Bombay HC Upholds Validity Of Real Estate (Regulation And Development) Act [Read Judgment]
7 years, 3 months ago

Bombay HC Upholds Validity Of Real Estate (Regulation And Development) Act [Read Judgment]

Live Law  

In a huge relief to thousands of home buyers, the Bombay High Court has upheld the constitutional validity of the Real Estate Act.A bench of Justice Naresh Patil and Justice RG Ketkar passed the judgment after hearing all parties in the matter and upheld the provisions of the new Act that came into effect on May 1, 2017.The Supreme Court had earlier directed. In a huge relief to thousands of home buyers, the Bombay High Court has upheld the constitutional validity of the Real Estate Act. Petitioners had challenged Section 3, 5, 7, 8, 11, 14, 15, 16, 18, 22, 43,59,60,61,63 and 64 of the Real Estate Act, 2016 and Rules 3, 4,5,6,7,8,18,19, 20 and 21 of the Registration of real estate projects, Registration of real estate agents, rates of interest and disclosures on website) Rules, 2017. These provisions, therefore, cannot be said to be violative of Articles 14, 19, 20 and 300-A of the Constitution of India.” Thus, the Court said- “We hold that challenge to constitutional validity of first proviso to Section 3, Section 3, explanation to Section 3, Section 4, Section 4, Section 5 and the first proviso to Section 6, Sections 7, 8, 18, 22, 38, 40, 59, 60, 61, 63, 64 of the Real Estate Act, 2016 fails.

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History of this topic

RERA update: Can investors approach real estate regulator for stalled commercial projects?
1 month, 1 week ago

RERA update: Can investors approach real estate regulator for stalled commercial projects?

Hindustan Times  

The Real Estate Act, 2016, is primarily designed to safeguard homebuyers' interests and promote transparency in the real estate sector. Although RERA is often associated with residential real estate projects, it also applies to commercial real estate projects under specific conditions, legal experts say. Legal experts say that RERA's implementation guarantees that construction on new commercial projects can begin only …

MahaRERA update: Regulator suspends 1,905 housing projects across Maharashtra, freezes bank accounts
2 months, 2 weeks ago

MahaRERA update: Regulator suspends 1,905 housing projects across Maharashtra, freezes bank accounts

Hindustan Times  

To protect homebuyers' interests, the Maharashtra Real Estate Regulatory Authority has suspended the registration of 1,950 real estate projects across the state after their developers failed to respond to notices regarding status updates. In the coming days, more than 3,499 lapsed real estate projects are expected to face similar action, the MahaRERA said in a statement on January 9. The …

Bombay HC Imposes ₹1.5L Costs On MHADA, Municipal Corporation For Holding Possession Of Properties Beyond Requisition Period
2 months, 3 weeks ago

Bombay HC Imposes ₹1.5L Costs On MHADA, Municipal Corporation For Holding Possession Of Properties Beyond Requisition Period

Live Law  

The Bombay High has directed the Maharashtra Housing and Area Development Authority and the Solapur Municipal Corporation to pay Rs. The petitioners contended that the requisition could not have continued beyond July 2011 in view of Section 9 of the Bombay Land Requisition Act, which provides that the requisition period cannot continue beyond 24 years. They contended that since the …

Outlook 2025: Emerging trends of real estate sector
2 months, 3 weeks ago

Outlook 2025: Emerging trends of real estate sector

The Hindu  

India’s real estate market is entering a vital phase, with 2025 set to redefine its growth path. As technology reshapes traditional processes, the industry is shifting from being merely a service provider to a tech-enabled growth engine, setting a transformative tone for the real estate outlook 2025. India’s green real estate initiatives include renewable energy integration, water conservation technologies, and …

Annual Digest Of Real Estate Cases: 2024
2 months, 3 weeks ago

Annual Digest Of Real Estate Cases: 2024

Live Law  

Ministry of Housing and Urban Affairs The Ministry Of Housing And Urban Affairs Releases Report On The Implementation Status Of The Real Estate Act The Ministry of Housing and Urban Affairs has released the implementation status report of the Real Estate Act, 2016, commonly known as RERA, in India. Haryana RERA Orders Refund To Homebuyer After Builder's Failure To Hand …

