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In a recent order passed on Thursday, MAHARERA imposed a fine of Rs 50 lakhs on realty player Piramal Realty as the builder did not publish MAHARERA website address along with the advertisement of its project in South Mumbai Mahalaxmi Locality. The advertisement even did not carry the RERA Registration number on the first page, while it was displayed on the second page in a very small font. MAHARERA issued a warning to the builder to ensure that this kind of violation is not repeated in the future. This is the heaviest penalty levied so far by MAHARERA. ...
While addressing the meet of Builders Association of India’s, Vijaywada chapter, Ch V Sambasiva Rao, director, RERA said that the builders and realtors across the country should follow new regulatory act in real estate industry. While delivering a power point presentation on RERA, he clarified the procedures, terms, and conditions of registration and briefed the required documents for registration. RERA Joint Director Vallabaneni Sunitha said the builders should submit the work progress to RERA once in three months. For every construction project, they should open a separate new account and 70 percent of the construction amount of apartment, villa and individual house should be deposited in the bank account, she added. ...
Gera Development stated that the Real Estate (Regulation and Development) Act would be a big game changer for the Goan real estate industry. “It will further bring a discipline in the real estate industry, thus eliminating the unscrupulous operators in the business and bringing a financial control in the industry,” the company noted. Managing director of Gera Developments Rohit Gera, speaking to reporters on Wednesday, stated that the Act has been implemented in Maharashtra eight months ago; further hoping that it would now get implanted in Goa in the same positive manner. ...
GOA RERA, in an order passed on Monday, has decided to impose the penalty on the application for registration of ongoing projects to be received after 31 March 2018. A penalty of Rs 1,00,000 will be levied for Registrations applications received between 01/04/2018 to 30/04/2018. From 01 May 2018, double penalty i.e. Rs 2,00,000 will be fined on builders till 01/07/2018. ...
Around 27,000 projects across the country have been registered under the Real Estate (Regulation and Development) Act, according to the data from the Forum for People’s Collective Efforts. Around, 17,000 applications for agent registration have been received by various RERA authorities. Of the total number of projects registered, nearly 18,000 are from Maharashtra. That compares with 2,350 in Uttar Pradesh, the second in the list, and more than 1,600 each in Gujarat and Madhya Pradesh. Haryana has registered around 400 projects. ...
In Andhra Pradesh, only 23 projects have been registered with the RERA out of around 2000 projects falling under the purview of RERA. Sources said that in the capital city region alone, over 70,000-80,000 flats have either been completed recently or are under construction. As per rules, all these projects should have been applied to RERA. However, promoters are not earnest on joining RERA, stating several technical and financial troubles. Nine projects-all big-ticket investments from the capital city region got registered under RERA while one each project from Visakhapatnam and Kadapa got registered. “We are waiting with patience with a hope that they will join sooner or later. We will not hesitate to crackdown after giving little more time,” said a senior official of Rera. ...
The State government of Telangana will form RERA expert committee in three months. The government is planning to hire IT experts and will take help of agencies that look after RERA in Maharashtra. Principal secretary, municipal administration, Arvind Kumar told a delegation of Forum for People’s Collective Efforts (FPCE), Fight for RERA, a pan-India movement, and U-FERWAS that the new panel will be ready by July. He said a high-level government delegation had visited Maharashtra and Karnataka to study the implementation of RERA and launch of RERA website. ...
MAHARERA, the real estate authority of Maharashtra has summoned officials of Navi Mumbai Municipal Corporation regarding environmental clearance delay in connection with Green World Project at Airoli on Thane Belapur Road. They appeared before the authority on January 5 and accepted that the delay had happened at their level, said an order by MahaRERA Member Vijay Satbir Singh. It was clear that project was delayed due to delay in environmental clearance. “Considering the disruption in construction work for a period of more than a year and other constraints, it is reasonable to extend the date of possession by a year and half to calculate the promoter’s contractual liability under Section 18 of RERA. The promoter is, therefore, liable to pay interest to the allottees from July 1, 2017,” Singh observed in his nine-page order. ...
