Karnataka RERA: Home buyers’ consent now a must to alter building plan
The government has issued a notification making buyers’ consent mandatory for changing the plan approved by the Karnataka Real Estate Regulatory Authority.
RERA in NCR to continue with virtual hearings post Covid-19
Both Haryana and UP RERA, which cover the maximum number of ongoing real estate p...
RERA to approach RBI for loan restructuring for real estate sector
Developers feel that the criteria of Special Window for Completion of Cons...
Covid-19 impact: MahaRERA to hear all cases through video conference
With this initiative, all services and operations of MahaRERA can be delivered digitally, without any need for physical visit by allottees, promoters, agents and advocates to the regulator’s offices. MahaRERA will thus be 100% digital with zero paper and zero footfalls.
UP RERA allows association of homebuyers to take over stuck project
The authority had revoked the registration of the project Sampada Livia after developer failed to complete it and diverted money collected from homebuyers. While 24 homebuyers moved RERA, an audit by consultant appointed by Greater Noida Industrial Development Authority revealed diversion of R 47 crore.
UP RERA imposes penalty on Noida-based developer, ordered refund of homebuyers money
The promoter has been informed that if the money is not returned to buyers and the amount of penalty is not submitted in RERA authority, the recovery certificates will be issued after December 2020.
MahaRERA invokes force majeure to provide relief till September 15
Experts say developers should not use the provision to delay rent to buyers in redevelopment projects.
Lockdown: UP-RERA invokes 'force majeure', builders get 6-month extension to complete projects
The six months extension will also be provided to such projects that have already availed one-year extension as provided in the RERA Act on or after March 25. UP RERA Secretary Abrar Ahmed said no fees will be charged from the promoters for the extension.
MahaRERA to hear only urgent cases during lockdown
This will be done with all staff working digitally during this period. The working of MahaRERA from May 18, will be decided only after further review and subject to further directions from state and central government, the regulator said in a statement.
After builders’ appeals, Rera will relax delivery timelines
Naredco-UP, a body of realtors, wrote to Rera on Monday that it couldn’t honour the timelines set by the regulatory body as work on all projects have been stalled in the aftermath of the lockdown. It asked for a fresh set of timelines.
NCR realty developers request RERA authorities to set aside penalty orders
Maha-RERA had extended the validity of registration of projects by three months, effectively pushing back the deadline to complete projects. With mass exodus of labourers, developers fear mobilising construction workers to resume work would be a major challenge.
Maharashtra Real Estate Tribunal says booking amount forfeiture unfair due to inequitable, one-sided pacts
Maharashtra Real Estate Tribunal rules in homebuyers’ favour to get booking amount refund.
Covid-19 impact: Around 4.66 lakh homes scheduled 2020 delivery may miss deadline: Report
Launched after 2013, many of these projects were in the final leg of completion. With almost zero construction activity in the last few months due to the lockdown, the completion deadlines for almost all these projects have been extended.
Promoters caught in MahaRERA and coronavirus crisis, possession to be delayed
The slowdown in the real estate sector is going to affect the buyers as delays are likely to creep in for the possession of their dream homes.
MahaRERA: Buyers to decide fate of incomplete projects
The promoters, who have failed to meet the deadline after the first extension, would not be able to sell or advertise any of their projects. On the other hand, consumers would not be able to register their properties because the RERA registration would lapse.