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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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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 fines have been imposed by authority. ...
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. ...
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. ...
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. ...
While giving a presentation at the international conference at I.I.M.T. University in New Delhi, the Chairman of MPRERA stressed on the use of ICT (Information Communication Technology) in the functioning of RERA and how its use has yielded good results in MPRERA. MPRERA is the first in the country to have developed software to promote the use of ICT in RERA works. The immediate results of the use of ICT in MPRERA are mainly the generation of MIS reports and easy availability of database helping in increasing business efficiency, reduction of corruption and transparency in the sector. ...
An audit of all the construction sites belonging to 3C Company has been initiated by UPRERA to see if construction work is in progress at the sites. This is an ongoing process begun by RERA to check whether construction timelines are being adhered to so that further action can be taken against them. The subsidiary company of 3C Company- Granite Gate (the firm behind the Lotus Panache, Boulevard, and Zing) is facing insolvency proceedings at the NCLT. ...
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