CHANDIGARH: “In light of the Bombay high court’s judgment on the constitutional validity of the Real Estate (Regulation and Development) Act (RERA), the Haryana Government must review its dilution of RERA and implement the original RERA”,
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Buying a home always calls for a major decision-making process; the need to buy the first home usually tempts first time buyers at the site that falls under their affordable price range. However, there are more factors that you must consider before arriving at a property that you want to invest for and make it your abode.
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Panaji: With the deadline for submission of objections and suggestions under the draft Real Estate (Regulation and Development) Act (RERA) expiring, the department of urban development has begun to study the 30-odd submissions that various stakeholders have made.
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The Maharashtra Real Estate Regulatory Authority (RERA) mediated in a case between one Roshan Nawale (31) and the Lodha Developers in which the builder had been accused of refusing to refund the booking fee to the buyer. After Nawale complained to RERA last month, the developer agreed to refund the booking amount of Rs 1.08 lakh
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While the fine amount for projects registered on August 1-2 started with Rs 50,000, the amount was increased to Rs 1,00,000 for projects registered between August 3 and August 31 and was further increased to Rs 2 lakh for projects registered between September 1 and September 30.
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The Department of Municipal Administration and Urban Development has intensified its efforts to implement the mandate under the Real Estate Regulation Authority (RERA) for monitoring the real estate deals in the State.
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