Center has decided to send a special team to six northeastern states later this week to resolve issues pertaining to the implementation of the Act.
The UPRERA bench asked all the complainants to file their claims with the resolution professional appointed by the NCLT.
Greater Noida RERA Authority asked around 700 homebuyers of Subhkamna Tech Home to come up with a viable financial plan to complete the housing project in Sector 137.
CEO, and country head, JLL India said that the selling of the completed apartment is viable if the developer has enough liquidity to complete the project.
An order passed by the Supreme Court, every project whether registered or not shall have to display the sanction plan of the project at the site of the project.
TNRERA has come to the conclusion that the builders/promoters are not allowed to split the project until the consent from the two third buyers of the project have been obtained.
The Government has framed these rules for blacklisting developers, contractors and architects responsible for any sort of illegal and unauthorized constructions in Delhi.
IBC and RERA Act, enacted in 2016, appear to be pitted against each other as far as protecting the interests of bankers and home buyers are concerned.
Without occupancy certificate possession of flat is not a lawful possession and it is equivalent to a rented home which can be evacuated anytime by the discretion of State Authority.
case of any structural defect incurred in next five years from the date of giving the possession; the builder/promoter is liable to rectify the defect at his own cost.
Hon’ble Supreme Court ordered the demolition of all constructions made after August 18, 1992, in Faridabad’s posh Kant Enclave.
The legality of the offers of the possession by the builder in case no OC has been received by them from the concerned authority had been discussed and pronounced.
The huge number of complaints are coming across, wherein the money of the innocent home buyers is stuck with the abandoned or stalled projects.
Home buyers who had invested in housing projects by JIL, were permitted by the Interim Resolution Professional (IRP) to submit their claims as ‘other creditors’, subordinate to financial and operational creditors of JIL.