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RERA ENFORCEMENT FAILURES
Homebuyers’ body FPCE urges PM Modi to restructure RERA as consumer protection lawThe Forum for People’s Collective Efforts has urged Prime Minister Narendra Modi to overhaul the Real Estate (Regulation and Development) A...- When ‘almost complete’ means years of waiting: How RERA extensions are pushing possession dates further away for homebuyersMany housing projects miss their completion dates and seek extensions. A MahaRERA analysis shows many projects have extension histories. Re...
- SC rejects proposal of Parsvnath Developers for homebuyers, asked it to file anotherThe Supreme Court rejected Parsvnath Developers’ proposal on handing over flats or repaying homebuyers, calling it another device to delay ...
- No possession of flat after 3 years of signing sale agreement: Homebuyer to get Rs 14.17 lakh refund with Rs 6.4 lakh interest; know how she won the case in TGRERANo flat delivered even after three years of signing sale agreement: Homebuyer wins refund with Rs 6.4 lakh interest, TGRERA order. Laxmi Na...
- Ageing housing societies: How homeowners can avoid losing their homes and money to redevelopment delaysAgeing housing societies that were promised bigger, modern living spaces have seen builders abandon or stall construction for years, with l...
- Builder skipped mandatory RERA insurance? Why homebuyers face big risks and what to do nowBuilders are legally required to secure insurance for housing projects under RERA Section 16. This insurance covers land title and construc...
- Waited long for a delayed project? Punjab RERA says no extra compensation for homebuyer other than interest for delay periodA homebuyer who opted to continue with a delayed housing project in Chandigarh will only receive RERA-mandated interest compensation for th...
- ET Explainer: What MahaRERA’s compensation recovery SOP means for homebuyers, developersMahaRERA has introduced a new standard operating procedure for compensation recovery, mandating asset disclosure and a time-bound enforceme...
- Possession delay: MahaREAT asked homebuyer to pay Rs 13 lakh interest to builder despite 2.5 years delay in delivery of Rs 1.65 crore apartmentA Mumbai homebuyer will pay Rs 13 lakh net interest to a builder after deduction of his interest payment from the builder. The builder must...
- Delhi NCR builder ordered to pay Rs 85 lakh for delayed home possession: Haryana RERA judgment explainedHaryana RERA has ordered a prominent builder to pay Rs 85 lakh in interest compensation to the Batra family for a five-year delay in handin...
- RERA Impact: Arrest warrant issued against builder who failed to pay compensation to property buyer for 14 year delay in possessionHaryana RERA has directed the arrest of a builder's directors. This action follows their failure to compensate a property buyer. The buyer ...
- Bengaluru homebuyer to get Rs 70 lakh from builder due to three year delay in possession; Know how RERA law helped him win the caseA Bengaluru homebuyer secured a victory against a builder in the Karnataka RERA tribunal. The builder failed to complete the apartment proj...
- Delayed construction in non-RERA complaint project: Homebuyers to get refund with 11% interest from builder as per Telangana RERA orderA Hyderabad builder, lacking RERA registration, allegedly misused funds from 62 homebuyers by diverting them to other projects, leading to ...
- RERA: Real estate agent's fee included MahaRERA's model property sale agreement; How will it impact home buyers and sellersMahaRERA: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced clause 15A in the model agreement for sale. This claus...
- More than 1400 Amrapali homebuyers will have their flats cancelled if they don’t do this within 30 days; Check full list hereAmrapali homebuyers: According to an advertisement in the Times of India dated April 22, 2024, “In furtherance to repeated notice issued re...
- To execute sale deeds of 700 buyers, TN Rera appoints panelWhile this order brings big relief to 700 homebuyers it has come at a time different RERA authorities are not enforcing the execution order...
- What does the Model Tenancy Act mean for NRIs?The Model Tenancy Act will be a state subject and will be applicable once the states adopt its version with tribunals making the transactio...
- Home buyers left in the lurch for compensation under Karnataka RERALacking powers to enforce its orders, RERA has referred the cases to deputy commissioners of districts, asking them to auction properties o...
- Title insurance: Much-needed relief for home buyersTitle insurance is an insurance against any loss caused as a result of defect in the title of the property.
- need2know: 11 macro cues for your day on D-StreetA look at top macro triggers that may move market on Friday.
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