RERA

RERA Non-Compliancy Not a Trifling Matter

Corporate Law - Much has been said about the all-encompassing Real Estate Regulatory Act (RERA) which is bringing about a decisive change for the long-term success of sellers and buyers alike. The Act is indeed touted to be the Government’s trump card to oust corruption and malpractices from the real estate sector. However, though it was a move worth a...

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The growth of Indian real estate industry and its forward outlook

Corporate Law - The real estate market in India is projected to cross USD 180 billion by the year 2020 from USD 126 billion in the year 2015. The rise of nuclear families, quick urbanization, increasing household income and the emergence of prime real estate developers such as the Lodha Group and the likes, are the drivers for […]...

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133 FAQs on RERA Act as applicable in Maharashtra (MahaRERA)

Corporate Law - What are the objects and reasons for which the Real Estate (Regulation and Development) Act 2016 has been framed? Ans: The Real Estate Act is intended to achieve the following objectives:...

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RERA Registration requirement & Registration Process

Corporate Law - Registration requirement of any Project under RERA - How the limit of more than 500 Sq. mtrs. or more than 8 apartments is to be seen? and what are the steps to be followed for registration of any project under RERA...

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What makes frivolous youngsters turn into responsible home buyers?

Corporate Law - Why Pay Rent, When You Can Invest Decoding and coding the investment world isn’t some scientific skill. But it’s tied in with having significant regard for human behaviour. In my career spanning two decades, I have found, the rare genius all great investors share is a great understanding of the instincts, emotions, and tendenc...

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RERA – REITs, GST, rationalising of stamp duty to spur the housing sector

Corporate Law - In order to promote affordable housing, the government has made several efforts to create enabling environment and eco-system.Towards such an end, the Government has granted infrastructure status to affordable housing which will enable these projects to avail the associated benefits such as lower borrowing rates...

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PwCs report on Transactions in Real Estate Sector

Corporate Law - PwC’s comprehensive report on ‘Transactions in the real estate sector’ covers the various tax and regulatory aspects that need to be considered while entering into transactions in the real estate sector....

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Selling of open car parking space not allowed: Maha-RERA

Sanjeev Dhakar Vs. M/s. Arkade Realty (Maharera Mumbai) - The complainant, who is a resident in a completed building in the above registered project, has filed this complaint seeking directions of MahaRERA to the respondent to allow him to park his vehicle inside the compound wall of the building. The Complainant has further alleged that the Respondent is ...

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Bombay HC Upholds constitutional validity of Penal provisions under RERA

Neelkamal Realtors Suburban Pvt. Ltd. and anr. Vs. Union of India and ors. (Bombay High Court) - Provisions of RERA are prospective in nature. The penalty under Sections 18, 38, 59, 60, 61, 63 and 64 is to be levied on account of contravention of provisions of RERA, prospectively and not retrospectively. These provisions, therefore, cannot be said to be violative of Articles 14, 19(1)(g), 20(1)...

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HC allows withdrawal of Maha-RERA Office Order defining ‘Co-Promoter’

Ismail Ibrahim Patel and ors. Vs. State of Maharashtra and ors. (Bombay High Court) - The petitioner had questioned and challenged the validity of office order dated 11th May, 2017 passed by the Secretary, Maharashtra Real Estate Regulatory Authority (hereinafter referred to as Maha­ RERA for short). In the impugned order the Maha­ RERA observed that since the term ‘Co­ prom...

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Customs is the King: Maharera, Mumbai’s Landmark Judgement (on Refund of Amount with in Interest for Delayed Possession)

Avinash Saraf, Neha Duggar Saraf Vs Runwal Homes Pvt. Ltd. (Maharashtra Real Estate Regulatory Authority, Mumbai) - In, Avinash Saraf versus Runwal Homes Private Limited case, the landmark judgement given by MAHARERA, Mumbai, having complaint number 32, Dated 13th October 2017. Final judgement is given by Honorable Shri B. D.KAPADNIS....

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MahaRERA Conciliation & Dispute Resolution Forum

No. MahaRERA/Secy/File No. 27/ 95 /2018 - (29/01/2018) - Whereas the Chairperson, MahaRERA is vested with the powers of general superintendence and directions in the conduct of affairs of the authority under section 25 of the Real Estate (Regulation and Development) Act, 2016 (RERA)....

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MahaRERA: Co- Promoter is known as Promoter (Land owner/ Investor)

MahaRERA Circular No: 13/2017 - (04/12/2017) - Whereas, for the case of filing online registration application and for the benefit of consumer it was necessary to distinguish and/or identity whether such Promoter is the land owner, investor OR is the one who has actually obtained/ obtaining the building permissions for carrying out the construct...

