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BECOME A RESOLUTION APPLICANT

The Insolvency and Bankruptcy Code, 2016 (“IBC”) was enacted with the objective of reorganization and insolvency resolution of corporate persons who is unable to pay its debts in a time-bound manner.

Furthermore, the objectives of IBC include:-

  1. Maximization of the value of assets of corporate persons.
  2. To promote entrepreneurship.
  3. Availability of credit.
  4. The balance of interests of all the stakeholders.

 

IBC PROCESS, AS A GLANCE

 

 

RESOLUTION APPLICANT, A NEW OPPORTUNITY

As illustrated above, on acceptance of IBC petition, an Interim Resolution Professional (“IRP” or RP) is appointed who takes over the management of the Corporate Person, against whom the insolvency proceedings have initiated. Thereafter the IRP has the responsibility

  • Making the public announcement for the submission of claims by all the creditors (financial or operational)
  • Preparing a list of all claims
  • Preparing the statement of affairs
  • Call for resolution plan

What is a resolution plan – A resolution plan means a plan proposed by a resolution applicant for insolvency resolution of the corporate debtor a going concern.   

WHY BECOME A RESOLUTION APPLICANT

After the invitation by the IRP, any person who is eligible under IBC can submit a resolution plan and become a resolution applicant. The resolution plan has to be prepared on the basis of the information memorandum.

By grabbing this opportunity of becoming a resolution applicant and submitting a resolution plan, every business can avail of certain benefits. A few of them have been listed below:-

A) Acquisition of business – if any person is looking to take over a certain business, then this is the opportunity for them, whereby just submitting a viable resolution plan they can take over the business which is running and having a complete system in place.

B) Piercing into a new domain – if any business is looking to enter into a new domain or new operations, then it is easy for them. That person has to just submit a resolution plan before the Resolution Professional and if it gets accepted then it will become easy for that business to enter into such a new domain.

C) Promotion of entrepreneurship:- by becoming a resolution applicant, entering into business is easy. Rather than starting from scratch it will become easier for the new entrants to just invest a small amount and acquire the business which has the potential in the future.

D) Comparative low cost:- Once the company goes under Insolvency, its goodwill value and even the prices of some items get affected by market sentiments. Further, there are certain intangible assets associated with every company which loses its value during the resolution process. Due to such points, the price which is for a resolution proposal is much less than the price asked by such party if it would not be under insolvency.

E) Better understanding with creditors and stakeholders – The resolution proposal is approved by a committee of creditors, which implies that it would give an understanding with the creditors for the future.

WHY CENTRIK ?

Centrik have a team of professionals and Insolvency Professionals who have versatile expertise in this arena of work. We provide a one-stop solution to every requirement. Our scope of work includes:-

  • Identifying the relevant business
  • Evaluation of business and its credentials
  • Preparation of Resolution plan based on the information memorandum
  • Making of viable resolution plans
  • Completing the legal compliance and others

For more information, get in touch at ibc@centrik.in

 

