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.

Read More

Blow to Housing Societies: Rera won’t hear Redevelopment Disputes

Rera

MUMBAI: Housing Society Members who have a dispute with their builder over Redevelopments cannot seek relief under the Real Estate (Regulation and Development) Act (Rera). The state Rera last month dismissed a complaint filed by members of a Vikhroli housing society against their builder for failing to hand over their new flats for 11 years. They also accused the society’s managing committee of granting permission to the builder to add five floors without their approval. In a December 2017 order, MahaRera chairperson Gautam Chatterjee said the authority is not the proper forum…

Read More

GST to Help Developers Shift Focus to Affordable Housing

The Goods and Services Tax (GST) is likely to make real estate developers shift focus to high volume, low to medium housing. Affordable housing costs could fall and those for the premium segment could rise, says a white paper titled Decoding GST and Real Estate Regulation by RICS, , a self-regulatory professional body

Read More

Seminar on Real Estate Regulatory Rules held in Ghaziabad

A seminar on Real Estate Regulatory Rules, 2016 was organized by Consortium of Societies and AoA Federation, the apex organizations of resident bodies of Ghazvanid on Saturday. “This event was a medium for gathering momentum for a movement to demand changes in the real estate rules from the state government

Read More

Union urban development ministry finalises new realty rules under the latest law passed by the Parliament

There is good news for homebuyers in Delhi. The Union urban development (UD) ministry on Wednesday finalised the rules to make the landmark Real Estate (Regulation and Development) Act operational in the national capital. The law will not only protect new homebuyers from unscrupulous developers but safeguard the interest of allottees of the ongoing projects. The Parliament had cleared the realty law in March and states and union territories were given six months to notify the rules. While for Delhi, the UD ministry will notify the rules, the housing and…

Read More