MahaRERA implements homebuyer-friendly policies in 2024 to boost real estate confidence
3 months ago

MahaRERA implements homebuyer-friendly policies in 2024 to boost real estate confidence

Live Mint  

The Maharashtra Real Estate Regulatory Authority emerged as a proactive force in 2024, introducing multiple measures to protect homebuyers and enhance trust in Maharashtra’s real estate sector. Ajoy Mehta, who served as MahaRERA chairman until September 2024, launched his book, RERA - A Perspective, shedding light on ongoing challenges within the real estate industry. Landmark Policies Introduced in 2024 In …

REAL ESTATE MONTHLY DIGEST: NOVEMBER 2024
3 months, 3 weeks ago

REAL ESTATE MONTHLY DIGEST: NOVEMBER 2024

Live Law  

HARYANA REAL ESTATE REGULATORY AUTHORITY Haryana RERA Orders Raheja Developers To Pay Interest To Homebuyer For Delayed Possession Case – Dharampal Singh & anr Versus M/s Raheja Developers Limited Citation – Complaint No : 2385 of 2023 Haryana Real Estate Regulatory Authority bench, comprising Vijay Kumar Goyal, has directed M/s Raheja Developers Limited, to pay interest to the homebuyer for …

Link MahaRERA Portal To Website Of Civic Bodies: Bombay High Court Issues Directions To Ensure Transparency, Safeguard Homebuyers
4 months, 1 week ago

Link MahaRERA Portal To Website Of Civic Bodies: Bombay High Court Issues Directions To Ensure Transparency, Safeguard Homebuyers

Live Law  

With a view to safeguard the interest of homebuyers, the Bombay High Court has issued certain guidelines to the State government, Maharashtra Real Estate Regulatory Authority and municipal authorities to ensure transparency and accountability in real estate project registrations. The guidelines include the integration of the websites of the planning authorities with that of the Maharashtra Real Estate Regulatory Authority …

RERA update: Uttar Pradesh RERA passes 5 orders to safeguard home buyers’ interests
5 months, 3 weeks ago

RERA update: Uttar Pradesh RERA passes 5 orders to safeguard home buyers’ interests

Hindustan Times  

The Uttar Pradesh Real Estate Regulatory Authority has passed several orders over the last few weeks to protect the interests of homebuyers. UPRERA makes it mandatory for real estate developers to publish project QR codes in all documents shared with buyers With the aim of promoting transparency in the real estate market, UPRERA has said that it will assign a …

Economic Survey 23-2024: Nearly 1.25 lakh complaints resolved by real estate regulatory authorities of various states
8 months ago

Economic Survey 23-2024: Nearly 1.25 lakh complaints resolved by real estate regulatory authorities of various states

Hindustan Times  

As per the 2023-24 Economic Survey tabled by Union Finance Minister Nirmala Sitharaman in the Parliament on July 22, a total of 1,24,947 cases were settled by Real Estate Regulatory Authorities of various states as of July 1, 2024. As of July 1, 2024, nearly 1.25 lakh complaints were resolved by real estate regulatory authorities of various states, according to …

RERA Cases Half Yearly Digest : January -June,2024
8 months, 2 weeks ago

RERA Cases Half Yearly Digest : January -June,2024

Live Law  

Ministry of Housing and Urban Affairs The Ministry Of Housing And Urban Affairs Releases Report On The Implementation Status Of The Real Estate Act The Ministry of Housing and Urban Affairs has released the implementation status report of the Real Estate Act, 2016, commonly known as RERA, in India. Haryana RERA Orders Refund To Homebuyer After Builder's Failure To Hand …

Implement RERA Act Strictly: CM Revanth to Tribunal
9 months, 2 weeks ago

Implement RERA Act Strictly: CM Revanth to Tribunal

Deccan Chronicle  

Hyderabad: Chief Minister A Revanth Reddy urged the newly-constituted Telangana Real Estate Appellate Tribunal to strictly implement the provisions of the Telangana Real Estate Regulatory Authority in the state. Tribunal chairperson Justice A Rajashekar Reddy, members Palle Pradeep Kumar Reddy and retired IAS officer Chitra Ramchandran met the Chief Minister at the Secretariat on Tuesday. The CM requested the tribunal …

