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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. ...
Due to primary 2 reasons Mohali district tops in the RERA Registration of the real estate projects having 60% share with maximum no. of registrations at 447 out of the total of 747 registered projects till 16th August, 2019 in RERA Punjab followed by Ludhiana (13% share) and Patiala (5.75% share). Firstly the maximum no. of real estate projects is in Mohali district. Secondly, awareness among the Tricity customers is very high. Also due to exorbitant prices in Chandigarh, the buyers are turning to Mohali for their housing needs as it has all the required infrastructure and facilities of a tier-II city. ...
Even after 2 years of implementation of APRERA, developers continue to be less active. APRERA has over 300 RERA approved projects as the developer claims that unrealistic clauses in the Act have forced them to shy away from getting the mandatory approval from the RERA Authorities. Therefore due to inactiveness of developers APRERA has decided to take action against developers who do not fulfill RERA criteria. ...
Over unpaid arrears of RERA and laborers, UPRERA allegedly seized Rohtas building’s office in Lucknow, UPRERA. As per sub-divisional magistrate, the owner of the building is absconding. Due to non-recovery of arrears amount of Rs.63 Lakhs and Rs. 999,000 towards RERA and laborers respectively building has been seized. The stern action has been taken against the builders as even after issuing several notices this seizure has been done. ...
Out of the total 16 cases filed against the builders in the 8th Conciliation Forum meeting, UPRERA resolved 11 cases in its recent meeting. 10 cases which have been filed related to Supertech, 7 cases have been resolved and the rest complaints were related to APV Realty, Gaursons Promoters, Strategic Developers and Mahagun were too resolved. More than 600 conciliation requests have been received till date in the NCR Conciliation Forum. ...
Responding to the petition filed by Raheja developers challenging the order of NCLT to initiate insolvency proceedings on a petition filed by home-buyers, the NCLAT has directed the realty firm to settle its dispute with the home-buyers. NCLAT bench directed the IRP not to issue any public notice and also not to constitute a committee of creditors. Homebuyers are now considered as financial creditors under the IBC, 2016. The NCLAT directed to list the appeal filed by realty firm on September 3, 2019 for orders. ...
Over the alleged non-usage of External Development Charges, the HRERA claims that it will look into penalizing the Government in the near future for the same. HRERA Chairman agreed that currently, RERA is not a complete code to oversee the Indian Real Estate Sector. There are major defects which need to be sorted out like variations in the decision of state RERA Authorities has created a lot of confusion, Section 80 of the RERA Act, 2016 dealing with Cognizance of Offences need to be dealt with. ...
In order to avoid an overlap with the proceedings in the NCLT and other courts, UPRERA moved out of 2 stalled housing projects in Noida and also withheld 55 notices filed by homebuyers. UPRERA member said the limited powers granted to RERA needs a relook and few changes to make the regular more effective. If there is an overlap in a case where a project needs to be taken over and driven to the completion, the NCLT and other courts proceedings will prevail. ...
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