Search Results for: protect the interest of homebuyers

Supreme court directed central government to frame model builder-buyer agreement

It is important to frame a model builder-buyer agreement to seek out transparency and uniformity and to protect the interest of homebuyers and consumers from builders’ unfair practices.

UP RERA missing the mark in securing Recovery Certificates

The authority should take proper cognizance and ensure compliance of Recovery Certificates by builders and protect the interest of homebuyers.

Statutory Compliance under RERA Act, 2016

The provisions were not sufficient to render punishment to the developer and the builder for misconducting and breaching the terms and conditions of the builder buyer agreement in the long run.

No Fresh License to Builders with Delayed Projects: HARERA

The Haryana Real Estate Regulatory Authority has issued notice to Empire Realtech Pvt Ltd along and an associated company, CHD Developers for completion of ongoing projects or face cancellation of registration. The HARERA has decided to debar builders from acquiring fresh licenses whose previous projects have been delayed. Also, the authority will blacklist such builders and a list of 50 builders in Gurugram has already been prepared.

Homebuyer with refund order is financial creditor, not a homebuyer any more

The homebuyers who have got RERA refund orders and if builder has defaulted in making the payment, you can file case before NCLT under IBC laws

Stuck with a stalled or unfinished project-What is the way Forward?

The UPRERA allowed the homebuyer’s association of a project to take charge of the completion of four stuck projects. Discussions are still going on with the original builder Jaypee Associates to come on board as contractor.

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.

Time to exercise Suo Motu Powers by MahaRERA– An Analysis

Explained why and how MahaRERA should implement and use Suo Motu Power and speculate about the effects of Suo Motu Powers on the homebuyers.

Are Builders more threaten by NCLT proceedings than RERA?

A growing number of Builders, Developers, Promoters and stakeholders in the Real Estate Industry are backing RERA to be the first applicable redressal mechanism to homebuyers.

What Happens if The Builder is not Registered with RERA?

As a buyer if you aware that a project should be registered then you can move a plain application to that effect before the RERA Authority and they shall take a suomoto cognizance over the same.

Where to file property related issues?

If the builder is delaying in giving possession or not giving the property as per the agreements there are some effective legal remedies for the aggrieved homebuyers under the law.

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

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”