Get your first FREE consultation today

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Test By visiting TNRERA Website home buyers will now be fully aware whether the project is registered under RERA or not....
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Test The Real Estate Regulation Authority (RERA) Act, has now become a ground reality in real estate sectors.
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RERA Deadline Extended for Projects in Rajasthan
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Test RERA Rajasthan: Deadline has been extended for projects in Rajasthan. The new RERA deadline is August 31, 2017,
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RERA Rules Notified by Telangana Government
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Test Though the Central Authority allows secondary modifications as per the sources Telangana regime has decided to keep the Central Act...
Ongoing Projects Redefined in UP RERA
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Penalty for Karnataka Builders Failing RERA Registration
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Test RERA Karnataka- The builders who failed to register themselves with RERA Authority are barricaded from advertising, marketing, booking, selling or...
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Test Though the RERA deadline for registration ended on July 31, 2017, there are nearby 400 registrations that still hang out...
Morning after RERA Deadline July 31, 2017
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test An escape window of 90 days was provided to the developers so that they can register their new and ongoing...
Extension for Goa Builders under RERA Filing
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test The State Government has provided a stretch to builders in Goa for ongoing projects to be registered under RERA, even...
AAP Hit on the State for Tributary Support to Builders
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Aam Aadmi Party hit on the State Government and deemed that Haryana RERA is in one breath with developers which...
Builders Head Over Heels in Pressure for RERA Filing
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test The RERA Act is expected to bring up the sales in Real estate in near future providing its worth to...
11th Hour Flow for RERA Registration
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Test Due to eleventh-hour rush maximal registration is expected, staff members of MAHA RERA Authority have been asked to work an...
Builders Probing for 90 Days Window for RERA Filing
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Test RERA Registration: The builders they are probing RERA Authority for 90-day window from the date of notification of RERA Rules...
“Builders shutting eyes on RERA will face Penalty,” said Government
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test The State government advised the builders to register to register their ongoing projects under RERA Act. If the promoter fails...
RERA: A Daydream for Haryana to Come True
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Haryana Cabinet has validated Haryana RERA Rules, making Haryana 23rd State has notified the RERA Rules.
RERA registration in Uttar Pradesh to be started fromJuly 26
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test The Crucial States already notified RERA (Real Estate Regulatory Authority) Registration by launching RERA website where Uttar Pradesh
RERA Adulteration will shift consumers to High Court
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test A group of homebuyers is worried, Whether the notified rules will affect the position of homebuyers in Haryana. Hence recently...
RERA Registration for Real Estate Agents in Punjab
Posted on 10 Comments on RERA Registration for Real Estate Agents in PunjabCategories RERA ConsultingTags , ,
Test Every real estate agent needs to take prior registration with RERA authority of Punjab before dealing in any transactions relating...
RERA Registration in Punjab
Posted on 2 Comments on RERA Registration in PunjabCategories RERA ConsultingTags , ,
Test As per section 3 and 4 of Real Estate (Regulation & Development) Act, 2016 (RERA) readwith Rule 3 of above...
Notice to Developers in Haryana under REDA Act
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Test In this context, the Haryana RERA issued show-cause notices to 10 developers on Friday for advertising their projects without getting...
Find Whether RERA Registration Impacting Brokers Community in Real Estate.
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test the real estate brokers are giving their feet some rest, as they are no such deadline for them but in...
MahaRERA Efforts at Peak to Attract Builders for Registration.
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test MahaRERA allowed developers to advertise and market their on-going projects till the end of 90 days from the date of...
Union Minister M Venkaiah Naidu Appeal State Not to Miss Deadline: Any Disorder Will Not be Tolerable
Posted on 0 CommentsCategories RERA ConsultingTags
Test The letter states, “If the rules are not notified under the Act immediately and the Regulatory Authority established by July...
What is RERA About- Safeguarding the Interest of Buyers or Developers?
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test 1st of May 2017 marked as a revolutionary date in the history of Real Estate sector as on this date...
RERA in Tamil Nadu
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Test The Government of Tamil Nadu has missed the deadline for the assurance of RERA Rules although a draft copy has...
Will RERA and GST be Pier of Realty?
