Corporate Law : MahaRERA issued thousands of show-cause notices for failure to update Quarterly Progress Reports and comply with RERA requirements...
Corporate Law : The Court held that investors seeking assured returns and buy-back benefits cannot masquerade as homebuyers to initiate insolvency...
Corporate Law : The Court examined whether Karnataka RERA could impose delay filing fees through an administrative circular. It ruled that such fi...
Corporate Law : The Tribunal held that landowners participating in development, revenue sharing, and allotment processes are co-promoters under RE...
Corporate Law : Karnataka RERA directed a promoter to provide project insurance records and proof of transfer of insurance benefits to the Associa...
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 : Jacob P P Vs Alka Ventures Pvt Ltd (NCLT Kochi) Homebuyers in the SKYWINGS Township Project filed a petition under Section 7 of th...
Corporate Law : NCLAT Delhi held that order directing vacation of premise granted under leave and licence agreements granted by Corporate Debtor d...
Corporate Law : The Bombay High Court directs MahaRERA to restore hybrid hearings and create transparent processes, citing a Supreme Court precede...
Corporate Law : Madras High Court rules real estate developers must secure 2/3rd buyer consent for major plan alterations, quashing unilateral app...
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 : Rajasthan RERA extends QPR penalty implementation to May 1, 2025. Order details & compliance info for promoters. No further extens...
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...
The real estate sector plays an important role in fulfilling the need and demand for housing and infrastructure in the country. Real estate Industry contributes the 2nd highest GDP to the country next to agriculture. It employs a large number of skilled, unskilled resources. While this sector has grown significantly in recent decades, it has […]
Advocates and solicitors are often called upon to issue title certificates. This maybe a requirement under law, as in the case of the Maharashtra Ownership of Flats Act, 1963 (MOFA) and the Real Estate (Regulation and Development) Act, 2016 (RERA) or under contract, as in the case of loan transactions, mortgages, etc.
Whereas, Section 4 of the Act states that promoter shall get his accounts audited within six months after the end of every financial year by a chartered accountant in practice, and shall produce a statement of accounts duly certified and signed by such chartered accountant.
Here are the following important points to be remember under RERA, 2016 GENERAL PROVISIONS 1. No promoter shall start dealings related to the real estate project without registering the project with RERA. 2. Exemption from registration if: i. Area of land to be developed is less than or equal to 500 sq. mtr. OR Apartments […]
MahaRERA has so far registered 30668 projects, out of which 7214 projects are completed. It is seen that 3371 projects have expired and Promoters have not applied for extension of the project date nor uploaded the Form 4.
In Continuation of article RERA Registration for Broker in Haryana RERA Registration or Property Dealer Registration Here I am again writing an article on Agent Registration under RERA and now adding the details about registration of Property Dealer under Haryana Regulation of Property Dealers and Consultants Act, 2008 (Haryana Act ,38 of 2008). Let us understand the difference between the RERA […]
INTRODUCTION: The object of enactment of every legislation is concentrated at “JUSTICE” and the same can be achieved by providing a set of remedies that may be effectuated the person aggrieved under it. The Real Estate (Regulation and Development) Act, 2016 (hereinafter referred to as “Act”) in commencment since 1st May 2017, is one such […]
Real estate has always been an attractive place for all stakeholders whether in terms of investment, profession, or end-users. The country underwent a massive revolutionary change in 2016 with the enactment of RERA. It stands for the Real Estate (Regulation and Development) Act, 2016 that is in commencement since 1st May 2017, it is among […]
Chartered accountant is also required to give promoter certificate (Form 3 reg. 3 of MahaRERA General Regulations, 2017) which he will needing to fufill the registration requirements. The said certificate is also necessary for seeking withdrawals from separate account maintained by builder in scheduled bank containing 70% amount realised from allottees towards real estate project.
It is a general rule to be cautious while investing in real estate since there are many emotional decisions involved it is necessary to take every step wisely. Whether a person is buying an apartment or consenting to the redevelopment of society, the most stressful task is finding a reliable builder.
