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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. ...
As per the TSRERA rules, projects which are approved on or after 01-01-2017 by the competent authorities are to be registered with TSRERA. The deadline to register the projects without penalty was 31.08.2018. TSRERA has one more time extended the date for accepting the application for registration of ongoing projects to 30 april 2019 with a penalty of Rs 3,00,000. If the builder does not agree to pay the penalty his application shall be processed as per the provisions of Section 5(1)(b) of the Real Estate Regulation and Development act 2016. ...
With the main aim to circumspect the separate accounts of developers and promoters, Uttar Pradesh Real Estate Regulatory Authority (UP- RERA) has issued notices to zonal heads of 42 Scheduled Bank along with the Director General, UP Directorate of Institutional Finance asking them to strictly comply with RERA Act. ...
As a repercussion of failing to file the mandatory quarterly progress reports over the last nine months, more than 300 promoters and developers have been fined by Gujarat Real Estate Regulatory Authority (GujRERA) across Gujarat. A fine of ₹50,000 has been levied by the authority on almost all the developers for non compliance with the Authority’s orders. ...
Troubled developer Supertech initiated the sales for four registered projects without due permission from the authority. As a repercussion, it has been issued a showcause notice by Haryana Real Estate Regulatory Authority( H-RERA). The developer is directed to respond to the notice within a week by the authority. Under sections 15(1) and 61 of the Real Estate (Regulation and Development) Act, 2016, a developer has to seek permission from the authority before it can start selling a project. ...
Real Estate Regulatory Authority (RERA), implemented with the ostensible purpose to bring about transparency in the real estate sector, is yet to consummate its goal. The body lacks adequate amount of bandwidth required to look over the details of over 19,000 registrations that were granted by the body in the state uptil now. The adjudicating officers themselves have powers to look at only certain sections of the act, while the main powers are bestowed only upon the members. ...
The vacant place of the chairman of Karnataka Real Estate Regulatory Authority (K-RERA) has been filled as MR Kamble, a retired IAS officer, has recently been appointed as the new chairman of K-RERA. K-RERA embodied a three member team who appointed the new chairman of the Real Estate Authority apart from setting up a tribunal with the high court judge as a part of it. ...
With the purpose of aiding the homebuyers and making the real estate sector more transparent, RERA laid its foundation in the state of Karnataka almost an year ago. Such a purpose has received a setback due to frequent transfers of officers rendering the authority toothless. The institution also lacks the mandatory authority comprising a chairman and two members. ...
Its been more than almost 1.5 years that RERA laid its foundation in the state of Punjab but only 5% of the real estate agents of the state have registered themselves with the authority. With the state having more than 30,000, only a minute section of 1,461 agents have been registered. However, RERA Act mandates all property agents to register themselves with the authority. Therefore, RERA-Punjab is all set to send notices to all the unregistered agents. ...
The developer Skyline Construction Co, part of the RNA Group has been directed by Maharashtra Real Estate Regulatory Authority (MahaRERA) to not only refund a sum of Rs. 1.06 crores but also 10.55 per cent interest and stamp duty of Rs 6.65 lakh to a renowned bollywood face, Vrajesh Hirjee for delayed possession of a flat in the RNA Exotica project in Goregaon. ...
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