UP-RERA’s Strict Action against Ansal API for Non-Compliance of Orders
UP RERA has imposed a fine amounting to Rs.1 Crore on ANSAL API for the non-compliance of orders passed by the authority.
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Can home-buyers remove the builder from the project?
There have been few instances where the project is stalled and the association of the allottees have been handed over the project to complete the remaining construction of the project.
Can homebuyer approach NCLT before RERA?
RERA has been specifically setup to regulate the real estate sector therefore one must approach RERA before approaching NCLT.
RERA Orders remain on Paper
The authorities of most of the states have passed numerous orders but none of them have been executed in reality. The orders remain on paper and developer/ promoters have not complied the order.
Penalty on builder as the terms of settlement was breached by the Builder
MahaRERA had setup a Conciliation Forum for aggrieved homebuyers who can approach the forum to get their grievances solved, before lodging complaints with the MahaRERA.
Agreement to lease falls within the scope of RERA
The Real Estate Industry in India has seen a drastic change after the Real Estate (Regulation and Development) Act, 2016 (RERA) coming into picture. Though the Act is applicable to all the states of the country but Maharashtra seems to be quickest amongst all. The Maharashtra Real Estate Regulatory Authority (MahaRERA) and the Adjudicating … Continue reading “Agreement to lease falls within the scope of RERA”
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”
HOW MAHA – RERA PROVIDES GREAT TRANSPARENCY TO REAL ESTATE SECTOR
Government of Maharashtra notified RERA rules and established Maharashtra Real Estate Regulatory Authority (Maha-RERA), vide Notification dated 8 March 2017, for regulation and promotion of real estate sector in the State of Maharashtra.
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