Homebuyers in Karnataka on shaky ground as K-RERA yet to build a strong foundation
2 years, 5 months ago

Homebuyers in Karnataka on shaky ground as K-RERA yet to build a strong foundation

The Hindu  

Ananth was looking to buy a house in 2014, when he came across an apartment complex on Begur Road which looked like it was nearing completion. Role of K-RERA It was after a long fight by home buyers that the RERA Act of 2016 was implemented in Karnataka in May 2017. However, home buyers say there is still a long way to go before we can truly say the K-RERA has succeeded in reforming and professionalising the real estate sector to achieve the objectives of the Act. Money-laundering cases Many home buyers had filed complaints with the police and with the ED alleging that the accused entities/ persons were involved in money laundering and had induced prospective buyers with rosily painted schemes, misleading brochures, falsification of delivery timelines and collected more than ₹1,000 crore as advance money from thousands of buyers. Shankar, general secretary, Forum for People’s Collective Efforts — formerly Fight for RERA, said apart from the enforcement of RERA Act as per its intent by the Authority being a concern, the government has never reviewed the functioning of the Regulatory Authority and Tribunal appointed by them.

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History of this topic

Karnataka RERA Dismisses Real Estate Agent's Complaint Against Godrej Properties, Citing Vindictive Motive
10 hours, 39 minutes ago

Karnataka RERA Dismisses Real Estate Agent's Complaint Against Godrej Properties, Citing Vindictive Motive

Live Law  

Karnataka Real Estate Regulatory Authority bench comprising of Rakesh Singh, Neelmani N Raju and GR Reddy dismissed the complaint filed by a real estate agent seeking the revocation of Godrej Properties project registration for advertising the project before registering it with the Authority. The Authority finds that the agent filed the complaint with a vindictive motive after being excluded from …

Haryana RERA - No Additional Compensation To Homebuyer When Interest For Delayed Possession Already Granted
Trending News
1 week, 6 days ago

Haryana RERA - No Additional Compensation To Homebuyer When Interest For Delayed Possession Already Granted

Live Law  

Haryana Real Estate Regulatory Authority Bench comprising Rajender Kumar dismissed the homebuyer's complaint against M/s. Authority held that no additional compensation can be granted to the homebuyer when delay possession compensation has already been granted along with interest under Section 18 of the RERA, 2016. Through its order dated December 11, 2018, the authority directed the builder to pay interest …

Karnataka RERA Holds Shrivision Homes Liable For Delayed Possession, Orders 30.2 Lakhs Interest To Homebuyer
1 week, 6 days ago

Karnataka RERA Holds Shrivision Homes Liable For Delayed Possession, Orders 30.2 Lakhs Interest To Homebuyer

Live Law  

Karnataka Real Estate Regulatory Authority bench, comprising GR Reddy, has directed M/S Shrivision Homes Pvt. Background Facts Homebuyer booked a flat in the Tower 5 of builder's project named Shriram Chirping Woods located at Bengaluru Urban District. Observation and Direction by Authority The authority observed that despite entering into a sale and construction agreement to hand over possession of the …

Karnataka's Stalled Apartment Ownership Act: A Major Setback for Homebuyers
2 weeks, 3 days ago

Karnataka's Stalled Apartment Ownership Act: A Major Setback for Homebuyers

The Hindu  

It is anticipated that the new rules on the Apartment Ownership Act that are being proposed will be of assistance to homebuyers who are experiencing difficulties in organizing associations and obtaining the rights on common spaces transferred from promoters to flat owners’ groups. Understanding the Proposed Apartment Ownership Act: In February it was announced in the Assembly that the government …

Himachal RERA Rejects Homebuyer's Structural Defect Complaint Filed More Than 10 Years After Taking Possession
2 weeks, 5 days ago

Himachal RERA Rejects Homebuyer's Structural Defect Complaint Filed More Than 10 Years After Taking Possession

Live Law  

Himachal Real Estate Regulatory Authority bench comprising Justice Srikant Baldi rejected homebuyer's structural defect complaint, holding it to be time-barred as it was filed more than 10 years after taking possession. Therefore, the Authority held that the project must be registered under Section 3 of RERA, 2016, which states that a project with a total area exceeding 500 square meters …

