Page 4 - Rera Act News Today

That’s possible, provided the projects advertised are completed and have received an occupation certificate from the authorities.

The Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted by the Parliament aims to protect the rights and interests of consumers by minimising the malpractices done by the developers and promoting uniformity business practices and transactions done by developers and promoting uniformity in business practices and transactions in the real estate sector. -- aaa

Both the ruling Bharatiya Janata Party and the opposition Congress have promised to amend the contentious Karnataka Apartment Ownership Act and address homebuyers’ problems.

A committee may suggest that RERA be strengthened to improve the execution of recovery warrants issued against defaulting real estate developers.

Two months after the first notice, only 20 percent of developers have complied, MahaRERA to issue a second reminder to non-compliant projects.

An application regarding extension of registration of the Shree Vardhman Victoria group housing project in Sector 70 in Gurugram, which is being developed by Shree Vardhman Infraheights, was submitted in October 2021 under Section 6 of RERA.

A brief recap of some of the Parliamentary Questions answered on March 23 during the ongoing Budget Session of Parliament 2023.

Noida: With Covid cases rising, the UP-Rera will now defer some of its initiatives, including their plan to get involved in the formation of the apartment owners’ association (AOA) of individual apartments where residents have moved in. The UP-Rera had earlier announced that they would get involved in the process of creation of AOA to dilute conflict between builders and buyers as in many cases buyers complain about the builder’s resistance in handing over maintenance control. Balvinder Ku...

Synopsis The UP State Legal Service Authority had sent a proposal to organise a National Lok Adalat on April 10, July10, September 11 and December 11. ThinkStock Photos The Uttar Pradesh Real Estate Regulatory Authority (RERA) has decided to postpone the National Lok Adalat keeping in view the increasing cases of Covid-19. The National Lok Adalat was proposed at Lucknow and Greater Noida on April 10, to resolve disputes of homebuyers. “Uttar Pradesh State Legal Services Authority has inform...

The buyers had paid under Rs 20 lakh each so far. MUMBAI: Is the development manager who signs an agreement with a builder for exclusive rights to sell flats liable to pay compensation to the buyer in case of delay or does liability rest only with the builder? A RERA order on March 5 said both were liable in a Mulund project, reports Swati Deshpande. MahaRERA directed the development manager, a subsidiary of Shapoorji Pallonji Group, and Nirmal Developers, to refund the money paid by four fla...