News Muncher - category rera

3 hours, 39 minutes ago

Remedy Under A&C Act Is In Addition To Remedies Under Special Statutes, But Once Elected Other Remedies Are Barred For Same Dispute: Calcutta HC

Live Law

The Calcutta High Court bench comprising Justice Krishna Rao has observed that the remedy available under the Arbitration and Conciliation Act, 1996 is in addition to the remedies available under other special statutes and the availability of alternative remedies is not a bar to the entertaining of a petition under the Arbitration and Conciliation Act, 1996. Reliance was also placed …

Arbitration Dispute Court Agreement Suit Act Rera

3 hours, 44 minutes ago

Haryana RERA Orders Vatika Builders To Refund Rs. 84.34 Lakhs To Homebuyer For Delayed Possession

Live Law

Haryana Real Estate Regulatory Authority bench, comprising Ashok Sangwan, has directed M/s Vatika Sovereign Park Private Limited to refund ₹84.34 Lakhs with interest to homebuyer. Background Facts Homebuyer and his wife booked a flat in the builder's project named Sovereign Park located at Sector 99, Gurugram by paying a booking amount of Rs. However, as per the addendum agreement executed …

Flat Delay Builder Authority Homebuyer Vatika Sovereign Park

7 hours, 9 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 …

Project Complainant Complaint Rera Godrej Properties Builder Authority

3 days, 8 hours ago

Half-Full: Post IBC, How Do We Encourage A Healthy Real Estate Participation?

Live Law

The valuation of Indian real estate sector has witnessed a surge like none other. While the defaults have been recovered, it implies the grave danger posed by unethical practices in Indian real estate sector. IBBI also plans to streamline real estate insolvency processes by making the CoC meeting minutes for real estate projects accessible to all creditors through a secure …

Real Estate Legal Insolvency Cases Indian Estate Real

Delay Of More Than 2.7 Years In Completing Construction Of Project, Haryana RERA Orders Raheja Developers To Refund Rs. 27.98 Lakhs To Homebuyer

Live Law

Haryana Real Estate Regulatory Authority bench, comprising Ashok Sangwan, has directed M/S Raheja Developers Limited to refund ₹27.98 Lakhs with interest to homebuyer who purchased a flat in their Raheja Maheshwara Project. Background Fact The homebuyer booked a flat in the builder's project named Raheja Maheshwara, located at Sector 11 and 14, Sohna, Gurugram by paying Rs. Homebuyer repeatedly contacted …

Flat Project Builder Authority Homebuyer Rera Orders Raheja Developers

3 days, 11 hours ago

Maharashtra RERA Directs Godrej Skyline Developers To Refund Full Booking Amount Paid By Homebuyer With Interest

Live Law

Maharashtra Real Estate Regulatory Authority bench comprising of Ravindra Deshpande directed Godrej Skyline Developers Pvt Ltd to fully refund the booking amount paid by the homebuyer with interest. The bench observed that the allotment letter contained coercive terms and that the booking amount did not fall under the definition of earnest money as per the application form. Feeling aggrieved by …

Form Builder Booking Refund Authority Homebuyer Earnest Money

4 days, 7 hours ago

Inordinate Delay Of More Than 10 Years, Haryana RERA Directs Ansal Builders To Refund 1.07 Crores To Homebuyer

Live Law

Haryana Real Estate Regulatory Authority bench comprising Ashok Sangwan has directed M/s Ansal Housing and Constructions Limited to refund Rs. 1.07 crores with 11.10% interest to the homebuyer after facing an inordinate delay of more than 10 years in receiving possession of the flat. According to the final Floor Buyer's Agreement the builder was supposed to hand over possession of …

Agreement Flat Delay Builder Possession Authority Homebuyer

1 week ago

Distressed home buyer in Bengaluru approaches National Human Rights Commission against builder

New Indian Express

Among the 300-odd people who have purchased a flat from the developer is Amrita Sudhakar. We have repeatedly approached their Customer Care office inside the Tech Park only to get false assurances that the apartment would be ready within three months. Fed up, we approached the Karnataka-Real Estate Regulatory Authority in February 2021 and a verdict was given in our …

Bengaluru Rera

1 week, 4 days ago

Haryana RERA Directs Ansal Builders To Refund Booking Amount Paid By Complainant For Purchasing Shop

Live Law

Haryana Real Estate Regulatory Authority bench comprising Ashok Sangwan has directed M/s Ansal Housing and Constructions Limited to refund the booking amount of 7 lakhs paid by the complainant for purchasing the shop. The complainant approached the authority after the builder retained the booking amount following the complainant's withdrawal from the project in 2022 due to delays in receiving possession …

Complainant Mou Shop Builder Possession Booking Refund

1 week, 5 days ago

Bengaluru buyers association files FIR against real estate developer for fraud worth ₹3300 crore

Hindustan Times

Bengaluru Crime Branch has registered a First Information Report against the Ozone Group promoters following a complaint filed by the Resident Welfare Association of Ozone Urbana Township for defrauding buyers of over ₹3300 crore, according to a copy of the FIR accessed by HT.com. The Central Crime Branch Bengaluru has registered a First Information Report against the Ozone Group promoters …

Bengaluru Karnataka Project Crore Fir Rera Collected

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 …

Compensation Interest Authority Homebuyer Delay Possession

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 …

Delay Rera Builder Possession Authority Homebuyer

2 weeks ago

Karnataka RERA Orders Dharwad-Based Builder To Refund ₹38.8 Lakhs To Homebuyer Due To Delay

Live Law

Karnataka Real Estate Regulatory Authority bench comprising Neelmani N. Raju has directed the Dharwad-based builder named Skytown Builders and Developers to refund ₹38.8 lakhs to the homebuyer after the builder failed to provide possession of the flat on time. Background Facts The homebuyer booked a residential flat on the ground floor in the builder's project named Skytown Luxuria for a …

