13 और बिल्डरों को 23 आदेशों का पालन करने का नोटिस जारी

13 और बिल्डरों को 23 आदेशों का पालन करने का नोटिस ग्रेटर नोएडा। उत्तर प्रदेश भू-संपदा विनियामक प्राधिकरण (यूपी रेरा) ने 13 और बिल्डरों को नोटिस जारी किए हैं। इन सभी से 23 आदेशों का पालन नहीं करने पर जवाब मांगा है। साथ ही 18 नवंबर तक आदेशों का पालन कर रिपोर्ट मांगी है। ऐसा नहीं करने पर प्रोजेक्ट की कुल कीमत का पांच प्रतिशत जुर्माना लगाया जाएगा। इन सभी बिल्डरों के प्रोजेक्टों का रेरा पंजीकरण पूरा हो चुका है। यूपी रेरा ने कुल 397 आदेशों की सूची तैयार की…

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In a first, Haryana RERA asked residents to pool in money to finish project

In first of its kind order the Real Estate Regulatory Authority (RERA) of Haryana’s Panchkula has asked a group of residents to take over a project and complete the remaining construction work. Over 100 residents of Faridabad’s Piyush Heights society have agreed to pool in R 8 lakh each to complete the project and move in to their dream home. were expecting completion by 2011 by could not get it as builder failed to complete the project. RERA suggested us to form a association and we should be ready to…

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Homebuyers submit proposal suggesting ways to improve UP-RERA Act

NOIDA: Homebuyers in Gautam Budh Nagar have submitted an eight-point proposal suggesting ways to improve the UP-Rera Act ahead of the real estate regulatory authority’s first convention, to be held in Lucknow on November 4. “We have submitted eight suggestions for alteration of the Act. First, National Company Law Tribunal (NCLT) should not interfere in the real estate sector. Second, UP-Rera should be involved to complete stalled projects. It should have the expertise of architects, chartered accountants and construction agencies and have the budget for the same. It should get…

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Uttar Pradesh builders to get rating from next year

RERA Cosulting

New Delhi: Real estate builders and projects in Uttar Pradesh will receive a rating from next year, a move seen helping potential investors and homebuyers make informed decisions. A consultant appointed by the Real Estate Regulatory Authority (RERA) of Uttar Pradesh has finalised a rating system which is linked to disclosures required under the RERA Act, Rules and Regulations. The grading, to be done annually, will be based on a developer’s track record and background, financial profile, construction quality, buyer feedback and legal status of the project, according to UP-RERA…

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Centre to soon notify RERA in J&K, Ladakh

New Delhi: The Central government is set to notify implementation of the Real Estate (Regulation and Development) Act in the newly constituted Union territories of Jammu & Kashmir and Ladakh, paving the way for property development in the two regions. “In Jammu & Kashmir, the act will be notified by the state government, while in Ladakh, the Centre will notify it since it is a UT without a legislative assembly,” an official of ministry of housing and urban affairs said. The notification will be applicable from November 1, after the…

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Rera registration seems to be a rarity for city developers

The Dos and Don’ts of NRI Investing In Indian Realty

BENGALURU: About a thousand housing projects in the state, most of them in Bengaluru, are under the scanner of the state’s Real Estate Regulatory Authority (Rera), for failing to register with the regulator and ignoring their notices. As a result, customers of flats at these residential projects will lose their right to approach the Rera if they face a problem with the seller. Rera polices only those projects that are registered with it. The real estate regulator has put out a list of such projects on its website — this…

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