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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.