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Haryana RERA Requires Ireo to Pay 11% Interest to NRI Buyer

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRERA) has instructed Ireo Private Ltd to pay an annual delay interest of 10.8% to UK-based allottee Balraj Singh for failing to deliver possession of a plot in its Ireo City project in Sector 60 on schedule. Singh acquired a 314 sq-yard plot back in 2011 but was only offered possession in December 2021, with the actual handover occurring a year later, following multiple delays and a reduction in plot size. Since the project was approved in 2014 and the original delivery date was set for 2017, the Authority concluded that Singh experienced…

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Telangana RERA Fines Bhuvanteza Infra, Orders Customer Refunds

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has fined Bhuvanteza Infra ₹6.4 lakh and ordered a full refund to buyers affected by unregistered and delayed housing projects. In its ruling on September 30, the Authority found the company guilty of multiple infractions, including failure to register projects, misappropriation of customer funds, and not delivering possession. In one case, Raja Rao Bongu from Shamirpet claimed he was approached by representatives of Devas Infra Ventures Pvt. Ltd., later renamed Bhuvanteza Infra Projects Pvt. Ltd., to book a flat in the ‘Happy Homes Phase-2’ project during March-April 2021. Relying on their promises,…

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MahaRERA Orders Builder to Compensate ₹5 Lakh for Agony

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRera) has ordered a builder to compensate an Oshiwara flat buyer with Rs 5 lakh, in light of the mental distress endured by the owner, who was promised possession in 2016. This decision comes in addition to previously directed interest payments. The complainant, Mohammed Sayyed Noorul Hassan, who has been dealing with chronic health issues, highlighted the costs he has incurred due to ongoing house rentals over the years. Hassan, represented by advocate Godfrey Pimenta, purchased a flat for Rs 41.7 lakh in the Gaurav Legend project at Oshiwara, Andheri West, in 2013,…

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UP RERA Approves 8 Real Estate Projects Worth ₹1,948 Crore

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has granted approval for eight new real estate projects, with a total investment of ₹1,948 crore. Sanjay Bhoosreddy, chairperson of UP-RERA, stated, “The investment of ₹1,948 crore and the approval of over 3,000 new units represent a major step towards the state’s economic growth and housing development.” These initiatives will collectively generate 3,005 new residential and commercial units, including flats, apartments, villas, plots, shops, and various commercial spaces. Among these projects, three are based in Lucknow, with the remaining ones located in Prayagraj, Agra, Jhansi, Noida, and Firozabad. Published On…

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Odisha REAT Supports Buyer Amid Builder Delays and Amenities Issues

BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has rejected an appeal from a local realtor disputing the applicability of the RERA Act, 2016 to its residential project in Andharua. During a recent session, the tribunal affirmed the Odisha Real Estate Regulatory Authority’s (ORERA) previous decision, mandating the developer to compensate the buyer and adhere to essential legal requirements. The case stemmed from a complaint by homebuyer Surya Prakash, who cited delays in possession, the absence of mandatory occupancy and fire safety certificates, and the failure to deliver the promised amenities as outlined in the sale agreement. Despite investing Rs…

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Uttar Pradesh RERA Files FIR Against A.S.G.I. Properties

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has filed a first information report (FIR) against A.S.G.I. Properties at the Greater Noida Police Commissionerate, following serious fraud and forgery allegations. The case has been registered under various sections of the Bharatiya Nyaya Sanhita (BNS) law, specifically sections 318(4), 338, and 336(3). Complaints received by UP-RERA indicate that the promoter misled allottees and banks regarding the Apple Tower S-2A & S-2B project by submitting a fraudulent order to secure loans. Investigations revealed that no such order was ever issued by UP-RERA. Although a meeting was held on February 24,…

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Delhi RERA Includes 2008 Project After Partial OC from MCD

GURUGRAM: The Delhi Real Estate Regulatory Authority (RERA) has mandated state-run NBCC Ltd to register its NBCC Plaza Complex at Saket—a completed property where allottees received possession 17 years ago—as an ‘ongoing project’ under the RERA Act of 2016. This directive, issued by a majority bench led by Chairperson Anand Kumar and Member Ajay Kumar Kuhar, followed a complaint from Gurgaon-based Rajeshwari Realty Pvt Ltd, one of the major stakeholders in the project. The complaint highlighted that NBCC failed to execute conveyance deeds, form an association of allottees, and manage common areas—key obligations outlined under the RERA framework. The bench…

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Telangana RERA Fines Three Developers for Project Delays

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has imposed fines on three developers for delays in project delivery and other violations of the Real Estate (Regulation and Development) Act. The orders were issued on September 29. In the first case, Sumit Kumar Soni and Ranjana Bansal from Gachibowli filed a complaint against Jayathri Infrastructures Pvt Ltd regarding the ‘Sky Exotica’ project in Gopanpally. They claimed they paid Rs 30 lakh but received neither a refund nor an allotment, and construction never began. The authority ordered the developer to refund the total amount with a 10.8% annual interest from the…

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Rajasthan RERA Website Offline During Key Property Season

JAIPUR: The Real Estate Regulatory Authority (RERA) of the state has experienced significant technical issues over the past month, rendering its website inoperable. This has hindered both homebuyers and developers from verifying property statuses for potential purchases. The timing of this glitch is particularly inconvenient for buyers wanting to invest during the festive season, which is traditionally seen as an auspicious time for property transactions. Many are left unable to determine whether housing projects are officially RERA-registered. Since August 28, the portal has only displayed information on past projects, with new listings being completely inaccessible. Ankur Tiwari, a hopeful homebuyer,…

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Uttar Pradesh RERA Takes Action Against Several Builders

NEW DELHI: In response to numerous complaints from homebuyers, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has initiated strict measures against various promoters and has directed multiple cases to be presented before the Authority for penalties under the Real Estate (Regulation and Development) Act. UP-RERA stated that these actions are aimed at reducing violations and enhancing buyer trust and transparency in home purchases. The bench referenced provisions including Section 13 (prohibiting the collection of more than 10% advance without a registered sale agreement), Section 61 (allowing for penalties of up to 5% of estimated project cost for violations of…