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Karnataka RERA concludes first complaint, builder to refund booking amount of Rs 9 lacs to buyer

Saturday 28th October 2017

The Real Estate Regulatory Authority of Karnataka has recently issued the first judgment on one of the complaints filed by a homebuyer against a builder for refund of the booking amount. The Authority on hearing both the builder as well as the complainant, disposed of the complaint as both the parties agreed to settle the dispute amicably. The builder accepted to refund the booking amount of Rs 9 lacs to the buyer. The Authority, in the notice, also informed that they are following up on complaints that are filed to them and will soon start to dispose them as well.  ...

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RERA rules to appoint Regulatory Authority notified in Goa

Friday 27th October 2017

The State Government of Goa has notified the rules for the Real Estate (Regulatory and Development) Act to form the RERA Authority for carrying registrations in the state. There had been a lot of hurdles in notifying the provisions of the Act as the builders and buyers were both worried about the modification of the Act to favor one or the other community. These rules, notified on Thursday, 26 October 2017 empower the state government for the formation of the Authority so as to proceed with the registrations of promoters as well as agents.  However, the final RERA rules for the state are yet to be notified by the state. The rera deadline has now been set at December 31, 2017, against the previous one of 31 October.   ...

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Slow pace of Karnataka RERA Authority is a big issue for real estate developers

Friday 27th October 2017

The Karnataka Real Estate Regulatory Authority, responsible for RERA registration all over the state has been remarkably slow in its operations since the implementation of the Act. This has rose to be a big problem for the real estate developers of the state as the Authority is taking too long to issue rera certificates to promoters as well as agents.  In some of the cases, the Authority has taken more than 30 days to produce the certificate, which violates the provisions of the RERA Act to provide RERA certificates within 30 days of application. Out of a total of 1,600 applications, the Authority has only registered 600 projects until now.  ...

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Minister of Housing agrees with dilution of RERA rules by states

Thursday 26th October 2017

Hardeep Singh Puri, Minister of State (Independent Charge) in the Ministry of Housing and Urban Affairs, in a recent interview addressed the status of RERA in the country. Talking about the real estate Act, he said that this has been the first Act of its kind where the country has got a regulator for the real estate sector in all respective states. The dilution of the Act by few states is being looked upon by the ministry and will soon act upon the same. The minister also gave remarks on how the Prime Minister, Narendra Modi has contributed to the Indian Real Estate with his schemes like Housing For All, Pradhan Mantri Awaas Yojna and smart cities.  ...

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RERA Authorities should direct all builders of delayed projects to pay interest to allottees at once

Thursday 26th October 2017

The Mumbai Grahak Panchayat in a recent letter written to the Maharashtra RERA Authority, MahaRERA, has demanded that the Authority should order builders of projects with delayed possession to pay interests to all the allottees. The representative from MGP said that the intent of introducing RERA was to penalize such developers without causing further troubles to the homebuyers. Whereas, since the implementation of the Act, homebuyers have been approaching the Authority individually by complaining against such builders. The Maharashtra RERA Authority has received more than 1300 complaints and most of the complaints seem to be from homebuyers struggling to get possession of their homes.  ...

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Buyers in Uttar Pradesh protest against builder for delaying possession

Wednesday 25th October 2017

The Allottees of the project Sushant Golf City in Lucknow protested against the builder, Ansal Properties and Infrastructure Limited over the delayed delivery of the project. The project has been under construction for around last 10 years and is still incomplete. As the project was ongoing, it had to register with RERA this year and while registering with the Authority, the builder seeks 8 more years for completion, which made all the buyers furious. Notably, this was not the first protest against the builder and its project. Numbers of investors have protested against Ansal API over the years for delays. While protesting at the builder’s office in Lucknow, the allottees demanded of early delivery of the project and also seek interference from the RERA Authority of Uttar Pradesh.  ...

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Homebuyers group seeks help from PM Modi regarding delays in projects

Monday 23rd October 2017

A nationwide homebuyers group has urged for intervention from PM Narendra Modi to prevent buyers from paying loan EMIs for projects that are delayed. The group wrote the letter to the Prime Minister addressing the issue which concerns all buyers throughout the country who have bought homes with loans. There have been a lot of cases where builders had delayed the projects, which caused the buyers to continuously pay the loan EMIs to the banks until the final delivery of the project. The Homebuyers Association has advised the PM to stop banks from collecting the EMIs from buyers whose projects have been delayed, and make the builders stand responsible.  ...

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Flat handover delay cases on a rise in Maharashtra, number of complaints to the Authority crosses 1300!