RERA transfers incomplete realty project to buyers’ body
3 weeks ago

RERA transfers incomplete realty project to buyers’ body

Deccan Chronicle  

Hyderabad: The Telangana Real Estate Regulatory Authority transferred the responsibility of completing the Jayathri Infrastructures’ ‘Jaya Platinum Project’ to the JP Welfare Association, after the company duped people with their pre-launch offers. The developer failed to deliver the project as promised by July 2022 citing vague reasons and financial mismanagement.The misuse of funds was revealed through an engineering inspection report …

RERA WEEKLY ROUND UP: NOVEMBER 25 – DECEMBER 1
3 weeks ago

RERA WEEKLY ROUND UP: NOVEMBER 25 – DECEMBER 1

Live Law  

MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY Maharashtra RERA Holds Spenta Enclave Liable For Delay, Orders Interest To Homebuyers Case – Anil Kishinchand Rajani & Anr Versus Spenta Enclave Pvt. HARYANA REAL ESTATE REGULATORY AUTHORITY Haryana RERA Holds AKME Projects Liable For Over 10 Years Of Delay In Manesar Project, Orders Refund To Homebuyer Case – Preeti Yadav & anr Vs. M/s …

RERA WEEKLY ROUND UP NOVEMBER 11 – NOVEMBER 17
4 weeks ago

RERA WEEKLY ROUND UP NOVEMBER 11 – NOVEMBER 17

Live Law  

MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY Failure To Provide Possession Of Two Showrooms On Time, MahaRERA Directs Pune Builder To Pay Interest To The Complainant Case – Kohinoor Televideo Pvt Ltd Versus Deron Properties Pvt Ltd A/W 1 other Citation - Complaint No. CC005000000096064 & 1 other Maharashtra Real Estate Regulatory Authority bench, comprising Mahesh Pathak directed the Pune-based builder Deron …

WB REAT Upholds Authority's Decision Directing Builder To Refund ₹11 Lakh To Homebuyer, Initiates Proceedings For Selling Unregistered Project
1 month, 2 weeks ago

WB REAT Upholds Authority's Decision Directing Builder To Refund ₹11 Lakh To Homebuyer, Initiates Proceedings For Selling Unregistered Project

Live Law  

While upholding the West Bengal Real Estate Regulatory Authority order directing the builder to refund the homebuyer's paid amount of Rs. 11,00,000/- with interest, West Bengal Real Estate Appellate Tribunal bench, comprising Justice Rabindranath Samanta, Gour Sunder Banerjee, and Dr. Subrat Mukherjee, initiated proceedings against the builder for violating Section 3 of the Real Estate Act, 2016. The Tribunal also …

RERA update: Uttar Pradesh RERA passes 5 orders to safeguard home buyers’ interests
2 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 …

Karnataka RERA news: Retired IAS officer Rakesh Singh appointed new K-RERA chief
4 months ago

Karnataka RERA news: Retired IAS officer Rakesh Singh appointed new K-RERA chief

Hindustan Times  

The Government of Karnataka has placed retired IAS officer Rakesh Singh at the helm of the state’s Real Estate Regulatory Authority as its chairman. Retired IAS officer Rakesh Singh appointed new K-RERA chief In the interim period, the state government had issued an order appointing Naveen Raj Singh, principal secretary, housing department, to officiate as the acting chairman of K-RERA. …

RERA Cases Weekly Round Up: August 5 To August 11,2024
4 months, 1 week ago

RERA Cases Weekly Round Up: August 5 To August 11,2024

Live Law  

Haryana Real Estate Regulatory Authority Haryana RERA Directs Ocean Seven Buildtech To Pay Interest To 15 Homebuyers Of Expressway Towers For Delayed Possession Case – Rameshwar Singh Versus Ocean Seven Buildtech Pvt. Delay Of 8 Years In Handing Over Possession Of Plot, Haryana RERA Orders Vatika Ltd To Refund Case - Dr. Dolly Chopra Versus M/S Vatika Limited Haryana Real …

Karnataka RERA Orders Shrivision Towers To Pay Interest To Homebuyer For Delayed Possession
4 months, 2 weeks ago

Karnataka RERA Orders Shrivision Towers To Pay Interest To Homebuyer For Delayed Possession

Live Law  

Karnataka Real Estate Regulatory Authority bench, comprising Neelmani N. Raju, has directed Shrivision Towers Private Ltd., the builder, to pay interest to the homebuyer for failing to hand over possession of the flat on time. Therefore, feeling aggrieved, the homebuyer filed a complaint before the authority seeking interest for the delayed possession. Observation and Direction by Authority The Authority observed …

