Authorities allege misuse of insolvency proceedings and diversion of funds linked to a financial fraud case. The key takeaway is scrutiny of creditor voting influence and CIRP conduct.
Supreme Court ruled that property registration alone doesn’t grant legal ownership, emphasizing due diligence, full payment, and valid title in transactions.
The Real Estate Regulation & Development Act, 2016 (RERA) was passed in the Parliament in March 2016 & it came into effect from 1st May 2016. In May 2022, RERA completed 6 Years. RERA law, various decisions of Hon. Supreme Court and other judicial forums like NCDRC, NCLT has substantially empowered the India’s Homebuyers. Modi […]
Haryana Real Estate Regulatory Authority (HRERA) have ordered 17 Builders, to refund Rs. 50 Crores to the homebuyers of various construction projects for non-delivering the projects well on time. HRERA has issued multiple orders for 17 Builders directing them to refund the home buyers their hard-earned money along with 9.70% Interest within 90 days. Refund […]
RERA registration of 3 real estate projects have been cancelled by Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). As per the officials’ statements, the promoters of Raksha Vigyan Sanskriti Phase-2, Antriksh Sanskriti Phase-2 and Antriksh Sanskriti Phase-3 have violated provision of the RERA law. These builders have not followed order issued by Authority & project […]
The Builder will have to refund the amount with interest to Homebuyer if possession of the flat is not given on time. Jaypee Builder has been ordered by The National Consumer Disputes Redressal Commission (NCDRC) to refund the money along with interest for non-delivery of the booked flats in the Cove Greater Noida Project located […]
Arrest Warrant by RERA against Ansal directors for not refunding to homebuyer Real Estate Regulatory Authority (RERA) has ordered for the issuance of Arrest Warrant against the directors of Ansal Housing Limited for noncompliance of an earlier order to refund to Homebuyers. RERA has ordered Ansal Housing Director’s to pay Rs. 5 Crores along with […]
♦ Real Estate (Development and Regulation) Act 2016, Rules and Regulations were enacted to resolve the disputes between the Builders & homebuyers. ♦ A Conciliation forum is to facilitate settlement of any disputes between the parties and acts as a mediator between the aggrieved parties. ♦ Aggrieved parties such as home buyers, developers, or real […]
It has been more than five years since the Real Estate (regulation and development) Act 2016 was passed. One more year was given to various state governments to draft rules, set up appellate tribunals, appoint officers and for developing websites and other provisions. Ultimately, the Act was implemented with effect from 1st of May 2017. […]
The Department of Town and Country Planning (DTCP) has launched An online draw system to make the allotment of flats more efficient and to eliminate the chances of any manipulation under the affordable housing scheme of Haryana. Now, Applicants have to apply online for affordable home through DTCP website. The draw will be done online […]