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Some amendment is expected with inclination of buyer in the Urban Real Estate market in the country towards the second...
Bhopal, Center of RERA in Madhya Pradesh
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Test Confederation Real Estate Developers Association of India (CREDAI), Bhopal, anticipate around 6% rise in cost of project after GST.
Simple Steps of How to Get RERA Registration
Posted on 41 Comments on Simple Steps of How to Get RERA RegistrationCategories RERA ConsultingTags
Test RERA Authorities has prescribed a simple and transparent procedure for registration of Real Estate Projects and Agents.
RERA in Madhya Pradesh
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Test Madhya Pradesh is well known as the “Heart of India” not only for its unique culture and its rich natural...
RERA Registration in Gujarat
Posted on 12 Comments on RERA Registration in GujaratCategories RERA ConsultingTags ,
Test Gujarat is a city of big builders and developers requires a glance of RERA rules implication in Gujarat. Let us...
RERA Registration in Faridabad
Posted on 3 Comments on RERA Registration in FaridabadCategories RERA ConsultingTags ,
Test Being one of the hubs in real estate projects, Faridabad deserve a separate analysis of RERA Registration in Faridabad
RERA Registration in Haryana
Posted on 28 Comments on RERA Registration in HaryanaCategories RERA ConsultingTags ,
Test The first set of regulation in real estate industry has become reality now. The “Real Estate (Regulatory & Development) Act,...
RERA Registration in Agra
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Test The Place of Agra has not prescribed the final set of RERA Rules, however, it has started accepting the application...
RERA Registration in Uttar Pradesh
Posted on 3 Comments on RERA Registration in Uttar PradeshCategories RERA ConsultingTags ,
Test The State of Uttar Pradesh has not prescribed the final set of RERA Rules, however, it has started accepting the...
RERA Registration in Jaipur
Posted on 5 Comments on RERA Registration in JaipurCategories Legal Outsourcing, Registration And Compliance, RERA ConsultingTags ,
Test The Real Estate (Regulatory and Development) Act, 2016 has commenced from May 1, 2017. The first set of Rules and...
RERA DEADLINE NEARS BUT REGULATORS NOWHERE
Posted on 2 Comments on RERA DEADLINE NEARS BUT REGULATORS NOWHERECategories Business Advisory, RERA ConsultingTags , ,
Test As RERA deadline nears, regulator in Noida and Greater Noida are nowhere to be seen. RERA was notified in October...
RERA Registration in Gurgaon
Posted on 10 Comments on RERA Registration in GurgaonCategories Business Advisory, RERA ConsultingTags , , ,
Test Being the hub of development and fast growing city, Gurgaon needs separate analysis of RERA Registration in Gurgaon, which is...
RERA Registration in Noida
Posted on 26 Comments on RERA Registration in NoidaCategories Business Advisory, Grievance Redressal, RERA ConsultingTags , ,
Test Having its own fast growth and real estate charm, Noida deserve a separate analysis of RERA registration requirement stating related...
RERA Registration in Lucknow
Posted on 6 Comments on RERA Registration in LucknowCategories Business Advisory, Registration And Compliance, RERA ConsultingTags , ,
Test Being one of the hubs in real estate projects, Lucknow deserve a separate analysis of RERA Registration in Lucknow, which...
Registration of New Real Estate Project Under RERA – NCT of Delhi
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test As per section 3 and 4 of Real Estate (Regulation & Development) Act, 2016 (REDA) readwith Rule 3 of above...
BJP FUSS FOR RERA, ALERT TO STATE GOVERNMENT
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Karnataka government is sweating bullets about BJP biases towards RERA (Real Estate Regulatory and Development) Act.
WILL STATE BE RESPONSIBLE FOR AFFECTING THE UPKEEP OF BUILDERS AND WORKERS?
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test As per central government recent press release, it is clarified that no developers shall be allowed to market their projects...
RERA For Real Estate Agents
Posted on 1 Comment on RERA For Real Estate AgentsCategories Business Advisory, RERA ConsultingTags , , ,
Test Before the RERA, Real Estate Agents were not required to get their business registered and thus resulted into many manipulation...
Registration of New Real Estate Project Under RERA– Rajasthan
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test As per section 3 and 4 of Real Estate (Regulation & Development) Act, 2016 (REDA) read-with Rule 3 of above...
NO SALE WITHOUT REGISTRATION CLARIFICATION FROM CENTRAL
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test As per RERA Act every state had to frame rules in respect of Real Estate Regulation Act till 1st of...
RERA registration for Existing Projects in Maharashtra
Posted on 0 CommentsCategories Grievance Redressal, RERA ConsultingTags , , ,
Test The real Estate projects that are ongoing and have not received completion certificate or occupancy certificate, on the date of...
RERA registration in Maharashtra for New Real Estate Projects
Posted on 0 CommentsCategories Grievance Redressal, RERA ConsultingTags , , ,
Test every promoter shall get the eligible real estate project, registered with RERA authority before sale/promotion/advertisement/booking etc.
RERA registration for Real Estate Agents in Maharashtra
Posted on 12 Comments on RERA registration for Real Estate Agents in MaharashtraCategories Legal Outsourcing, RERA ConsultingTags , , , , ,
Test Every real estate agent needs to take prior registration with RERA authority of Maharashtra before dealing in any transactions relating...
HOW MAHA – RERA PROVIDES GREAT TRANSPARENCY TO REAL ESTATE SECTOR
