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RERA fines builder for delaying possession
1 week ago

RERA fines builder for delaying possession

Hindustan Times  

The Real Estate Regulation Authority Punjab has directed Omaxe developers in Chandigarh to pay interest per month for delay in handing possession of a flat. The RERA ruled that it is evident that there is delay of many months which is likely to get further delayed and thus the complainant is entitled to get interest. The complainant sought issuance of …

Delay Rera Possession Omaxe Pay Interest Many Months
Maharashtra RERA Directs Godrej Skyline Developers To Refund Full Booking Amount Paid By Homebuyer With Interest
3 weeks, 1 day 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
Telangana RERA Fines Paradise Peak Rs 11 Lakh for Violations
3 weeks, 1 day 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 …

Rera
A Legal Intro To Redevelopment In Mumbai
1 month, 1 week 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
Promoters arm-twisting allottees in UPRERA’s sights
3 months, 3 weeks ago

Promoters arm-twisting allottees in UPRERA’s sights

Hindustan Times  

Promoters compelling allottees to take possession of units on terms and conditions not mentioned in the original sale agreement are on UPRERA’s radar. For representation only The regulatory authority has received complaints from allottees that promoters are offering conditional possession of units by means of a declaration or agreement and forcing them to sign it. The UPRERA has also received …

Sale Agreement Rera Uprera Possession Allottees Sights Promoters
Haryana RERA Directs Parsvnath Developers To Pay Delay Interest And Execute Conveyance Deed In Favour Of Homebuyer
3 months, 3 weeks ago

Haryana RERA Directs Parsvnath Developers To Pay Delay Interest And Execute Conveyance Deed In Favour Of Homebuyer

Live Law  

Haryana Real Estate Regulatory Authority bench, comprising Ashok Sangwan, has directed Parsvnath Developers Limited, the builder, to pay delay interest and execute the conveyance deed in the favour of homebuyer. Background Facts The original allottee booked a flat in the builder's project named Parsvnath Exotica, located in Sector 54, Gurugram, and made payments totaling Rs. On July 13, 2005, a …

Pay Flat Rera Builder Possession Authority Subsequent
Granting possession of a flat without completion and firefighting clearance certificates ‘illegal’: SC
4 months ago

Granting possession of a flat without completion and firefighting clearance certificates ‘illegal’: SC

Hindustan Times  

In a move that would help homebuyers, the Supreme Court has said that if a real estate developer offers possession of a flat to a buyer without completion and firefighting clearance certificates, it would not only be illegal but would amount to deficiency in service under the Consumer Protection Act. Supreme Court deems granting possession of a flat without completion …

Supreme Court Court Order Firefighting Flat Supreme Rera
The Forgotten Creditors: IBC's Dual Approach For Homebuyers And Other Consumers
4 months, 2 weeks ago

The Forgotten Creditors: IBC's Dual Approach For Homebuyers And Other Consumers

Live Law  

The Insolvency and Bankruptcy landscape in India underwent a significant transformation with the enactment of the Insolvency and Bankruptcy Code in 2016. Homebuyer as Financial Creditor| RERA-IBC Standoff Under the Insolvency and Bankruptcy Code 2016, creditors are categorized into two distinct groups: financial creditors, defined under Section 5, and operational creditors, defined under Section 5. The NCLAT also in the …

India Consumer Financial Insolvency Homebuyers Ticket Rera
Homebuyers’ body writes to Centre, objects to MahaRERA setting up conciliation forum to settle buyers-builders disputes
4 months, 2 weeks ago

Homebuyers’ body writes to Centre, objects to MahaRERA setting up conciliation forum to settle buyers-builders disputes

Hindustan Times  

Raising objections to Maharashtra real estate regulator MahaRERA’s decision to constitute and be part of a conciliation forum to settle disputes between homebuyers and builders, a pan-India homebuyers’ body, Forum for Peoples’ Collective Efforts, has said that the law does not empower the regulatory authority to set up such a forum and the move can lead to a possible ‘conflict …

Real Estate Maharashtra Conciliation Lok Adalats Maharera Forum Ministry
Only CPC Provisions Mentioned In RERA Act Apply To RERA Proceedings, Remaining Provisions Intentionally Excluded By Legislature: HP High Court
4 months, 2 weeks ago

