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RERA RULES
Booked flats in 2005, still awaiting possession: Builder ordered to pay 10.05% interest to homebuyers for nearly 20-year delayThe Bombay High Court, in its ruling, said a builder can’t indefinitely retain purchasers’ money while failing to deliver homes. For the de...- Property buyers alert: Verify carpet area on UPRERA portal and don’t buy apartment on the basis of super area, advises UPRERA AuthorityUP RERA is strongly advising homebuyers to purchase properties based on carpet area, not super built-up area. This ensures buyers pay only ...
- Uttar Pradesh RERA cautions against panic buying of homes, says sufficient inventory available for saleUttar Pradesh real estate regulator RERA reveals over 1.15 lakh housing and commercial units are available for sale across the state. Buyer...
- New Dubai shared housing rental law: 5 big changes as land department can now order tenant eviction, cancel landlord permits if new rules are not followedDubai is introducing a new law for shared housing. Landlords must get permits from the Dubai Land Department. Non-compliance can lead to te...
- Homeowner having possession must pay maintenance charges even if builder did not give OC, independent water connection and sewerage facilities, rules HP RERAHomeowners in possession must pay maintenance charges even without an Occupation Certificate or independent water and sewerage facilities. ...
- Builder delayed possession and charged Rs 75 lakh extra on the basis of super area instead of carpet area; homebuyers partly win case in Punjab RERA for delayed possessionHomebuyers in Amritsar received partial victory from Punjab RERA regarding delayed possession. The authority ordered the builder to pay int...
- Parking space dispute: What national building code says & what you can doHomeowners facing inadequate parking spaces from builders have recourse beyond RERA, which doesn't mandate specific parking dimensions. Whi...
- Builder denied proper parking? Know your rights under RERA & key court rulingsHomebuyers facing parking disputes with builders now have legal recourse. Judicial precedents and RERA guidelines offer clarity on issues l...
- Big win for homebuyers after 10-year wait: Haryana RERA directs Gurugram-based builder to pay 10.80% interestHRERA, in its April 7 order, ruled in favour of two allottees who had lodged a complaint against M/s KNS Infracon Pvt Ltd and its associate...
- Big relief for homebuyers: UP RERA caps builder fees on these flat transfers, know how it will applyUttar Pradesh RERA has capped processing fees for flat transfers, offering significant relief to homeowners. Builders can now charge a maxi...
- Don’t wait till possession: 4 parking checks every homebuyer must do earlyHomebuyers often face parking disputes after taking possession of their homes. Experts advise checking parking space dimensions, legal term...
- Bombay HC upholds homebuyers' right to withdraw builder's deposit during appeal; How will this speed up refund on delayed projects?In a significant ruling for the real estate sector, the Bombay High Court has affirmed that homebuyers can withdraw amounts deposited by bu...
- Homebuyers’ group finds UP’s RERA weak, challenges rules in Allahabad high courtUttar Pradesh was among the first to have notified the RERA rules, though few of the important clauses were mitigated.
- Realtors face a minimum Rs 1 Lakh penalty for delaying registering with Maharashtra RERAThe Maharashtra Real Estate Regulatory Authority has decided to levy penalty of Rs 1 lakh or an amount equivalent to the registration fee.
- Real estate bodies won't move court against RERACREDAI has asked its members to go for registration of ongoing projects as per rules notified by state governments as it helps build confid...
- Goa builders may get more time to register under RERAGoan builders will get three months from the date of notification to register under RERA as the state has failed to notify the RERA rules t...
- RERA to keep corrupt builders on a tight leash in PunjabWhile July 31 has been fixed as the deadline for implementation of Rera, Punjab is still in the process of setting up the authority under t...
- Karnataka may notify final Rera rules by month-endHousing minister M Krishnappa said: "We are almost ready with the final rules, except for some changes which have to be approved by the cab...
- Small realtors ink joint ventures with bigger players to push projectsThe new law expects builders to maintain 70% of the funds collected from buyers in a separate bank account in case of new projects to avoid...
- Maharashtra homebuyers reach out to Fadnavis, want to revoke diluted RERA rulesThe group, 'Fight for RERA' has sought CM Fadnavis' intervention to revoke the Maharashtra Real Estate Rules and notify new ones.
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