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MAHA RERA through an interim order has revoked the registration of Dhanashree Developers after it failed to complete a housing project in Goregaon by the completion date June 30, 2019, and did not renew its registration as an ongoing real estate project. The registration was revoked under Section 7 of the Real Estate (Regulation and Development) Act (RERA). This is the second such project for which MahaRERA has revoked the developer’s registration. On October 22, 2019, MahaRERA had become the first RERA authority to use Sections 7 and 8 of the act to revoke the registration of DS Kulkarni Group in connection with the DSK Sadaphuli project in Pune. ...
UPRERA is all set to start ecourt from March 2 , 2020.The module is dedicated towards the digital way of inviting complaints, processing them through logical rules and disposing them in a timely fashion. The authority will continue the old complaint form till February 2, 2020 and from February 3, 2020 onwards complaints can be submitted only on new forms. ...
Kerala real estate Regulatory authority will hold its first hearing on complaints against real estate projects on February 5. More than 100 complaints have been received by the authority from buyers of projects which have not received an occupancy certificate. While a good number of complaints pertaining to delay in delivery, there are also complaints against builders for failing to deliver promised features regarding a project. Multiple complaints have been received against a single project itself and in other cases, individual complaints have been received. ...
The Maharashtra Real Estate Regulatory Authority (Maha-RERA) has ruled that open parking spaces fall within the definition of common areas in the Real Estate (Regulation and Development) Act, and hence developers cannot charge homebuyers for them. The ruling came during the hearing of a complaint by homebuyer Mahesh Shah against Sunny Vista Realtors and Persipina Developers, which is part of the Hiranandani Developers. MAHARERA member Bhalchandra Kapadnis directed Persipina to not charge any money if the parking space is open, and charge Rs 4 lakh if it is covered. ...
Karnataka may soon have the judicial powers, similar to what is given to the consumer forum. Taking a leaf out of its counterparts in Madhya Pradesh, Karnataka’s realty regulator is working on a draft proposal that aims to give more power to execute its own orders. Such an amendment to the Real Estate (Regulation and Development) Act 2017, many said, is critical for RERA as it’s unable to provide any immediate relief to the home-buyers from the defaulting builders. Over the last two years, RERA-K delivered over 1,900 judgments but most of the orders have remained on paper. ...
The Haryana Real Estate Regulatory Authority has directed the developers of the much-delayed Greenopolis housing project to start construction by February 1, failing which a penalty of Rs 1 crore per day will be imposed on them. In a hearing on Thursday, the regulatory authority further directed the developers of the Secor 89 project — Orris Infrastructure and The 3C company — to complete the first phase by April 30, otherwise, they will have to pay a penalty of Rs 1 crore per day. ...
As per the latest record, only 25% projects in Telangana are RERA compliant. The most common violations: advertising and selling without registration number, denying compensation to customers as mentioned in the act and employing marketing agents who are not Rera-certified.Rera officials, however, maintain that they are dealing with violations strictly. “We take action each time a matter is brought to our notice. So far, we have issued 60-70 showcause notices to various projects and imposed fine on 160 of them – of between Rs 50,000 and Rs 3 lakh. In one case, we imposed a fine of Rs 14 lakh while two others were penalized for Rs 25 lakh,” said an official. ...
Supertech, a renowned builder in Delhi -NCR applies for stress fund of Rs 1500 crore to complete its 12 ongoing projects in Noida and greater noida, Uttar Pradesh, "We have applied for stress fund of Rs 1,500 crore for our 12 projects nearing completion in Noida, Greater Noida and Yamuna Expressway to finish 20,000 flats in 1-2 years," Supertech Ltd Chairman R K Arora said."We are eligible for stress fund and hope to get the same," he added. Central govt announced a stress fund of Rs 25000 crore for completion of over 1500 stalled projects. ...
In a recent order passed by MAHA RERA it was held that industrial units won’t be covered under RERA. The order was passed in respect of a complaint filed by the complainant who had booked two units in an industrial facility. The complaint was regarding the delayed possession of the project. After looking into legal aspects of the matter, the only conclusion that can be drawn is that MOFA is applicable to the premises used for carrying on any industry whereas the definition of the apartment doesn’t include the industrial purpose. ...
Ex-chief secretary of Himachal Pradesh joined the position of HP RERA chairman.Shrikant Badli is appointed as the first chairman of HPRERA.He was appointed RERA chairman a few weeks ago and joined duty on Wednesday after retirement as chief secretary on Tuesday.Retired IAS officer B C Badalia and retired chief architect R K Verma joined as RERA members. ...
Chief Minister Pinarayi Vijayan launched the Kerala Real Estate Regulatory Authority on 01 January 2020. This act aims to bring more transparency in the real estate sector and it will boost confidence of customers."It is just because of a handful of realtors who divert from good practice and indulge in illegal ways to mint money that the whole sector sometimes get a black mark. We have heard terms like the real-estate mafia," Vijayan said at the official launch event. ...
Haryana RERA served a show-cause notice to Orris and Ansal Properties for not registering their ongoing projects namely wood view in sector 89-90 and Esencia in sector 67 respectively. The authority imposed a penalty of Rs 75 crore and Rs 106 crore respectively for non-registration of the project with RERA. The authority observed that the promoters have not obtained completion/part completion certificate for the project till date. As the project is underway, they should have been registered their projects with the authority within three months from the enactment of the RERA Act, 2016. ...
KRERA is likely to begin operations from 01 January 2020. K-RERA chairman P H Kurien said that the authority has already started receiving complaints from homebuyers.“All ongoing projects for which occupancy certificate is pending will have to be registered with RERA. We are waiting for more complainants to turn up. So far, we have only had 3-4 complaints,” said Kurien ...
Maharashtra tops the chart in the country when it comes to Rera registered properties and within Maharashtra. Over 90% of the projects registered with MahaRERA are based in Mumbai and Pune.The deployment of Rera across India is increasing as around 46,480 projects and 36,671 real estate agents have been registered under Rera as on November 2019. Maharashtra had 22,885 registered projects and 21,869 registered agents. ...
The Uttar Pradesh Real Estate Regulatory Authority has sent letters to 1227 realtors across the state informing them about the benefit of the stress fund scheme announced by central government recently."The step has been taken in order to ensure that the promoters of such projects are aware of the scheme so that the central government in November had proposed fund of Rs 25,000 crore to complete pending realty projects. Out of the total, the government infused up to Rs 10,000 crore initially and the rest is to be contributed by banks, LIC and other sources.the projects are completed, and the home buyers of such projects are able to get their home," said the authority in a media release. ...
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