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1. Introduction The Real Estate (Regulation and Development) Act, 2016 (‘RERA’) has been enacted to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment, building, or sale of real estate project, in an efficient and transparent manner and to protect the interest […]
Since the complainant is also a party to the said proceeding , he can not separately agitate this complaint before the MahaRERA, as it will amount to agitate multiple proceedings on the same issue, which is not permissible in RERA Act, 2016. In the present case since the MahaRERA has already given judgment in the proceeding filed by the complainant through the Rising City Ghatkopar Association, the same issue can not be agitated before the MahaRERA again.
When a complaint is being heard by MahaRERA or an Adjudicating Officer of MahaRERA and the said authority is satisfied that there is a possibility of settlement by way of conciliation, then with the consent of both the parties involved, it may refer the complaint to a designated bench of the Maharashtra Conciliation and Dispute Resolution Forum.
SOP for handling complaints against registered projects and for source information of projects, which ought to have been registered but have not registered.
Whereas based on inputs received from various stakeholders, it has been decided to simplify the procedure for Non-Registered Projects and provide an option for hearing with authority for the information provider to present his / her case.
Under MAHARERA with objective of increasing transparency, accountability and ease in accessibility of information, it is proposed to capture the following details of the project professionals for each project:
i. The Promoters who would register their project after 01.12.2018 should submit quarterly information in Form 2A annexed herewith. ii. The promoter shall upload the information in Form 2A on MahaRERA webpage. iii. The promoter shall upload Form 2A by end of every financial quarter.
As we are in the 2nd year of the implementation of RERA, I am happy to note all the States/UTs have notified Rules under RERA except for 6 North Eastern States and the state of West Bengal
We are presenting before your good selves the difficulties and hardship faced by the trade sector and consultants at large in the domain of RERA implementation. We herein seek your redressal mechanism to alleviate the concerns and seek a reasonable extension of due date for furnishing audit certificate.
POST to the registration of Real Estate Project by Karnataka Real Estate Regulatory Authority, it has become necessary for the promoters of the registered projects to comply with the requirements of The Real Estate (Regulation and Development) Act 2016. Provision under Section 4 (2) l (D) of the Act is mandatory audit which reads as follows: Provided also that the 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 and it shall be verified during the audit that the amounts collected for a particular project have been utilized for the project and the withdrawal has been in compliance with the proportion to the percentage of completion of the project.
