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Articles for Rera, search results for sale

Karnataka RERA Orders Dharwad-Based Builder To Refund ₹38.8 Lakhs To Homebuyer Due To Delay
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
Karnataka RERA Directs Ozone Urbana Infra Developers To Refund Rs. 1.02 Crores To Homebuyer
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
REAL ESTATE MONTHLY DIGEST: NOVEMBER 2024
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
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
Karnataka RERA Directs Ozone Urbana Infra Developers To Refund Rs. 1.08 Crores To Homebuyer For Delay
4 weeks ago

Karnataka RERA Directs Ozone Urbana Infra Developers To Refund Rs. 1.08 Crores To Homebuyer For Delay

Live Law  

Karnataka Real Estate Regulatory Authority bench, comprising Neelmani N Raju has directed Ozone Urbana Infra Developers to refund Rs. Observation and Direction by Authority The authority observed that despite entering into agreement for sale to hand over the flat to the homebuyer by June 2023 and receiving total sales consideration the builder has failed to abide by the terms of …

Sale Flat Rera Builder Possession Authority Homebuyer
Delayed Possession And Failure To Pay Pre-EMI, Karnataka RERA Directs Ozone Realtors To Refund Rs. 86 Lakhs To Homebuyer
1 month, 1 week ago

Delayed Possession And Failure To Pay Pre-EMI, Karnataka RERA Directs Ozone Realtors To Refund Rs. 86 Lakhs To Homebuyer

Live Law  

Karnataka Real Estate Regulatory Authority bench comprising Neelmani N. Raju has directed Ozone Realtors Private Limited to refund Rs. 86.32 lakhs to the homebuyer after the builder failed to provide possession of the flat on time and did not pay the Pre-EMI. Background Facts The homebuyer booked a flat in the builder's project named Ozone Polestar located in Bangalore Urban …

Pay Flat Builder Possession Authority Homebuyer Refund Rs
Maharashtra Real Estate Appellate Tribunal Rules on Promoter for Town Development Activities
1 month, 2 weeks ago

Maharashtra Real Estate Appellate Tribunal Rules on Promoter for Town Development Activities

Live Law  

The Maharashtra Real Estate Appellate Tribunal (Tribunal) has held that the City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO), a fully owned undertaking of the Government of Maharashtra and functions as a special planning authority for the development of new towns, falls under the definition of a Promoter under RERA, 2016.

Government Real Estate Development Regulatory Framework Mumbai
RERA update: Uttar Pradesh RERA passes 5 orders to safeguard home buyers’ interests
2 months, 3 weeks ago

RERA update: Uttar Pradesh RERA passes 5 orders to safeguard home buyers’ interests

Hindustan Times  

The Uttar Pradesh Real Estate Regulatory Authority has passed several orders over the last few weeks to protect the interests of homebuyers. UPRERA makes it mandatory for real estate developers to publish project QR codes in all documents shared with buyers With the aim of promoting transparency in the real estate market, UPRERA has said that it will assign a …

Uttar Pradesh Sale Promoters Home Buyers Projects Project Estate
Promoters arm-twisting allottees in UPRERA’s sights
3 months 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
Karnataka RERA news: Retired IAS officer Rakesh Singh appointed new K-RERA chief
4 months ago

Karnataka RERA news: Retired IAS officer Rakesh Singh appointed new K-RERA chief

Hindustan Times  

The Government of Karnataka has placed retired IAS officer Rakesh Singh at the helm of the state’s Real Estate Regulatory Authority as its chairman. Retired IAS officer Rakesh Singh appointed new K-RERA chief In the interim period, the state government had issued an order appointing Naveen Raj Singh, principal secretary, housing department, to officiate as the acting chairman of K-RERA. …

Karnataka Singh Rera Ias Rakesh Singh
Four-Year Delay In Completing Project, Karnataka RERA Orders Mantri Technology Constellations To Refund
4 months, 2 weeks ago

Four-Year Delay In Completing Project, Karnataka RERA Orders Mantri Technology Constellations To Refund

Live Law  

Karnataka Real Estate Regulatory Authority bench, comprising HC Kishore Chandra, has directed Mantri Technology Constellations Pvt. Ltd., the builder, to refund the amount paid by the homebuyer for purchasing a flat, after the builder failed to complete the project despite a four-year delay. Background Facts A homebuyer booked a flat in the builder's project named Mantri Manyata Energia, situated at …

Flat Builder Authority Homebuyer Refund Karnataka
Haryana RERA Upholds Emaar India's Termination Of Flat Booking After Homebuyer Failed To Make Timely Payments
5 months ago

Haryana RERA Upholds Emaar India's Termination Of Flat Booking After Homebuyer Failed To Make Timely Payments

Live Law  

Haryana Real Estate Regulatory Authority bench, comprising Ashok Sangwan, upheld M/s Emaar MGF Land Ltd., the Builder termination of the flat booking after the homebuyer failed to fulfill timely payment obligations. The homebuyer had booked a flat in the builder's Palm Gardens Project and paid 13 lakhs out of the total cost of the flat. “Section 13 of RERA, 2016, …

Flat Total Rera Builder Authority Homebuyer Earnest Money
Homebuyers Failed To Make Timely Payment, MahaRERA Orders Homebuyers To Pay Dues To Builder With Interest
5 months ago

Homebuyers Failed To Make Timely Payment, MahaRERA Orders Homebuyers To Pay Dues To Builder With Interest

Live Law  

Maharashtra Real Estate Regulatory Authority bench, comprising Mahesh Pathak, has directed homebuyers to pay the remaining amount with interest to Kapstone Constructions Private Limited, the builder, after they failed to make payment as per the terms and conditions of the agreement for sale. Aggrieved by the delay in payment from the homebuyers, the builder filed a complaint before the authority …

