Builders to pay processing fees: HRERA Gurugram
The fees to be paid by the promoter/builder in case of registration of the Real Estate project with the RERA Authority which is a mandate under Section-3 of the Act.
The fees to be paid by the promoter/builder in case of registration of the Real Estate project with the RERA Authority which is a mandate under Section-3 of the Act.
The question arises whether after granting the registration the authority can cancel or revoke it if the promoters are not complying with the requirements of the Act or the Rules?
An order passed by the Supreme Court, every project whether registered or not shall have to display the sanction plan of the project at the site of the project.
The Government has framed these rules for blacklisting developers, contractors and architects responsible for any sort of illegal and unauthorized constructions in Delhi.
IBC and RERA Act, enacted in 2016, appear to be pitted against each other as far as protecting the interests of bankers and home buyers are concerned.
An order passed by the supreme court in favour of the aggrieved home buyers who have been waiting to get justice against named builders of the country which is the AMRAPALI Group and UNITECH.
Homebuyer is a person who buys or expects to buy a house. And A promoter is an individual or organization that helps raise money for some type of investment activity.
Bihar RERA Authority has issued a show cause notice to four companies in collaboration with Agrani group, a real estate company, for non compliances with the provisions of the act.
UP RERA has notifies the process & fees for editing the registration information and details provided at the time of RERA project registration.
HARERA Gurugram seems to be on a mission and they are not in a mood to give any scope to the builders where they even try to escape.
The Rajasthan Authority imposed penalty upon 4 builders for violating the norms of the Act’ 2016.
According to the act, all the on-going projects in States should register with State RERA Authority till 31st of July 2017. But this clause has just become an immaterial requirement for registration under RERA.
RERA Registration: The builders they are probing RERA Authority for 90-day window from the date of notification of RERA Rules to get themselves registered.
The State government advised the builders to register to register their ongoing projects under RERA Act. If the promoter fails to do so, they will be inviting cumbersome penalty.
The Real Estate Regulatory Authority Act, 2016 (hereinafter referred to as RERA Act) intends to provide efficiency and transparency to the real estate market, with one of the key priorities being to defend the interests of purchasers in the real estate sector.