Haryana RERA Orders Raheja Developers To Pay Interest To Homebuyer For Delayed Possession
5 months ago

Haryana RERA Orders Raheja Developers To Pay Interest To Homebuyer For Delayed Possession

Live Law  

Haryana Real Estate Regulatory Authority bench, comprising Ashok Sangwan, has directed M/s Raheja Developers Limited, the builder, to pay interest to the homebuyer for the delay in handing over possession. According to clause 4.2 of the buyer's agreement, the builder was supposed to hand over possession within 54 months, including a 6-month grace period from the date of the agreement. …

Tamil Nadu RERA Orders Builder To Fix Structural Defect And Register Project Under RERA
5 months, 2 weeks ago

Tamil Nadu RERA Orders Builder To Fix Structural Defect And Register Project Under RERA

Live Law  

Tamil Nadu Real Estate Regulatory Authority bench, comprising Sunil Kumar, has directed builder to fix the structural defects in the project and to register it under RERA. Observation and Direction by Authority The authority held that since the project was ongoing, the builder's failure to register it under RERA violates Section 3 of the RERA Act, 2016. Further, authority referred …

RERA Cases Half Yearly Digest : January -June,2024
5 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 …

UP RERA Releases Model Format Of Offer Of Possession Letter To Protect Homebuyers Interest
6 months, 1 week ago

UP RERA Releases Model Format Of Offer Of Possession Letter To Protect Homebuyers Interest

Live Law  

Uttar Pradesh Real Estate Regulatory Authority has issued a directive aimed at curbing the arbitrary practices of real estate promoters in issuing Offer of Possession letters. Key Points Promoters must issue Offer of Possession letters to. Key Points Promoters must issue Offer of Possession letters to allottees in the same format available on the UPRERA Portal. Offer of Possession letters …

Ensure strict implementation of RERA, says CM Revanth Reddy
6 months, 1 week 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 …

H-RERA to crackdown on unnecessarily delayed constructions
6 months, 2 weeks ago

H-RERA to crackdown on unnecessarily delayed constructions

Hindustan Times  

Eight real estate projects in the city were inspected by chairman of the Gurugram bench of Haryana real estate regulatory authority Arun Kumar on Friday, for checking their construction status. H-RERA officials have reported that they have identified 35 such projects in April which have been granted extensions but the on-ground work has not made satisfactory progression. Every project has …

RERA Weekly Round Up – 27 May To 2 June 2024
6 months, 2 weeks ago

RERA Weekly Round Up – 27 May To 2 June 2024

Live Law  

Maharashtra Real Estate Appellate Tribunal MahaREAT Refuses To Adjudicate Homebuyer's Appeal Due To Ongoing Injunction Issued By Pune Civil Court Case – Kunal Kashyap & another Versus M/S Atul Enterprises The bench of the Maharashtra Real Estate Appellate Tribunal, comprising Justice Shriram R. Jagtap and Dr. K. Shivaji, refuses to adjudicate the homebuyer's appeal concerning registration of a real estate …

RERA Cases Quarterly Digest 2024
8 months, 1 week 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 …

Haryana RERA Directs Builder To Refund The Homebuyer's Amount With Interest, Rejects Builder's Investor Argument
8 months, 2 weeks ago

Haryana RERA Directs Builder To Refund The Homebuyer's Amount With Interest, Rejects Builder's Investor Argument

Live Law  

Haryana Real Estate Regulatory Authority comprising Justice Ashok Sangwan, has directed the builder to refund the entire amount paid by the homebuyer with interest, rejecting the builder's contention that the homebuyer is not a consumer but an investor. Aggrieved by the delay, homebuyers seek to withdraw from the project, therefore, homebuyers filed a complaint before Haryana RERA seeking a refund …

Karnataka RERA Rejects Homebuyers Complaint Of Restraining Builder From Constructing On Area Reserved for Amenities.
8 months, 3 weeks ago

Karnataka RERA Rejects Homebuyers Complaint Of Restraining Builder From Constructing On Area Reserved for Amenities.

