Government Announces RS. 25,000 Crore Relief Fund for Homebuyers
The government has shown grave concern regarding pendency in the real estate sector and announced a government-funded stress fund for unfinished projects.
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Consumer Forums back in the game-orders full refund in case of Delayed Possession
Chandigarh consumer commission coming to the rescue of the homebuyers has been able to restore its faith among homebuyers.
Centrik helped to get justice to 144 home buyers by handover of stalled projects
Centrik is feeling proud to being helping hand to the 144 aggrieved homebuyers to get justice on handover stalled projects.
Remedy for Companies after strike-off order passed by ROC
All the struck–off companies can approach NCLT under section 252 of the company act for the revival of the struck-off company against the order of ROC.
Brief of Supreme Court’s Verdict on Amrapali Mess
A brief of verdict given by the Supreme Court on July 23, that the Amrapali Group has violated the doctrine of public trust by permitting diversion of funds of homebuyers.
Execution- Yet another hurdle for Homebuyers
In UP RERA, a separate department has now been made to look into the matters where the execution of the order has not been done.
Penalty of Rs 1.5 Lakh slabbed on builder for failure to register sale agreement
MAHARERA keeping up with the spirit of the Act recently has passed an order asking the builder to pay a sum of Rs.1.5 Lakh as penalty to the RERA authority for not registering the sale agreement.
Registration of sale agreements are mandatory if homebuyers want interest
The UPRERA asked the builders to get their sale agreements registered, which will be necessary for the home buyers to seek interest in case of a delay in granting possession by a developer.
Builder cannot evade from penalty claiming the project to be new
The on-going projects cannot come under the category of the new projects only for the purposes of not paying the penalty against the delay in registering an on-going project.
Airoli developers to pay compensation to home buyers
Complaint filed against the developer Shahaji Javir for delaying the possession for a period of 9 long years of the flat booked in Nitin Enclave at Airoli in the month of June of year 2018.
DLF reopens sales, sells Rs 300-Cr flats in Gurgaon in Nov
Realty major DLF sold housing properties worth of about Rs 300 crore in Gurgaon in November when it reopened sales after five months of suspension.
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 of homebuyers. The forum touts the RERA Authority not to grant stretch to builders who have already delayed their projects. The forum feels that any further stretch will violate the said RERA Rules. It was … Continue reading “Consumers want “No Stretch for Builders” in Delayed Projects”
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 22, 2017. Tamil Nadu notified the RERA Rules on June 22 this year and sooner its authority came into force as Tamil Nadu RERA Authority (TNRERA). As per TNRERA Rules, new housing projects with a … Continue reading “Tamil Nadu sees Registration of 223 Housing Projects”
Registration of Ongoing Real Estate Project in Delhi
As per section 3 & 4 of ‘Real Estate (Regulation & Development) Act, 2016 readwith rule 4 of above Rules, for the real Estate projects that are ongoing
WILL STATE BE RESPONSIBLE FOR AFFECTING THE UPKEEP OF BUILDERS AND WORKERS?
As per central government recent press release, it is clarified that no developers shall be allowed to market their projects without getting registration under Real Estate Regulatory Authority (RERA).
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