Rera Act News Today

Real Estate: Buying a flat and paid a booking amount? You may not get the entire booking amount back if you cancel the flat booking. There are some states like Maharashtra, Delhi, etc who specify up to how much amount of the booking amount can be forfeited. Know here the full list of states.

Noida, Apr 23 In a first such case, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Tuesday imposed a penalty on a buyer for

Two weeks back, regulator had revoked all the five affordable housing projects of the developer as it failed to comply with the provisions of Rera Act and complete the projects.

According to the RERA Act, MahaRERA is required to facilitate amicable conciliation of disputes between developers and homebuyers through dispute settlement forums set up by the consumer or promoter associations.

GujRERA has set up a three-member committee to offer cost-free mediation between customers and builders. This move will help customers save on litigation costs. Find out more about the mediation panel and its benefits.

To check misuse of funds collected from homebuyers, Haryana Real Estate Regulatory Authority (H-Rera) has warned banks of legal action on allowing withdrawal of funds by developers from the regulator’s accounts in violation of norms.

The collaboration, a first by any real estate regulator in the country, is aimed at protecting homebuyers who may decide to buy or invest in properties that are yet to be or not allowed to be sold for any specific reason.

The ongoing debate between developers and allottees of affordable housing projects over maintenance and upkeep of common areas, lifts, and sewage treatment plants has come to an end with the town and country planning department (DTCP) issuing a clarification in the matter. Learn about the services provided by the developer, expenses borne by the developer, and charges levied on allottees.

The Haryana Real Estate Regulatory Authority (HRERA) has directed a Gurugram-based builder to refund the paid up amount to a homebuyer who defaulted in making timely payments, after forfeiting the...

The Real Estate Regulatory Authority (Rera) in Uttar Pradesh has reminded developers and buyers about the payment module for projects. According to UP-Rera Act, developers are not allowed to take more than 10% advance payment before the sale agreement is executed. The sale agreement should include project details, payment dates, and possession information. Additionally, developers have been directed to sell units based on carpet area only, not super area.