Rajasthan RERA Swings into Action
Rajasthan RERA get into action at full swing as the appointment of the chairman, other officials and retired judges in the Appellate Tribunal is already done in May.
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Execution- Yet another hurdle for Homebuyers
In UP RERA, a separate department has now been made to look into the matters where the execution of the order has not been done.
What if the agreement does not mention the possession date?
Not mentioning the date of giving possession to the buyer is a clear matter of fraud and misrepresentation and as per the Maharashtra Ownership of Flats Act of 1963.
RERA Applicability on the projects which were delivered before the RERA Act
In many of the instances, the RERA Authorities receives the complaint of the projects which were handed over long ago before the RERA.
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.
Bombay High Court: Deposit 50% of the refund amount to hear the case
The high court upheld the decision of the Appellate tribunal by directing the builder to deposit the 50% of the refund amount as ordered by the authority in order to hear the plea.
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’.
RERA or IBC-Under which law Homebuyers are well protected?
RERA or IBC- Both the laws provides with the subjective approach depending upon the facts of the case and the situation of the developer.
RERA: Where No Builder-Buyer Agreement is Signed
Although, the home-buyers are taking a sigh of relief but what if there is no Builder-Buyer agreement executed between the Builder and buyer.
RERA orders forensic audit on Ansal’s
The Lucknow bench after hearing a series of complaints against Ansal’s in particular, it has ordered for the forensic audit of the builder, as the bench thinks the homebuyer is genuine hence it has put restrictions upon the activities of the Ansal.
Can builder escape from the RERA Registration?
TNRERA has come to the conclusion that the builders/promoters are not allowed to split the project until the consent from the two third buyers of the project have been obtained.
Should Home Buyer under RERA be given preference under Insolvency And Bankruptcy Code, 2016
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.
Benefits for Homebuyer under RERA
RERA Authorities are functional in almost all states. The authorities though being on nascent stage are trying their best to deliver justice to all the aggrieved homebuyers.
UP RERA orders Ansal API to resolve the issues within a week
In the cases against Ansal API Group one of the member Mr. Balwinder Singh has ordered Ansal Properties & Infrastructure Pvt. Ltd. to dispose off the grievances of the allottee within a week.
New Mechanism to be developed for completion of projects in Gurugram-HRERA Chief
At present there are more than 4000 projects and 600 real estate agents being registered with the HRERA authority. Though the registration will not affect the remedy and a complaint can filed against any developer.
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