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GUJRERA has extended deadline from 31 december 2020 to 31 january 2021 for submission of Annual Reports for the real estate projects registered with the authority.Every promoter is required to submit the annual report on statement of accounts in Form-5 within six months after the end of a financial year for every registered project.“The extended date for the submission of Form-5 for financial year 2019-20, which is due on December 31, 2020, is further extended up to January 31, 2021,” the authority stated in its order dated December 24. ...
The Real Estate Regulatory Authority (Rajasthan-RERA) has issued show-cause notices to 95 builders and promoters in the state over pending projects.After developer failed to adhere to self-set deadlines, the notices were slapped under the Real Estate (Regulation and Development) Act, 2016 at this massive scale, for the first time.The notices talk of imposing penalties on the guilty builders and for the RERA to arrange completion of remaining works with assistance from third parties. ...
RERA Karnataka has issued a circular regarding extension of completion date further by 3 months for the project which was supposed to be completed on or after 15 March 2020. This has been decided in order to aid Government effort in controlling the damage of Covid 19 and to ensure completion of RERA registered projects doesn’t get adversely affected. ...
UP RERA has cleared backlog of complaints through online complaint hearing .Of the 30,956 complaints registered so far, the regulator has already heard 24,026 cases till December 15. And of these, some 5,115 complaints were filed by buyers in Gautam Budh Nagar in 2020 and 1,454 have been disposed of this year itself. The new year is supposed to start with 6,930 pending cases to be heard from previous applications, officials said. ...
Due to allegation from sections of homebuyers of weak implementation of RERA , KRERA is preparing to put in place an online system of allocation of cases which will result in impartial allotment of cases. Karnataka RERA is developing a software where allocation of cases will be done online and on rotational basis to benches without any human intervention.This will be allotted as and when cases come to the available benches. This will mean impartial allotment. It has already been developed, but it has to be clubbed with our existing complaint model. It should be put in place in another two to three weeks. ...
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has requested the state government to reduce the stamp duty on property registration by two percentage points to help attract homebuyers amid unprecedented demand shrinkage caused by the pandemic.Additionally, it has also requested a flat Rs 2,000 registration fee for agreement-to-sale documents, which is currently at 25% of the stamp duty charges.“We have made the recommendation keeping in mind the interests of buyers and developers,” said Rajive Kumar, chairman, UP-RERA. ...
Many Real estate Agents/Firms/brokers are advertising in connection with real estate projects through printed, visual, and social media without registering under Kerala Real Estate Regulatory Authority. The authority has started sending show cause notices to certain firms and people who have been found marketing projects without registering with RERA. The person found to be guilty shall reliable to pay a penalty of Rs 10,000 per day which may extend up to 5% of the estimated cost of the project. ...
UPRERA will conduct forensic audit of account of all the phases of supernova project. UP-RERA also decided to issue show cause notice to the Supertech Realtors under section 7 of the RERA for revoking the registration of its project Supernova Phase-IV.It had granted conditional registration to the project on the request and commitment of its chairman R K Arora that he will submit the revalidated map of the project within six monthHowever, the promoter did not submit the revalidated map in time. ...
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has given one month’s time to Suncity Hi-Tech Infrastructures, Parsvnath Developers, Krishna Estate Developers and Krishna InfraHomes, Concept Horizon Infra, Wave Megacity Centre and Unibera Developers to settle all the orders of possession and refund as early as possible. All the promoters were asked to submit proofs of their order compliances on the portal within two weeks' time. Abrar Ahmed, secretary, UP-RERA instructed the promoters to fill all the details of the compliances on the newly created 'Compliance Report' section on the dashboard of UP RERA's portal. ...
The Gujarat Real Estate Regulatory Authority (Gujarat RERA) has decided to deere launch its new website version which was scheduled to be rolled out on 01 August .“Considering the Covid-19 pandemic and representations from real estate developers’ associations, the authority has decided to defer implementation of the final version of the new portal till further orders,the state regulator said in its order issued on July 28. ...
Due to COVID 19 pandemic, Punjab RERA has adjourned all their hearing till August 17. All the hearings between July 15 and August 14 have been postponed till August 17 before various benches and adjudicating officers. ...
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. ...
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