Homebuyers Sale Pay Payment Agreement Rera 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
Hyderabad: Six Real Estate Firms Served Notice for Flouting Norms
6 months, 3 weeks ago

Hyderabad: Six Real Estate Firms Served Notice for Flouting Norms

Deccan Chronicle  

Hyderabad: The Telangana Real Estate Regulatory Authority has served notices to six real estate companies for flouting norms which include pre-launch sales. One of the companies, Bharti Lake View Towers, had reportedly cheated 350 people of Rs.60 crore. The others who were issued notices were Pragya Ecospring, Sri Siddi Vinayaka Property Developers in Chintalkunta, North East Habitation, VR Promoters and …

Rera Tgrera Norms Hyderabad
RERA Cases Quarterly Digest 2024
8 months, 1 week 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 …

Regulatory Project Tribunal Estate Real Bench Karnataka Rera
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
Himachal RERA Orders Full Refund , Rejecting Builder's Contention Of Deducting 10% Of The Flat's Cost As A Booking Charge
9 months ago

Himachal RERA Orders Full Refund , Rejecting Builder's Contention Of Deducting 10% Of The Flat's Cost As A Booking Charge

Live Law  

The Himachal Real Estate Regulatory Authority bench comprising of Justice Rajeev Verma, has granted the homebuyer a full refund of their investment by rejecting the builder's contention of deducting 10% of the flat's cost as a booking charge. Feeling aggrieved by this, the homebuyer seeks refund of the investment amount along with the imposition of a monthly interest rate of …

Rera Builder Refund Homebuyer Full Refund Hprera Interest Furthermore
TNREAT : If The Sale Agreement Stipulates Interest On Corpus Fund, Promoter Must Pay It, Whether They Earned Any Interest Or Not .
9 months, 1 week ago

TNREAT : If The Sale Agreement Stipulates Interest On Corpus Fund, Promoter Must Pay It, Whether They Earned Any Interest Or Not .

Live Law  

The Tamil Nadu Real Estate Appellate Tribunal bench, comprising of Justice M. Duraiswamy and R. Padmanabhan, has held that if the sale agreement stipulates that the promoter will earn interest on the corpus fund, then the promoter is liable to pay interest on the corpus fund, regardless of whether they actually earned any interest from it. The appellant filed an …

Appeal Maintenance Interest Tribunal Fund Rera Promoter
AP RERA Imposes Rs 42,000 Penalty on GCON Urban for Violation of Carpet Area Norms
1 year, 2 months ago

AP RERA Imposes Rs 42,000 Penalty on GCON Urban for Violation of Carpet Area Norms

Deccan Chronicle  

Visakhapatnam: AP Real Estate Regulatory Authority has imposed a penalty of Rs 42,000 on Visakhapatnam-based builder GCON Urban for violation of norms. Complainant Chetti Satya Venkata Jagan Kumar Raja said he had purchased a residential duplex flat in Bay Ridge project of GCON Urban builders in Vizag city from Satayanarayana Raju and Sivaram in October 2018. Raja’s mother Chetti Lakshmi …

Area Rera Carpet Area Gcon Gcon Urban
Mantri Serenity is first stalled realty project in Bengaluru to be completed with government funds
2 years ago

Mantri Serenity is first stalled realty project in Bengaluru to be completed with government funds

The Hindu  

December 20, 2022 02:59 pm | Updated 08:11 pm IST - Bengaluru Mantri Serenity on Kanakapura Road, where booking began in 2012 but the project was stalled in 2018 due to lack of funds, has emerged as the first realty project in Bengaluru to be completed using funding from the SWAMIH Investment Fund, a special scheme by the Union government …

Bengaluru Project Fund Rera Swamih Swamih Investment Fund Stalled Realty
Model Builder-Buyer Agreement: Supreme Court Asks Amicus & Centre To Provide A Roadmap
2 years, 4 months ago

Model Builder-Buyer Agreement: Supreme Court Asks Amicus & Centre To Provide A Roadmap

Live Law  

In a plea seeking direction to the Centre to frame model builder-buyer and agent-buyer agreements to ensure uniformity, the Supreme Court, on Friday, asked the Amicus Curiae and Additional Solicitor General, Ms. Aishwarya Bhati appearing on behalf of the Ministry of Housing and Urban Affairs, Govt. Amicus Curiae, Mr. Devashish Bharuka apprised the Bench that he has filed the status …

Court States Model Agreement Bench Rera Central Government
Robust Regulatory Mechanism & Draft Agreement Already Prescribed Under RERA: Centre Tells Supreme Court In Plea Seeking Model Builder Buyer Agreement
3 years ago

Robust Regulatory Mechanism & Draft Agreement Already Prescribed Under RERA: Centre Tells Supreme Court In Plea Seeking Model Builder Buyer Agreement

Live Law  

Responding to a plea seeking a model builder buyer agreement, the Central Government has submitted before the Supreme Court that a robust regulatory mechanism and draft 'agreement for sale" has already been prescribed under the provisions of RERA.According to Centre, the mechanism prescribed under RERA seeks to balance the rights and interest. Responding to a plea seeking a model builder …

Court Sale Interest Agreement Centre Rera Provisions
HRERA Regulations For Sale Of Apartments On The Basis Of Carpet Area
3 years, 4 months ago

HRERA Regulations For Sale Of Apartments On The Basis Of Carpet Area

Live Law  

Move by HaryanaReal Estate Regulatory Authority, to regulate the sale of apartments/Floors only on the basis of carpet area comes out as a big relief to the homebuyers. Considering the objectives and intentions of the Real Estate Act, 2016 and the Rules made thereunder, it was felt that it was the need of the hour to frame regulations on the …

Development Sale Estate Real Act Area Rera