Varying Powers Of Officials Behind Delay In RERA Cases

Varying Powers Of Officials Behind Delay In RERA Cases

PUNE: Varying powers of MahaRERA members and adjudicating officials has meant that not all cases landing in the Pune office are suitably or fully acted upon, resulting in multiplicity of litigations or delay in administration of justice. “The RERA Act has failed to improve on the previous law.

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For Redevelopment, Housing Society Is Also Promoter: RERA

For redevelopment, housing society is also promoter: RERA

MUMBAI: In a relief for flatbuyers in a Goregaon redevelopment project, the Maharashtra Real Estate Regulatory Authority (Maha RERA) has held that a housing society is also a promoter. The Maha RERA recently heard a complaint by purchasers of flats in the sale component of a project called Horizon. Udayachal Goregaon

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‘Can’t Escape RERA Rules With Occupation Certificate’

‘Can’t Escape RERA Rules With Occupation Certificate’

CHANDIGARH: The Haryana Real Estate Regulatory Authority (HRERA) has held that it has the power to adjudicate on project that were on before the RERA Act came into force and were, therefore, not registered under the regulator. The verdict will have wide ramifications on the real estate sector in Haryana as it will bring into RERA’s

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MahaRERA gets 2,000 complaints

Maharashtra: Niranjan Hiranandani

Mumbai: The MahaRERA (Maharashtra Real Estate Regulatory Authority) has received nearly 2,000 complaints from home buyers and developers across the state, with more than 90 per cent complaints registered by home buyers. The authority recently appointed two adjudicating officers to decide on the penalty while hearing cases against developers. According to officials, a majority of the complaints pertain to delayed possession, interest claims, compensation, sales agreement etc. Satbir Singh, a RERA member said, “So far, we have received approximately 1,974 complaints and we have attended to around 1,000 complaints. More…

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RERA is Regulation, not Strangulation: Vice President

Rera News

The Vice-President asked the real estate sector to curtail the speculative land rates as it was not helping anybody. Seeking to allay fears among builders over the Real Estate Regulatory Act (RERA), Vice president M Venkaiah Naidu today said “it is a regulation and not strangulation. “Speaking at the 27th All India Builders’ Convention of Builders’ Association of India, he said some fly-by-night operators were misusing the confidence reposed in them by consumers, bringing a bad name to the entire industry. “I must assure you that Real Estate Regulation is…

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Corporate Developers look to make the Most of RERA Regime

Apartment

Stringent rules under RERA, are forcing unbranded and debt-ridden realtors to forge alliances with large, deep-pocketed corporate developers Corporate real estate developers, some of them new entrants, are chalking out expansion plans to take advantage of a changing regulatory environment amid rising distressed assets in the realty market. Stringent rules under the new Real Estate (Regulation & Development) Act, or RERA, are forcing unbranded and debt-ridden realtors to forge alliances with large, deep-pocketed corporate developers. This has opened up a potentially lucrative business opportunity for corporate entities as well as…

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Ministry Launches Goa RERA Registration Portal

Rera

On Monday the Ministry of Housing and Urban Affairs (MoHUA) launched the Goa Real Estate Regulatory Authority (RERA) registration portal. The central Real Estate (Regulation and Development) Act (RERA) came into effect on 1st May 2017 and Act made it mandatory for agents and developers to register their projects with RERA by 31st July 2017. Due to rules were not formulated on time, Goa had extended the time period for registration. As of now, brokers have time till February end to register and builders to register their project with the…

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