Learn about the Karnataka Real Estate Regulatory Authority (KRERA) Order to cancel sale agreements for allottees who don’t pay on time. Understand the impact of the order on allottees and the vital role it plays towards payment adherence.
As a matter of practice, the Research Analysts, by virtue of this circular are now required to facilitate investor awareness about the various activities which an Analyst deals with while availing the services provided by RAs. It is an Investor Charter for Research Analysts.
Provident Housing Limited Vs Karnataka Real Estate Regulatory Authority (Karnataka High Court) Brief Facts of the Case: The petitioner is engaged in the business of real estate development. On receiving respondent’s request to allot an apartment in the project, the petitioner entered into an agreement for sale and Construction with Respondent on 10/09/14. The proposed […]
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PNBHFL argues that clause (k) of the agreement states that the borrower cannot cancel the agreement without obtaining No Objection Certificate from the PNBHFL.
From the very definition of the term common areas, it can be made out that the entire project land is deemed to be the common areas along with all the common amenities and facilities in the project except covered car parking areas, garages which have been excluded from the purview of the definition of the common areas while open car parking areas have been included.
Due diligence is ‘an investigation, audit or review that is performed to confirm facts or details of a matter under consideration.’ It’s a process that requires a potential buyer or an investor to know the details that would be necessary to finalize a transaction or an investment. It involves verifications and precautions that need to be taken to prevent probable risks.
The Arbitration & Conciliation Act, 1996 is in addition to other remedies available and not in derogation to The Real Estate (Regulation and Development) Act, 2016.
Explore the causes of litigation under the Real Estate (Regulation & Development) Act, 2016 (RERA). Understand issues like delay in possession, non-disclosure of carpet area, and diversion of funds. Learn about legal remedies, due dates for filing complaints, and relevant case laws. Stay informed to protect your rights in the real estate market.
A common question that arises in the real estate sector is whether the RERA judgments are applicable to transactions concluded before the date of judgement.
