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99% of the cases filed in GUJRERA settled by the builders

Thursday 11th July 2019

Between July 2018 and till now the GUJRERA Authority has heard and disposed of 220 cases filed by the homebuyers under section 31 of the RERA Act, 2016. Surprisingly, out of 220 cases, there is just one case, which has been found on which the GUJRERA Authority has levied a penalty of Rs.5000, otherwise, the rest 219 cases were settled by the mutual consent of both the parties before the issuance of the final order. ...

RERA Bihar Appellate Tribunal to be live soon

Wednesday 10th July 2019

The Chairman of the RERA Bihar declared that the official functioning of the Appellate Tribunal of RERA in Bihar will start within the next 20 days where the unsatisfied builders or real estate buyers can appeal to the tribunal. Also, the accounts and finance team of RERA will now keep a tab on the accounts of builders to ensure that all the money invested by the consumers is being used for that project only. ...

MPRERA freezes bank account of SVS Buildconâ€™s project

Thursday 4th July 2019

To protect the interests of homebuyers, MPRERA has recently decided to suspend the registration of Uni Homes project by SVS Buildcon and ban and freeze the bank accounts. The RERA Authority has banned the registration of sales letters and has recognized the project as invalid. Despite many reminders issued to the project to submit the reports, it has turned deaf ears to the notices. ...

9 developers were served notices by the RERA Rajasthan

Thursday 4th July 2019

For allegedly violating the norms the authority canceled the registration of one project while issuing SCN (Show cause notices) to others for advertising their projects without getting registered under the RAJRERA. After examining that the land does not belong to the promoter allegedly claiming that the land belongs to him, the RAJRERA canceled the registration. The developers have issued notices u/s 35 (1) of the RERA Act, 2016 to advertise without registration for which seven days are given to explain their action. ...

TSRERA to soon launch Grievance Redressal Mechanism

Tuesday 2nd July 2019

Still lacking behind in launching Complaint section on its website, TSRERA is now getting ready to start Consumer Grievance Redressal Mechanism from July by forming 10 member body comprising of representatives of the industry and residents welfare associations. For the time being, they are accepting written complaints until an online mechanism to register grievances becomes operational. ...

GUJRERA issued first warrant against Vadodra builder

Friday 28th June 2019

GUJRERA issued the warrant on June 12, 2019 to the Vadodara District Collector to recover 28.27 lakhs from a builder, Kalpesh Raiyani for not giving possession of a flat he promised to his customer in his scheme Dove Deck project on Ajwa Road. On October 29, 2018, the GUJRERA has ordered the builder to return the money with 8.45% interest. The builder was also asked to pay Rs.30,000 extra towards compensation. The builder did not honor the authority’s order and hence recovery warrant has been issued. ...

Official Delhi RERA Portal launched

Thursday 27th June 2019

Although previously the portal for Delhi RERA existed, the main activities were carried out through Offline mode only. Therefore to promote transparency and accountability in the Real Estate Sector, the Lt. Governor Anil Baijal announced the launch of the official portal of RERA in the state (https://rera.delhi.gov.in). Soon to have features of Interactive Forum for knowledge sharing with other RERA’s. ...

Petition filed against qualification of GUJRERA members

Wednesday 26th June 2019

The Petitioner Title Investigators & Conveyancing Advocates’ Bar Association has challenged the appointment of the chairman and members of the authority claiming that the required qualifications were not considered while appointing the Chairman and Members of GUJRERA. They have also challenged the Circular issued on May 23, 2019 about the format of the ‘Agreement to Sell’ for real estate projects. The next hearing is due on July 8, 2019 to decide the matter. ...

A plan to setup common platform for RERA of all states

Wednesday 26th June 2019

In order to make RERA “more strong,” the Centre has planned to setup a common online platform for the RERA of all states and UT’s. Through an online platform, any state RERA can study an order of other states in a particular matter. Also, homebuyers and builders can give their views on the issue. As per the norms of Pradhan Mantri Awas Yojana (Urban), home-buyers will not be able to avail Credit Linked Subsidy Scheme (CLSS) under the mission if real estate project is not registered under RERA. Under PMAY (U), home-buyers can avail an interest subsidy of upto 2.67 lakh. ...