Wednesday 18th October 2017

Homebuyers in Maharashtra are furious as numbers of delays of flats by the builders are increasing day by day. With the help of RERA, the buyers are able to complain to the Authority, where complaints will be disposed within 60 days, but there are also cases where builders have not yet registered with RERA, which unable the homebuyers to complain against such builders. The Authority of MahaRERA has also disposed of some complaints where buyers have been favored heavily. This has encouraged other homebuyers to file complaints to the Authority as well.   ...

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Government further extends RERA deadline to December 31 in Goa

Tuesday 17th October 2017

Due to the complications in notification of final rules of the Real Estate (Regulatory and Development) Act, the registration deadline in Goa has been further dragged to 31st December 2017. This is the second time that RERA deadline has been extended by the government, first being shifted to 31st October 2017. The builders of the state are furious as due to the Act’s provisions, they are not allowed to advertise their projects unless registered. The real estate agents are also restricted from dealing in projects that are not yet registered with RERA. According to the RERA Act, the original deadline for registrations was set at 31st July 2017.  ...

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Maharashtra state government can amend RERA rules to benefit buyers

Tuesday 17th October 2017

Prakash Mehta, the State Cabinet Minister for Housing Department has recently said that the state can amend the rules of the Real Estate (Regulatory and Development) Act if the builders as well homebuyers insist on doing so. He further added that certain provisions of the Act can be modified or changed to make it more favorable to the homebuyers. In the past, there have been some buyer associations complaining that the Act has been diluted by the Maharashtra state government in such a way that it benefits builders more than the consumers. With these recent remarks of the state’s Minister of Housing Department, it is possible that we see some changes in the rules of the Act soon! ...

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Homebuyers will be able to file complaint against builders not registered with RERA, says Haryana CM

Monday 16th October 2017

With the progress of RERA Act in Haryana in full blow, real estate developers and homebuyers are looking for some modification in the Real Estate Act’s rules. Homebuyers of the state are calling on the Authority to also take responsibility of the projects that do not require rera registration. The need for such action is because currently the Act does not allow homebuyers to complain against builders that do not lie under RERA. The CM of Haryana, Manohar Lal Khattar, speaking on the same issue, said that buyers will be able to file complaint against builders that are not registered with RERA to the Haryana RERA Authority. The Haryana RERA Authority is still in formation and can be set up by early November, this year. The registrations in state are offline as there is no website yet. A total of around 500 project applications have been received and 185 have obtained the certificate. Also about 300 real estate agents have registered in Haryana till now.  ...

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Maharashtra Builder ordered to refund Rs 1.94 Cr with interest to homebuyer, by RERA Authority

Monday 16th October 2017

The Maharashtra RERA Authority, MahaRERA has made a massive judgment on one of the complaints filed against the builder Runwal Homes. The builder has been instructed to refund back Rs 1.94 Crores to the homebuyer with interest. This has proven to be the biggest setback to any builder until now. The Homebuyers who had already paid 97% of the total amount were supposed to receive the flat in 2016, which got delayed. The builders proposed a completion date of December 2019 with the RERA Authority, following which complaint was filed by the homebuyers. Taking all the facts into consideration and the delay of almost three years, the Authority decided to go in favor of the complainants. However, the builder has also stated to challenge the order of Authority in High Court.  ...

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State owned housing Development Agencies will have to register with RERA in Karnataka!

Friday 13th October 2017

Putting a stop to all the complications surrounding registrations of projects of state-owned housing Development Agencies in Karnataka, the Karnataka law Department has clarified that all the Authorities will have to register their projects with Karnataka Real Estate Regulatory Authority as soon as possible. This includes ongoing projects of Bangalore Development Authority and Karnataka Housing Board. In the recent past, these state-owned Authorities were seeking exemption from RERA, but now the commissioners of both the Authorities have agreed upon registering the projects and will also proceed with the same at the earliest.  ...

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Read how this Non-profit Company might represent all homebuyers for complaints with RERA across India!

Thursday 12th October 2017

Homebuyers Association ‘Fight for RERA’ has recently formed a non-profit Company which will help all homebuyers, who want to or have already filed a complaint against any builder or agent, represent themselves in the RERA Authority. Forum for People’s Collective Efforts (FPCE) will hugely benefit all as the process of concluding complaints is complex. The Association has also filed an Application to the Bombay High Court on approval of which, they will be authorized to become a party representing homebuyers in complaints across the country.   ...

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UP RERA Authority directs Vice Chairmen of Development Authorities to close complaints

Thursday 12th October 2017

The Real Estate Regulatory Authority of Uttar Pradesh has assigned Vice Chairmen of seven Development Authorities to conclude complaints filed to the RERA Authority by homebuyers. The Authority has also given a deadline of two months to the concerned persons. The State has been divided into several divisions by the UP RERA Authority and the complaints will be assigned to the Development Authorities according to the same. Complaints related to Ghaziabad Development Authority will be dealt by the Chairman of UP RERA.  ...

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