Ensure strict implementation of RERA, says CM Revanth Reddy
9 months, 2 weeks ago

Ensure strict implementation of RERA, says CM Revanth Reddy

Deccan Chronicle  

Hyderabad: Chief Minister A Revanth Reddy here on Tuesday urged the members of Telangana Real Estate Appellate Tribunal to ensure strict implementation of Telangana Real Estate Regulatory Authority in the State. He requested the Tribunal members that RERA must be implemented effectively and thereby preventing property buyers from duping themselves from the false promises of realtors. After the formation of …

RERA Weekly Round Up – 3 June To 9 June 2024
9 months, 2 weeks ago

RERA Weekly Round Up – 3 June To 9 June 2024

Live Law  

Karnataka Real Estate Regulatory Authority Case – Devdas Pandurang Shetti & another Versus M/s Mantri Developers Pvt. Uttar Pradesh Real Estate Regulatory Authority Press Note UPRERA/24/May/2024 Uttar Pradesh Real Estate Regulatory Authority Chairman Sanjay Bhoosreddy has expressed strong displeasure over the non-registration of properties belonging to nine allottees of the Alaknanda Project by the Prayagraj Development Authority, despite the UPRERA …

RERA Cases Weekly Round Up – 6th May To 12th May,2024
10 months, 2 weeks ago

RERA Cases Weekly Round Up – 6th May To 12th May,2024

Live Law  

RAJASTHAN REAL ESTATE REGULATORY AUTHORITY Rajasthan RERA Orders Compensation to Homebuyer, Rejects Builder's Contention That Delay Caused Due to ED Investigation Case – Vasudev Takwani & another Versus M/s Riddhi Siddhi Infra Projects Pvt. TELANGANA REAL ESTATE REGULATORY AUTHORITY Telangana RERA Penalizes Builder for Non-Registration of Project, Orders Completion of Construction Case – Sri Madala Bharat Versus M/s Sree Sai …

RERA Cases Quarterly Digest 2024
11 months, 2 weeks ago

RERA Cases Quarterly Digest 2024

Live Law  

Ministry of Housing and Urban Affairs The Ministry Of Housing And Urban Affairs Releases Report On The Implementation Status Of The Real Estate Act The Ministry of Housing and Urban Affairs has released the implementation status report of the Real Estate Act, 2016, commonly known as RERA, in India. Tamil Nadu Real Estate Appellate Tribunal TNREAT Orders Hiranandani Realtors To …

Consumer Cases Monthly Round-Up: March 2024
11 months, 3 weeks ago

Consumer Cases Monthly Round-Up: March 2024

Live Law  

Ministry of Housing and Urban Affairs The Ministry Of Housing And Urban Affairs Releases Report On The Implementation Status Of The Real Estate Act The Ministry of Housing and Urban Affairs has released the implementation status report of the Real Estate Act, 2016, commonly known as RERA, in India. District Consumer Disputes Redressal Commission–X, Delhi Persisting Defects in Lancers Cedia …

RERA update: Uttar Pradesh real estate regulatory authority passes 5 orders to safeguard homebuyers' interests
1 year ago

RERA update: Uttar Pradesh real estate regulatory authority passes 5 orders to safeguard homebuyers' interests

Hindustan Times  

The Uttar Pradesh Real Estate Regulatory Authority has passed several orders over the last few weeks to protect the interest of homebuyers. The RERA Authority has also directed real estate developers to print the QR code loaded project registration certificate and display it at a prominent place in its office and the project site marketing office so that it is …

Consumer Cases Weekly Round-up: 11th to 17th March 2024
1 year ago

Consumer Cases Weekly Round-up: 11th to 17th March 2024

Live Law  

National Consumer Disputes Redressal Commission Booking Commercial Space For Self-Employment Business Deemed As Commercial Purpose : National Consumer Commission The National Consumer Disputes Redressal Commission, presided by Justice Ram Surat Maurya and Bharatkumar Pandya, in a complaint against MVL Holding Ltd ruled that commercial space booked for doing business by way of self-employment comes under the definition of commercial purpose. …

