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WHAT IS ROLE OF RERA
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...- Supreme Court rap puts spotlight on RERA's weak linksExperts highlight RERA's ineffectiveness due to a lack of intent from chiefs, poor state coordination, and underutilization of powers. Refo...
- Home dreams collapsed for these home-buyers: Here are 10 must-do checks before you buy a house to avoid same fateFrom stalled projects to missing approvals, homebuyers across India are learning the hard way that the dream of ownership can quickly turn ...
- 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...
- RERA impact: Relief to 14 homebuyers after builder unilaterally cancelled allotment four years after signing agreement to saleRERA: 14 homebuyers got relief from TGRERA when the builder took money from them & executed sale agreement but failed to give possession of...
- Aggrieved home buyer: Should you file a case in RERA or civil court, which works better for you?RERA or civil court: Agrrieved real estate buyers can file a case in RERA, consumer courts, etc. However RERA is a specialised forum which ...
- Will you get refund of flat booking amount after cancelling it? Check your state's RERA Act which will decide the extent of recoveryFlat booking refund: There are some states like Maharashtra, Delhi, Madhya Pradesh etc who specify up to how much amount of the booking amo...
- MahaRERA high on registration, low on grievance redressalThe state has no information that will help make the consumers’ buying decision easier. The action-taken-report remains missing and the con...
- Resolving Amrapali, Unitech and Jaypee will change discourse: Hardeep Singh Puri"A lot of steps have been taken in the past two years for affordable housing. Effect of RERA is now visible," said Hardeep Singh Puri.
- SBI makes borrowing for corporates tougher: Will the homebuyer be impacted?The decision to tighten project finance norms by not funding the interest during construction will have an impact on all real estate-associ...
- Bombay high court begins hearing pleas against new real estate lawDismissing a transfer plea filed by the Centre, the Supreme Court in September entrusted Bombay high court to be the first to decide on RER...
- View: Ambiguity in law, execution problems may dilute RERA effectivenessWith each State defining ongoing projects differently, developers must assess each of their ongoing projects in light of the relevant rules...
- 5 things that will make developers RERA-readyWith only Madhya Pradesh and Maharashtra ready for RERA on Day 1, experts at the event deliberated on a host of issues that matter to the c...
- Developers need to invest in project management post GST, RERAThe government enacted the Real Estate (Regulation & Development) Act 2016 and all the sections of the Act have come into force with effect...
- No extension for RERA registration: Devendra Fadnavis"Government is not an inspector but a facilitator. In that role, I assure you in one year there will be no problems left. GST regime will b...
- Realty queries: How will GST impact the housing prices?Input Tax Credit will play a critical role in determining the final cost implications of the GST on real estate projects and hence prices.
- "If developers fail to get registered before end of July, show cause notices will be issued""From August 1, cognizance will be taken for every complaint registered by any consumer reporting any case of non-registration."
- Bringing projects nearing completion under RERA will delay delivery: R K Arora, Supertech"Earlier it was 3 years for normal projects, now under RERA we will be taking about 4 years to complete the project": R K Arora, Chairman, ...
- How RERA is expected to change your home-buying experience from May 1Separate account for every project undertaken wherein 70 percent of the money received from the buyers shall be deposited.
- Builders can keep funds in separate account instead of escrow account: Will RERA prevent misuse?70 per cent of the amount realised from the buyers shall be deposited in a separate account and not an escrow account.
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