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Maharashtra RERA Holds Spenta Enclave Liable For Delay, Orders Interest To Homebuyers
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
Essential Questions Homebuyers Must Ask Real Estate Builders
3 months, 3 weeks ago

Essential Questions Homebuyers Must Ask Real Estate Builders

The Hindu  

Table of Contents Rapid urbanization and rising demand for residential properties in Chennai are driving a huge growth in the real estate sector. To find solutions to these difficulties homebuyers must ask certain significant questions to the real estate developers while purchasing apartments in Chennai. It’s important to inquire with a real estate builder about the completion date and any …

Real Estate Construction Legal Property Chennai Project Rera
Haryana RERA Orders Imperia Structures To Pay Interest To Homebuyer For Delayed Possession
4 months ago

Haryana RERA Orders Imperia Structures To Pay Interest To Homebuyer For Delayed Possession

Live Law  

Haryana Real Estate Regulatory Authority bench, comprising Ashok Sangwan, has directed M/s Imperia Structures Limited, the builder, to pay interest to the homebuyer of The Esfera project located at Sector 37C, Gurugram, for the delay in handing over possession. Background Facts On 24.12.2012, the homebuyer was allotted a flat in the builder's project named The Esfera, located at Sector 37C, …

Interest Flat Builder Hand Authority Homebuyer Orders Imperia
Haryana RERA Directs Ocean Seven Buildtech To Pay Interest To 15 Homebuyers Of Expressway Towers For Delayed Possession
4 months, 3 weeks ago

Haryana RERA Directs Ocean Seven Buildtech To Pay Interest To 15 Homebuyers Of Expressway Towers For Delayed Possession

Live Law  

Haryana Real Estate Regulatory Authority bench, comprising Ashok Sangwan, has directed Ocean Seven Buildtech Pvt. The project was an affordable housing project, and possession was expected to be handed over by the builder within 4 years from the date of building plan approval or environmental clearance, whichever is later. The homebuyer contended that the builder violated Section 1 of the …

Interest Project Date Environmental Clearance Builder Possession Authority
Delay Of 4 Years In Offering Possession, Punjab RERA Orders Builder To Pay Compensation To Homebuyer For Mental Agony
5 months ago

Delay Of 4 Years In Offering Possession, Punjab RERA Orders Builder To Pay Compensation To Homebuyer For Mental Agony

Live Law  

Punjab Real Estate Regulatory Authority bench, consisting of Balbir Singh, has directed M/s Sushma Buildtech Limited, the builder, to compensate the homebuyers for the mental agony and harassment endured due to a four-year delay in offering possession. Background Facts The homebuyers jointly booked a flat in the builder's project Sushma Chandigarh Grande for a total sale consideration of Rs. Observation …

Compensation Homebuyers Delay Rera Builder Mental Agony Possession
Haryana RERA Directs Ambience Projects To Hand Over Possession To Homebuyers, Pay Interest For Delay
5 months, 2 weeks ago

Haryana RERA Directs Ambience Projects To Hand Over Possession To Homebuyers, Pay Interest For Delay

Live Law  

Haryana Real Estate Regulatory Authority bench, comprising Sanjeev Kumar Arora, has directed Ambience Projects, the builder, to hand over possession of the flat to the homebuyer and pay interest for the delay in handing over the possession. According to Clause 11 of the agreement, the builder had to finish construction and hand over the flat within 60 months, making the …

Interest Agreement Flat Project Delay Covid Builder
Builder Failed To Commence Construction Even After Two Years From Agreement Date, Karnataka RERA Orders Refund To Homebuyer
6 months ago

Builder Failed To Commence Construction Even After Two Years From Agreement Date, Karnataka RERA Orders Refund To Homebuyer

Live Law  

Karnataka Real Estate Regulatory Authority bench, comprising GR Reddy, has directed the builder to refund the amount paid by the homebuyer for a flat, as the builder failed to start construction of the project even after two years from the date of entering into the agreement for sale with the homebuyer. Furthermore, the Authority observed that as per Section 18 …

Sale Agreement Project Rera Builder Authority Homebuyer
Haryana RERA imposes penalty of ₹6 lakh on Vatika Ltd; Directs builder to execute BBA within a month
8 months, 1 week ago

Haryana RERA imposes penalty of ₹6 lakh on Vatika Ltd; Directs builder to execute BBA within a month

Hindustan Times  

The Haryana Real Estate Regulatory Authority has penalized the real estate firm, Vatika Limited, with more than ₹6 lakh for violating the builder-buyer agreement provisions and directed the promoter to execute the BBA within a month. The Haryana Real Estate Regulatory Authority has penalized the real estate company Vatika Limited with more than ₹ 6 lakh for violating the builder-buyer …

Order Agreement Gurugram Estate Real Limited Rera
RERA Court imposes fine of ₹6 lakh on Vatika Ltd for violating builder-buyer agreement
8 months, 1 week ago

RERA Court imposes fine of ₹6 lakh on Vatika Ltd for violating builder-buyer agreement