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MahaRera: Land Owners/ Investors having Area/ Revenue Share in Real Estate Project to be treated as Promoter (landowner/ investor)

MahaRERA Circular No: 12/2017 - (04/12/2017) - (1) Such individuals/ organizations who fall within the aforesaid definition of the term 'Promoter' on account of being landowners or investors, shall be specified as such, at the time of online registration with MahaRERA....

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MahaRERA: Amends SOP to Update, Revise & Correct Information related to Registered Project & Agents

Circular No.:- 14/2017 - (01/11/2017) - The above referred circular details the process for updating project details and revising/ correcting information with respect to registered projects & Agents. The circular also provides details of fields, in Annexure A and B, which are editable by the promoters themselves and those that can be requ...

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PMLA 2002: Real estate agents shall be deemed to be a person carrying on designated business or profession

Notification No. 8/2017 - (15/11/2017) - In exercise of the powers conferred by sub-clause (iii) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby notifies that real estate agents as defined...

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Recent Posts in "RERA"

Selling of open car parking space not allowed: Maha-RERA

Sanjeev Dhakar Vs. M/s. Arkade Realty (Maharera Mumbai)

The complainant, who is a resident in a completed building in the above registered project, has filed this complaint seeking directions of MahaRERA to the respondent to allow him to park his vehicle inside the compound wall of the building. The Complainant has further alleged that the Respondent is selling open car parking by collecting i...

Read More
Posted Under: Corporate Law | |

RERA Non-Compliancy Not a Trifling Matter

Much has been said about the all-encompassing Real Estate Regulatory Act (RERA) which is bringing about a decisive change for the long-term success of sellers and buyers alike. The Act is indeed touted to be the Government’s trump card to oust corruption and malpractices from the real estate sector. However, though it was a move worth a...

Read More
Posted Under: Corporate Law |

RERA – REITs, GST, rationalising of stamp duty to spur the housing sector

In order to promote affordable housing, the government has made several efforts to create enabling environment and eco-system.Towards such an end, the Government has granted infrastructure status to affordable housing which will enable these projects to avail the associated benefits such as lower borrowing rates...

Read More
Posted Under: Corporate Law |

MahaRERA Conciliation & Dispute Resolution Forum

No. MahaRERA/Secy/File No. 27/ 95 /2018 (29/01/2018)

Whereas the Chairperson, MahaRERA is vested with the powers of general superintendence and directions in the conduct of affairs of the authority under section 25 of the Real Estate (Regulation and Development) Act, 2016 (RERA)....

Read More

The growth of Indian real estate industry and its forward outlook

The real estate market in India is projected to cross USD 180 billion by the year 2020 from USD 126 billion in the year 2015. The rise of nuclear families, quick urbanization, increasing household income and the emergence of prime real estate developers such as the Lodha Group and the likes, are the drivers for […]...

Read More
Posted Under: Corporate Law |

133 FAQs on RERA Act as applicable in Maharashtra (MahaRERA)

What are the objects and reasons for which the Real Estate (Regulation and Development) Act 2016 has been framed? Ans: The Real Estate Act is intended to achieve the following objectives:...

Read More
Posted Under: Corporate Law |

Bombay HC Upholds constitutional validity of Penal provisions under RERA

Neelkamal Realtors Suburban Pvt. Ltd. and anr. Vs. Union of India and ors. (Bombay High Court)

Provisions of RERA are prospective in nature. The penalty under Sections 18, 38, 59, 60, 61, 63 and 64 is to be levied on account of contravention of provisions of RERA, prospectively and not retrospectively. These provisions, therefore, cannot be said to be violative of Articles 14, 19(1)(g), 20(1) and 300-A of the Constitution of India....

Read More

RERA Registration requirement & Registration Process

Registration requirement of any Project under RERA - How the limit of more than 500 Sq. mtrs. or more than 8 apartments is to be seen? and what are the steps to be followed for registration of any project under RERA...

Read More
Posted Under: Corporate Law |

MahaRERA: Co- Promoter is known as Promoter (Land owner/ Investor)

MahaRERA Circular No: 13/2017 (04/12/2017)

Whereas, for the case of filing online registration application and for the benefit of consumer it was necessary to distinguish and/or identity whether such Promoter is the land owner, investor OR is the one who has actually obtained/ obtaining the building permissions for carrying out the construction and has been/ is in fact carrying ou...

Read More

MahaRera: Land Owners/ Investors having Area/ Revenue Share in Real Estate Project to be treated as Promoter (landowner/ investor)

MahaRERA Circular No: 12/2017 (04/12/2017)

(1) Such individuals/ organizations who fall within the aforesaid definition of the term 'Promoter' on account of being landowners or investors, shall be specified as such, at the time of online registration with MahaRERA....

Read More
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