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RERA AMENDMENT
Homebuyer wins full refund with Rs 1.57 crore interest in MahaREAT as builder delays possession by 3 years, citing MHADA-MCGM disputeHomebuyers have won a significant victory as MahaREAT ruled a builder cannot use inter-authority disputes to justify possession delays exce...- Now homeowners can file online complaint against builders for illegal transfer charges in Uttar Pradesh; Step-by-step guide on how to do itHomeowners in Uttar Pradesh can now file online complaints against builders for illegal transfer charges. UP-RERA has activated a new mecha...
- Builder declares insolvency, buyer pays the price: BJP MP Bajpai demands RERA overhaul in Rajya SabhaThousands of homebuyers are facing distress as builders declare insolvency, leaving projects incomplete. Uttar Pradesh BJP MP Laxmikant Baj...
- MahaRERA makes submission of quality assurance by project developers mandatoryThis certificate will be based on various factors that determine the quality of the project, including the project’s structural design, sta...
- DDA must register real estate projects with regulator, says Delhi-RERA chairman Anand KumarThe Real Estate (Regulation and Development) Act, known as RERA, was passed by Parliament in March 2016 and the legislation came into force...
- Supreme Court’s RERA jurisdiction verdict may compel states to amend rulesIn addition to dilution in jurisdiction of RERA, homebuyers have also been highlighting dilution of rules, including terms and the fines pa...
- MahaRERA plans to amend rules governing home sale agreementsThe regulator has formed a committee to consider recommendations on two key issues – model agreements for commercial and residential apartm...
- Homebuyers seek PM's help on right to take errant realtors to NCLTLast year, the government amended the Insolvency & Bankruptcy Code to treat homebuyers as financial creditors and allowing them to initiate...
- Rera authorities may seek powers to attach projects of errant buildersReal estate regulators from across states have gathered in Lucknow and sources said they would push for amendments in the Real Estate Regul...
- Homebuyers’ body asks PMO to bring RERA officials under CVCThe FPCE has recommended an orientation course for all RERA officials in which they are counselled to stick to the brief.
- RERA should be amended to plug loopholes: H-RERA ChairmanAccording to Khandelwal, the existing stipulations and provisions of RERA Act have many loopholes that need to be plugged in the interest o...
- Minimum registration fees down by MahaRERA, rural areas to benefitThe change has been effected in accordance with the amended rules issued by the Maharashtra Housing Department on June 6, MahaRERA official...
- Maharashtra RERA: No advertisement expenses in construction costsAmended RERA rules ensure there is more money available for completion of projects.
- Consumers’ body wants govt to bring projects for revamp under MahaRERAMumbai Grahak Panchayat on Dec 31, 2018 wrote to CM Devendra Fadnavis to bring more than 6,000 redevelopment projects in the three cities u...
- Govt forms committee for 'effective' implementation of real estate law RERARERA, which protects the interest of home buyers, empowers states to notify their rules and appoint regulatory authorities.
- Won't amend RERA provisions, says Hardeep Singh Puri, warns states against tweaking real estate lawPuri said the states which have made its own rules by tweaking provisions of the RERA, will have to "fall in line, otherwise, the consequen...
- Are home buyers secured financial creditors or unsecured creditors under IBC?Under IBC the difference between secured financial creditors and unsecured financial creditors mostly has an implication on the priority of...
- No change in real estate law, Puri tells buildersJune 30 has also been set as the deadline for establishing permanent regulators, start websites and the tribunals as prescribed in the law,...
- ET View: Amend IBC to bring it in sync with RERAFor this, the government must amend the IBC to recognise the legitimate claim of home buyers. After all, they use their lifetime savings to...
- Real estate laws of states can spoil realty Bill cheer for homebuyersThe RERA comes under the purview of the Concurrent List and hence both the Union and the states can legislate which may create confusion.
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