Haryana RERA attaches 4 bank accounts of Supertech

The RERA Authority issued warrants of attachment in respect of Rs 91.41 lakh to four bank accounts of M/s Supertech for deduction of the amount.

Government Announces RS. 25,000 Crore Relief Fund for Homebuyers

The government has shown grave concern regarding pendency in the real estate sector and announced a government-funded stress fund for unfinished projects.

Supertech agrees to handover the possession by December 2019 at 7th UPRERA Conciliation meet

The Uttar Pradesh RERA Authority keeping up with the spirit of the Real Estate Regulation and Development. That 7th Conciliation Forum of NCR was held by the Uttar Pradesh Real Estate Regulatory Authority recently wherein for the first time a settlement was achieved between the developer company Supertech and 14 Homebuyers.

Financial Institution to comply with RERA provisions

If the collection from allottees in a particular month is less than the installment due to be paid to the lender, the entire amount in the escrow account reportedly goes to lenders.

UPRERA: RERA Authority may take over the unfinished project

The UPRERA authority planning to cancel the RERA registration or take over the projects if the concerned builders don’t come around finishing the projects.

Newly Formulated Greater Noida Bench of RERA- The story so far

Western UP Bench of RERA- After looking at the bulk cases in the state a bench was made operational in the city of Noida on 4th September, 2018.

UP Government orders arrest of 8 Builders in Noida

Uttar Pradesh (UP) Government set up a group of ministers to scrutinize the disarray in Noida’s real estate sector. The committee on Monday ordered the arrest of arrest 8 builders for not delivering 5,000 flats to homebuyers. In the month of September, police had lodged 13 FIRs against 6 builders with projects in Noida and … Continue reading “UP Government orders arrest of 8 Builders in Noida”