Delay in Possession? Numbers justify implementation of RERA
Delayed possessions or no possessions at all and even in cases where apartments were given the amenities promised were lacking or not at all present in the developed projects.
Delayed possessions or no possessions at all and even in cases where apartments were given the amenities promised were lacking or not at all present in the developed projects.
The conclusion has been drawn by the RERA authorities of different states that complaint having nexus with unregistered complaint will fall under the jurisdiction of RERA.
The state Gujarat ranks third with almost 3300 registered real estate projects both new and ongoing. Maharashtra tops the list and has played a proactive role in implementation and adoption of the real estate law.
The Real Estate (Regulation and Development) Act, 2016 came into existence last year with the sole motive to safeguard the interest of the aggrieved home-buyers but as RERA complaints in various States are rising up simultaneously pertinent issues or questions related to the litigation are also going up. Lately, few incidents have happened, wherein home-buyers … Continue reading “RERA: What if the civil court has already decided the matter before the RERA implementation?”
After the implementation of Real Estate (Regulation and Development) Act, 2016, any person who is aggrieved because of the delay in execution of buyer builder agreement after payment of more than 10% of the cost of apartment/plot/building can a file a complaint before RERA Authority of the State for execution of the agreement. If builder denies to execute … Continue reading “Will RERA execute the builder-buyer agreement as the Builder fails to do so?”
The builders are taking force-majeure clause in the agreement as an excuse to escape their liabilities and get rid of the demanded claims.
The purpose and the objective for Enacting IBC is different as Compared to RERA Act, which explicitly focuses in resolving land sector disputes.
The Real Estate Regulatory Authority Mumbai is experiencing a rough task in handling with housing ventures that are not registered under RERA, over which it has no control.
A complaint was filed by Umesh Vyas against the developer Prima Terra Buildetch Private Limited and Satsasang Bharti CHS Ltd. The complainant approached MahaRERA seeking the interest on delayed possession.
Maharashtra housing and slum rehablitiation are not yet covered under RERA, it has been in all over news that RERA has proposed to include these projects under its ambit.
Maharashtra Government has decided to bring in tenanted or cessed buildings under RERA. The motive to include these building under RERA ambit is to provide protection to the consumers
MahaRERA: Maharashtra is the only state to set up a Conciliation Forum as an alternative platform for home buyers and developers to resolve disputes outside the Court.
Further every State RERA Appellate Tribunal has a right to decide the procedure for filing an appeal under Rule 25 of the UPRERA Rules.
The Maharashtra RERA in its ruling shed some light on the refund of booking amount as in its order the authority directed the developer to give back the booking amount.
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”