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MAHARERA Chairperson announced a tie-up with the real estate association CREDAI for training workers in the MAHARERA registered sites in the state over 5 years. The chairperson is urging developers and contractors to get their workers registered with the state’s board of Building and Other Construction Workers (BOCW). It is not only for compliance, but there are several benefits of registration. As per the estimation, the number of 15 lakhs is certainly achievable. ...
Due to the collapse of the compound wall of Alcon Stylus which was a support to the open parking area killing over 15 construction workers living in makeshift shelters in an adjacent plot, structural defects can be claimed by the residents. The Act clarifies that the residents can claim damages for any structural defect within a period of 5 years from the date of handing over of the possession. It is the duty of the promoter to rectify such defects within 30 days or pay appropriate compensation irrespective of the registration period. ...
The accusations and nicknames like toothless tiger awarded to the RERA authorities have been proved wrong when it has initiated the process of auction of the clutch of properties belonging to Ravi Developers in Kandivali which will be carried out by the Suburban Collector’s office on August 6, 2019. The auction will give heart to thousands of home buyers who were not given timely possession of their apartments by the builders who were thereby paying EMI’s for housing loans for years beyond the date of possession. ...
According to the reliable sources, as on June 30, 2019 around 20,000 cases have been disposed off through prescribed grievances redressal mechanism under the provisions of the RERA Act, 2016. RERA provides proper protection to homebuyers, and the states were given powers by the law to notify their respective rules and appoint regulatory authorities. ...
Due to non-compliance of the terms and the conditions of the lease deed and the sanctioned plan, the UPRERA Authority issued SCN (Show cause notice) to the 3C Green Developers asking as to why the registration of the project Lotus Yardscape Phase-I in Noida be not revoked which is to be replied within 30 days. The 3C developers were trying to implement the project with the help of Prateek Group. Also, the builder had no intention to complete the project. ...
Phenomenal Projects, a Patna based Real estate firm has been imposed a penalty of Rs.25 lakhs under section 59 of the Act (negotiated 5% of the estimated cost of the project) by the RERA Bihar Authority for non-compliance of the provision of Section 3 of the RERA Act, 2016. The promoters had advertised the project without registering it with the RERA Authority. The firm has been given 60 days time to pay the penalty amount. ...
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. ...
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. ...
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. ...
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