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Replying to a query in Lok Sabha over maintaining information related to real estate projects in any States or Union Territories, Minister of State for Housing and Urban Affairs, Hardeep Singh Puri said, “The Ministry does not maintain information about various housing projects of any state or UT. As per provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA), the concerned state is required to publish and maintain a website of records for public viewing of relevant details." RERA was implemented by the Indian government in 2016 to streamline the way of doing business in the real estate sector. According to the RERA rules, developers should register their real estate projects with the Real Estate Regulatory Authority of the state where the project is being developed whereas the RERA rules direct real estate agents to register themselves in order to carry out any business in the said sector. Click Here to check your RERA related knowledge. ...
The Bihar Real Estate Regulatory Authority has sent notices to 16 errant realty developers for not complying with Section 3 of the Real Estate (Regulation & Development) Act 2016. According to Rajiva Bhushan Sinha, Member, Bihar RERA, the authority has issued notices to real estate developers advertising their ongoing projects, entering into an agreement with customers, accepting advance money from them and completing the projects hastily without registering them with the RERA. Also Read - RERA Bihar – Builders must display project details at the construction sites This is a violation of section 3 of the RERA rules thus the authority has asked the defaulting builders to register their projects with RERA with a late fee of Rs 4 lakh or 400% of the registration fee, whichever is higher before July 31, 2018, he added. Click here to register your projects with Bihar RERA. ...
Telangana government is all set to implement the rules for Real Estate (Regulation & Development) Act in the state. The construction work for setting the office for the Telangana Real Estate Regulatory Authority at AC Guards in Hyderabad is nearing completion. According to the sources, the government will appoint senior officials and realty experts as permanent regulatory authority and RERA members respectively before implementing full-fledged RERA rules. As of now the Revenue Department has developed a beta version of Telangana RERA website and will soon launch the operational one which will ease the process of RERA registration of projects & agents and filing online complaints Click here to read interesting RERA related blogs. ...
Haryana Real Estate Regulatory Authority has warned the builders of strict actions if they fail to fulfill the promise made to home buyers. While addressing an interactive session with the members of industry body PHDCCI, Haryana RERA chairman, K K Khandelwal said that the builders can stay away from the RERA defaulters’ list only when they fulfill all the promises made to the buyers in their brochures. Appreciating the introduction of RERA, PHDCCI President Anil Khaitan said that this reform will change the face of realty sector and the real estate market will reach record breaking heights in the nearest future. Click here to get your projects registered with RERA today. ...
The Bihar Real Estate Regulatory has uploaded a notice on the official website of Bihar RERA directing all the real estate builders to display certain details related to the project at the site of construction. According to the notice, the promoters/developers/builders of all real estate projects be it residential, commercial, mixed or plotted development, shall display name of the project name of the promoter/developer/builder of the project, RERA registration number or the application number through which application for registration has been submitted to the authority (if RERA registration is not yet done), website address of RERA Bihar, names of the registered real estate agent along with their RERA registration number ( company or individuals), the date of commencement of the project and proposed date of completion of the project, prominently at the sites of construction of the Project on a large notice board/hoarding having minimum size of 6 by 6 feet. The notice further states that the information should also be displayed at the corporate office, registered office, branch or sales offices of the promoters/developers/builders appropriately and prominently in respect of all real estate projects undertaken by them. Click here to know how to register your real estate project with RERA Bihar. ...
Clarifying the doubt over the purview of RERA, KK Khandelwal, Chairman of Haryana RERA’s Gurugram bench said that irrespective of the date of completion and issuance of completion certificate before 1st May 2017, the Real Estate (Regulation & Development) Act applies to all realty projects. In other words, an aggrieved real estate buyer can approach Haryana RERA with complaints related to old projects too. Earlier, developers of projects which have got completion certificate before 1st May 2017 were given clean chit by the regulatory authority as the rules mentioned that such projects will not come under the radar of RERA. Also Read - RERA Bihar - No registration of on-going projects without RERA number ...
