RERA

Gold smiths & Real estate agents on Radar of Enforcement directorate

Corporate Law - Gold consumption in India The World Gold Council (WGC), which tracks wholesale gold trade, had a forecast of gold consumption in India in 2020 to the extent of 700 tonnes-800 tonnes, compared to 690 tonnes imported in 2019. According to the Ministry of Commerce, imports in 2019-20 stood at $ 28 billion, 14% less than […]...

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Legal Options to home buyers outside the ambit of RERA

Corporate Law - Article on Legal Option to the home buyers outside the ambit of Real Estate Regulatory Authority (RERA) updated on 14.12.2020 after considering the Revised Pecuniary Jurisdiction of the Commission of THE CONSUMER PROTECTION ACT, 2019, ACT NO. 35 OF 2019, dated. [9th August, 2019.]. I have modified this article after considering the Pecuni...

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Important FAQ’s on Real Estate Regulatory Authority (RERA) Act, 2016

Corporate Law - Today I’m going to discuss about Important FAQ’s on Real Estate Regulatory Authority (RERA) Act, 2016. After posting my article titled ‘Basics of the Real Estate Regulatory Authority (RERA) Act, 2016‘, I have received many suggestions and mails to provide more FAQ’s in details on RERA. Following important FAQ’s on RERA...

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Basics of Real Estate Regulatory Authority (RERA), Act, 2016

Corporate Law - Today I’m going to discuss about the  ‘Real Estate Regulatory Authority (RERA) Act, 2016’. The Real Estate industry plays a key role in fulfilling the requirements of the Country’s housing and infrastructures. So, there is a necessity to know the basics of the REAL ESTATE REGULATORY AUTHORITY (RERA) Act as a Tax Professio...

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RERA Compliances in Uttar Pradesh and Haryana

Corporate Law - Uttar Pradesh RERA (UPRERA) And Haryana RERA (HARERA) Compliances UPRERA COMPLIANCES 1 QPR updation u/s 11(1) Comment Due Date of Compliance Penalty Quarterly up-to-date the list of number and types of apartments or plots, asthe case may be, booked; (c) quarterly up-to-date the list of number of garages booked; (d) quarterly up-to-date th...

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Demolition of Illegal Farmhouses In Aravalli Area In Gurugram

Corporate 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...

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DTCP directs ILD Builder to Submit plan to Wrap up delayed projects

Corporate 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 […]...

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UP RERA issued 5036 Refund & 7242 Possession Orders in last 2 years

Corporate 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 […]...

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UP-RERA issuing Strict Guidelines to help Homebuyers take action against Defaulting Builders

Corporate Law - The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) is coming out with a set of Standard Operating Procedures (SOPs) for home buyers. These SOP are a set of guidelines to be followed by homebuyers if they find out any builder is not honouring the orders of the Authority . Soon the SOP List will be uploaded […]...

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Effective Implementation of RERA can Restore Trust Between Buyer & Seller

Corporate Law - Primary Aim is to Address Concerns of Homebuyers to Ensure Completion of Projects: Durga Shanker Mishra More Than 52,000 Real Estate Projects &40,517 Real Estate Agents Registered Under RERA RERA Day Organized...

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One sided terms & conditions in agreement for sale of flat amounts to unfair trade practice

IREO 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 ...

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MahaRera orders Builder to refund money for late possession

Vrajesh 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...

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Compensation on Builder as per RERA if is Delay in Handing Over Possession

Renaissance 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?...

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Rajasthan RERA directs JDA to execute agreement as per RERA laws- RERA overrides State laws

Vinod 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...

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SC Overrides Agreement while Compensating Flat Buyer for delayed possession

Wg. Cdr. Arifur Rahman Khan & Aleya Sultana & Ors vs. DLF Southern Homes Pvt. Ltd. (Supreme Court), Civil appeal no.6239/2019 - Delays and defaults are common in real estate development. The Flat buyers are usually left in the lurch where the Developer delays the delivery of the constructed units incessantly. This prompted the government to enact Real Estate (Regulation and Development) Act, 2016....

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MAHARERA: SOP for online hearings through video conferencing

Circular No : 27/2020 - (12/06/2020) - MahaRERA has, through the various orders referenced above, leveraged its digital platform to ensure non-stop online delivery of all its services (even during entire lockdown phase) ...

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Maharera: Deemed extension of dates of possession by Force Majeure period

MahaRERA Order No :- 14/2020 - (18/05/2020) - The dates of possession mentioned in already registered agreements for sale, shall be deemed to be extended by the Force Majeure period. Due to non-functioning of the concerned offices, the work of transfer of title and conveyance has been adversely affected. Therefore, any compliance under Section...

