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PROPERTY RERA RIGHTS
Missed out on soaring property prices due to builder delay? Haryana RERA’s Rs 26 lakh compensation order sets precedentA homebuyer in Gurgaon's Sector 108 will receive Rs 26 lakh in compensation from a builder for delayed possession. Haryana RERA ruled that ...- Celebrities are buying land in temple cities; but should you follow suit and buy property?Celebrities are investing in temple cities like Ayodhya, drawn by cultural significance and potential for long-term asset growth. These spi...
- 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...
- 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...
- Suraj Estate acquires development rights for Mahim land parcel, eyes Rs 800 cr GDVSuraj Estate Developers is set to acquire development rights for a 0.72-acre land parcel in Mahim (West), Mumbai, for Rs 75 crore. This str...
- SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projectsThe Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms....
- 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...
- Property transactions: RERA chairman urges citizens not to accept deficient serviceThe real estate regulator, the RERA chairman said, has revolutionized homebuyers' rights by empowering them to demand accountability from d...
- Homebuyers empowered by MahaRERA against builders' cheating: Sale agreement to include all these mandatory detailsMahaRERA: Now a promoter can't cheat you with false promises of various facilities and amenities like lifts, gym, etc. As per Subham Chatte...
- Refund of flat booking amount: Homebuyer fights Godrej Properties and wins the case; Know your rights under RERAGodrej Properties: A homebuyer booked a flat with Godrej Properties near Mumbai in 2019 by paying Rs 5 lakh as earnest money. Due to person...
- Many Delhi realtors still avoiding project registration with RERAThe whole of Delhi has only 81 registered projects, one of the lowest in the country. Multiple builders in South Delhi with 800-1,000 sq me...
- Why stuck home buyers should know about Haryana RERA's order on assured return schemesThe recent decision of the Haryana RERA in Madhushree Khaitan vs Vatika Limited on November 10, 2021, has indicated that RERA shall have th...
- Property brokers in Gurgaon to move court against capping on brokerageAssociation of Property Professionals (APP), the NCR chapter of National Association of Realtors(NAR), said it is preparing a legal reply a...
- What makes a real estate investment yield returns?While buying property, investors have high aspirations in terms of returns. Be it residential or commercial, one must consider a long-term ...
- 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...
- Only builder-buyer agreement can protect your rightsBuyers must read this document carefully as the terms and conditions mentioned will help to ensure that your rights are protected and you g...
- 'Pagdi’ buildings may be brought under RERAThe Pagdi system, which has been in existence since pre-independence era across many parts of the country, is a rental model.
- Decision to buy a home hinges on one's priorities: Surendra Hiranandani, House of HiranandaniApart from the inherently higher cost, the selection of properties in the ready houses is limited as compared to ongoing projects.
- Realty queries: Has RERA become an effective tool for property investors yet?Maharashtra is the front-runner in the process of RERA implementation and had registered more than 13,000 projects till Oct 2017.
- Realty queries: Should you wait for some more time to buy a house now that RERA has been implemented?The slow pace of sales which has been affecting the residential property segment will not accommodate any price escalations.
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