Deregistered Projects and Homebuyers- The Road Ahead
This is the first time that a RERA Authority has ordered the deregistration of a project on the grounds given under section 7 of the RERA Act, 2016.
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What if builder does not have occupation certificate for the project?
There are such no. of cases wherein Builder does not have OC but they are offering the possession to the Home-buyers; even knowing the fact that this is an illegal act.
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.
Assured Returns: Not for Real Estate Projects
The Gurugram RERA known as H-RERA is about issue a notification for the builder who are trying attracts the home buyers by making an offer of ‘Assured Returns’.
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.
Importance of Occupancy Certificate while buying property
Without occupancy certificate possession of flat is not a lawful possession and it is equivalent to a rented home which can be evacuated anytime by the discretion of State Authority.
Brochure of Project: A legal entity or not?
Brochures of Project were printed and distributed before the commencement and implementation of RERA therefore, the same cannot be treated as legal entity.
Allottees Grievances Redressal Forum will now deal with post possession issues
The grievances of the homebuyers who have already taken the possession will be entertained by the AGRF now as the matters related to delay in possession of ongoing projects is under the purview of HRERA.
2018 – A boom for Karnataka Real Estate Industry
The floating population of Bengaluru is too high due to the raise of IT industries, the development of residential projects were also in a free flow since 2011.
Real Estate Regulatory Authority warns public to keep off 780 building projects in state
The RERA authorities in state of Karnataka placed in the capital city of Bengaluru have come to the rescue of home when on Wednesday they released
Union Minister M Venkaiah Naidu Appeal State Not to Miss Deadline: Any Disorder Will Not be Tolerable
The letter states, “If the rules are not notified under the Act immediately and the Regulatory Authority established by July 2017,
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).
Maharashtra Real Estate Regulator Take Action against Firms Who “Mislead Consumers”
MahaRERA has imposed a fine of Rs. 1,20,000 on Sai Estate Consultant, for advertising unregistered real estate project of Haware Builders and misleading the consumers.
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