Posted on 2 Comments on HOW MAHA – RERA PROVIDES GREAT TRANSPARENCY TO REAL ESTATE SECTORCategories RERA ConsultingTags , , , ,
Test Government of Maharashtra notified RERA rules and established Maharashtra Real Estate Regulatory Authority (Maha-RERA), vide Notification dated 8 March 2017,...
Haryana’s RERA rules to come into effect from July 1, Gurgaon homebuyers pins hopes on government
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test As per the information, The draft rules of the Haryana Real Estate Regulatory Authority (H-RERA) are set to come into...
RERA Registration of Agent in Gujarat
Posted on 4 Comments on RERA Registration of Agent in GujaratCategories Legal Outsourcing, Registration And Compliance, RERA ConsultingTags , , ,
Test Registration of Real Estate Agent under RERA – Gujarat (As per “Gujarat Real Estate (Regulation and Development) Rules, 2017) As...
RERA Registration for Ongoing projects in Gujarat
Posted on 0 CommentsCategories Legal Outsourcing, Registration And Compliance, RERA ConsultingTags , , ,
Test As per REDA, no promoter can sell/book/advertise or enter any agreement for sale any part of the project without prior...
RERA Registration in Gujarat for New Projects
Posted on 8 Comments on RERA Registration in Gujarat for New ProjectsCategories RERA ConsultingTags , , ,
Test The application for registration of such Real Estate Project shall be made in writing along with declaration, as prescribed in...
RERA – A New Beginning For Real Estate
Posted on 1 Comment on RERA – A New Beginning For Real EstateCategories Business Advisory, RERA ConsultingTags , ,
Test Real Estate (Regulation and Development) Act, 2016 was first passed by Rajya Sabha on March 10, 2016 and passed by...
Points! How RERA Is Impacting Real Estate Market
Posted on 0 CommentsCategories Business Advisory, RERA ConsultingTags , , ,
Test The act is expected to revive confidence property buyers have on realty sector by making builders and property brokers more...
Be Aware RERA May Push-up Your Cost
Posted on 0 CommentsCategories Business Advisory, RERA ConsultingTags , , ,
Test Buyers will get a more transparent property search, sourcing and purchase experience with the legislation being followed in letter and...
Registration of New Real Estate Project Under RERA – Uttar Pradesh
Posted on 0 CommentsCategories Business Advisory, RERA ConsultingTags , , ,
Test An application to the Authority for registration of the real estate project shall be made in writing along with declaration,...
Know! Status of State wise Registration of RERA
Posted on 0 CommentsCategories Business Advisory, RERA ConsultingTags , ,
Test As you would be aware that The Real Estate (Regulations & Development) Act, 2016 (REDA) has commenced from 1st May...
Registration of Ongoing Real Estate Project as on enactment of RERA – Uttar Pradesh
Posted on 0 CommentsCategories Business Advisory, RERA ConsultingTags , ,
Test Real Estate projects that are ongoing and have not received a completion certificate, on the date of commencement of the...
Registration of Real Estate Agent under RERA – Uttar Pradesh
Posted on 1 Comment on Registration of Real Estate Agent under RERA – Uttar PradeshCategories Business Advisory, RERA ConsultingTags , ,
Test The real estate agent shall pay a registration fee at the time of application for registration by way of a...
Wait! Till 31st July for RERA Compliant Homes
Posted on 0 CommentsCategories Business Advisory, RERA ConsultingTags , ,
Test There is a large chunk of unsold inventory across the locations and available with almost all the builders. They would...
Registration of New Real Estate Project Under RERA – Delhi
Posted on 0 CommentsCategories Business Advisory, RERA ConsultingTags , ,
Test The Real Estate (Regulations and Development) Act, 2016 has prescribed for every State/UT to prepare details rules regarding registration and...
Registration of Ongoing Real Estate Project as on enactment of RERA – Delhi
Posted on 0 CommentsCategories Business Advisory, RERA ConsultingTags , ,
Test Real Estate projects that are ongoing and have not received a completion certificate, on the date of commencement of the...
RERA Is To Protect The Interest Of The Allottees
Posted on 0 CommentsCategories Business Advisory, RERA ConsultingTags , ,
Test All State/ Union Territories for prepare Rules and set up Real Estate Regulatory Authority (RERA) with the sole motto to...
Offences and Penalties Prescribed In RERA
Posted on 9 Comments on Offences and Penalties Prescribed In RERACategories Business Advisory, RERA ConsultingTags , ,
Test At one place, where the Act specifies the details rules and regulation for proper registration and transparency, the Act also...
Why RERA Registration is required?
Posted on 4 Comments on Why RERA Registration is required?Categories RERA ConsultingTags , , ,
Test As per section 3 of The Real Estate (Regulation and Development) Act, 2016 (here-in-after referred as RERA), which has come...
Meaning of Promotor under RERA
Posted on 15 Comments on Meaning of Promotor under RERACategories Business Advisory, RERA ConsultingTags , ,
Test From 1st May 2017, every promoter shall register the real estate project before its advertisement of any plot or apartment...
Is Real Estate Market Effected by Real Estate Regulation and Development Act(RERA)?
Posted on 0 CommentsCategories Authentic Legal Advice, Legal Advisory, RERA ConsultingTags , ,
Test Builders are already saddled with under construction projects and will face tough times in bringing them under RERA, complying with...
Know everything about RERA (Real Estate Regulation Act)
Posted on 0 CommentsCategories Business Advisory, Government Advisory, Grievance Redressal, RERA ConsultingTags ,
Test The government has described the implementation of the consumer-centric Act as the beginning of an era where the consumer is...

