Under this forum, the aim is for the home buyers, builders or real estate agents to get their grievances amicably resolved before filing a complaint with the RERA authority.
3 Years since IBC- A road to Success
Since IBC enactments, it is necessary to consider the hits and misses of this momentous legislation so as to truly exploit the potential of the insolvency regime.
HRERA-GURUGRAM- Relief for Homebuyers as Adjudicating Officer grants Refund
The Hon’ble Adjudicating Officer took no time and in the short period of a span, gave relief to several homebuyers by granting not only refund but also compensation.
Parsvnath brings hope in times of uncertainty waive off Interest for homebuyers
Philanthropic step to waive off the interest over the outstanding amount on pending payments from homebuyers and allow something called as interest holiday by the Parsvnath Developers along with its associate companies.
UP-RERA to grant relaxation to developers only after being functional
RERA Authorities being regulators are trying to help the Developers in one form or the other. Maharashtra & Karnataka-RERA have already given a three-month extension to registered projects.
Supreme Court extends ‘Limitation Period’ amid COVID-19 Crisis
The timelines prescribed under the Limitation Act or different laws like Insolvency and Bankruptcy Code, 2016, the Arbitration Act, 1996 or any other action will stand extended.
Karnataka RERA extends the completion deadline of registered projects by 3 months
Karnataka RERA has given a deadline extension of three months to all registered ongoing Real Estate Projects across the State.
NBCC to handover 27,223 houses of Amrapali Group soon
Out of the total 45,000 houses in the stalled projects of Amrapali Group, the process of completion of about 40000 housing units has begun. A huge relief to the homebuyers.
COVID-19 Crisis-The government should protect the interest of the Homebuyers
Due to COVID-19 the most affected have been the real estate industry as both the demand as well as the supply side has been adversely affected.
MahaRERA extends the registration of Real Estate Projects by 3 month
Due to nation wide lockdown MahaRERA extended the period of validity for registration of all registered Real Estate Projects by 3 Months.
Hope in Times of COVID- 19, 1% Concession on Stamp Duty in Maharashtra
Period of two years is kept keeping in mind the fact that such reduction will give life to the real estate and people would show more interest in immovable property.
Builders seek relief on finance from Ministry of Housing Affairs
The novel Coronavirus outbreak has worsened the liquidity crisis and worsened the already slowdown that has been going in the Real Estate Sector.
Period of Lockdown to be Excluded from Insolvency Process- NCLAT
The period of lockdown imposed by the Central Government in the wake of COVID-19 outbreak shall not be counted for the purposes of the time-line for any activity that could not be completed due to such lockdown.
Reverse CIRP under IBC- A boon or Curse for the Homebuyers?
Earlier the allottees had an option of claiming refund of the entire amount. But under the reverse CIRP, the allottees will not be able to claim the refund.
All About- Moratorium and its relevance under IBC
The term Moratorium is nowhere defined in the Code, however, the term in basic parlance means, ”a stopping of activity for an agreed amount of time”.
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