The Ministry Of Housing And Urban Affairs Releases Report On The Implementation Status Of The Real Estate (Regulation & Development) Act
1 year ago

The Ministry Of Housing And Urban Affairs Releases Report On The Implementation Status Of The Real Estate (Regulation & Development) Act

Live Law  

The Ministry of Housing and Urban Affairs has released the implementation status report of the Real Estate Act, 2016, commonly known as RERA, in India. 32 states/UTs have established Real Estate Regulatory Authorities. The top five states with the highest number of disposed cases under the Real Estate Act are Uttar Pradesh, Haryana, Maharashtra, Madhya Pradesh, and Gujarat. Category Implementation …

Real estate regulatory reforms shaping the future
1 year, 4 months ago

Real estate regulatory reforms shaping the future

The Hindu  

For the longest time, the Indian real estate sector remained largely unregulated. To further regulate and monitor the industry and disputes concerning the projects, a state-level Act called the Real Estate Regulatory Authority was introduced. RERA aims to check all the under-construction projects, eliminate unreliable players, maintain quality construction, and bring in stability by reinforcing the industry on key fronts …

Five years after RERA, TS failed to appoint appellate tribunal
2 years, 3 months ago

Five years after RERA, TS failed to appoint appellate tribunal

Deccan Chronicle  

HYDERABAD: While the Centre passed the Real Estate Act, 2016 to regulate and promote the real estate industry the state government has failed to appoint a regulatory authority and an appellate tribunal since five years, in violation of the Real Estate Regulatory Authority and putting buyers and sellers at risk. According to Section 20 of the Act, the state government …

Delhi Development Authority Must Register Projects with Delhi-RERA or Face Action: Official
2 years, 8 months ago

Delhi Development Authority Must Register Projects with Delhi-RERA or Face Action: Official

News 18  

Delhi-RERA chief Anand Kumar has said that the Delhi Development Authority must register its real estate projects with the regulator to protect the interest of property buyers. Those who are in real estate development, whether it is DDA or any other such organisations, must register projects with the regulatory authority, the Delhi-RERA chief further said, adding that it has powers …

RERA Act | Under Section 71(1), The Adjudicating Authority Can Decide The Compensation Alone. : Chhattisgarh High Court
2 years, 10 months ago

RERA Act | Under Section 71(1), The Adjudicating Authority Can Decide The Compensation Alone. : Chhattisgarh High Court

Live Law  

The Chhattisgarh High Court recently held that under Section 71 of the Real Estate Act, 2016, the adjudicating authority can decide the compensation alone. The Appellate Tribunal of RERA was not available in Chhattisgarh, as was required under the RERA Act, 2016, to be established within one year. The Court remarked that prima facie, therefore conformant of power on STAT …

RERA Prevails Over SARFAESI ; Homebuyers Can Move RERA Authority Against Bank's Recovery Actions : Supreme Court
3 years, 1 month ago

RERA Prevails Over SARFAESI ; Homebuyers Can Move RERA Authority Against Bank's Recovery Actions : Supreme Court

Live Law  

The Supreme Court upheld a Rajasthan High Court judgment which held that Real Estate Regulatory Authority can entertain complaints by home buyers against the bank which took possession of a real estate project as a secured creditor.Before the Rajasthan High Court, the Union Bank of India and others had questioned the authority. Case name: Union Bank Of India vs Rajasthan …

Whether Real Estate Appellate Tribunal Has Jurisdiction To Initiate Suo Moto Proceedings & Pass Directions Under RERA Act? Delhi HC Appoints Amicus
3 years, 3 months ago

Whether Real Estate Appellate Tribunal Has Jurisdiction To Initiate Suo Moto Proceedings & Pass Directions Under RERA Act? Delhi HC Appoints Amicus

