Rajasthan RERA says no to builders for extention of possession date
According to the Rajasthan RERA If the possession is not provided on the given date then it will amount to punishable offence.
Search Results for: extension of projects
Punjab gives another chance to developers to register with RERA
Punjab RERA some sections of the Act were enforced with effect from 1st May 2016 although it came completely into force from 1st of May 2017, Chairman of the Punjab RERA is IAS Sh. N.S. Kang.
Developers step into Huda shoes to build roads in Gurugram’s new Sectors
Developers have come to the rescue of thousands of residents who have recently moved into new sectors (58-115). With Huda facing financial crunch
RERA not ‘retrospective’, still let Parliament decide, says Bombay High Court
The landmark ruling of the Bombay High Court upholding the constitutional validity of the Real Estate Regulatory Authority (RERA) act
Review Maharashtra RERA project completion rules: Bombay High Court
Bombay High Court (File photo)MUMBAI: The Bombay High Court has passed a remark, while dismissing builders’ plea against the constitutional validity of RERA, that Maharashtra’s RERA rules need to be changed after taking “a fresh survey of the rules. The remark was made with reference to Section 6(a) of the Maharashtra Rules 2017 that refers to grant or rejection … Continue reading “Review Maharashtra RERA project completion rules: Bombay High Court”
SC refuses to grant more time to Jaiprakash Associates for depositing Rs125 crore.
New Delhi: The Supreme Court on Thursday refused to grant extension of time to Jaiprakash Associates Ltd (JAL) to deposit Rs125 crore. The amount is to be deposited by the end of this month. JAL was seeking time until 31 January to deposit Rs125 crore. As of now, the company’s liability is Rs1,525 crores. “Comply with … Continue reading “SC refuses to grant more time to Jaiprakash Associates for depositing Rs125 crore.”
Legitimateness of RERA preserved by Bombay High Court
The Bombay High Court on Wednesday preserved the legitimateness of the Real Estate Regulation and Development Act (RERA), 2016 for all incomplete and ongoing projects. Several real estate developers and individual plot owners had challenged the constitutional validity of the act and some of its provisions. A bench comprising of Justice Naresh Patil and Justice Rajesh … Continue reading “Legitimateness of RERA preserved by Bombay High Court”
Morning after RERA Deadline July 31, 2017
An escape window of 90 days was provided to the developers so that they can register their new and ongoing projects under RERA.
RERA DEADLINE NEARS BUT REGULATORS NOWHERE
As RERA deadline nears, regulator in Noida and Greater Noida are nowhere to be seen. RERA was notified in October last year and took effect in UP in May 2017 and July 31
Pressures on property prices will remain in Delhi-NCR
The good days of real estate in Delhi-NCR are not currently returning. Although the property market is recovering after the ban on bank postings, recent legal changes have put a double pressure on demand and prices. According to the estimate of the next three months of Property Portal MagicBricket, there is no scope for prices to increase in 70 to 90% of the areas.
Builders plan over 1 lakh affordable housing units in NCR
It’s hard time for affordable housing. In the Delhi-NCR region alone, over one lakh apartments are likely to be built in this segment in the next couple of years, with builders betting on a spurt in demand following sops announced by the government in this year’s Budget. Supertech, Signature Global, Gaursons, Raheja Developers, BDI, Tulip and many others are planning to launch residential projects in this category.
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