UP Rera will soon start grading realty projects and developers
4 years, 11 months ago

UP Rera will soon start grading realty projects and developers

Live Mint  

Homebuyers who are planning to buy a house in Uttar Pradesh will soon be able to factor in grades of developers and projects before choosing one. Uttar Pradesh Real Estate Regulatory Authority will soon start grading projects and developers based on various parameters such as financial quality, organizational structure and certifications, track record, compliance adherence and customer feedback. According to a public notice dated 22 April by UP Rera, “The objective of the grading system, which will be done annually, is to assess the promoters and projects registered with UP Rera and rate them so that homebuyers can make an informed choice. This grading scale will help in creating a track record for promoters and better understanding of issues as delays in possession and major slowdown in the projects registered with UP Rera and the level of performance of the promoters.” Developers also welcome the UP Rera step. “Prima facie the proposed grading system is a welcome step as it will help buyers to differentiate between good developers and bad ones, good projects and not-so-great projects.

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History of this topic

RERA Weekly Round Up – 27 May To 2 June 2024
9 months, 3 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, 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 …

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 …

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 …

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 …

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 …

UPRERA to go online from July 22
7 years, 8 months ago

UPRERA to go online from July 22

Hindustan Times  

The official website of the Uttar Pradesh Real Estate Regulatory Authority, where the builders would be able to register or declare their projects as RERA compliant, would be ready by July 22. The official website of the Uttar Pradesh Real Estate Regulatory Authority would be ready by July end. He said both consumers and builders would face some teething troubles …

Haryana’s RERA rules to come into effect from July 1, Gurgaon homebuyers pins hopes on government
7 years, 9 months ago

Haryana’s RERA rules to come into effect from July 1, Gurgaon homebuyers pins hopes on government

Hindustan Times  

The final draft rules of the Haryana Real Estate Regulatory Authority are set to come into effect from July 1. Once the RERA rules come into effect, the developers, especially those who have not obtained completion certificates for their projects, would be penalised. However, once the RERA rules come into effect, the developers, especially those who have not obtained completion …

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