Live Law  

The Delhi High Court has appointed Senior Advocate Rajeeve Mehra as the amicus curiae to assist it in considering the issue as to whether the Real Estate Appellate Tribunal has the jurisdiction to initiate suo motu proceedings and pass directions affecting the ongoing constructions in the city. The petitioner had challenged the order passed by the Real Estate Appellate Tribunal …

Robust Regulatory Mechanism & Draft Agreement Already Prescribed Under RERA: Centre Tells Supreme Court In Plea Seeking Model Builder Buyer Agreement
3 years, 3 months ago

Robust Regulatory Mechanism & Draft Agreement Already Prescribed Under RERA: Centre Tells Supreme Court In Plea Seeking Model Builder Buyer Agreement

Live Law  

Responding to a plea seeking a model builder buyer agreement, the Central Government has submitted before the Supreme Court that a robust regulatory mechanism and draft 'agreement for sale" has already been prescribed under the provisions of RERA.According to Centre, the mechanism prescribed under RERA seeks to balance the rights and interest. Responding to a plea seeking a model builder …

Delhi Real Estate Appellate Tribunal Stays All Construction Activities In City Undertaken Without Registration Of RERA Till Project Registration
3 years, 4 months ago

Delhi Real Estate Appellate Tribunal Stays All Construction Activities In City Undertaken Without Registration Of RERA Till Project Registration

Live Law  

The Delhi Real Estate Appellate Tribunal has stayed all the construction activities, including residential and commercial activities, in the national capital that are undertaken without registration of the Real Estate Regulatory Authority till the project is registered with the authority. "Accordingly, in view of the above, all construction activity in NCT of Delhi, residential as well as commercial, faling within …

Delhi Real Estate Appellate Tribunal Initiates Suo Moto Proceedings To Ensure Strict Compliance Of Registration Of Projects, Curb Cheating Of Buyers
3 years, 4 months ago

Delhi Real Estate Appellate Tribunal Initiates Suo Moto Proceedings To Ensure Strict Compliance Of Registration Of Projects, Curb Cheating Of Buyers

Live Law  

The Delhi Real Estate Appellate Tribunal has initiated suo moto proceedings for ensuring strict compliance of the provisions of the Real Estate Act, 2016 regarding prior registration of projects and also to curb incidents of developers cheating innocent buyers. it is considered appropriate that suo-moto proceedings are initiated in the matter to ensure that there is strict compliance of the …

Interpretation Of RERA By Courts
3 years, 9 months ago

Interpretation Of RERA By Courts

Live Law  

Real estate sector is one of the core sectors in the economy in terms of its contribution to GDP, employment of labor force and the multiplier effects it has on other vitals of the economy. This issue has surfaced primarily because of proviso of section 3 of the Act which imposes the obligation of registration of the real estate project …

RERA: What India's First Real Estate Regulatory Act Seeks to Achieve And Why It's Necessary
4 years, 2 months ago

RERA: What India's First Real Estate Regulatory Act Seeks to Achieve And Why It's Necessary

News 18  

Minister of Housing and Urban Affairs, Hardeeop Singh Puri in an article on Wednesday wrote, Real Estate Act has transformational provisions, conscientiously addressing issues which have been a constant bane for the sector. The RERA, that came into effect in 2017, seeks to protect the interests of home buyers and also boost investments in the real estate sector. RERA, it …

Online Symposium On Real Estate (Regulations and Development) Act, 2016
4 years, 3 months ago

Online Symposium On Real Estate (Regulations and Development) Act, 2016

Live Law  

The Institute of Advanced Legal Studies is organizing an Online Symposium on Real Estate Act, 2016, on Saturday,12th December 2020. Kanetkar, Advocate Sandeep Gujarathi, Advocate Abhijit Hartalkar, Advocate Leena Kaulgekar, Advocate The discussion will be centred on the basics, important aspects and practical details of RERA, which has revolutionised the Real Estate Sector in India. The symposium proposes to cover …

Entitlement Of Homebuyer Starts From Date Of Agreement And Not RERA Registration: Supreme Court [Read Judgment]
4 years, 4 months ago

