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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. ...
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. ...
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 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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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). ...
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 ...
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. ...
The MAHARERA has ordered the developer of Marathon Nexzone project in Panvel to refund a sum of Rs. 86 lakhs and Rs.50.16 lakhs with 10.75% interest- a cumulative amount of two homebuyers as the developer has failed to give possession as promised in the agreement. Since the developer revised the possession date to December 31, 2020, and the homebuyers had a home loan, therefore, they sought to withdraw and seek a refund. ...
Although Section 4(2)(I)(D) clearly specifies that the 70% funds in separate account can be used only for construction, but to clarify thereon the MAHARERA Rules has made an amendment to specify that the developers can no longer claim expenses of Advertisements, promotions, all the marketing costs, etc. from the 70% amount. It can be claimed from the remaining 30%, which means that more money will be available for completion of housing projects. ...
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