Amrapali Group is one of the biggest case where lot of homebuyers were struck. The plight of homebuyers of stuck projects is being heard. Hon’ble Supreme Court while hearing the matter of Amrapali Group, on 01/09/2020, asked SBIcap to issue funds of Rs. 625 Crs from the SWAMIH Investment Fund to complete the pending 6 project of Amrapali Group.
Tag: RERA-Registration
MahaRERA orders CCI Projects to Pay Interest on Delayed Possession
The MahaRERA in three separate orders directed the CCI Projects Ltd to pay interest on delayed period of possession after the ongoing six-month moratorium due to covid-19 crisis is over.
UP RERA orders forensic audit for all projects being developed by 3C
Real Estate Regulatory Authority in Uttar Pradesh orders Forensic audit of errant developer 3C.
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.
An Awareness for Tamil Nadu Developers – RERA
Almost every State RERA Authority has started functioning to serve the purpose of the Act and ensuring that no provisions are left untouched by the Builders or Developers. In this article we are going to discuss about the functioning of Tamilnadu RERA Authority.
Real Estate agents not registering under rera citing lack of awareness
With real estate accessible in relatively every corner of the State, from shops offering photocopying facilities to visit organizations, one would envision that the total of all the real estate agencies could run into a few thousands.
MahaRERA to set up conciliation teams forms a 33-member forum
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has created a forum of 33 conciliators to set up 15 groups containing two individuals each
Why RERA Registration is must for Builders?
A detailed article where we are explaining that why RERA Registration is the must for Builders?
RERA Obligations and RERA Compliances for Builders– Failure attract heavy penalty
If any on-going project has not registered under respective State RERA, such project may have to face huge penalty which may be up to 10% of the project cost.
Penalties for no RERA Filing for Developers in Tamil Nadu
The State government of Tamil Nadu alleged that developers must register their ongoing projects before selling or advertising. In case developers fail to register under the RERA Act he will face heavy penalty.