In order to prohibit builders to pass on the ownership to the buyers by registering the incomplete projects with the registration department, Bihar Real Estate Regulatory Authority (RERA) has asked the state registration department not to register any ongoing projects without RERA registration number. According to Afzal Amanullah, Bihar RERA Chairman “The registration of incomplete flats or apartments put the real estate buyers in a very disadvantaged position as the developers refuse to complete their obligations once the registration was done. Therefore, we have requested the registration department not to register incomplete projects and the projects which don’t have RERA number.” July 31st, 2018 is the last date to register ongoing projects with RERA Bihar with a late fee of Rs. 4 lakh or 400% of the registration fee, whichever is higher. Click here to get free assistance on registering real estate projects with RERA in Bihar. ...
Karnataka Urban development and housing department have issued notices to the developers of real estate projects which are not registered with Karnataka Real Estate Regulatory Authority (RERA). According to Karnataka Urban development and housing minister U T Khader, the government is planning to blacklist the projects of those developers who have not given satisfactory reply for the notice issued to them. RERA has received a total of 572 complaints against realtors for violating RERA rules, of which 221 are disposed of, he added. Contact us today to comply with RERA Karnataka rules. ...
From 1st August, aggrieved real estate buyers can file and track the status of their complaints with Maharashtra Real Estate Regulatory Authority (MahaRERA) right on its official website. The decision to digitize RERA complaint filing and tracking was taken after several meetings between RERA authority and relevant stakeholders. Furthermore, complainants are not required to submit the hard copies of the documents required for filing complaints. Instead, they can upload the same on the website itself. Also, the 60-day time frame of redressal of the complaint will commence the moment a complainant registers the complaint on the website and uploads the required documents. According to MahaRERA secretary Vasant Prabhu, the complaints against unregistered projects can also be filed and tracked by visiting MahaRERA website after verifying complainant’s mobile number. Also, the notices will now be sent to the builders’ mobile number registered with MahaRERA. These changes are carried out to inline the standard operating procedure for handling complaints and to simplify the process for both complainants and realtors. ...
The real estate regulatory body of Goa has issued show cause notice to two developers for promoting their project without RERA Registration number. The action has been taken on a complaint filed by Kashinath shetye against the builder. The notice stated that “if no reply is received within the stipulated time or reply given is not satisfactory action as deemed fit as per the provisions of the act will be initiated against you.” ...
HDFC ERGO launched its first ever title insurance policies on Tuesday making them India’s first Title Insurance Policies. Title insurance refers to insurance for the title of a real estate property and is mandatory according to the Real Estate (Regulation and Development) Act 2016, or RERA. This specialty insurance product provides indemnity to property developers and the subsequent owners of the property against losses and risks related to defects in property title arising out of third party challenges not discovered before the commencement date of the policy. ...
T mithra, who is now the additional secretary of the department, has been appointed as the new interim authority by the local self government (LGG) department. The move gives clear hints that the state may have to wait to get a fullfledged regulatory authority. Kerala is one of the eight states in the country that has failed to notify the real estate regulation rules on time and establish a web portal and the decision to have an interim body was in the wake of increase in complaints and litigations in the absence of a regulatory authority. ...
Mumbai Grahak Panchayat (MGP), a city based consumer body urged MahaRERA to bring property portals under its purview that’ll add to further increase in transparency and accountability in the real estate sector. In a letter to MahaRera chief Gautam Chatterjee, MGP said, "Real estate web portal companies operating in Maharashtra have to be treated as 'real estate agent' under Rera." It has also sought registration of such portals under MahaRera in the next 60 days. ...
Ghaziabad Development Authority(GDA) got a notice from UP Real Estate Regulatory Authority since it has failed to update projects on RERA website. The notice has asked GDA to complete the task of updating the projects by 6 July,2018. Crossing the given limit, GDA will be liable to harsh penalties. According to RERA rules, all development agencies and private builders are required to update their projects under RERA. But the GDA has failed to update the projects since May this year. ...
To empower citizens and aid them futher, Maharashtra Real Estate Regulatory Authority (MahaRERA) mapped 4500 projects out of a total of 16000 registered projects with Geographical Information System (GIS). This will enable the citizens to find minute details of homes of their choice just by selecting the option “view on map” on its website. ...
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