Hindustan Times  

Gurugram, The Real Estate Regulatory Authority court here has penalised real estate promoter Vatika Limited with over ₹6 lakh for violating the Builder Buyer Agreement provisions, an official said on Tuesday. HT Image The landmark order of the RERA court passed by Judge SK Arora has come as a big relief for the five complainants, the official said. "The Authority …

Court Order Vatika Limited Vatika Rera Court
MahaREAT Grants Interest To Homebuyer For Delayed Possession, Rejects Builder's Defense Of Late Approval Of Occupation Certificate
8 months, 2 weeks ago

MahaREAT Grants Interest To Homebuyer For Delayed Possession, Rejects Builder's Defense Of Late Approval Of Occupation Certificate

Live Law  

Maharashtra Real Estate Appellate Tribunal bench, comprising of Justice Shri Shriram R. Jagtap and Dr. K. Shivaji, has granted interest to homebuyer for delayed possession by rejecting the builder's contention of late approval of Occupation Certificate due to internal disputes between Maharashtra Housing and Development Authority and Municipal Corporation of Greater Mumbai regarding the issuance of approvals. REAT Verdict MahaREAT …

Interest Agreement Delay Rera Builder Possession This Act
MahaRERA extends completion dates for three housing projects
10 months, 2 weeks ago

MahaRERA extends completion dates for three housing projects

Hindustan Times  

Mumbai: The Maharashtra Real Estate Regulatory Authority has granted extensions to the completion dates of three housing projects, including Rustomjee Group’s Rustomjee Crown Phase 1 in Prabhadevi, Rustomjee Summit in Borivali East, and Raunak Group’s Unnati Woods Phase VIII, under Section 7 of RERA. MahaRERA extends completion dates for three housing projects Real Gem Builtech Pvt Ltd, the promoter-developer of …

Project Date Maharera Rera Promoter Extension Completion
MREAT orders coercive action against developer for failure to comply with refund order
1 year ago

MREAT orders coercive action against developer for failure to comply with refund order

Hindustan Times  

Mumbai: Maharashtra Real Estate Appellate Tribunal has directed the suburban collector to attach and auction immovable properties and bank accounts belonging to Krishna Developers Pvt Ltd after the developer failed to comply with its order for refund with interest granted to a homebuyer from one of its projects. During the December 21 hearing, advocate Pooja Gaikwad, appearing for the developer, …

Order Home Buyers Interest Tribunal Date Maharera Rera
Property registration stalled by sub-registrars, says BJP citing NCT of Delhi RERA order
1 year, 1 month ago

Property registration stalled by sub-registrars, says BJP citing NCT of Delhi RERA order

Hindustan Times  

The Delhi BJP on Monday claimed that following a NCT of Delhi RERA order, property registration has been stalled by the sub-registrars here. In a statement, Sachdeva claimed that "misusing the Supreme Court's concern for protecting the interest of property buyers, the Delhi government's RERA has brought a notification after which sub-registrars stalled property registration in Delhi today." "The builders …

Delhi Property Order Property Registration Units Bjp Sachdeva
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 …

Karnataka Projects Rera Extension Fpce
Five years of RERA: Failures and shortcomings outweigh benefits, say activists
3 years, 5 months ago

Five years of RERA: Failures and shortcomings outweigh benefits, say activists

The Hindu  

It has been five years since the Real Estate Act, 2016 was enacted in the country. However, its failures and shortcomings outweigh its benefits by a wide margin in the State, says the Forum for People’s Collective Efforts which has been at the forefront of the movement for RERA even before the Act was enacted. “We need to ask a …

Projects State Rera Fpce Registered Projects
Entitlement Of Homebuyer Starts From Date Of Agreement And Not RERA Registration: Supreme Court [Read Judgment]
4 years, 1 month ago

Entitlement Of Homebuyer Starts From Date Of Agreement And Not RERA Registration: Supreme Court [Read Judgment]

Live Law  

The Supreme Court has held that period for allotment of flat to a homebuyer has to be reckoned from the date of the buyer agreement and not from the date of the registration of the project under the Real Estate Regulation and Development Act.A division bench comprising Justices UU Lalit and Vineet Saran made this observation in the judgment in …

Court Registration Agreement Date Act Rera Vineet Saran
P&H HC Repels Challenge Against Pre-Deposit Condition For Appeal Under Section 43(5) Of RERA [Read Judgment]
4 years, 2 months ago

P&H HC Repels Challenge Against Pre-Deposit Condition For Appeal Under Section 43(5) Of RERA [Read Judgment]

Live Law  

The Punjab and Haryana High Court has repelled the challenge against the constitutionality of the condition for pre-deposit prescribed under Section 43 of the Real Estate Regulation and Development Act, 2016 for filing of an appeal by a promoter before the Appellate Authority against any direction of the adjudicating officer.The proviso to Section 43 prescribes that "where a promoter. The …

Appeal Judgment Court Haryana Rules Tribunal Act