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ERRANT BUILDERS
MahaRERA cracks down on errant builders; issues notices over 8,212 projectsMahaRERA is taking strict action against over 8,000 housing projects. These developers failed to submit mandatory quarterly progress report...- Homebuyers' body flags gaps in RERA, seeks protection from 'errant' buildersA pan-India homebuyers' association has approached the Union housing ministry. They seek urgent intervention to fix critical gaps in the Re...
- Homebuyers’ body flags key gaps in RERA, seeks stronger protection for buyersA homebuyers' association has urged the Union housing ministry to address critical RERA Act gaps, citing ongoing buyer exploitation. They s...
- MahaRERA cracks down on errant builders, freezes 1,950 projects’ bank accountsMahaRERA has frozen bank accounts of over 1,950 stalled or lapsed real estate projects to enforce accountability and protect homebuyers' in...
- RERA is coming up short in giving relief to homebuyers. What ails the legislation?According to data from the Ministry of Housing and Urban Affairs, RERA authorities across states have disposed of 82,750 complaints since t...
- SC upholds IBC amendments mandating minimum threshold for insolvency process against developersHomebuyers had argued that this was discriminatory and placed homebuyers at a disadvantage as they would have to herd a minimum number befo...
- Karnataka RERA approached the state government to approve model sales agreementThe K-RERA that started functioning two years ago had faced delay in model sales agreement due to change in government and the absence of R...
- 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...
- Homebuyer can approach both consumer panel and RERA: Delhi HCDelhi high court has held that homebuyers can approach both the National Consumer Disputes Redressal Commission and Rera against errant bui...
- Builder to hand over Lower Parel flat after 12-year delay, pay 21 lakhThe commission refused an offer by the builder to refund Rs 64 lakh paid as booking amount, saying that problems faced by builder in comple...
- Builders want land cost review to hike pricesRepresentatives of builders, homebuyers, bankers and Uttar Pradesh government participated in the meeting of the panel, which was set up by...
- Just one homebuyer is all that is needed drag a rogue builder to bankruptcy courtUnder the Insolvency and Bankruptcy Code Amendment Ordinance, 2018, homebuyers will get due representation in the committee of creditors.
- Interest on refunds from builders adds to tax burdenThose hoping to get I-T deductions on investments in a new house are now at a complete loss. If they don't get possession, these claims wil...
- Post RERA, brokers may focus on rental market: SurveyAccording to the survey, nearly 84 per cent of the brokers opined that implementation of RERA will have increased benefits to the homebuyer...
- Aggrieved home buyers yet to understand RERA benefitsUnder the central law, each state has to notify rules and set up a regulatory authority to manage the real estate sector. UP is yet to set ...
- Homebuyers seek swift action against errant buildersIn a letter to Modi, homebuyers’ group has expressed fear that certain builders may be actively involved in money laundering and are stripp...
- Maharashtra flat buyers can now file a police complaint against builders violating normsThe state police has directed police stations across Maharashtra to register complaints against errant builders who cheat flat buyers and v...
- Local authorities in Gurgaon and Noida lend an ear to home buyers, crack down on errant buildersThe Greater Noida authority recently sent a notice to Noida-based builder Supertech for violation of sanction plans in a housing project in...
- Angry home buyers use social media to fight against errant buildersBuyers are banding together to fight for their homes using all the means at their disposal, including staging unique protests at sites & go...
- Errant road builders may have to pay fine to exit project"If there is any fault on the part of the concessionaire, then there will be a penalty of a maximum of one per cent, of the total project f...
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