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The fee for filing complaints with the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has been hiked. According to a circular on Tuesday, Rs 1,600 should be paid for filing complaints with the authority under Section 31 of the Real Estate (Regulation and Development) Act, 2016 wherein Rs. 1000 is the actual fee and Rs. 600 is the postage charge that has to be submitted online. The fee revision comes into immediate effect. ...
India’s youngest state, Telangana is all set to implement RERA (Real Estate (Regulation and Development) Act) within the fortnight. Triumphant testing of the T-RERA web portal powered by Mahaonline is almost complete and the registrations will begin by July 1. Mahaonline is a joint venture of the government of Maharashtra and India's largest information technology firm, Tata Consultancy Services (TCS). Once registrations under RERA officially begin, Telangana will become the 14th state in the country to have a functional web portal for project registration. ...
The chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA), Gautam Chatterjee, is all set make title insurance obligatory for registered developers. This comes after insurance companies express interest in providing title insurance for the real estate projects. Though the RERA had made land title insurance mandatory for developers, the state unit was not able to implement the clause right away as there was no insurance player in the market providing such a cover. With that changing, Chatterjee has sought a detailed proposal and will soon announce an implementation date. ...
To ensure better construction quality, for the first time MahaRERA will provide skilled labour training certification. The authority will certify trainers to train workers for the real estate industry. The training will help the labour force deliver projects of better quality, which will eventually be graded wherein consumers can access the grades given to the projects on the MahaRERA website. ...
Andhra Pradesh has finally launched its official RERA website for RERA registrations after almost an year of being notified. The website got an overall 49 applications for RERA registrations out of which only 8 projects have been approved by the regulatory authority and rest are still under surveillance. ...
The Bombay High Court on Monday asked the state to explain what regulatory mechanism it proposes to ensure that complaints from buyers in unregistered real estate projects are adjudicated. The high court directed the state to file its reply to a petition that has challenged lack of a policy to deal with conflicts that arise between buyers and builders in cases where developers have not registered their projects under the Real estate Regulation and Development Act of 2016. ...
The Maharashtra Real Estate Regulatory Authority (mahaRERA) has in the last two months issued recovery warrants against developers who failed to comply with its orders to refund home buyers under Section 40(1) of Real Estate (Regulation and Development) Act. MahaRERA adjudicating Officer BD Kapadnis stated that “Despite the notice, respondents have not appeared to explain why the order has not been complied with. So, it is necessary to issue recovery warrant under section 40(1) of RERA instead of proceeding under Section 63 of the Act. Hence, the recovery warrant is issued and it is being sent to the Collector,” ...
A team from centre will soon be sent to West Bengal to persuade the government to switch over to the Real Estate Regulatory Act (RERA) to protect home buyers' interest. Recently, the Mamta Banerjee Govt. brought her own Real Estate Act, HIRA (Housing Industry Regulation Act) superseding the central govt.’s RERA wherein it diluted RERA and brought in its own act. ...
Ten housing projects outside the purview of the Chennai Metropolitan Area (CMA), which were exempted by the directorate of town and country planning (DTCP) from registration under the Real Estate Act last year, would face the repercussions for not delivering apartments to buyers in time. Following a complaint from a homebuyer, The Tamil Nadu Real Estate regulatory Authority (TNRERA) has issued a notice to one such developer on OMR for not completing the constructions leaving the consumers in a state of perplexity. ...
The complaint of a promoter regarding the cancellation of agreement for not receiving the balance amount of the total cost of the flat from the developer was dismissed by The Maharashtra Real Estate Regulatory Authority (MahaRERA). The complainant sought cancellation of the agreement as the developer had failed to refund the amount paid in respect of the said flat and claimed a refund of Rs. 45 lakh from the developers along with the cancellation of the agreement. After hearing the arguments of both the parties, the bench inferred that the developers had paid over 90 per cent of the money to the complainant towards the cost of the said flat. The bench also stated that the agreement for sale drafted by the developer does not carry any schedule of payment as required by the model agreement prescribed under the Act and Rules. Hence, the complainant could not seek cancellation of the registered agreement by invoking the convenient clause in the agreement. The bench thereby dismissed the complaint filed by the promoter. ...
A national consumer rights’ forum in housing that was part of the consultative process for the Real Estate (Regulation & Development) Act, 2016 (RERA), has decided to move the Central Advisory Council on RERA for repealing the WEST BENGAL Housing Industry Regulation Act, 2017 (HIRA). According to the forum, the introduction of HIRA throws away the very objective of ushering transparency into the housing sector that was brought by RERA. HIRA has obliterated the clarity of RERA and made the clause on force majeure vague. This defeats the very purpose of the act. One of the main reasons behind the enactment of RERA was to ensure that developers complete and hand over projects on time instead of making excuses for non-compliance to delivery schedules. ...
The Kerala government will soon notify fresh RERA rules across considering the primary objective provisioned under RERA to safeguard homebuyers from errant real estate developers, the state government is expected to announce fresh rules and regulations under the act very soon. According to KT Jaleel , local self government minister the new RERA rules would be based on the central RERA Act. Recently, the state government had appointed an interim chairman of the authority. However, no other members have been appointed yet, leaving the authority toothless. ...
The Centre’s target to bring all new and ongoing real estate projects under Real Estate (Regulation and Development) Act (RERA) has received a setback as West Bengal government has notified its own law for the sector in the state which favours the developers. There are two major dilutions of RERA in the new laws. The first is on unforeseen circumstances that prevent a builder from fulfilling his contract. RERA says the circumstances could be war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature where HIRA makes an addition to the clause “...or any other circumstances as may be prescribed.” The second deviation is on garages. While RERA requires a roof and walls on three sides, HIRA has removed the clause altogether and defined garage as any parking space sanctioned by the government authority. ...
RERA( Real Estate Regulation Authority) chairman Afzal Amanullah claimed that the building projects not registered under Real Estate (Regulation and Development) Act, 2016 till June 30 deadline will be blacklisted. He further stated that builders and promoters have been given the last opportunity to register their projects under the Act by June 30 with late fee of Rs. 3 lakh or 300% of the registration amount, whichever is higher. RERA member Rajiva Bhushan Sinha said the list of blacklisted firm would be circulated to all RERAs in India so that they would not be able to form a company in any part of the country. ...
The RERA Bihar has given builders another extension, asking them to register their projects by the end of this month. "We have given this extension as the last opportunity for builders and developers to register their ongoing projects with a hope that compliance rate would increase," RERA Bihar member R.B. Singh said. He said registration application for 376 ongoing projects had been received at the authority end till May 31 and a sum of around Rs 1 crore had been collected a registration fee. "On the last day of the extended deadline, we got at least 50 applications," Sinha said."There is a provision of imposing fine up to 10 per cent of the total project cost on builders who do not register their ongoing project with the authority. We hope the builders will not let such a situation arise and will get themselves registered during this extended period," Sinha said. ...
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