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The Chairman of Uttar Pradesh’s Real Estate Regulatory Authority, Mukul Singhal, reported on Tuesday that the UP RERA Authority has received around 900 valid complaints and that they are being overlooked now. Mukul further said that the Authority started working on these complaints from 13th November and each of the complaints will be dissolved within a month and a half. Out of the total 900 complaints, more than 600 are regarding projects from the district of Gautam Buddha Nagar, UP. ...
According to survey and research by Liases Forras, the Non-Profit firm ‘Fight for RERA’ has reported that approximately 30% of under-construction flats are delayed by two or more years. Addition to that, nearly 62% of housing projects are running late. These surveys are for around 50 cities of the country. In Maharashtra itself, 5.3 lakh flats in ongoing projects are behind time. ...
In the recent ongoing RERA Case, the lawyers from both the ends have appealed the court to amend the provision which makes it mandatory for projects that have given possession but without an Occupation Certificate should be registered under RERA. Estimated by a lawyer, such projects are at least 50,000 in Maharashtra itself, and registration of them all under RERA will affect the working of the Authorities for under construction as well as new launch projects. The lawyers have further suggested that these cases should be overlooked under the MOFA (Maharashtra Ownership Flat Act). ...
The Real Estate Regulatory Authority of Rajasthan is set to act upon projects that have not provided complete details or documents in the registration application. The RERA Authority, Raj-RERA will send notices to these promoters, which are currently 200, and issue a final period of seven days to make the corrections, for which they’ll have to provide the complete documents or details along with the penalty payment. Otherwise, the project application will be rejected the registration and also the project will be stated ‘illegal’. ...
The Gujarat Real Estate Regulatory Authority, GujRERA, has registered a total of 673 projects since the implementation of the Act in the state. The final notification of RERA rules was given by the Urban Development Department on 29th October 2016. The registrations were started in May 2017. The Gujarat RERA Authority is headed by Dr. Manjula Subramaniam. In addition to this, the state RERA Authority has also registered around 280 real estate agents. ...
Abhay Singh Chautala, the leader of opposition party INLD in Haryana has recommended the current Chief Minister, Manohar Lal Khattar, to not elect ex-officials who have been in controversies surrounding land deals in Haryana for the post in RERA Authority. The Government of Haryana has already shortlisted four members for the posts of two chairpersons for RERA offices in Gurugram and Panchkula. These names have been picked by a special committee of a high court judge and principal secretary of Town and Country planning. ...
In a recent workshop at CREDAI Mangalore, the real estate developers have opposed the penalty provisions of the Karnataka RERA rules regarding the delays of projects. In case of unavoidable delays like late approvals of certain documents by government or water crisis that occurred the previous year, the construction was put on hold. All these factors were not taken into account while notifying the final rules of the Act. This forced the then ongoing projects to register with RERA from May, this year. Further, homebuyers can complain against any builder for delayed possession, which will result in additional penalties on the developers of the project. ...
The National President of CREDAI (The Confederation of Real Estate Developers Association of India), Mr. Jaxay Shah, has recently commended the efforts of Maharashtra Government as well as the Real Estate Regulatory Authority of Maharashtra, MahaRERA, for its timely implementation of the Real Estate Act while comparing the status of the Act in other states of the country. Addressing the ‘New India Summit’, he added to his comments that, while other state governments are taking long to implement the Act, Maharashtra has not faced any such problem since the beginning of the Act. ...
Over 5.5 lakh flats in Maharashtra has been delayed possession by the real estate developers. These figures were introduced by the Centre in Bombay High court in order to prove the need and validity of the Act. Around 10% of these flats are delayed by 5 years or more. The RERA Authority of Maharashtra, MahaRERA, has so far disposed of 110 complaints, majority of which have been against builders for delays in possession of flats. The few homebuyers of the state have also got compensations with the help of the RERA Authority. ...
The Real Estate Regulatory Authority of Jharkhand, which is responsible for RERA registrations in the state, has launched its official website this early week. The Authority will be processing applications of all promoters, projects and real estate agents received over the website and will provide the RERA Certificate within 30 days. The RERA Authority is currently headed by Shri Arun Kumar Singh, who is the Principal Secretary of Urban Development and Housing Department, Jharkhand. The Authority website also enables homebuyers to file complaints. ...
Speaking at a seminar in Indore, the Chairman of Madhya Pradesh Real Estate Regulatory Authority, Anthony De Sa, said that the advantage of RERA is not only limited to cases with registered projects, but RERA can also help homebuyers to fight against projects without registration with RERA. In favor of the Act, he further added that transparency and equal opportunity for all is the main objective of the Act, and its implementation ensures proper regulation. ...
In the recent hearing on Tuesday in the Bombay High Court for case filed against RERA, the senior counsel Shiraz Rustomjee, who was responsible for representing homebuyers in the Court said, ‘RERA as a regulatory body carries out administrative as well as legislative roles similar to the bodies like SEBI (Securities and Exchange Board of India), TRAI (Telecom Regulatory Authority, of India) and RBI (Reserve Bank of India). The Forum for People’s Collective Efforts, a non-profit company was present on Wednesday’s hearing in the High Court. ...
The Haryana Real Estate Regulatory Authority, H-RERA, has sent out notices to 140 builders of the state for not registering with RERA until now. The Authority has received around 600 applications for registration of ongoing projects for the entire state. Out of which only 340 projects have been granted their RERA certificate. The Authority of H-RERA does not have an operating website for registrations yet, which seems to be the main issue for builders in registering with the RERA Act. The registrations in the state are only offline where builders have to physically submit their documents in Panchkula, Haryana. ...
Bombay High Court bench on Monday stood in support of the validity of the Real Estate (Regulation and Development) Act by stating and clarifying some of the provisions of the Act to the developers who filed petitions against the Real Estate Act in Mumbai. In a petition filed against the provision of the Act stating the penalty for builders on missing the possession date, the Advocate General appointed said that the interests payable by builders will act as similar to the ones that homebuyers need to pay on the failure of payment of installments. Also, when a builder is unable to complete a project in future, the RERA Authority, for example, MahaRERA, will have the power to appoint a new builder in order to complete the project. The Bombay High Court was resuming the hearings on petitions filed against the RERA Act. ...
A couple of builders in Maharashtra agreed to change their project deadlines and pull them closer as to what was initially put while registering with the RERA Authority. Recently, in a complaint filed by buyers against a builder for a refund of the booking amount due to the completion being too long, the builder agreed to bring the completion closer. The promoter of project ‘Ektaworld’ was directed to change the completion deadline from 30 June 2020 to 31 October 2018. In a similar case, the promoter of the project Neptune Eleve was directed to change the possession date from 31 December 2025 to 31 December 2020. ...
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