RSC reports 262 illegal projects to UPRERA

Tuesday 25th June 2019

Satellite images took by the Remote Sensing Centre (RSC) on the directions of UPRERA revealed that there are 262 illegal projects on the outskirts of Lucknow for which no records were found in LDA or Zila Panchayat. About 106 projects in Zone-1( Sitapur-Faizabad road), 85 in Zone-2 (Faizabad- Rae-Bareli Road) and 71 in Zone-3 (Rae- Bareli- Sitapur Road). After obtaining a detailed report from RSC, actions will be taken by the local authorities. ...

UPRERA fines Ansals Rs. 1 crore

Tuesday 25th June 2019

Due to certain conditions imposed on Ansal API in October, 2018 for transfer of assets, no sale or mortgage by UPRERA, non- compliance of which has imposed Rs. 1 crore fine on them for which they have been given a month’s time to deposit. The UPRERA has also ordered the builder to investor’s money in the designated escrow accounts of the project. However, the decision to de-register Ansal’s projects has been deferred until the payment of the fine. ...

Homebuyers not able to get compensation under Karnataka RERA

Monday 24th June 2019

Lacking the powers to enforce the orders RERA has referred the cases to Deputy Commissioners (DC )of districts asking them to auction properties of defaulter developers and pay out compensation. RERA has referred many cases to DC where the compensation ranges from Rs. 2 lakhs to Rs. 1.5 crores. Frustrated over the delay some consumers have compromised with builders and some of the cases have been settled without any compensation. ...

Public body selling land to builders cannot be made co-promoter in MAHARERA

Thursday 20th June 2019

After receiving complaints from Navi Mumbai builders who are members of CREDAI- MCHI (Raigad) the MAHARERA order clarified that the City and Industrial Development Corporation (Cidco) cannot be made a co-promoter when it has sold the land to the builders in which off-site infrastructure around the plot is not mandated to be done by Cidco. In otherwise case, the builder can include Cidco as a promoter (land-owner). ...

UPRERA calls actual buyers of Unnati Fortuneâ€™s project

Wednesday 19th June 2019

Invoked by Section 7 of the RERA Act, 2016 to step-in and facilitate completion of abandoned projects the UPRERA Authority has initiated the process by calling out actual owners of flats to weed out multiple allottees. Initially, it was difficult to know about the true buyers, but the fresh registration of all the buyers would help for the same. The developer of this 1500 crore project has left the country for which a new developer has been chosen by the buyers to complete their project ...

MAHARERA penalised the developer for over Rs.1 crore

Tuesday 18th June 2019

An ex-parte order was passed by MAHARERA’s Pune bench directing the realty company Yemul and Sancheti Associates to pay over Rs.1 crore along with the accrued interest to petitioner Manjusha Bhusari to whom he owed a flat for which the land was acquired by him for Rs. 3.75 crore and only Rs.25 lakhs had been paid so far to the owner. Neither had he completed the construction nor has he given some more amount of consideration. ...

99% of the cases filed in GUJRERA settled by the builders

RERA Bihar Appellate Tribunal to be live soon

MPRERA freezes bank account of SVS Buildconâ€™s project

9 developers were served notices by the RERA Rajasthan

TSRERA to soon launch Grievance Redressal Mechanism

GUJRERA issued first warrant against Vadodra builder

Official Delhi RERA Portal launched

Petition filed against qualification of GUJRERA members

A plan to setup common platform for RERA of all states

RSC reports 262 illegal projects to UPRERA

UPRERA fines Ansals Rs. 1 crore

Homebuyers not able to get compensation under Karnataka RERA

Public body selling land to builders cannot be made co-promoter in MAHARERA

UPRERA calls actual buyers of Unnati Fortuneâ€™s project

MAHARERA penalised the developer for over Rs.1 crore

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