Search Results for: RERA Authority for violation of act

RERA Imposes Rs 2.5 Crs penalty on developers for failure to comply the RERA orders

UPRERA Authority has imposed penalty of Rs 2.5 crore against 11 developers for failing to comply with the authority’s order, which were in favor of homebuyers.

HARERA Fixes 1% Brokerage on Sale/Purchase in Real Estate Sector

A decision by the authority is a fundamental step towards constraining the real estate agents from exploiting extra money from buyers and sellers. The brokerage being fixed will turn down the chances of overcharging ultimately protecting the interest of homebuyers.

How IBC is Better than RERA for Homebuyers

IBC undoubtedly appears to be a better alternative in comparison to RERA. IBC offers a time bound resolution of the grievance of the homebuyers.

MahaRERA orders for Refund – Strikes down a Forfeiture clause as unjust and Deceitful

A milestone judgement by the MahaRERA Authority to ensure the development of the real estate industry by protecting the homebuyer’s interest by balancing the rights of homebuyers as well as project developers.

Haryana RERA issues Directions for Annual Audits of Builder’s Bank Accounts

The HRERA issued directions that promoters should get their accounts audited within six months after the end of every financial year.

First RERA Executing officer appointed in Madhya Pradesh

The government of Madhya Pradesh had amended RERA state rules for the appointment and issued a gazette notification regarding the same.

UP-RERA to hand over stuck projects to new developers for carrying out the development works

The UP-RERA Authority has ordered to revoke the registration of these existing developers whose projects have been standing-out for more than one year.

Haryana amend rules to grant Refund again to RERA Authority

The Haryana government amends the Haryana Rera rules in order to bring the power of refund within the purview of Rera authority established at Panchkula and Gurgaon

Does States have the power to dilute the RERA Act

The RERA laws explicitly says that the appropriate government shall only make rules for the smooth functioning of the act and it does not say anything about States powers to dilute the Central law.

Builder stands in violation of MahaRERA’s order of refund

The RERA authority of Maharashtra ordered a builder to refund an amount of Rs. 1.8 Crore to a homebuyer because after the passage of two years the builder failed to register agreement to sale and had already charged 30% of the price.

An overview of RERA implementation in Gujarat

After the implementation of the RERA Act, the State of Gujarat has notified its final Gujarat RERA Rules, 2017 on 29.10.2016 which prescribes regulation, form and process.