A clear evidence of the harsh reality which is prevailing in the state of Bihar that most of the builders in the state are willingly avoiding the compliance with the provisions of RERA.
On Real Estate transparency index India moves 35th spot
It took 2 years to India to moves one spot up from 36th to 35th in the global real estate sector, despite the RERA Registration Act.
HRERA: Applicability of RERA on registration of projects if occupancy certificate has been applied
Occupancy Certificate has been obtained & Completion Certificate has been/ is to be applied/ obtained– Registration of project under RERA is not applicable
UPRERA: More than 1500 projects in Uttar Pradesh may be penalized
In the hue and cry of registration process after the implementation of RERA many builders were unable to provide all the documents and information while getting the project registered.
All about DIR-3 KYC
As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to be notified and deployed shortly.
Suo Moto Removal of Name of Company by Registrar
Section 248 of the companies Act 2013 deals with suo-motu removal of name of the companies from the register of companies maintained by Company registrars.
RERA in last one year for homebuyers
This is not compulsory that all RERA registered projects are investment worthy ,there are many projects registered under RERA on which investing money will become the worst decision of your life.
Gujarat government makes more rules for strict compliances of GUJRERA
The RERA department of Gujarat government is working to give the practical shape of RERA Rules what is meant to be.
HRERA: RERA fined Parsvnath with rupees 5 lakh for not following his orders
HRERA: Haryana RERA had imposed a penalty of rupees 5 Lakh on Parsvnath Developers for not following its orders.
UPRERA: Builder arrested for not paying back the money
First arrest under the RERA. Anil Mithas, the promoter of IVR Prime IT Private Limited, was arrested on Friday after he failed to pay to the administration.
Revival of Struck off Companies
Section 248(1) of Companies Act 2013 provided for suo moto power of ROC to struck off the company name If registrar has reasonable cause to believe.
RERA and the IBC to the rescue of homebuyers
The IBC (Amendment) Bill 2017 was passed by the Lok Sabha to form the base for covering loopholes in prevailing code and to increase the effectiveness of the resolution.
New IBC Ordinance effect on RERA
The purpose and the objective for Enacting IBC is different as Compared to RERA Act, which explicitly focuses in resolving land sector disputes.
All about RBI diktat in invoking Insolvency Resolution
Reserve Bank of India Governor Urjit Patel put his signature to a historic order for recovering over Rs 3 lakh crore from the top 12 defaulters, just 10% is in banks
MahaRERA: Mumbai Homebuyers, MahaRERA Orders A 7.10 Crore Payout!
The recent order passed by the Bombay High Court is remarkable as it conceivably covers a noteworthy loophole in the real estate regulations.
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