Latest Updates

Our Latest Updates

EOW arrests another Realty Firm Director
Days after the arrest of 3C’s Director the EOW has went on to burst the whip on director of the...
Newly formulated Greater Noida RERA bench hears 300 cases on incomplete real estate projects
It has only been a fortnight since the first hearing of the newly formulated western UP RERA Authority in Noida...
Punjab RERA issues notices to builders of unregistered projects
Finally, the Real Estate regulation and Development Authority of Punjab has woken up to the plights of homebuyers. The authority...
Greater Noida RERA takes up 31 cases against Noida developer on Day 1
On the first seating the Greater Noida bench of the UP-RERA heard 31 complaints all against a Noida-based developer that...
UPRERA to take clues from MahaRERA model in order to ensure speedy resolution
The newly formulated UPRERA bench at greater Noida will become functional from 4th September and already has 4000 complaints filed...
RERA Authority Bihar directs police to take strict action against Builders
The Chairman of RERA Bihar Mr. Afzal Amanullah recently sent a letter to the state government urging them to direct...
“All projects to come under RERA eventually”- Minister Housing and Urban Affairs
Speaking at CII-CBRE Real estate conference minister for housing and urban affairs Mr. Hardeep Singh Puri stated that the legislature...
New Mechanism to be developed for completion of projects in Gurugram-HRERA Chief
A conference was held on Monday where the Gurugram RERA authority president Mr. K.K Khandelwal was the guest of honor....
No sale to take place without registration with the RERA authority
The state government of BIHAR in its cabinet meeting has decided that ongoing projects which are not registered with the...
MahaRERA Rules in favour of homebuyers in Moshi Buildings Case
Maharashtra RERA Authority has brought a sigh of relief for the homebuyers of PADMANABH which was being promoted and developed...
Least RERA House Registration in Tamil Nadu
Tamil Nadu Real Estate Regulatory Authority (TNRERA) has secured eighth position among the states having the authority wherein it has...
First face to face meet between the newly formulated Noida RERA authority and the Homebuyers
The state of Uttar Pradesh has brought a sigh of relief for the aggrieved homebuyers of Noida by formulating a...
Homebuyers left in lurch in Karnataka
The Real Estate Regulatory Authority in Karnataka has come under fire from the aggrieved home buyers who have been left...
No sale agreements in the state of Karnataka under the RERA format
The state government of Karnataka is yet to wake up from slumber as the homebuyers struggle to get justice against...
Gujarat ranks 3rd in RERA Registration
Gujarat is among the top states in implementation and adoption of new realty law in the country. The state Gujarat...
Vice President of Earth Infra arrested for Fraud
Crime branch team on Sunday has arrested the senior vice president of Earth Iconic Infrastructure Private Limited. The accused has...
An year later, Former chief Secretary to over as RERA Chairperson
For almost a year the state of Uttar Pradesh had the post of RERA chief vacant hampering the functionality and...
Supreme court to the rescue of Amrapali Homebuyers
Thursday brought happy news to around 4300 Amrapali homebuyers who have been left midway due to the ongoing insolvency proceedings...
Rajasthan High court stays the order passed by RERA Appellate Tribunal
The division bench of Rajasthan High court stayed the order passed by the RERA Appellate Tribunal as it was not...
MahaRERA: Maharashtra RERA Tribunal exposes false story of a Builder
In a fascinating order, the Maharashtra Real Estate Regulatory Authority (MahaRERA) Appellate Tribunal has revealed a cooked up story of...
HRERA: Unitech will return security deposit to the home buyers
Unitech received a huge amount from the homebuyers at the time of booking the units in Fresco Apartments. The residents...
UPRERA Strike again on the faulty builders
As per the procedure established, the relators are required to hand over the unit to the homebuyers on time. If...
UPRERA: Recovery from the builders for not complying with the RERA orders
Real Estate (Regulations and Development) Act,  2016 came into force on 1st of May in 2017, to cleanup the mess...
Amendments to be introduced in IBC to sync it with RERA
  A paper by industry lobby Assocham surmise that the Insolvency and Bankruptcy Code and the Real Estate (Regulation and...
Punjab RERA Notices to over 50 Builders
The (Punjab RERA) Punjab Real Estate Regulatory Authority has issued notices to nearly 50 developers for not registering themselves and...
Delhi RERA: List of approved Projects and Agents
Now agents and developers can file their complaint on RERA (Real Estate Regulation Act) website directly. The website with its...
No wrongdoings, keen to deliver flats: Jaypee Group
Jaypee Group has said that there is no wrong doing on the unencumbered land of the group in favor of...
Judicial officer not yet appointed in Gurgaon RERA Bench
Gurgaon RERA: H-RERA (Haryana Real Estate Authority) after four months of wait nominated the chairpersons and members of authority on...
Rs. 4000 Crore diverted by 11 Noida Housing Projects. Authority issues Notice
An audit of 14 housing projects in Noida, concluded by the international firm M/s Currie and Brown found that amount...
Maharera: Six developers fined for not following the rules under the RERA Act
The MahaRERA has imposed penalties ranging from 2 lakhs to 12 lakhs on six developers for not following the obligations...
Haryana projects which have not received a completion Certificate will be brought under RERA
After facing a lot of criticism for leaving almost 90% of the residential projects going on in the city outside...
Over 400 Real Estate Projects registered on Haryana's RERA Website likely to be launched next week
Gurgaon: On 29th July 2017, Haryana Government passed RERA in Haryana. But, the website for the RERA Registration in Haryana...
After implementation of RERA: Only 5 Completion reports issued in 18 Months