Live Law  

Karnataka Real Estate Regulatory Authority bench, comprising Justice HC Kishore Chandra, Neelmani N Raju, and GR Reddy, rejected the homebuyers complaint of restraining the builder from constructing on the area reserved for common amenities. Aggrieved by the construction, 15 Homebuyers of Astrum Grand View Mysore Phase I filed a complaint in the Karnataka RERA to restrain the builder from selling, …

RERA update: Uttar Pradesh real estate regulatory authority passes 5 orders to safeguard homebuyers' interests
8 months, 3 weeks 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
9 months 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
9 months 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 …

Karnataka HC Directs State Government To Appoint Chairperson And Members To Karnataka Real Estate Appellate Tribunal
9 months, 2 weeks ago

Karnataka HC Directs State Government To Appoint Chairperson And Members To Karnataka Real Estate Appellate Tribunal

Live Law  

The Karnataka High Court bench comprising of Justice M. Nagaprasanna has directed the State government of Karnataka to expeditiously appoint chairperson and members to Karnataka Real Estate Appellate Tribunal, which has become non-functional due to these vacant posts. Aggrieved by these directions, the promoter filed an appeal with the Karnataka Real Estate Appellate Tribunal. Consequently, the petitioner filed a writ …

RERA | Karnataka High Court Raps Panchayat For Issuing Occupancy Certificate Without Inspection, "From Within Four Corners Of AC Chambers"
10 months, 1 week ago

RERA | Karnataka High Court Raps Panchayat For Issuing Occupancy Certificate Without Inspection, "From Within Four Corners Of AC Chambers"

Live Law  

While refusing to interfere with Karnataka RERA's order declaring the project 'Serene Urbana' an "on-going project", Justice M Nagaprasanna observed that the apartment complex did not even have water and power supply. The Karnataka High Court recently pulled up the Kannamangala Gram Panchayat for issuing occupancy certificate to a retirement home project without carrying out any inspection as to the …

Real estate regulatory reforms shaping the future
1 year, 1 month 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 …

UP real estate authority imposes ₹1.77 crore penalty against 11 promoters
1 year, 11 months ago

UP real estate authority imposes ₹1.77 crore penalty against 11 promoters

Hindustan Times  

The Uttar Pradesh Real Estate Regulatory Authority has imposed a penalty of over ₹1.77 crore against 11 promoters for not complying with orders of the authority, said a press release. The Authority decided to impose appropriate penalties against the promoters to ensure compliance with its orders and protect the interests of the home buyers. On this occasion Rajive Kumar, Chairman, …

Five years after RERA, TS failed to appoint appellate tribunal
2 years 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 …

RERA suspends 52 builders from KDMC
2 years, 2 months ago

RERA suspends 52 builders from KDMC

Hindustan Times  

The Maha Real Estate Regulatory Authority suspended registrations of 52 builders from Kalyan–Dombivli Municipal Corporation limits on Monday. The civic body has said that the builders had produced fake documents to acquire the RERA certificate. “We have uploaded the list of suspended builders from KDMC on our website,” said Vasant Prabhu, secretary, RERA. He drew the court’s attention towards the …

Investors In Real Estate Projects To Have Equivalent Liability As Promoters
2 years, 4 months ago

Investors In Real Estate Projects To Have Equivalent Liability As Promoters

Live Law  

In a recent order pronounced on June 30, 2022, by the Maharashtra Real Estate Regulatory Authority in the matter of 'Rare Township Private Limited vs IIRF India Realty VIII Ltd', the investor IIRF India Realty VIII, which had made investments in Rare Township Private Ltd. has been put in the same bracket as the management of the company because MahaRERA …

RERA Prevails Over SARFAESI ; Homebuyers Can Move RERA Authority Against Bank's Recovery Actions : Supreme Court
2 years, 10 months 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 …

Homebuyers unhappy as Govt. extends deadline for some projects
3 years, 3 months ago

Homebuyers unhappy as Govt. extends deadline for some projects

The Hindu  

An extension in the completion date of a section of projects has been given by the Karnataka Real Estate Regulatory Authority, leaving homebuyers unhappy. Welcoming the move, Suresh Hari, chairman, CREDAI Bengaluru, said extension of completion date was an urgent need due to the continued challenges faced owing to the pandemic. “We wish to know the actual status of those …

Interpretation Of RERA By Courts
3 years, 5 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
3 years, 11 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 …

RERA Regime – Landowners & Promoters
4 years ago

RERA Regime – Landowners & Promoters

Live Law  

Since the advent of the Real Estate Act, 2016, the authorities constituted thereunder ") have shown great resilience and adaptability in their approach in dealing with complex issues arising in matters of real estate, wherein multiple parties and stakeholders are involved. Explanation.—For the purposes of this clause, where the person who constructs or converts a building into apartments or develops …

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