Entitlement Of Homebuyer Starts From Date Of Agreement And Not RERA Registration: Supreme Court [Read Judgment]

Live Law  

The Supreme Court has held that period for allotment of flat to a homebuyer has to be reckoned from the date of the buyer agreement and not from the date of the registration of the project under the Real Estate Regulation and Development Act.A division bench comprising Justices UU Lalit and Vineet Saran made this observation in the judgment in …

Relief Under RERA In Rajasthan– Real Or Illusory
4 years, 5 months ago

Relief Under RERA In Rajasthan– Real Or Illusory

Live Law  

After the enactment and implementation of the Real Estate Act, 2016, the stakeholders in the real estate sector in Rajasthan have not been able to reap the benefits of the Act. For this purpose, the Act provides for establishment of the Real Estate Appellate Tribunal, the Real Estate Regulatory Authority and appointment of the adjudicating officers. The Real Estate Regulatory …

Remedies Available Under Consumer Protection Act And RERA Are Concurrent: Delhi HC [Delhi HC]
5 years, 6 months ago

Remedies Available Under Consumer Protection Act And RERA Are Concurrent: Delhi HC [Delhi HC]

Live Law  

The Delhi High Court on Wednesday reiterated that remedies available to home buyers under the Consumer Protection Act, 1986 and Real Estate Act, 2016 are concurrent.BackgroundIn the petition titled "M/s M3M India Pvt. The Delhi High Court on Wednesday reiterated that remedies available to home buyers under the Consumer Protection Act, 1986 and Real Estate Act, 2016 are concurrent. Findings …

Government committed to resolving problems of home buyers: Union minister Hardeep Singh Puri
6 years, 6 months ago

Government committed to resolving problems of home buyers: Union minister Hardeep Singh Puri

Firstpost  

Hard-earned money of over lakhs of home buyers in Delhi-NCR are stuck because of defaults by developers including Jaypee group, Amrapali, Unitech and The 3C Company in deliveries of their projects on time. New Delhi: Asserting that the government is committed to resolving the problem of home buyers, Union minister Hardeep Singh Puri on Wednesday said that all real estate …

'74% home buyers unaware of RERA compliance check process'
6 years, 10 months ago

'74% home buyers unaware of RERA compliance check process'

The Quint  

New Delhi, April 30 Around 74 per cent home buyers in India are unaware of the online process to check a realty project's compliance status under the Real Estate Regulatory Act, a Magicbricks report said here on Monday. "Seventy four per cent of respondents do not know that it is mandatory to check if the project is registered with the …

Big reprieve for homebuyers, Bombay HC says ongoing projects to fall under RERA purview
7 years, 3 months ago

Big reprieve for homebuyers, Bombay HC says ongoing projects to fall under RERA purview

India TV News  

In a significant win for homebuyers struggling with delayed possession of their flats at the hands of the builders, the Bombay High Court on Wednesday ruled that the Real Estate Act is constitutionally valid and will be applicable to new as well as well as ongoing projects. Besides this, real estate developers had also sought doing away with provisions that …

Bombay High Court Upholds Validity of Real Estate (Regulation and Development) Act
7 years, 3 months ago

Bombay High Court Upholds Validity of Real Estate (Regulation and Development) Act

Live Law  

The Bombay High Court has upheld the constitutional validity of the Real Estate (Regulation and Development) Act. The court rejected the challenge to the provisions of the new Act, which contains specific provisions to tackle problems like delay in possession, arbitrary interests levied on home buyers etc.

Bombay HC starts hearing constitutional challenges to provisions of RERA
7 years, 4 months ago

Bombay HC starts hearing constitutional challenges to provisions of RERA

Firstpost  

The Bombay High Court on Monday began hearing a bunch of petitions challenging the constitutional validity of certain provisions of the Real Estate Act. Mumbai: The Bombay High Court on Monday began hearing a bunch of petitions challenging the constitutional validity of certain provisions of the Real Estate Act. In September, after several petitions challenging RERA were filed in high …

SC Directs Bombay HC to Hear Pending RERA Pleas at Quicker Pace
7 years, 6 months ago

