Corporate Law - 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. [...
Read MoreCorporate Law - The Real Estate (Regulation & Development) Act 2016 was enacted fully w.e.f., 1st May 2017 and presently it is effective and has been implemented in most of the States and Union Territories. Jammu & Kashmir is the latest state / UT to notify Rules in August 2020 and announced that it will appoint the RERA […]...
Read MoreCorporate Law - Land is an essential natural resource, both for the survival and prosperity of humanity, and for the maintenance of all terrestrial ecosystems. Over millennia, people have become progressively more expert in exploiting land resources for their own ends. The limits on these resources are finite while human demands on them are not! Over the...
Read MoreCorporate Law - 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 [&h...
Read MoreCorporate Law - Majority of Builders have cheated homebuyers in many ways including not giving possession in time, giving delay possession without any compensation for delay, etc. Nowadays homebuyers are gradually becoming active and filing cases against dishonest Builders. Some homebuyers are approaching Police , some are approaching RERA Court/authorit...
Read MoreCorporate Law - Bollywood actress Sunny Leone has recently purchased a flat in Andheri, Mumbai for Rs 16 crore. Flat is measuring 4,365 Sq. Ft. Stamp Duty of Rs 48 Lakh was paid. The apartment is on 12th Floor in an under-construction project named ‘Atlantis’ being developed by a realtor named Crystal Pride Developers. The flat has three ...
Read MoreCorporate Law - The National Consumer Disputes Redressal Commission (NCDRC) has ordered to refund of the full amount paid by five homebuyers in a residential project in Gurugram and also instructed two Delhi-based builders to pay 9% interest for delay in giving possession of the residential flats. The homebuyers had booked the residential flats in the ...
Read MoreCorporate Law - The Duty Magistrate has been appointed to demolish all the illegal farmhouses on Aravalli forest hills will start soon. On the report of Forest Department, approximately 100 illegal farmhouses were built on the Aravalli forest area in Gurugram district, mostly in Gwalpahari and Garatpur Bas villages and areas of Sohna and Manesar a...
Read MoreCorporate Law - In Past 3 Years, the residential projects have been delayed too much in all cities and specially Gurugram. One Builder of Gurugram is ILD which has recently been directed by the Department of Town & Country Planning (DTCP) to prepare and submit an action plan within a week for their completion. If the ILD fails […]...
Read MoreCorporate Law - The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued 1,985 Recovery Notices to builders in last 2 years. This is to pay Rs 595.25 Crores as compensation to the homebuyers. The Judicial work started on 4th September 2018 after the formation of UP RERA and a total of 28,020 complaints have been registered […]...
Read MoreForum for People’s Collective Efforts (FPCE) Vs State of West Bengal (Supreme Court of India) - The provisions of the West Bengal (Regulation of Promotion of Construction and Transfer by Promoters) Act, 1993 (WB 1993) Act impliedly stood repealed upon the enactment of the RERA in 2016, in accordance with Sections 88 and 89 read with Article 254(1) of the Constitution. As a consequence of the d...
Read MoreIREO Grace Realtech Pvt. Ltd. Vs Abhishek Khanna & Others (Supreme Court of India) - IREO Grace Realtech Pvt. Ltd. Vs Abhishek Khanna & Others (Supreme Court of India) Section 14 of the 1986 Act empowers the Consumer Fora to redress the deficiency of service by issuing directions to the Builder, and compensate the consumer for the loss or injury caused by the opposite party, or ...
Read MoreVrajesh Hirjee Vs Skyline Construction Co. (RNA Exotica) (Maharashtra RERA) - Vrajesh Hirjee Vs Skyline Construction Co. (RNA Exotica) (Maharashtra RERA) The respondents have mentioned various reasons in their reply which caused delay in completing the project. Even if it is taken for granted that they are the genuine reasons which are beyond the control of the respondents, t...
Read MoreRenaissance Infrastructure through its Partners Vs. Shri Parth B. Suchak (Bombay High Court) - The issue under consideration is whether Compensation will be levied on to the builder as per RERA if there is a delay in handing over the possession to the purchaser?...
Read MoreVinod Kumar Agarwal Vs. Jaipur Development Authority (Rajasthan RERA) - Rajasthan RERA Holds RERA Act As Mandatory And Directs For Execution of Agreement For Sale For Property Sold By Auction By State Development Authorities In a landmark decision, the Rajasthan Real Estate Regulatory Authority (‘RERA”) on September 22, 2020 has held that Section 13 of the Real Es...
Read MoreCircular No. 35 - (06/07/2021) - And whereas under sub-rule (1) of Rule 11 of the said Rules, every real estate agent required to be registered as per sub-section (2) of section 9 of the Real Estate (Regulation and Development) Act, 2016...
Read MoreCircular No. 34 - (21/06/2021) - All complaints filed with MahaRERA shall be heard and decided on merits by the respective single benches of MahaRERA or the Adjudicating Officer as the case may be as per the seniority of the complaint which shall be decided as per the date of filing / registration of the complaint...
Read MoreCircular No. 33 - (21/06/2021) - All complaints are to be referred for conciliation only after seeking consent of the parties in a hearing before the respective single bench of the Maharashtra Real Estate Regulatory Authority. MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY Date :-21/06/2021 Circular No. 33 No. MahaRERA/Secy/File No...
Read MoreCircular no. 32/2021 - (07/06/2021) - MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY No. MahaRERA/Admin/tile no.27/ 59 /2021 Date:- 07/06/2021 Circular no: 32/2021 Subject: Standardized Format for Declaration about Commencement Certificate (Format –D) Whereas, section 4(2)(c) & (d) of RERA act and Rules & Regulations made there ...
Read MoreCircular No. 31/2021 - (18/05/2021) - Following procedure is prescribed for hearing to be conducted by the MahaRERA Conciliation and Disputes Resolution Forum in referred conciliation matters (online complaints) transferred by MahaRERA:...
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Circular No. 35 - 06/07/2021
Circular No. 34 - 21/06/2021
Circular No. 33 - 21/06/2021
Circular no. 32/2021 - 07/06/2021
Forum for People’s Collective Efforts (FPCE) Vs State of West Bengal (Supreme Court of India) -