Realty to take a hit as RERA comes to force from Sunday
6 years, 6 months ago

Realty to take a hit as RERA comes to force from Sunday

Deccan Chronicle  

Hyderabad: The much delayed Telangana state Real Estate Regulatory Authority act will come into force from September 1 in the state. Accordingly the fee would be Rs 5 per square metre for projects whose land that was proposed to be developed was below 1,000 square meters and Rs 10 per square metre for projects whose development exceeded 1,000 square metres not exceeding Rs 5 lakh. In case of mixed development projects, the fee would be Rs 10 per square metre for projects below 1,000 square metres and Rs 15 per square metre for those above 1000 square metres not exceeding Rs 7 lakh. The fee in respect of commercial projects would be Rs 20 per square metre for below 1,000 square metres and Rs 25 per square metre for those exceeding the limit subject to a maximum of Rs 10 lakh. For the plotted development projects, the fee would be Rs 5 square metre not exceeding Rs 2 lakh.

Development Projects Telangana Project Estate Real Rera Square Square Metre Metre Real Estate Agents  metre  rs  fee  comes  force  development  realty  rera  hit  projects  estate  real  project  square

History of this topic

RERA Comes to Rescue of Flat Buyer in Hyderabad
1 month, 1 week ago

RERA Comes to Rescue of Flat Buyer in Hyderabad

Deccan Chronicle  

Hyderabad: The Telangana State Real Estate Regulatory Authority has directed Parijatha Homes & Developers to complete the construction work and hand over the physical possession of Flat No. The buyer alleged that despite paying the sale price and getting the property registered in his name in April 2021, the builder failed to deliver the physical possession of the flat as …

Telangana RERA Penalises Builder For Unilaterally Cancelling Homebuyers Allotment, Also Holds Real Estate Agent Liable
1 month, 2 weeks ago

Telangana RERA Penalises Builder For Unilaterally Cancelling Homebuyers Allotment, Also Holds Real Estate Agent Liable

Live Law  

Telangana Real Estate Regulatory Authority bench, comprising K. Srinivasa Rao and Laxmi Narayana Jannu has imposed a penalty of Rs. 8.57 lakh each on the builder and the real estate agent for unilaterally canceling the allotment of the homebuyer and violating the provisions of the RERA, 2016. 2 acted as the Real Estate Agent for builder by executing agreements on …

RERA fines DLF Garden City developers Rs 2.5 lakh
1 month, 3 weeks ago

RERA fines DLF Garden City developers Rs 2.5 lakh

Deccan Chronicle  

Hyderabad: The Telangana Real Estate Regulatory Authority penalised the developers of DLF Garden City in Nandigama, Rangareddy district, Rs.2.5 lakh for failing to register the project under the Real Estate Act, 2016. The complainants alleged that despite obtaining layout approvals in 2012 from the HMDA, the developers failed to register the project under RERA when the Act came into effect …

Telangana RERA Orders Refund To Homebuyer And Imposes Rs 9.96 Lakh Penalty On Hyderabad-Based Builder For Selling Unregistered Project
2 months, 1 week ago

Telangana RERA Orders Refund To Homebuyer And Imposes Rs 9.96 Lakh Penalty On Hyderabad-Based Builder For Selling Unregistered Project

Live Law  

Telangana Real Estate Regulatory Authority bench, comprising Justice Dr. N. Satyanarayana, K. Srinivasa Rao and Laxmi Narayana Jannu directed the Hyderabad based builder named Krithika Infra Developers to refund the amount paid by the homebuyer for purchasing the flat. 9.96 lakh on the builder for marketing, advertising and selling the unregistered project to the homebuyer. The homebuyer further contended that …

Outlook 2025: Emerging trends of real estate sector
2 months, 2 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 …

Telangana RERA Fines Paradise Peak Rs 11 Lakh for Violations
3 months ago

Telangana RERA Fines Paradise Peak Rs 11 Lakh for Violations

Deccan Chronicle  

HYDERABAD: Telangana Real Estate Regulatory Authority has penalised Paradise Peak Pvt. The complainant alleged that the developer had sold 550 plots in a 50-acre project at Zaheerabad without the mandated RERA registration. While he was reviewing legal documents for his clients, Santosh fund that the project lacked RERA registration, thereby exposing buyers to legal risks. While the authority dismissed the …

Developers violate RERA norms on amenities
3 months, 2 weeks ago

Developers violate RERA norms on amenities

Deccan Chronicle  

Hyderabad:The Real Estate Regulatory Authority in Telangana has received some complaints from residents of housing projects over the misuse of amenity spaces by developers. Section 2 of the Telangana Real Estate Act, defines "common areas" as spaces that everyone in a housing project shares. Builders are legally required to hand over the amenities block to the residents association within three …

RERA transfers incomplete realty project to buyers’ body
3 months, 2 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 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 …

Hyderabad Real Estate: A Thriving Hub for Developers and Investors
5 months, 3 weeks ago

Hyderabad Real Estate: A Thriving Hub for Developers and Investors

The Hindu  

Hyderabad real estate has recently emerged as one of India’s fastest-growing real estate markets. The establishment of top companies typically has increased in the value of commercial, retail, and even residential sectors in Hyderabad real estate Enhancement of the business environment in Hyderabad real estate: The increasing foreign direct investment is indicative of the corporatization that the city has undergone …

Mucherla plan will encourage growth: Credai
7 months, 3 weeks ago

Mucherla plan will encourage growth: Credai

Deccan Chronicle  

Hyderabad: Chief Minister A. Revanth Reddy’s plan to develop a city of international standards at Mucherla will boost the real estate industry in Telangana, unlike recent years when growth was concentrated in west Hyderabad, members of the Confederation of Real Estate Developers' Associations of India, Hyderabad, said on Thursday. The Credai-Hyderabad will organise three property shows in the city this …

