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...
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.
A Defect Liability period is a set period of time after the completion of a project and handing over the possession to the allottee, where the builder/promoter is held responsible/answerable to the allottees, for any kind of structural defects in the project and is duty bound to set right such structural defects within the given time and without any further collection of money / charge to the allottees
Many Promoters/ Builders/ CA’s are currently having questions/ queries on what’s next! having filed application online for registration and approved by authorities. Many Promoters / builders, CA’s are calling us and enquiring the next step, process and action required to comply with provisions of RERD Act 2016 / State Rules in relation to procedure, precautions to be followed in Issuance, maintenance and submission of CA Certificates. In order to educate, guide the Promoters / Builders and to CA’s (Chartered Accountants) on matters which may arise in the course of their professional work and on which they may desire assistance in resolving issues which may pose difficulties.
The post contains brief introduction of Real Estate (Development & Regulation) Act, 2016, its objects and its features throwing light on the fact that the act is applicable on not only real estate developers but also on real estate agents and buyers.
This article aims to guide person seeking justice under RERA, 2016 by consolidating various sections and rules relating to enforcement mechanism, in the state of Maharashtra.
MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY No. MahaRERA/Secy./File No.27/692 /2018 Date: 17th July, 2018 MahaRERA Circular No: 18/2018 Subject: Standard Operating Procedure (SOP) for handling complaints Whereas Maharashtra Real Estate Regulatory Authority (MahaRERA) had issued Circular No: 09/2017 dated 24th July 2017, laying down SOP for handling complaints against registered projects and for Source Information of […]
Real Estate (Regulation and Development) Act, 2016 and The Uttar Pradesh RERA Rules, 2016 UP RERA- Compliances- Quarterly Updates (Chapter III, Sec-11 (1), Rule-14(1)), (Chapter IV, Rule-14(1)(d) UPLOAD the following updates on Webpage for the project < 7 days (available only for 15 days) after each Quarter ending; (a) Details of registration granted by Authority (rule 14(1)(b)(i)(C) […]
As all of us are aware that Real Estate sector has grown very much in the recent years but has largely been unregulated from the prospective of protection of consumers. For resolving all the issues the Government of India has introduced Real Estate (Regulation and Development) Act 2016 and all the sections of the Act have come into force with effect from May 1, 2017.
