Category: Rera

Get focused news on RERA regulations, builder compliances, consumer protection, and implementation updates across Indian states. Stay informed about changes that ensure transparency and protect property buyers.

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UP-RERA Requires Separate Bank Account for IFMS Deposits

Representative AI image NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has announced amendments to the UP-RERA General Regulations, 2019, establishing guidelines for the collection, management, transfer, and utilization of Interest Free Maintenance Security (IFMS) funds. The 12th amendment has been added under Regulation 47 and will take effect from the date of publication on the authority’s website. According to the updated regulations, promoters must collect IFMS from allottees at the time of registering a sale, lease, or sub-lease deed and deposit the amount in a designated account with a scheduled bank. The funds collected should be invested…

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TN appoints interim panel to oversee RERA activities

CHENNAI: On Tuesday, the state government appointed an interim panel to lead the Tamil Nadu Real Estate Regulatory Authority (TNRERA), naming retired IAS officer K Phanindra Reddy as chairperson. The panel also includes retired district judge A Nazir Ahamed and retired IAS officer Reeta Harish Thakkar. This decision comes after the recent resignations of the authority’s previous chairperson and members. As of Tuesday, the state government has superseded TNRERA for a six-month period, effective immediately or until its reconstitution, whichever comes first. According to an order from the housing and urban development department, the authority could not fulfill its statutory…

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Karnataka RERA nets ₹1.5 crore from builders for violations

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera) has collected ₹1.5 crore in penalties from builders for failing to timely submit their mandatory quarterly progress and annual audit reports between April 1 and July 9, 2026. This initiative aims to enforce compliance and enhance transparency for homebuyers. This recovery follows a circular issued by K-Rera on July 2, emphasizing its compliance measures and stating that recovery actions against non-compliant promoters would commence on July 16. The circular builds on previous warnings dated January 20, February 7, February 20, and June 19, which outlined penalties for late quarterly filings. Officials indicated…

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Haryana RERA Orders Godrej to Deliver Delayed Flats, Pay Interest

GURUGRAM: After eight years of delays in a Sohna residential project, the real estate regulator has instructed the developer to transfer possession of the unit to buyers and pay interest for the delay until the handover occurs. The Haryana Real Estate Regulatory Authority (HRera) also prohibited Godrej Highview from imposing any unapproved charges and provided any necessary relief. The buyers — Ravi Kant Thakral, Minakshi Thakral, and Anuj Thakral — contended that their apartment in Sector 33 was supposed to be delivered by June 30, 2023. They purchased the flat in Tower T4 of the Godrej Nature Plus project in…

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UP-RERA Issues Refund Guidelines for Excess GST from Homebuyers

GST NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has introduced new guidelines for refunding excess Goods and Services Tax (GST) collected from homebuyers in registered real estate projects. UP-RERA emphasized that GST for all registered projects should be collected in accordance with the rates set by the central government. Earlier, on January 8, 2025, UP-RERA had issued an order informing registered promoters and real estate agents about the applicable GST rates. However, concerns were raised that some allottees were charged GST rates above the prescribed ones. To address this, the State Tax Department has implemented an online…

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Approved Drawings for Panchkula Flat: Haryana REAT to DLF

CHANDIGARH: The Haryana Real Estate Appellate Tribunal (HREAT) has instructed a real estate company and the Haryana Department of Town and Country Planning (DTCP) to present the approved and advertised plans concerning a flat in a 34-acre luxury residential project located in Panchkula. This order was issued following a complaint from a homebuyer regarding the carpet area of the apartment and the pricing basis. In its ruling dated July 2, the tribunal also requested the occupation certificate corresponding to the approved plans, mandating that the records be submitted in a sealed envelope. The dispute involves DLF Homes Developers’ Valley Gardens…

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50% of New Projects Face Pending Complaints: Gujarat RERA

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has intensified its review process for developers applying for new project registrations. Approximately 50% of the reviewed applications have been linked to promoters or partners with unresolved complaints from past projects. The authority’s more stringent measures necessitate that developers address outstanding complaints, unpaid fines, and any other dues before initiating new project registrations. In the last 15 days, about 10 new projects received provisional registrations, with directives for promoters to resolve outstanding issues within set deadlines prior to attaining full compliance, according to sources. Officials noted that this heightened scrutiny includes both…

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Odisha REAT Rules Builder’s Flat Cancellation Illegal

BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has overturned a decision made by the Odisha Real Estate Regulatory Authority (ORERA), declaring the cancellation of an apartment allotment in a prominent housing project in Kalarahanga as illegal. This cancellation occurred after the buyer had already made a payment to the builder. The tribunal’s recent ruling instructed the builder to issue a revised demand for delayed interest, rather than canceling the allotment. The dispute originated from a flat booked by the buyer in December 2017 for ₹91.36 lakh, of which ₹10 lakh was paid upfront. A sale agreement was subsequently executed…

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Haryana RERA Rejects Neo Developers’ Unit Cancellation Notice

NEW DELHI: The Gurugram bench of the Haryana Real Estate Regulatory Authority (RERA) has annulled the cancellation notice issued by Neo Developers, deeming it invalid. This ruling pertains to the case of Suman Lata against Neo Developers, concerning a commercial unit in Neo Square, Sector 109, Gurugram. The complainant approached the authority to challenge the cancellation and requested that the developer honor the commitments specified in the builder-buyer agreement and memorandum of understanding. The authority highlighted that the allottee had made significant payments amounting to ₹84 lakh, despite the total basic sale price being ₹75 lakh. It ruled that the…

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Verify Clients with Latest UN Sanctions: Odisha RERA to Agents

BHUBANESWAR: In response to recent updates by the United Nations Security Council (UNSC) sanctions committees regarding global high-risk individuals and entities, the Odisha Real Estate Regulatory Authority (ORERA) has issued a directive requiring all registered agents to implement anti-money laundering and counter-terrorism financing measures in accordance with the Prevention of Money Laundering Act. This directive follows guidance from the Director General of Audit, Indirect Taxes and Customs. Under the updated compliance framework, real estate agents are now recognized as reporting entities, necessitating alignment of their customer due diligence processes with the most recent international sanctions. ORERA has instructed real estate…