Rera Consultants – Page 7 – Rera Consulting

MahaRERA launches India’s first conciliation forum under RERA

January 31, 2018July 9, 2018 ncrcollateral

MahaRERA has officially announced the launch of its conciliation forum which will consist members of developers as well consumer associations. The forum will come into effect from February 1 and the hearings before the conciliation benches are expected to begin from the first week of March. A dedicated website has been created and it has also been linked to the MahaRERA website. The conciliation bench is expected to arrive at the settlement within 45 days from the date of the reference to the bench. Ten conciliation benches will be set…

RERA Report Card: 26 States and UTs Notify Rules; 20,000 Projects Registered with Regulatory Authorities

January 3, 2018July 9, 2018 ncrcollateral

Six states and union territories have established permanent Real Estate Regulatory Authority and 23 States/UTs have established interim Real Estate Regulatory Authority. As many as 26

RERA registration in Rajasthan: Developers to pay 2% of project cost as penalty for delay

September 8, 2017July 9, 2018 ncrcollateral

Jaipur: The Real Estate Regulatory Authority (RERA) has announced that the developers who haven’t yet registered their ongoing projects can do so after depositing a penalty of 2% of project cost or 10 times of registration fee, whichever is more.

Real estate industry awaits govt. stand on RERA

September 4, 2017July 9, 2018 ncrcollateral

Nearly a month after the government had officially notified the much debated Real Estate (Regulation & Development) Act (RERA), the real estate industry is watching with much trepidation when and the how the process is going to kick off.

RERA registration deadline extended to August 31

August 31, 2017April 4, 2018 ncrcollateral

A month after the last date for registration of construction projects with Real Estate Regulatory Authority (RERA) in the State, compliance rate is still less than 25%. As of August 24, of the estimated 4,000 projects that have to register, only 977 had applied, of which RERA has approved only 12 to date.

Face-off between builders and government to intensify as RERA kicks in

August 29, 2017April 4, 2018 ncrcollateral

After months of delay, most Indian states now have a real estate regulator. Since May 1, more than 18,600 projects have been registered in eight big states alone, allowing buyers a peek into what is on market and to seek remedy in case of a delay or cost overruns, data shows.