Big Relief for Developers- Government issues direction for relaxing RERA Norms

Ministry of Housing and Urban Development issues notification asking RERA Authorities across India to grant extension to Real Estate Projects for a period of 6 months and maximum to a period of 9 months.

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.

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.

Will The Unhappy Home Buyer Return To Under-Construction Properties?

The government is undertaking efforts to establish homebuyers’ confidence for committing to under-construction homes by encouraging states to implement RERA, which would protect the buyer’s interests