Rera Builder Refund Authority Homebuyer

2 weeks ago

REAL ESTATE WEEKLY ROUND UP: DECEMBER 2 – DECEMBER 8

Live Law

Haryana Real Estate Regulatory Authority Haryana RERA Directs Anant Raj Builders To Pay Interest, Execute Conveyance Deed In Favor Of Homebuyer Case – Mohit Bansal Versus M/s. Delhi State Commission Failure To Meet Contractual Obligations: Delhi State Commission Holds TDI Infrastructure Liable For Deficiency In Service Case Title: Mr. Raman Singla Vs. TDI Infrastructure Ltd Case Number: C.C. 875/2018 The …

Delhi Regulatory Title State Commission Estate Real

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 …

Karnataka Homebuyers Flat Associations Owners Act Rera

2 weeks, 4 days 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 …

Residents Rera Spaces Developers Amenities

2 weeks, 5 days ago

Karnataka RERA Directs Ozone Urbana Infra Developers To Refund Rs. 1.02 Crores To Homebuyer

Live Law

Karnataka Real Estate Regulatory Authority bench, comprising Neelmani N Raju has directed Ozone Urbana Infra Developers to refund Rs. 1.02 crores to the homebuyer after the builder failed to provide assured returns, pay Pre-EMIs and hand over the possession of the flat on time. Background Facts Relying on the builder's reputation for providing timely delivery of possession, the homebuyer entered …

Karnataka Pay Agreement Builder Homebuyer Urbana Infra Developers Refund Rs

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 …

Flat Project Rera Builder Authority Homebuyer

2 weeks, 5 days 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 …

Karnataka Regulatory Judicial 2024 Tribunal Structural Defects Cidco

2 weeks, 6 days ago

Haryana RERA Directs Anant Raj Builders To Pay Interest, Execute Conveyance Deed In Favor Of Homebuyer

Live Law

Haryana Real Estate Regulatory Authority bench comprising of Ashok Sangwan has directed M/s. Anant Raj Ltd to pay interest for delay and execute conveyance deed in the favour of Homebuyer. Aggrieved by the delay the homebuyer filed a complaint before the authority seeking possession, interest for the delay, a refund of the PLC charges and execution of the conveyance deed …

Flat Delay Rera Builder Possession Authority Homebuyer

2 weeks, 6 days 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 …

Project Rera Buyers Jayathri Infrastructures Incomplete Realty

3 weeks ago

A Legal Intro To Redevelopment In Mumbai

Live Law

Mumbai, India's financial capital and most populous city, faces a monumental challenge in accommodating its ever-growing population within its limited geographical area. Several key provisions of the DCPR 2034 directly relate to redevelopment projects: Regulation 33 pertains to the redevelopment of cessed buildings under the jurisdiction of the Mumbai Housing and Area Development Authority. Utilization of Incentive FSI under DCR …

Development Land Use Legal Dispute Resolution Local Authorities Maharashtra Slum Dwellers

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 …

Real Estate Title Rera Godrej Properties Possession Deficiency Authority

3 weeks, 3 days ago

Maharashtra RERA Holds Spenta Enclave Liable For Delay, Orders Interest To Homebuyers

Live Law

While allowing the complaints of Two homebuyers, Maharashtra Real Estate Regulatory Authority bench comprising of Manoj Saunik directed Spenta Enclave to pay interest to the homebuyers for the delay in handing over possession of the flat. Background Facts Homebuyers purchased their respective flats in the builder's project named Altavista - Phase 1, located at Kurla, Mumbai Sub Urban. Observation and …

Homebuyers Delay Builder Possession Authority Spenta Enclave

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Articles for Rera

Remedy Under A&C Act Is In Addition To Remedies Under Special Statutes, But Once Elected Other Remedies Are Barred For Same Dispute: Calcutta HC

Haryana RERA Orders Vatika Builders To Refund Rs. 84.34 Lakhs To Homebuyer For Delayed Possession

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

Half-Full: Post IBC, How Do We Encourage A Healthy Real Estate Participation?

Delay Of More Than 2.7 Years In Completing Construction Of Project, Haryana RERA Orders Raheja Developers To Refund Rs. 27.98 Lakhs To Homebuyer

Maharashtra RERA Directs Godrej Skyline Developers To Refund Full Booking Amount Paid By Homebuyer With Interest

Inordinate Delay Of More Than 10 Years, Haryana RERA Directs Ansal Builders To Refund 1.07 Crores To Homebuyer

Distressed home buyer in Bengaluru approaches National Human Rights Commission against builder

Haryana RERA Directs Ansal Builders To Refund Booking Amount Paid By Complainant For Purchasing Shop

Bengaluru buyers association files FIR against real estate developer for fraud worth ₹3300 crore

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

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

Karnataka RERA Orders Dharwad-Based Builder To Refund ₹38.8 Lakhs To Homebuyer Due To Delay

REAL ESTATE WEEKLY ROUND UP: DECEMBER 2 – DECEMBER 8

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

Developers violate RERA norms on amenities

Karnataka RERA Directs Ozone Urbana Infra Developers To Refund Rs. 1.02 Crores To Homebuyer

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

REAL ESTATE MONTHLY DIGEST: NOVEMBER 2024

Haryana RERA Directs Anant Raj Builders To Pay Interest, Execute Conveyance Deed In Favor Of Homebuyer

RERA transfers incomplete realty project to buyers’ body

A Legal Intro To Redevelopment In Mumbai

RERA WEEKLY ROUND UP: NOVEMBER 25 – DECEMBER 1

Maharashtra RERA Holds Spenta Enclave Liable For Delay, Orders Interest To Homebuyers