SC Directs Bombay HC to Hear Pending RERA Pleas at Quicker Pace

The Quint  

The RERA came into effect on 1 May, a year after it was passed by both Houses of Parliament. The validity of this Act has been challenged in various high courts by several petitioners, including the builders and promoters of real estate firms. Recently, the Bombay High Court had asked the Centre and the state to file their responses on …

SC Tells Bombay HC To Decide Pleas On RERA Expeditiously, Other HCs Asked To Wait For The Decision
7 years, 6 months ago

SC Tells Bombay HC To Decide Pleas On RERA Expeditiously, Other HCs Asked To Wait For The Decision

Live Law  

The Supreme Court on Monday directed the Bombay High Court to expeditiously decide all pleas and petitions challenging the validity of the new Real Estate Act.The bench of Justice Arun Mishra and Justice MM Shantanagoudar directed other high courts where similar pleas against the legislation have been filed to wait for the Bombay High Court’s decision in. The Supreme Court …

Supreme Court directs Bombay High Court to expedite pending RERA-related pleas
7 years, 6 months ago

Supreme Court directs Bombay High Court to expedite pending RERA-related pleas

Firstpost  

The Supreme Court on Monday directed the Bombay High Court to expeditiously decide the pleas challenging the validity of Real Estate Act which are pending there. New Delhi: The Supreme Court on Monday directed the Bombay High Court to expeditiously decide the pleas challenging the validity of Real Estate Act which are pending there. The apex court asked the other …

Centre moves SC seeking transfer of pleas against RERA to Delhi HC
7 years, 6 months ago

Centre moves SC seeking transfer of pleas against RERA to Delhi HC

The Hindu  

The Supreme Court on Wednesday agreed to hear the Centre’s petition seeking transfer of various pleas, which are challenging validity of the Real Estate Act and are pending in different high courts, to the Delhi High Court. The government mentioned the matter before a bench headed by Chief Justice Dipak Misra and said that 21 petitions challenging the validity of …

Understanding Financial And Penal Liability Under RERA
7 years, 8 months ago

Understanding Financial And Penal Liability Under RERA

Live Law  

The Real Estate Act, 2016 promises to pave the way for a new era in the Indian real estate sector - an era of regulation, transparency, structure and security. In the event that a Promoter contravenes the relevant provisions of RERA by advertising or marketing their real estate project without obtaining proper registration, he shall be liable to pay a …

Understanding Financial And Penal Liability Under RERA
7 years, 8 months ago

Understanding Financial And Penal Liability Under RERA

Live Law  

The Real Estate Act, 2016 promises to pave the way for a new era in the Indian real estate sector - an era of regulation, transparency, structure and security. In the event that a Promoter contravenes the relevant provisions of RERA by advertising or marketing their real estate project without obtaining proper registration, he shall be liable to pay a …

Rera: Do not advertise real estate projects without registering with regulator, clarifies govt
7 years, 9 months ago

Rera: Do not advertise real estate projects without registering with regulator, clarifies govt

Firstpost  

Ending the 9-year long wait, the real estate law, which will regulate the realty sector involving over 76,000 companies, came into force from 1 May, 2017. New Delhi: Clearing the air on real estate developers issuing The clarification is likely to further dampen the already subdued real estate market that has seen no real appreciation in value of property or …

What is the lowdown on the Real Estate Regulation Act
7 years, 10 months ago

What is the lowdown on the Real Estate Regulation Act

The Hindu  

What is it The Real Estate Act or RERA is a law that seeks to regulate and standardise the real estate sector, where the need for uniform guidelines and transparency has been felt for long. Most important, it brings the entire real estate sector within a regulatory environment, defining the liabilities and liberties of a developer and providing an effective …

RERA - A Relief For Consumers?
7 years, 10 months ago

RERA - A Relief For Consumers?

Live Law  

With the coming into force of the Act on Labors day, in Maharashtra, the previous Act styled as MOFA governing the real estate also continues. No registration of the real estate project is required where the promoter has received completion certificate for the project prior to commencement of this Act, for the renovation or repair or re-development which does not …

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