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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. ...
Construction activity may resume in Noida and Greater Noida from mid-May, provided no further restrictions are imposed by the government, UP-Rera officials have said. However, as per the real estate developers, the pace will be slow due to less labour in Noida and Greater Noida.RK Arora, president of Naredco-UP, said, “We will have to work at one-third the capacity. At Supertech, we have 4,000 labourers who we hosted through the lockdown and took care of them with food and shelter, so they will be able to join work immediately. Social distancing norms will also have to be maintained.” ...
Realty firms are not able to access money from the government's Rs 25,000 crore stress fund to complete stalled housing projects, and all roadblocks should be removed for the success of this scheme, said Anthony De Sa, Chairman, Madhya Pradesh-RERA. Builders are unable to access this fund. We need to remove this bottleneck," he said, adding that some guidelines need to be issued by the Reserve Bank of India or the finance ministry in this regard. ...
Rajasthan realtors have requested the CM to grant extension of project till one year as industry has come to a halt since the corona lockdown. The demand has been sought after other states like maharashtra , karnataka and UP has granted extension of three months for project completion. ...
UPRERA will soon start grading of builders and developers. The contract of the same has been given to CRISIL. Rajiv Kumar chairman, UP-RERA, “RERA will assign grades to the projects and the promoters with a view to assist a prospective homebuyer while investing in a project. Through this grading the prospective homebuyers will have a beforehand knowledge of the credentials of the promoter and the quality of the projects under consideration”. ...
Maharashtra Real Estate Regulatory Authority (MAHARERA) has extended the period of validity for registration of all registered projects where completion date, revised completion date or extended completion date expires on or after March 15, 2020 by three months.MAHARERA has also issued a circular stating extension of time limits for all statutory compliances in accordance with the Real Estate (Regulation and Development Act 2016) and the rules and regulations made thereunder, which were due in March, April and May 2020 to June 30, 2020. ...
The Karnataka Real Estate Regulatory Authority (K-RERA) has approached the state’s housing department to finalise the model sales agreement as per central government rules.“The model sales agreement has been sent to the government and is expected to be notified soon. There were objections that has been looked into before sending to the state,” said MR Kamble, chairman K-RERA.The K-RERA that started functioning two years ago had faced delay in model sales agreement due to change in government and the absence of RERA chief in the state. ...
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has issued a show-cause notice to 10 promoters (5 from Delhi – NCR and 5 from Lucknow) for violating the Act by continuing with the construction and promotions of their respective projects even after their registration got lapsed.UPRERA’s Technical Team inspected the Promoter’s project sites to find out the details.Moreover, advertisements were given in the newspapers for creating awareness among Homebuyers. As per the statement, this is the violation of section 3 of the Act, under section 59 the promoter will be liable to a penalty which may be up to 10 percent of the estimated cost of the project. ...
TNRERA has slapped a fine of Rs 30 lacs for misrepresentation of facts at the time of registration and hence revoked the RERA registration of builder.The customer has alleged that the builder has provided false information at the time of registration from TNRERA for villa township project by projecting it as a layout. On hearing both the sides, TNRERA observed it was evident from the brochures and other documents that project “ Bloom “ is a residential housing project, not just a plotting project ...
Kerala RERA in its very first order ordered a builder to pay interest at 15% of the amount received from the buyer from the period starting from expiry of the agreed time of delivery till handing over of the apartment.As per the complainant, CR Subhash, he had entered into an agreement with the builder in 2014 to purchase an apartment 1,167 sq ft. It was agreed that the construction would be completed with all facilities on or before December 31, 2016.It directed the builder to register the project and complete the project and take an occupancy certificate within June 30, 2020 without fail. Further, it ordered that the builder shall pay interest at the rate of 15.2% for Rs 49.5 lakh starting from March 1, 2017, till the actual date of handing over the possession of the apartment ...
The Haryana Real Estate Regulatory Authority resolved around 70 percent of the 9,496 complaints it received in the last two years, an official said on Wednesday. The authority has resolved 6,598 complaints, said Haryana RERA , Gurugram, Chairman, K K Khandelwal. On a daily basis, authority receives 13 complaints out of which 9 are resolved by the authority. Speaking on the second foundation day of HARERA in Gurugram, Khandelwal said 509 penalty notices have been issued to those builders who have not complied with the provisions of the real estate law. ...
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