G Jagadeesha, commissioner, Mysuru City Corporation on Tuesday said, only five Completion Report’s (CR) issued of the Real Estate Regulation...
Formulation of Real Estate Forum by MahaRERA and CREDAI
A Real Estate Forum has been formalized by the MahaRera in association with Confederation of Real Estate Developers’ Associations of...
Appointment of H-RERA members by the Haryana Government
The Haryana Government nominated two members each for the twin H-RERA benches in Panchkula and Gurugram. Where, Rtd. District and...
COMPLAINTS FORUM LAUNCHED BY RERA
A new reconciliation forum launched by MahaRERA to address complaints of both developers and buyers. Now, Citizens can file an...
TNRERA is going to have Chairperson and two members
The appointment of chairperson and two members on Tamil Nadu Real Estate Regulatory Authority (TNRERA) is going to happen soon....
Manoj Nair appointed CEO of Smart City- Kochi project
An IT project has been deliberately united with the objectives of the Kerala state government to grow competitive and vivacious...
TNRERA appointed 186 certified agents to commence their business
TNRERA’s (Tamil Nadu Real Estate Regularity Authority) has generated the data of 186 Real Estate Agents and all of those...
Just 12 Percent Property Brokers Registered Under Maharashtra RERA
Maha RERA : Regardless of expanding deadlines, hardly 12 percent property dealers in Maharashtra have enrolled under the MahaRERA, the...
Sales to increase in real estate sector with the implementation of RERA
The real estate industry in the year of 2017 was remarkable and very challenging because of various changes like RERA,...
Goa RERA registration portal launched
GOA RERA: The RERA Act is aimed at monitoring the projects being developed by and builders at same time. It...
RERA acts against 4 builders for violating norms in Jaipur
RAJRERA: The Rajasthan Authority imposed penalty upon 4 builders for violating the norms of the Act’ 2016. While, Ginni homes...
25,000 flats will be delivered by March, says UP-RERA chief in Ghaziabad
GHAZIABAD: The principal secretary of housing and urban planning and the interim chairman of Real Estate Regulatory Authority (RERA) went...
MahaRERA Dismiss Complaint of Singer Jagjit Singh's Wife
Cases of Civil nature doesn’t fall in RERA  MAHARERA: Chitra Singh, gazal singer Jagjit Singh's widow and her grandson Armaan...
Maharashtra sets up tribunal to hear apeal against MahaRERA Rulings
MAHARERA: By virtue of the powers presented by the first provision to sub-section (4) of section 43 of Real Estate...
Notices to be served on 250 builders for giving incomplete details on Rera website (TOI)
GHAZIABAD: Nearly 250 manufacturers have outfitted fragmented data on UP Rera site and that all improvement experts have been told...
Over 250 Builders flouting RERA norms in Haryana
Haryana Real Estate Regulatory Authority (HRERA-situated at Panchkula) which is constituted under Real Estate (Regulation and Development) Act 2016 and...
Real Estate Regulatory Authority warns public to keep off 780 building projects in state
The RERA authorities in state of Karnataka placed in the capital city of Bengaluru have come to the rescue of...
20,000 registered real estate projects under RERA as of now
From the introduction of the Real Estate Regulation and Development Act (RERA), the real estate sector has seen some deep...
Projects in rural areas to be covered under Rajasthan RERA
The ongoing projects developed in rural areas of Rajasthan to be covered under the Real Estate Regulation and Development Act...
Central advisory council set up for effective RERA Implementation
A Central Advisory Council (CAC) has been set up by the Central government for effectual implementation of the Real Estate...
Residential launches increases in Hyderabad by 30% since 2014
For last 7 years, the real estate in Hyderabad has been in inactive stage which is now seeing an increment...
Jaypee set one’s sight on delivering 5,100 flats by March 2018
Jaypee infra set one’s sight on delivering its 5,100 flats and apartments by March 2018 from the ongoing tussle with...
RERA and GST impact: Corporate housing societies to be high-priced
The outbreak of the Real Estate Regulation and Development Act (RERA) and Goods and Services Tax (GST) has created such...
RERA Authority lags in Hyderabad, scrubs construction of 10,000 flats
Setting up of the Real Estate Regulation and Development Act (RERA) Authority lags in Hyderabad which has somehow came as...
Unitech’s weakness is regulation, takeover can not be a solution
The Ministry of Corporate Affairs (MCA) has moved straight out to take over the management of renowned Unitech Company considered...
Realty sector ascends for recovery after seeing fall off post RERA
The real estate market witnessed stoppage post the Real Estate Regulation and Development Act (RERA) but the market has started emerging...
RERA has slowdown the revenue from stamp duty collection
Since there has been slowdown in the registration of layouts and projects under the Real Estate Regulation and Development Act...
Panel formed to protect Homebuyers
NEW DELHI: The housing and urban affairs ministry has constituted a 30-member central advisory council, which will play key role...
Reforms bring Transparency in Realty Sector
Regulatory reforms brought through the Real Estate Regulatory Act (RERA)and transparency brought about by Goods and Services Tax (GST) will...
RERA issues 31 notices on builders over public grievances
DEHRADUN: The Real Estate Regulatory Authority (RERA) has served 31 notices to builders, most of them from Dehradun, over complaints...
Jurisdiction of RERA’s Gurugram Bench shrunk
The state government seems to have clipped the wings of the Gurugram Bench of the Real Estate Regulatory Authority (RERA),...
726 Rera-Registered projects in Nashik
NASHIK: As many as 904 new and ongoing real estate projects in Nashik region, including 726 projects in Nashik city,...
RERA, GST pull down Home Loan Growth
Mumbai: Home loan interest rates have dipped, but buyers’ sentiments have not improved, data shows, leading to a sharp fall in...
