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After many strict warnings served almost 3 months ago to Unnati Fortune’s Aranya, located in Noida Sector-119, regarding financial irregularities and funds diversion by it, the de-registration order was served based upon the information collected, inspections made of the site, complaints registered with UP-RERA and non-compliance of the provisions of the RERA Act. The order de-registered Aranya phases 3, 4 and 5 under section 7 of the RERA Act on the project which is valued over Rs.1500 crore. This step is serving as a warning to other builders as well. ...
Another RERA battle awaits homebuyers due to non-execution of RERA orders passed. Several RERA orders passed which favored homebuyers have not been executed. The wait continues for them even after 3 years of RERA. Although provisions are there for non-execution of orders passed which states that the District Magistrate shall recover the dues as arrears of land revenue. The money so recovered is deposited in RERA Account and from there it is transferred to the beneficiaries of the RERA Order. ...
According to reliable sources, only 16 Real estate projects have been registered under RERA in the National Capital and against which 72 complaints have been received against the builders. Out of 72 complaints, the authority has resolved 24 complaints till last week. Such shocking data has been observed in the capital of the country. ...
To aid early resolutions for stuck projects some industry experts and realtors are demanding a permanent bench of RERA for Indore so that speedy redressal of disputes becomes possible as there is only one RERA team visiting Indore thrice a month for the hearings. An anonymous member of CREDAI, also complaining that RERA is only penalizing builders, it should extend its scope to help builders in getting funds so that early completion of projects is possible. ...
Despite the RERA Act, 2016 imposed by the parliament in May 2016, Kerala is among the few states in the country which has not established the RERA Authority and Appellate Tribunal under the Act. According to the sources it is likely to notify the RERA Authority soon after the declaration of election results. Although in 2018, it had set up an interim authority the system has remained more or less dysfunctional with no registrations or complaints received. ...
Even though the buyers had paid 90% of the amount, the construction is only 45-50% complete in Ansal Highland Park project in Sector 103 of Gurugram. The construction work has not seen any progress in the last six months as a consequence of which more than 600 homebuyers are bearing financial difficulties of paying high rent, EMI on housing loan and legal fees battle against the developer. To save their hard earned money the homebuyers association filed a case in HRERA, Gurugram. ...
After receiving many complaints regarding fake structurally completed projects near Chennai that were previously exempted from TNRERA due to section 2h(iii) of the rules which covered the areas under the Directorate of Town and Country Planning (DTCP), an order has clearly given the right to the authority to take complaints and issue notices to developers even for structurally completed projects that are still delaying the delivery of the apartments. They misused the section to not register with the TNRERA. ...
After many cases observed where the developers were tending to push ahead of the deadlines of possession date in order to avoid penal proceedings, MAHARERA passed an order instructing the developers to set feasible and realistic deadlines depending on the work and timeline. It has clearly mentioned that the developers won’t be able to change possession dates without putting up a notice on the MAHARERA Website unless there is some national calamity or pressing situation. ...
Due to 1000 complaints received with respect to projects and promoters outside the planning area, the UP-RERA has directed the local authorities to start the registration of the projects. Using the power of Section 3 of the RERA Act it can direct any promoter to register a project which is even outside the planning area in order to protect the interests of the buyers. It has clarified that a project can be registered in RERA only if the layout of the plan has been approved by the concerned local authority. ...
Amongst the three RERA centers in the state, Indore gets highest no. of complaints from customers, followed by Gwalior and Jabalpur. In the past two months, Indore has shown good signs where cases have dropped significantly from over 100 to just 60 per hearing. As they are getting resolved gradually, new complaints are very few indicating increased compliance resulting in fewer grievances from the customers. ...
The jurisdiction of the MAHARERA Authority is not lost just because of the receipt of the Occupancy Certificate or on completion of the project or when the possession is offered. The RERA provisions are applicable to agreements executed even before its effectiveness and also the authority can adjudicate despite an arbitration clause in the agreement. The ruling came when MAHARERA ruled in the favour of the homebuyer directing the developer L&T Ltd. to pay Simple Interest at 10.75% on Rs.4.69 crore from October 1, 2017, for delayed possession. ...
UP-RERA has estimated that there could be 100 abandoned projects which have been left midway by the builders and have exceeded their completion date. It will soon work out to adopt them and resolve their fates. Also, around 300 projects have dodged UP-RERA registration which will soon get notices for the Imposition of Fine @10% of the project cost ...
To ensure Security for the Registered Housing Projects, RERA has notified Fire Safety Norms which needs to be followed by the developers. As per the rules, building taller than 15 meters should obtain a No Objection Certificate (NOC) from the fire department whereas those below 15 meters should obtain NOC from the Greater Hyderabad Municipal Corporation. Most of the projects which are registered with Telangana RERA have not obtained NOC’s from the fire department. ...
Brimming with an unprecedented number of complaints by homebuyers, Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) opened its 3rd bench in Greater Noida to hear those complaints. According to UP-RERA members, nearly 25 complaints are registered on a regular basis along with an approximate hearing of about 100-150 cases regularly. As the complaint portal was brimming with complaints, the authority couldn’t sustain on two benches, as a result it opened the third bench for efficiency and effectiveness. ...
A committee has been devised by UP-RERA to superintend funds and construction activity in Intellicity Business Park situated in Greater Noida. R.D. Paliwal, UP-RERA conciliator has been appointed as the chairman of the committee. Promoters of the company i.e. Manoj Kumar Choudhary, Anil Ram Sutar, Vikas Bhagat and six home buyers will also be part of the committee. ...
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