough proof of ownership. ...

5967 complaints registered in UPRERA

Thursday 5th September 2019

Around 5967 complaints have been registered against 20 developers in UPRERA. Topping the list is Ansal Properties with 1269 complaints followed by Supertech which has 817 complaints, Rohtas project with 458 complaints while Unnati Fortune Holdings. Major ï¬nes have been imposed by authority. ...

A shortcut to litigations-RERAâ€™s Conciliation Forum

Wednesday 4th September 2019

Setup under Section 32(g) of the RERA Act, 2016, Conciliation Forums is like softer tools to bring the homebuyers and developers to the negotiation table instead of initial formal court proceedings. MAHARERA and UPRERA are among the few state authorities that have launched such forums. These forums tend to give solutions to homebuyers over a shorter timeline compared to a normal complaint filed with RERA. In normal complaint, it takes about 4 or 5 hearings to pass an order, whereas in case of such forums it takes maximum 1 or 2 meetings. This help in amicable and quick resolution of complaints. ...

Re-submission of ownership documents by Amrapali buyers

Wednesday 4th September 2019

As per the latest order of the Supreme Court, the registration process of 14000 buyers of Amrapali was supposed to have been completed by 23rd August, 2019 as residents were awaiting registry of their flats. However, they have been asked to produce a fresh set of documents to help authenticate ownership of their houses. The buyers will now have to deposit the allotment letter, builder-buyer agreement, possession letter, and no-objection certificate. After the documents are examined, a tripartite agreement is expected to be signed by the Noida Authority, an appointed signatory by the court receiver and the buyers. ...

Slum rehab projects soon to come under MAHARERA

Tuesday 3rd September 2019

A recent circular issued by the State Government confirmed that MAHARERA will include Slum Rehabilitation projects soon. Therefore the tenants who have been facing issues due to delays in Slum Rehabilitation Authority redevelopment schemes will have a platform to approach their complaints. This move is expected to benefit over 10 lakh families who are living in slums or on rent. Due to irregularities in the redevelopment work performed by the builders in the scheme this will boost the real estate market and help in ease of the financial crunch faced by the developer as the SRA Scheme will be done on phase-wise. ...

UPRERAâ€™s supervision to Gayatri Aura projects

SC worries about the unsold Amrapali flats

RERA praised by PM Modi

Response sought by Supreme Court from Amrapali Group

Godrej properties fined by MAHARERA

Suo motu action by MAHARERA

MAHARERA to soon have conciliation forum in every district

The action against 200 delayed projects cannot be taken by UPRERA

Builderâ€™s Plea dismissed by Delhi HC on RERA and CPA

MGP wants amendments in RERA

MOU is enough to prove Ownership said MAHARERA

5967 complaints registered in UPRERA

A shortcut to litigations-RERAâ€™s Conciliation Forum

Re-submission of ownership documents by Amrapali buyers

Slum rehab projects soon to come under MAHARERA

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