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, 1 week 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, 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 …

RERA Weekly Round Up – 27 May To 2 June 2024
9 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
11 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 …

RERA update: Uttar Pradesh real estate regulatory authority passes 5 orders to safeguard homebuyers' interests
11 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 …

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 …

Challenges amid changing trends in real estate
1 year, 6 months ago

Challenges amid changing trends in real estate

The Hindu  

The real estate sector has been grappling with a lot of challenges in the past few years. Even though real estate is the second biggest employment in India and contributes to 7% of the GDP, it still doesn’t have an industry status. Top banks and financial institutions have reduced their exposure to the real estate sector making it difficult for …

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 …

UP-Rera approves 36 new realty projects in September
2 years, 5 months ago

UP-Rera approves 36 new realty projects in September

Hindustan Times  

The Uttar Pradesh Real Estate Regulatory Authority received 36 applications to register new residential and commercial realty projects in the month of September. UP-Rera approves 36 new realty projects in September According to the rules, a developer is required to register any new project with the authority and obtain a registration number before beginning construction work. Earlier, 70% of new …

Homebuyers in Karnataka on shaky ground as K-RERA yet to build a strong foundation
2 years, 8 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 …

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 …

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 …

Real Estate: Housing sales rise 50% in 2018, but liquidity crunch limits recovery
6 years, 2 months ago

Real Estate: Housing sales rise 50% in 2018, but liquidity crunch limits recovery

Live Mint  

New Delhi: Showing signs of recovery, the real estate sector saw almost 50 per cent surge in housing sales in 2018 across major cities on stable rates and demand for affordable flats, but year-end liquidity crisis dashed hopes of a strong growth while homebuyers remained a worried lot over delayed delivery. However, sales may surge in the second half if …

Over 31,000 realty projects under Rera so far, Maharashtra leads race: Report
6 years, 7 months ago

Over 31,000 realty projects under Rera so far, Maharashtra leads race: Report

Live Mint  

Mumbai: As many as 31,500 real estate projects across the country have been registered under Rera so far, with Maharashtra alone accounting for almost 54% of the same, a report said. The Real Estate Act, 2016 came into full force from 1 May, 2017, and all the states and Union territories were supposed to notify their respective Rera rules, create …

One year on, has RERA helped bring back homebuyers?
6 years, 10 months ago

One year on, has RERA helped bring back homebuyers?

Live Mint  

Bengaluru: A year after the Real Estate Act, 2016, came into force, homebuyers are slowly returning to the market on the back of a price correction, pent-up demand, easier payment schemes and increased credibility instilled by the new regulatory regime. “Sales have gone up across cities in the March quarter and it’s a combination of factors that worked, but what …

'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 …

Telangana: Realty sector booms after bank scams
6 years, 11 months ago

Telangana: Realty sector booms after bank scams

Deccan Chronicle  

Hyderabad: The real estate sector has been booming in Telangana State as people prefer to invest in property rather than deposit it in banks. The Telangana stamps and registrations department, which used to earn revenue of Rs 300 crore per month on an average through property registrations, has registered an increase to nearly Rs 450 crore in the previous three …

Year Ender 2017 News: Realty faces slowdown, up for recovery post RERA
7 years, 2 months ago

Year Ender 2017 News: Realty faces slowdown, up for recovery post RERA

India TV News  

Year Ender 2017 News: Realty faces slowdown, up for recovery post RERA Reforms promise to make residential real estate dealings more transparent than ever before and the market is expected to see at least a partial recovery in 2018 on the back of revived confidence of homebuyers. The policy reforms, however, promise to make residential real estate dealings more transparent …

RERA aims at long-term changes; shortage of houses more than 10 mn in urban areas, says Hardeep Singh Puri
7 years, 4 months ago

RERA aims at long-term changes; shortage of houses more than 10 mn in urban areas, says Hardeep Singh Puri

Firstpost  

The conferring of industry status to affordable housing, the insolvency bill and the Goods and Services Tax have created an environment to resolve all the miseries of the real estate sector, Union Minister of State for Housing and Urban Affairs Hardeep Singh Puri said at the RICS Real Estate Conference 2017 in New Delhi on Wednesday. The objective was to …

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 …

How You Can File a Complaint Under RERA
7 years, 7 months ago

How You Can File a Complaint Under RERA

The Hindu  

When the Real Estate Act was brought into the spotlight on May 1 this year, homebuyers all over the country breathed a collective sigh of relief. Complaints can be filed with the Real Estate Regulatory Authority or the adjudicating officer under Section 31 of RERA. In order to file a complaint with RERA, home buyers need to confirm the following: …

By invitation: RERA in Karnataka protects builder, not consumer
7 years, 8 months ago

By invitation: RERA in Karnataka protects builder, not consumer

Deccan Chronicle  

The Real Estate Regulatory Authority bill passed by Parliament unanimously on March 26th, 2016 was a response by Central Govt and Parliament to the long-standing problem of home buyers being exploited by rogue elements in the Real estate sector. I followed it up with a reminder letter on July 04, 2017, urging him to notify the Rules in accordance with …

Real Estate (Regulation & Development) Act, 2016 Comes Into ‘Full’ Force
7 years, 10 months ago

Real Estate (Regulation & Development) Act, 2016 Comes Into ‘Full’ Force

Live Law  

The Real Estate Act, 2016, has come into full force from Monday, with the implementation of Sections 3-19, 40, 59-70, 79 and 80. Ahead of the Act coming into force, the Ministry of Housing & Urban Poverty Alleviation had formulated and circulated Model Real Estate Regulations for adoption by the Regulatory Authorities in the States/UTs. Chronology of events leading to …

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