KRERA is planning to appoint a private entity to identify unregistered project in the State. The private entity firm will find out the ongoing projects and new launches which are not registered in RERA yet. KRERA has issued tenders for invitation of application for appointment of consultancy. The private entity will be submitting a detailed report to the authority by conducting ground level survey for identification of unregistered projects. “We are planning to execute the project on a trial basis for a month,” said P Sunil Kumar, secretary, RERA. RERA was using the plan sanction certificates issued by BBMP as preliminary information and was planning to send the surveyor to the address for physical verification. “We will scale up the project with more effective tools and expand it to the rest of Karnataka gradually,” said Kumar. ...
Haryana Real Estate Regulatory Authority (HRera) on Tuesday stated that there should not be any difference in the amenities and facilities shown in developers advertisements and what they deliver on ground. Developers who give deceiving information and false ads to lure buyers will face action now,” said chairman of HRera (Gurugram) K K Khandelwal, while he was speaking at a workshop organised by the authority and labour department on Tuesday. K Khandelwal said the authority has already given legal notices to 3-4 developers. “Unlike in the past, now the developer cannot accept pre-booking,” said Khandelwal, adding that the objective is to ensure that developers should give correct information so buyers can take an informed decision without getting deceived. ...
The Gurugram bench of Haryana Real Estate Regulatory Authority ( H-Rera ) is proving a new RERA certificate to developers and real estate agents who register with the HRERA. “H-Rera rules will be engraved on the left-hand side of the certificate,” said H-Rera chairman K K Khandelwal, adding that the objective of the new certificate is to evade duplication and tampering. “Real estate agents will not facilitate the sale or purchase of any plot, apartment or building, as the case may be, in a real estate project or part of it, being sold by the promoter, which is not registered with the Authority " stated chairman K K Khandelwal. ...
The maximum of real estate projects in rural areas still not registered with Rajasthan RERA. According to official sources, “Less than five developers have registered their projects in Jaipur. The projects are more than 50 in the state capital.” After implementing the RERA in urban areas, authority decided to take real estate projects in rural areas under its ambit. A penalty would be levied if developers miss the boat to register their ongoing project within the target date. The Authority will impose penalty of up to 10% of project cost on Developers who fails to register with RERA. ...
The Telangana Government has constituted an expert committee to study the status of RERA implementation in the State. The Principal Secretary, Municipal Administration, Arvind Kumar has issued orders in this regard, an official release said today. The expert committee consist of Chief City Planner of the Greater Hyderabad Municipal Corporation (GHMC) S Devender Reddy, Municipal Administration and Urban Development (MA&UD) department Director (Planning) S Balakrishna, and Director of Town and Country Planning K Vidyadhar, stated in notice. The committee will study the Process followed by Maharashtra and Karnataka for administrative setup and other functional aspects. ...
Despite of eight months of its inception, there is no permanent regulator for TNRERA. The Secretary of Housing and Urban Development is presently acting as interim chairman of the RERA authority in Tamil Nadu. The State Government of Tamil Nadu passed the RERA Rules on June 22, 2017. Ramaprabhu, honorary secretary of the Builder Association of India's Southern Centre, Chennai, said a full-time chairman and members were essential for smooth functioning of the authority. "Their presence is required for swift action and quick disposal of the grievances of home buyers," he stated. As per the Real Estate Regulatory Act 2016, every state needs to form an authority within the stipulated period of one year from the date of the act enforcement. ...
The State Government of Kerala has appointed B Ashok as the interim real estate regulatory authority. The LDF government had withdraw RERA Act ,2015 stating that it did not protect the end user and its provisions are more towards the Builders end. With the government now bustling for an interim authority, officials said that there could be further holding in having a full bloom RERA in the State. The order appointing urban affairs secretary as the interim regulatory authority says that the call to have an interim body has been compelled by growing number of real estate-related complaints and litigations in the absence of such an authority. ...
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