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Guidelines for project registration in Karnataka
In an order dated 31 January 2019, The TSRERA has yet again extended the deadline for accepting an application for ongoing project registration till 15 February 2019 with a penalty of Rs 2,0,000.As per the Telangana state Real estate (Regulation and development act ) 2017 the projects which are approved on or after 01-01-2017 by the competent authorities till 31 August 2018 are required to register with TSRERA as an ongoing project. As per Section 3(1), it is mandatory for real estate projects to register with RERA before sale or marketing of the project. ...
In a recent complaint against Pacifica Aurum Villas project promoted by Sylvanus Builders and Developers Ltd in Pudupakkam on Vandalur-Kelambakkam Road, TN RERA directed DTCP to conduct further investigation and it was concluded that project was incomplete and seven villas were not developed. Moreover, construction for the 120 EWS units was yet to resume, contradicting the certificate issued by the structural engineer,” a TNRERA official said. The structural engineer for the project had certified that the project, with 378 villas and 120 units in the Economically Weaker Sections (EWS) block, had been completed as per the approved plan. TNRERA demands stringent action against the engineer. ...
According to RERA chairman Amarjit Singh, a total of 4691 projects have been approved since RERA implementation in Gujarat. These projects make up 85% of total projects that have applied.“In India, 34,000 projects have been approved by various state RERA authorities and Gujarat contributes a large number to this list of approved projects. In the last few months we have streamlined the approval process and typically we are able to give the developer the go-ahead within 30 days,” said Singh. ...
Several property developers have allegedly cheated homebuyers right under the nose of the (RERA) Karnataka, taking advantage of the system lacks a provision to verify claims on completion of projects. As per the rule, developers have to specify the date of completion when they register the project with RERA and need to update its status on the authority’s portal on or before the declared date. According to 191 claimed projects, only 40% of the work has done. ...
UP-Rera ordered a forensic audit of Concept Horizon Infra Pvt Ltd, a builder who has failed to deliver a mixed-use project, Orizzonte, located in Knowledge Park 3.The Builder responses explaining why it failed to pay assured returns to the buyers.UP-RERA asked Currie & Brown, to conduct an audit on where the investments of the buyers went as the builder seems to be in no position to complete the project. ...
Maharashtra government registered 20 complaints with the Goa Tribunal two months back, the Goa government has requested the Maharashtra Real Estate Regulatory Authority (MahaRERA) to hear cases on behalf of GoaRERA. Maharera has received 19,202 applications for new registration of projects, while 651 cases are registered with the appellate tribunal. Of these, 184 cases are being heard and orders have been issued in 177 cases. Maharera considers Goa’s request. But the Maharashtra government has to take the final decision. ...
The Real Estate Market in Karnataka is seeing a revival hard knock to ban high-value currency notes followed by GST And RERA. The Department of stamps and registration recorded nearly a 20% increase in revenue 2017-18.6,000 cr. Rupees collected and 10 lakh properties registered till December. The Market Has Moved out of the shadow of these Three ERA. After RERA the home buyers renewed optimism is steadily growing. ...
In a circular dated 15 Dec 2018, Telangana State RERA slaps the builders with Penalty of Rs 1,00,000. The penalty will be applicable for registration of ongoing projects, for which permission was taken from the competent authorities (civic body/municipality/UDAs etc) between January 1, 2017, and August 31, 2018, but were not registered by December 15, 2018. The date has been extended till 31st December 2018 for builders with a penalty of Rs 1,00,000. ...
In a circular dated 29.11.2018 RERA Telangana has decided to levy a penalty of Rs 50,000 for registration of ongoing project.TSRERA has decided to keep the process of registration of ongoing projects open till 07 December 2018 for which permission has been taken between 01-01-2017 to 31-08-2018 from the competent authorities.It also stated that it would not be appropriate to reject applications after the last date of November 30, TS RERA said after the application is filed by a promoter from December 1 to 7, RERA would communicate the same through a notice or email asking them to pay the online penalty for registration. ...
Under MAHARERA, 9000 RERA Registered units have been mapped with Geographical Information System(GIS) in MAHARERA. Rest of the projects will be mapped within two months.MAHARERA Secretary said Vasant Prabhu said “With GIS mapping giving a clear picture, the buyers cannot fool the homebuyers as latter will be assured of a transparent system. We have completed mapping of 9000 projects registered with us. We will complete mapping of the rest projects within two more months.” ...
Lt Governor Anil Baijal appointing retired IAS officer Vijay S Madan to the post of RERA Regulator. Till now, DDA chairman was appointed as an interim regulator. In a workshop organized by Housing and Urban Ministry, Baijal said “ I am glad to inform the ministry and the minister that yesterday we have appointed a whole time regulator”.Gyan Prakash Srivastava and Ramesh Chandra have been appointed as members of the regulatory authority. ...
TNRERA claimed that unauthorized layouts regularised under the regularisation of unapproved plot scheme will come under the purview of RERA. In a communication to the commissioner of town and country planning, TNRERA interim chairperson said all the layouts regularised by the former's department must be registered with the real estate regulator. "Hence, while approving the layouts under the layouts under the regularisation scheme, one clause advising the layout promoters to submit an application for registration with TNRERA to be added," the letter said. ...
After one year of RERA in India, there is no appellate tribunal in Rajasthan to hear the grievances of the buyers. According to an official, as the constitution of RERA, authority and appellate tribunal is under process and will start post-January only. The aggrieved buyers can register their complaints along with relevant documents at RERA.On the basis of the complaint, notices would be issued to the respondent. If no reply is filed, RERA can take immediate action. However, in a scenario where the reply is filed, both the parties will have to wait for a hearing date said a RERA official. ...
In a recent meeting of GOARERA, the committee decided to take up long pending cases against developers. Lorna Fernandes, a representative of consumer action network GOACAN said consumers under the old system are likely to raise their long-pending grievances. “There are a lot of people who have suffered in the past have cases pending consumer courts and before conciliation committee”. she said.Official agreed and Desh Prabhu Desai,president of the Confederation of Real Estate Developers Association of India,said small taluka committees could be formed to sort out the old pending cases. ...
The Maharashtra state Govt is planning to slash project registration from Rs 50,000 to Rs 10,000 as per the sources. Presently,the promoters are required to pay the registration fee along with the application for registration. While the fee is calculated on the basis of the area proposed to be developed at a rate of Rs 10 per square meter, existing rules state that a minimum of Rs 50,000 must be paid regardless of the plot size, while the maximum registration fee is Rs 10 lakh. The dilution will benefit construction projects being planned on small and medium-sized plots, said officials. “Developments of plots less than 5,000 sqm will benefit,” an official said. ...
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