Finance : The guide explains how property taxes, rental income, and capital gains apply at different stages of ownership. It highlights key ...
Corporate Law : Joint Venture Disputes Between Landowner and Developer Fall Outside the Ambit of RERA: MPREAT in Bhopal Development Authority vs. ...
Corporate Law : The High Court held that RERA execution powers cannot extend to unilateral cancellation of registered sale agreements. The key tak...
Corporate Law : The Act was introduced to tackle project delays, lack of transparency, and misuse of funds, granting homebuyers strong statutory r...
Corporate Law : A summary of the legal boundaries for monetizing car parking in AP residential projects. Open, stilt, and basement parking are com...
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...
Nipun Praveen Singhvi Vs State of Gujarat (Gujarat High Court at Ahmedabad) Petitioner wants by means of this Public Interest Litigation that the Gujarat Real Estate Appellate Tribunal under the the Real Estate (Regulation and Development) Act, 2016 be constituted and made functional by appointment of Chairperson, Technical and Administrative Members and also be provided […]
Wider scope of litigation under sec 23(5) on real estate developers due to increase in years to sell (YTS) because of COVID-19 Pandemic It has been provided u/s 23(5) of the Income Tax Act,1961 that where the house property consisting of any building and land appurtenant thereto is held as stock-in-trade and the property or […]
FINANCIAL BEARING ON THE PROMOTER – SEPARATE BANK ACCOUNT – RERA The Real Estate (Regulation and Development) Act, 2016 (the Act) came into absolute implementation on 1st May 2017. This act provides for the promotion and development of the real estate sector which is pertinent as it plays a vital role in fulfilling the needs […]
The Real Estate Regulation & Development (RERA) Act, 2016 is an Act to protect home-buyers as well as help to enhance investments in the real estate industry. RERA Act 2016 came into force from 1 May 2016.
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)
The Rajasthan High Court issued notice to Rajasthan RERA in a PIL, Civil Writ No. 6160/2020, challenging the order issued by the Authority on 13.05.2020. The Authority granted an across-the-board extension of 12 months to the real estate projects. However, it also implicitly granted extension for projects whose completion date had already expired before 19.3.2020. […]
Real estate sector, once known for its gargantuan returns, has seen a slump in the past few years. A major reason for the same has been the enhanced scrutiny of the hitherto unregulated industry. The ongoing COVID-19 pandemic has brought the real estate sector to a standstill. Extrapolation of short-term losses in the sector are undeniable and the trajectory of recuperation is still uncertain.
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 17 that becomes due during the Force Majeure period is allowed to be completed in a period extending till the expiry of the force majeure period.
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
Numerous real estate companies as a result of this inclusion were faced with spiralling litigations against their company by all categories of home buyers and even the Adjudicating Authorities started clubbing the challenges against each of the builder corporate debtors; to take a holistic view of the exposure to the said corporate debtors.