Only CPC Provisions Mentioned In RERA Act Apply To RERA Proceedings, Remaining Provisions Intentionally Excluded By Legislature: HP High Court

Live Law  

Addressing the extent to which the provisions of the Code of Civil Procedure, 1908, apply to proceedings before the Real Estate Regulatory Authority, the Himachal Pradesh High Court has ruled that only those provisions of the CPC explicitly mentioned in the Real Estate Act, 2016, apply to RERA proceedings, while other provisions were intentionally excluded by the Legislature. Adjudicating a …

Court Proceedings Legislature Rera Petitioners Decree Other Provisions
U.P. RERA Makes It Mandatory For Promoters To Prove Their Title of Project Land
9 months, 2 weeks 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 …

Development Title Land Project Rera Promoter Project Land
Supreme Court Annual Digest 2023 - Insolvency And Bankruptcy Code
11 months ago

Supreme Court Annual Digest 2023 - Insolvency And Bankruptcy Code

Live Law  

A company could not avail benefit of the Sabka Vishwas scheme as it was under moratorium under IBC - The Courts are meant to do justice and cannot compel a person to do something which was impossible for him to do - Directed that the payment of amount already deposited by the company be appropriated towards settlement dues under “Sabka …

Supreme Court Corporate Court Insolvency Resolution Corporate Debtor Resolution Professional
Real estate agents will have to appear for exams
1 year, 11 months ago

Real estate agents will have to appear for exams

Hindustan Times  

Mumbai: Real estate agents, the intermediary between property seekers and owners in the state, will soon have to appear for exams and get a certificate in order to do their jobs. From May 1, 2023, when it completes six years of operations, the Authority will only allow agents with a valid Competency Certificate to register as authorized real estate agents …

Training Estate Rera Agents Mumbai Real Real Estate Agents
Respondents Also Have Right To Legal Representation Before Regulatory Authority/ Tribunal: High Court Reads Down S.56 Rajasthan RERA Act
2 years, 8 months ago

Respondents Also Have Right To Legal Representation Before Regulatory Authority/ Tribunal: High Court Reads Down S.56 Rajasthan RERA Act

Live Law  

The Rajasthan High Court has observed that Section 56 of the Rajasthan Real Estate Act, 2016, inasmuch as it excludes Respondents' right to legal representation before the Appellate Tribunal or the Regulatory Authority or the adjudicating officer, as the case may be, is ultra vires. Accordingly, it declared that the provision includes the word "Respondent", who would also be entitled …

India Representation Legal Court Regulatory Legal Representation Case
Is Bengaluru's Real Estate sector in a freeze?
2 years, 9 months ago

Is Bengaluru's Real Estate sector in a freeze?

Hindustan Times  

Real estate properties in Bengaluru are lying stagnant as demand for physical infrastructure availability dropped significantly in the last two years after the arrival of the COVID-19 pandemic, with more office-going folk shifting to working from home. Real estate in Bengaluru city is taking a hit due to low demand and oversupply. ) A number of real estate properties in …

Real Estate Bengaluru Estate Real Builders
Gurugram Building Collapse: What Are the Legal Remedies for Such Incidents?
2 years, 10 months ago

Gurugram Building Collapse: What Are the Legal Remedies for Such Incidents?

The Quint  

The promoter of the building project bears this liability as it is a pure breach of agreement between them and the buyer of a flat. According to Delhi-based advocate Pranav Proothi, the RERA Act also empowers the RERA authority to conduct suo-moto investigations or to call up any promoter at any time to furnish written explanations. “The RERA Authority also …

Building Collapse Legal Remedies Rera
Online Symposium On Real Estate (Regulations and Development) Act, 2016
4 years, 1 month ago

Online Symposium On Real Estate (Regulations and Development) Act, 2016

Live Law  

The Institute of Advanced Legal Studies is organizing an Online Symposium on Real Estate Act, 2016, on Saturday,12th December 2020. Kanetkar, Advocate Sandeep Gujarathi, Advocate Abhijit Hartalkar, Advocate Leena Kaulgekar, Advocate The discussion will be centred on the basics, important aspects and practical details of RERA, which has revolutionised the Real Estate Sector in India. The symposium proposes to cover …

Real Estate Rera Online Symposium