With RERA kicking in, NRI interest in Indian realty set to rise
Implementation of Real Estate (Regulation and Development) Act, 2016 will boost the Non-Resident Indian sentiments on Indian real estate sector,...
RERA's administration under Urban Affairs Ministry's Domain
The matters related to the administration of the RERA for regulation of the real estate sector and to protect the...
Rajasthan Housing Board Remains Out of RERA Ambit
JAIPUR: The Rajasthan Housing Board (RHB), a government agency which infamous for poor quality construction in the state still remains out of...
RERA tribunal to be ready in two months
Mumbai: The RERA (Real Estate Regulatory Authority) appellate tribunal will be formed in next two months, confirmed a RERA official. Nineteen...
The Times Real Estate Expo of RERA projects begins today
AHMEDABAD: Happening for the first time in Ahmedabad exclusively of RERA registered projects, The Times Real Estate Expo kick starts on Saturday at The...
Conciliation pick for home buyers from Jan before RERA plaints
PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) will, from January 2018, provide consumers with the conciliation option on its website before...
Developers step into Huda shoes to build roads in Gurugram’s new Sectors
GURUGRAM: Developers have come to the rescue of thousands of residents who have recently moved into new sectors (58-115). With...
DLF reopens sales, sells Rs 300-Cr flats in Gurgaon in Nov
NEW DELHI: Realty major DLF sold housing properties worth of about Rs 300 crore in Gurgaon in November when it reopened...
Govt to announce final 10 smart cities' names by Jan-end
NEW DELHI: The Centre will announce the next set of 10 cities for funding under the Smart City Mission by January-end, a...
GST relief for home buyers; realtors warned
VISAKHAPATNAM: In major relief to property buyers, especially apartments, Goods and Sales Tax (GST) authorities have warned realtors and construction companies of...
NHB pitches for lowering GST rate for affordable housing
MUMBAI: The housing finance companies’ regulator National Housing Bank is in talks with the authorities to lower the effective Goods & Services...
NHB pitches for lowering GST rate for affordable housing
MUMBAI: The housing finance companies’ regulator National Housing Bank is in talks with the authorities to lower the effective Goods & Services...
No possession date, no RERA relief, rules MahaRERA
Maharashtra Real Estate Regulatory Authority (MahaRERA) has dismissed a complaint from a home buyer against India Bull Real Estate Ltd for delayed possession ruling...
No ready mix plant in Noida without out approval: NGT
NEW DELHI: The National Green Tribunal has directed that no ready-mix plants will be permitted to operate at construction sites in Noida without...
RERA not ‘retrospective’, still let Parliament decide, says Bombay High Court
Mumbai: The landmark ruling of the Bombay High Court upholding the constitutional validity of the Real Estate Regulatory Authority (RERA) act...
CREDAI seeks government intervention to set up RERA tribunals
MUMBAI: Realty developers’ body Confederation of Real Estate Developers' Associations of India (CREDAI), through a letter to Hardeep Singh Puri, Minister for Housing...
Builders not liable to pay for ‘justified’ delays: MahaRERA
MUMBAI: The Maharashtra Real Estate Regulatory Authority has for the first time expanded the scope of reasons beyond a builder’s control. The...
Review Maharashtra RERA project completion rules: Bombay High Court
Bombay High Court (File photo)MUMBAI: The Bombay High Court has passed a remark, while dismissing builders’ plea against the constitutional validity of RERA, that...
Unitech Case: SC raps Centre on moving NCLT without permission
The corporate affairs ministry has now sought time till Wednesday to respond and take instructions on how to protect home...
Conciliation pick for home buyers from Jan before RERA plaints
PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) will, from January 2018, provide consumers with the conciliation option on its website before...
Supreme Court stays NCLT order allowing government to take control of Unitech
New Delhi: The Supreme Court on Wednesday stayed an order of the National Company Law Tribunal (NCLT) that allowed the government...
20 housing projects in Karnataka crooked, builders hustle
Karnataka Real Estate Regulatory Authority (RERA) has crooked 20 housing projects of developers. The list of developers whose housing projects...
All incomplete and ongoing projects to come under RERA
Bombay High Court on Thursday ruled out that all incomplete and ongoing projects to come under the Real Estate Regulatory...
Bombay HC orders on RERA clobbered Haryana Government
As per a recent order by Bombay High Court upholding constitutional validity of the Real Estate Regulation and Development Act (RERA)...
Bombay HC dismissed the plea of builders against constitutional validity of RERA
Recently, Bombay High Court reviewed the project completion rules under Maharashtra Real Estate Regulation and Development Act (MahaRERA). A remark...
Faith of investors is getting restored in the Indian real estate sector
Though Indian real estate sector is facing ups and downs with the implementation of government’s initiative the Real Estate Regulation...
MahaRERA outspreads the definition of promoter in RERA
Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced that landowners, investors having an area or revenue share in real estate...
“Possession can’t be delayed again and again for homebuyers” NCDRC
The possession of flats booked by homebuyers can’t be delayed. The apex consumer commission has said as it asked a...
Ongoing projects too would come under RERA ambit
Bombay High Court is upholding the constitutional validity of the Real Estate Regulation and Development Act (RERA) intimating that “ongoing...
Tribunal should accommodate judicial members only
Section 46 of the Real Estate Regulation and Development Act (RERA) which deals with the engagement of members of RERA...
States need to rectify RERA Rules following HC which diluted RERA
