Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA) provided relief to at least 64 allottees in a real estate project by directing the developer to pay compensation for delaying project by three years.
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Bhubaneswar: the first ever All Odisha Developers’ workshop on ‘RERA Hurdles & Other Bottlenecks’ organised by the CREDAI Odisha today morning in the Hotel Swosti Premium was attended by over 100 builders & developers of the state including members and
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Karnataka RERA puts stay order on almost 542 ongoing projects as it decided to be strict on permanent registration. These projects are almost half complete and were working under a provisional registration issued last year. Now the builders are scared whether they will get the permanent registration or their projects will be discarded. Anyways it can be apprehended the builders complied with the rules under RERA shall get permanent registration. By Rashmita Das in Property Law April 3, 2018, 6:42 p.m. 60 Views As per the notification issued by the Real Estate Regulatory…
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PANAJI: Minister for Law and Judiciary Francis D’Souza, on Thursday, said that around 150 builders and real estate agents in the state have applied for registration on Goa’s Real Estate Regulatory Authority (RERA) portal up till March 23, 2018, which was the deadline for doing so. “Now, the remaining ones will have to pay the fine of Rs 50,000 and get themselves registered under RERA by March 31, 2018,” he added. Interacting with the pressmen, at the state Bharatiya Janata Party headquarters, D’Souza said that although approximately 150 builders and…
Read MoreThe real estate sector has been one of the top-most contributors to the country’s Gross Domestic Product (GDP) and employment creation. Surprisingly, inspite of being such an important part of the economy, the real estate sector was unregulated for numerous years. In order to regulate the aforesaid unorganized sector, the Indian Parliament passed a legislation called as The Real Estate (Regulation and Development) Act, 2016 (“RERA“) which was made effective on May 1, 2016. A batch of writ petitions was filed by real estate developers and individual plot owners in…
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MUMBAI: The Maharashtra Real Estate Regulatory Authority or MahaRERA’s much-awaited 15 conciliation benches will start functioning from February 1.These benches comprising two members each, one from realty developers’ industry body and another from consumer forums, representing homebuyers would aim to provide faster relief to aggrieved entities. These teams have been formed in the backdrop of MahaRERA receiving many complaints and looking to create a filter. This body can be approached by homebuyers and builders for reaching a consensus, thus leaving only matters that cannot be resolved for MahaRERA’s intervention. The…
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