Corporate Law : Understand the critical role of Chartered Accountants in RERA audits, ensuring project compliance, financial transparency, and adh...
CA, CS, CMA : Learn the procedure for promoters to withdraw funds in a 70-30 ratio from customer payments under the RERA Act 2016. Essential gui...
Corporate Law : Understand the mandatory compliance for quarterly updates under RERA. Learn about the requirements, deadlines, and professional gu...
Corporate Law : Discover why complying with RERA regulations post-registration is crucial for real estate projects. Learn about mandatory steps, p...
Corporate Law : Discover how Insolvency and Bankruptcy Code (IBC) protects homebuyers and other consumers, with a detailed analysis of financial a...
Corporate Law : Explore discussion paper on real estate insolvency reforms, including RERA registration, separate bank accounts, and asset exclusi...
Corporate Law : Learn how to register as a real estate agent with HRERA Panchkula. Follow these step-by-step instructions for online registration,...
Corporate Law : Real estate agents are essential element of real estate sector, who connect allottees and promoters and facilitate most of the rea...
Corporate Law : The Real Estate Regulation & Development Act, 2016 (RERA) was passed in the Parliament in March 2016 & it came into effect...
Corporate Law : Haryana Real Estate Regulatory Authority (HRERA) have ordered 17 Builders, to refund Rs. 50 Crores to the homebuyers of various co...
Corporate Law : Dive into the NCLAT judgment on the implications for homebuyers under RERA, analyzing Section 7(1) of the IBC and the distinction ...
Corporate Law : Kerala High Court held that all the projects which received occupancy certificate after 01.05.2017 are covered within the purview ...
Corporate Law : NCLT Hyderabad rules Corpus Fund for homebuyers' maintenance is not a financial debt under IBC. Analysis of Vasathi Anandi Owners ...
Goods and Services Tax : Read detailed analysis of Competition Commission of India's order on Sh. Kuldeep Raosaheb Patil Vs Nayan Developers regarding alle...
Goods and Services Tax : Competition Commission of India (CCI) directs DGAP to re-examine projects 'Omkar 1973 Worli' and 'The Summit Business Bay.' Detail...
Corporate Law : MahaRERA announces temporary unavailability of the complaint module from 20-31 Aug 2024. New system MahaCRITI to launch post 31 Au...
Corporate Law : Explore MahaRERA's proactive approach to quality assurance in real estate, focusing on prevention and rigorous standards. Submit y...
Corporate Law : Delve into MahaRERAs discussion paper regarding the operation of bank accounts for registered real estate projects. Learn about pr...
Corporate Law : Discover MahaRERA's initiative to regulate Retirement Homes in Maharashtra, ensuring adherence to physical standards for senior ci...
Corporate Law : Explore MahaRERAs Order No. 50/2024, prohibiting double registration in real estate projects. Understand the implications and subm...
Section 3 of the RERA, a builder who does not register will be unable to sell the apartment, plot, or building. The following real estate projects are exempt from registration under Section 3 of the RERA if the land size does not exceed 500 square meters or the number of apartments does not exceed 8.
The RERA Act, 2016 is a comparatively recent legislation. The provisions established have been done so with due diligence to all possible legal scenarios and a wide pallet of recourses have also been mentioned. That being said, disputes still arise due to the advancement in transaction methods, technology, market factors and so on.
In case the promoter fails to register the said project or there is a breach committed by him/her, there will be a penalty imposed on him up to the extent of 10% of the estimated cost of the project.
The BDA now has jurisdiction over 544 localities. A real estate project under the jurisdiction of the BDA is regarded as illegal or unauthorised if it lacks BDA approval.
Stay informed about the latest developments in real estate regulations in Maharashtra. MahaRERA approves the Model Allotment Letter in compliance with Section 4(2)(g) of RERA. Explore the key highlights, including the format, cancellation terms, and customization options for promoters. Ensure compliance with the Model Allotment Letter to avoid rejection of registration applications. Stay updated with the legal aspects of real estate in Maharashtra.
Explore the binding effect of resolutions passed by Apartment Owners Associations in Karnataka under the Apartment Ownership Act, 1972. Understand the governing statutes, the nature of decisions, and adherence to Act, Declaration, and Bye-Laws. Get clarity on the enforceability of resolutions and the importance of compliance with voting percentages and Bye-Laws for legal validity. Stay informed on the legal aspects surrounding apartment ownership.
An Occupancy Certificate is a document that declares a commercial or residential building ready for occupation. It is issued by the local authority to the developer within 30 days of application, certifying that the building has been constructed according to the approved plans and is in compliance with the local state laws.
Section 6 of RERA allows for extension of registration of a real estate project originally granted under Section 3 by way of an application by Promoter made on the grounds of force majeure provided that there is no default by promoter.
There arose a confusion with regard to the applicability of the provisions of RERA and their overriding effect in case of conflicting provisions with pre-existing legislations.
One of RERA’s most important features is that the Promoters are required to register the project with the particular state’s real estate regulatory authority before advertising, marketing, selling, booking or offering the real estate project for sale.
