U.P. RERA Makes It Mandatory For Promoters To Prove Their Title of Project Land
1 year ago

U.P. RERA Makes It Mandatory For Promoters To Prove Their Title of Project Land

Live Law  

Uttar Pradesh Real Estate Regulatory Authority has issued office order directing the promoters to ensure that they have legal title over the land on which they are applying for registration of the project. In case, the project land is not in the ownership of the promoter but in the ownership of some other person or persons, the promoter must have the consent of such landowner for the development of the proposed project and must have a registered joint development agreement to this effect with the landowner. If someone other than the promoter has title over the project land, the promoter must have the written consent of such person for the development of the project and a registered joint development agreement with him to this effect. These orders became necessary because in the absence of the title over the project land or the consent of the landowner and a registered Joint Development Agreement with him, it is not legally possible for the promoter to convey the title to the allottees along with their proportionate shares in the project land.

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History of this topic

Telangana RERA Permits Association Of Homebuyers To Take Over Project Due To Builder's Failure
3 months, 2 weeks ago

Telangana RERA Permits Association Of Homebuyers To Take Over Project Due To Builder's Failure

Live Law  

While invoking Section 8 of the Real Estate Act, 2016, the Telangana Real Estate Regulatory Authority bench comprising Justice Dr. N. Satyanarayana, K. Srinivasa Rao, and Laxmi Narayana Jannu permitted the Association of Homebuyers to take over the project and complete it within eight months. Being Aggrieved, the homebuyers filed a complaint before the authority seeking possession and a direction …

Investors In Real Estate Projects To Have Equivalent Liability As Promoters
2 years, 8 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 Regime – Landowners & Promoters
4 years, 4 months 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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