NHB asks housing finance companies to abstain from financing subvention schemes

The National Housing Bank (NHB) has asked housing finance companies (HFCs) to “desist from offering” loans for subvention schemes offered by developers.

RERA: When builder does not deposit the 30% amount for filing an appeal

The developer was directed by the RERA Authority to return the money of the few-flat buyers. However, the order was challenged but the builder was unable to deposit the amount required.

Does RERA have sufficient powers to align with the purpose of the act?

The RERA Authorities of the various States have passed some landmark Judgments as RERA law provides them sufficient powers for the smooth functioning of their duties and role.