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 : Discover how RERA (Real Estate Regulation Act) impacts India's economy, boosts transparency, and addresses challenges in the real ...
Corporate Law : MahaRERA denies relief for delayed possession in absence of monetary consideration. Key case: Smt. Durgavati vs. Jangid Homes Pvt....
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 : 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...
Corporate Law : Stay informed on the latest MahaRERA Order 41B/2023 granting a final extension for obtaining Real Estate Agent Certificates. Know ...
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.
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 out construction.
(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.
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 requested to MahaRERA for revision/ correction.
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
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 tendencies of […]
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 promoter’ is not defined in the Act,Rules or Regulations, it […]
RERA Act came into force with effect from May 1, 2017. Under the RERA Act, the Karnataka Real Estate Regulation and Development Rules, 2017 was approved by Government of Karnataka and notified on July 10, 2017. Its objective is to reform the real estate sector in India, encouraging greater transparency, citizen centricity, accountability and financial discipline. This is in line with the vast and growing economy of India as in future many people will be investing in real estate sector.
Last one year has been a major milestone for real estate sector with the indulgence of Insolvecy & Bakruptcy Act,2016, Real Estate (Regulation & Development) Act, 2016 and Goods and Service tax. Understanding the same is a much needed task. In this article basic provisions of RERA has been explained as an elementary guide.
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.
