MAHARERA decided that complaint is not maintainable as the Complainant has cancelled the booking in March 2016 RERA Act, 2016 came into force.
Category: Business Advisory
HRERA: RERA will have a watch on the delayed project of Greenpolis
The HRERA Authority, Gurgaon has become operational in the month of March 2018 but having said that, it has now started giving some landmark decisions.
RERA: What if force majeure clause taken as a defense by the builders
The builders are taking force-majeure clause in the agreement as an excuse to escape their liabilities and get rid of the demanded claims.
RERA: Jurisdiction over the complaints where projects was completed before the enactment of the act
The RERA act has brought the benefits to the aggrieved home-buyers in huge quantum but still after a year there are multiple issues over various provisions of the act which needs to have some clarification.
Digitisation of the property records in secondary Real Estate Market
The chairman of HRERA Authority at FICCI conference and said that the digitisation of the property records should be improved in order to have transparency in the secondary Real Estate market.
MahaRERA: Material suppliers to come under RERA for poor quality construction
MahaRERA mandates the promoters to upload the information relating to suppliers and vendors of the construction material on their respective website.
Ponzi Schemes Versus The Government of India
Ponzi Scheme- A form of fraud in which an apparent businessman allures the investors and pays profit to them and to earlier investors out of the money received from the new investors.
Bihar RERA getting stringent regarding RERA Compliance in the State
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.
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