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MAHARERA: Revision of Project Registration Validity and Extended Timeline for Statutory Compliances

Order No.:- 13/2020 - (02/04/2020) - For all MahaRERA Registered projects where completion date, revised completion date or extended completion date expires on or after 15th March 2020, the period of validity for registration of such projects shall be extended by three months. MahaRERA shall accordingly issue project registration certi...

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MahaRERA- Rescheduling of hearing due to Coronavirus epidemic

No. MahaRERA/ Adm. /232/2020 - (16/03/2020) - The Hearing of all cases before MahaRERA & Adjudicating Officers shall be adjourned till 31st March, 2020. The cases which are scheduled from 16th March 2020 till 31st March 2020 are being rescheduled due to pandemic of Coronavirus except the very urgent matters....

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AP RERA- Skill, Safety, Third Party Certification on all Projects

Circular No. A/1104/2019 - (20/02/2020) - Circular No.: A/1104/2019, Dt:20-01-2020. General Direction to the Promoters as per the Section 37 of the RERA Act Andhra Pradesh Real Estate Regulatory Authority Circular No. A/1104/2019, Dt 20.01.2020. The Parliament has enacted ‘The Real Estate (Regulation and Development) Act 2016‘, ...

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Recent Posts in "RERA"

Demolition of Illegal Farmhouses In Aravalli Area In Gurugram

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 More
Posted Under: Finance |

Gold smiths & Real estate agents on Radar of Enforcement directorate

Gold consumption in India The World Gold Council (WGC), which tracks wholesale gold trade, had a forecast of gold consumption in India in 2020 to the extent of 700 tonnes-800 tonnes, compared to 690 tonnes imported in 2019. According to the Ministry of Commerce, imports in 2019-20 stood at $ 28 billion, 14% less than […]...

Read More
Posted Under: Finance |

One sided terms & conditions in agreement for sale of flat amounts to unfair trade practice

IREO 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 discontinue the unfair or […]...

Read More

Legal Options to home buyers outside the ambit of RERA

Article on Legal Option to the home buyers outside the ambit of Real Estate Regulatory Authority (RERA) updated on 14.12.2020 after considering the Revised Pecuniary Jurisdiction of the Commission of THE CONSUMER PROTECTION ACT, 2019, ACT NO. 35 OF 2019, dated. [9th August, 2019.]. I have modified this article after considering the Pecuni...

Read More
Posted Under: Finance |

Important FAQ’s on Real Estate Regulatory Authority (RERA) Act, 2016

Today I’m going to discuss about Important FAQ’s on Real Estate Regulatory Authority (RERA) Act, 2016. After posting my article titled ‘Basics of the Real Estate Regulatory Authority (RERA) Act, 2016‘, I have received many suggestions and mails to provide more FAQ’s in details on RERA. Following important FAQ’s on RERA...

Read More
Posted Under: Finance |

Basics of Real Estate Regulatory Authority (RERA), Act, 2016

Today I’m going to discuss about the  ‘Real Estate Regulatory Authority (RERA) Act, 2016’. The Real Estate industry plays a key role in fulfilling the requirements of the Country’s housing and infrastructures. So, there is a necessity to know the basics of the REAL ESTATE REGULATORY AUTHORITY (RERA) Act as a Tax Professio...

Read More
Posted Under: Finance |

RERA Compliances in Uttar Pradesh and Haryana

Uttar Pradesh RERA (UPRERA) And Haryana RERA (HARERA) Compliances UPRERA COMPLIANCES 1 QPR updation u/s 11(1) Comment Due Date of Compliance Penalty Quarterly up-to-date the list of number and types of apartments or plots, asthe case may be, booked; (c) quarterly up-to-date the list of number of garages booked; (d) quarterly up-to-date th...

Read More
Posted Under: Finance |

Homebuyers can now approach both Consumer Court & RERA for delay in Real estate Projects

The Supreme Court of India has recently held that the homebuyers who after buying houses have not got possession of their flats within the fixed contract time period, will now are free to approach the consumer forum for compensation from the builder for delaying in the handing over possession of their houses, in spite of the enactment [...

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Posted Under: Finance |

Spaze Developers to Pay Rs. 2 Crore to Buyers for delay in Possession

Haryana RERA ordered Spaze Developers To Pay Rs. 2 Crore To Buyers For Delay in Possession The Haryana RERA (HRERA) has ordered a Gurgaon based developer i.e. Spaze developers to pay delay possession charges (DPC) of Rs 2 crore to homebuyers for failing to deliver flats in time. HRERA Chairman, directed Spaze Developers to pay the compe...

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Posted Under: Finance |

MahaRera orders Builder to refund money for late possession

Vrajesh 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, the respondents cannot claim the extensio...

Read More
Posted Under: Finance |

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