State authorities that diluted the definition of ongoing projects in the real estate sector under the Real Estate Regulation and...
RERA panel appointed to head RERA in Gurugram & Panchkula
Haryana government has set up a panel to head the Real Estate Regulation and Development Act (RERA) in Gurugram and...
System can’t be Blamed by Builders for delay in Delivery
Maharashtra Real Estate Regulatory Authority (MahaRERA) alleged that builders cannot blame the system to seek exemption from paying rectification to...
Legitimateness of RERA preserved by Bombay High Court
The Bombay High Court on Wednesday preserved the legitimateness of the Real Estate Regulation and Development Act (RERA), 2016 for...
HRERA Sent Notices to 160 Real Estate Builders in Haryana
Haryana Real Estate Regulatory Authority (HRERA) has sent notices to 160 real estate builders in Haryana for filing incomplete applications...
National Database of Housing Projects to be created by Urban Housing Ministry
A national database of all housing projects is to be created by the Housing and Urban Affairs Ministry. The idea...
Consumers want “No Stretch for Builders” in Delayed Projects
In protest against builders under the Real Estate Regulatory Authority (RERA) consumers established their own forum “Fight for RERA” comprising...
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...
Word “Bank” cannot be used in Names alleged by RBI
Reserve Bank of India (RBI) has alleged corporative societies not use the word 'Bank' in their names as it violates...
Now file Complaint against Builders at UPRERA’s Territory
Uttar Pradesh Real Estate Regulation and Development Act (UPRERA) once and for all will now have its own office. This...
Supplementary Housing Ventures to be on tracking system of TNRERA
Supplementary housing projects which were earlier exempted from Tamil Nadu Real Estate Regulation and Development Act (TNRERA) are now on...
Tax against unsold Inventories may initiate Realtors to Protest
The crunch in the real estate sector has intensified, as the Income Tax Department is all set to an excise...
Flat buyers moving to High Court in truancy of RERA Tribunals
Flat buyers in Mumbai are now moving to High Court in the absence Real Estate Regulation and Development Act (RERA)...
Builders in Punjab shutting their eyes to the RERA Act
Builders in Punjab are marketing their projects without getting them registered under the Real Estate Regulation and Development Act (RERA)...
Tamil Nadu sees Registration of 223 Housing Projects
Tamil Nadu has seen the registration of 223 housing projects under Real Estate Regulation and Development Act (RERA) until November...
If homebuyer cancels the Booking, Developer will not be liable for Refund
Maharashtra Real Estate Regulatory Authority (MahaRERA) laid off a complaint of a home buyer seeking refund of his money after...
1,100 real estate projects and agents registered in RERA
Since Real Estate Regulation and development Act (RERA) came into force i.e. 01/05/2017, it was made mandatory for real estate...
Number of unsold housing units lapsed to 6.85 Lakh across 7 cities
Recently, as per a property report number of unsold housing units lapsed to 6.85 Lakh across 7 cities. The national...
Builder told to deposit 1.7cr for order passed by MahaRERA to be stayed
Mumbai: Bombay high court on Thursday directed Runwal Homes to deposit Rs 1.74 crore if it wanted a refund order passed by Maharashtra Real...
Karnataka real estate industry concerned at RERA penal provision for delays
MANGALURU, NOVEMBER 10:   Real estate sector has expressed concern over the penal provisions in the Karnataka Real Estate Regulatory Authority...
Realty firms roll out discounts to woo buyers for under-construction projects
The push for under-construction projects comes at a time when most real estate firms are focusing on ready properties after...
Haryana RERA issues notices to 140 Builders
The interim Haryana Real Estate Regulatory Authority (H-RERA) has slapped notices on 140 residential projects across the state for "not applying" for registration under...
Government Statistics about complaints in RERA
As per recent statistics the real estate sector is fenced in a big jam. Over 6 Lac houses are running...
UPRERA Step against Builders Register 900 Complaints, 600 of them on GB Nagar
Mr. Mukul Singhal, chairman of RERA in Uttar Pradesh, who is also the principle secretary of Housing and urban planning...
RERA Now in Rajasthan
Real Estate Regulation Rules (RERA) framed under REDA Act was enacted by government that came force into effect from May...
MAHA-RERA FIRST HAVOC STEP, Issued notice to broker.
First legal step for non-registration in RERA Act 2016 has been taken in Maharashtra. Sai Estate Consultant of Maharashtra has...
MAHA-RERA 90 Day’s Skylight Came to An END
Among many harsh provisions for builders, Maha-RERA relief to builder community is on its last phase. Now the developers in...
RERA Decision Still Pending, Postpone by the Karnataka Cabinet
Whether deliberately or not the Karnataka Government is still failing to come to any conclusion regarding the implementation of RERA...
UP Government Has Rewritten RERA Rules Resulted In Dilution of Pro-Developer Clauses
The Uttar Pradesh government has rewritten the real estate regulation rules, doing away with pro-developer clauses that diluted the countries...
Process Of RERA Registration In UP Will Start Afresh
As Real Estate Regulation and Development Act 2016 came into force across India, Uttar Pradesh is one of the states...
Maharashtra Real Estate Regulator Take Action against Firms Who “Mislead Consumers”
The Maharashtra Real Estate Regulatory Authority (MahaRERA), take the first action on a real estate company for "misleading consumers." MahaRERA...
RERA May Sieve Out Non-Serious Players
Under RERA, (the new realty law that aims to bring transparency and accountability to the real estate market), all property...
Haryana has issued draft RERA Rules for 15 days
The State of Haryana on 28/4/2017 has issued draft set of rules for public opinion and suggestion. After 15 days,...
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