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.

Latest StoriesRera

Landowners Share Liability with Builders for Incomplete Projects: Kerala-RERA

KOCHI: In a significant ruling, the Kerala Real Estate Regulatory Authority (K-RERA) has determined that landowners cannot avoid accountability if a housing project fails, assuming they were involved in its financing or profit-sharing. They will be regarded as “joint promoters” and held jointly accountable with the builder to fulfill the promise of delivering homes. The case centers around a housing development by Nest Realties on land owned by Marickar Plantations, where homebuyers booked apartments between 2011 and 2022, paying nearly 95% of the total price. However, after accepting their payments, the builder left the project incomplete, failing to provide essential…

Latest StoriesRera

Odisha RERA Updates QPR Format for Real Estate Projects

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has updated the quarterly progress report (QPR) format for real estate projects, correcting issues in the financial status pro forma that promoters must submit for registered projects. In an announcement made on Wednesday, ORERA noted that it identified certain errors in Pro forma-II(B), which pertains to the project’s financial status and requires certification by a chartered accountant. The authority has since rectified this form and advised updates to the corresponding section of ORERA 2.0. This latest directive follows an earlier modification made by ORERA on April 22, which altered the QPR format…

Latest StoriesRera

Haryana RERA Orders BPTP to Refund Maintenance with 11% Interest

NEW DELHI: The Gurugram bench of the Haryana Real Estate Regulatory Authority (RERA) has ordered BPTP to refund ₹1,16,545 in maintenance charges to an allottee, along with an 11% annual interest from the date of collection until the amount is realized. This ruling was made in response to complaint no. 531 of 2024, lodged by an allottee of an apartment in Park Spacio, Sector 37D, Gurugram. The complainant asserted that the promoter compelled him to pay maintenance fees prior to the handover of the unit. He pointed out that the builder-buyer agreement did not provide for such advance payments. The…

Latest StoriesRera

Tamil Nadu RERA Sets Graded Penalties for Misleading Ads

For homebuyers attracted by glossy brochures and grand promises, Tamil Nadu’s real estate regulator has introduced an additional layer of protection. A year after strengthening norms to prevent misleading real estate advertisements, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has implemented a graded penalty system. According to a circular issued in June, from July 1, developers who breach advertising regulations will face fines of up to ₹5 lakh. This initiative aims to ensure stricter compliance with transparency norms established last year and to deter misleading marketing practices in the real estate sector. The advertising guidelines, effective from July 1,…

Latest StoriesRera

Haryana, UP RERA Approve ₹35,000 Crore in Real Estate Projects

NEW DELHI: The real estate regulatory authorities in Haryana and Uttar Pradesh have approved projects worth over ₹35,000 crore. The Gurugram bench of Haryana RERA sanctioned 51 real estate projects between January and June 2026, totaling nearly $4 billion in investment. Notably, 11 of these projects represent a combined investment of around ₹25,000 crore. The 51 approved projects consist of 16,727 units, which include 15,403 residential units, 1,084 commercial units, and 240 industrial units. The authority highlighted that these approvals indicate ongoing interest from developers and investors in the Gurugram real estate sector, which attracted nearly ₹87,000 crore across 131…

Latest StoriesRera

OREAT: Odisha RERA’s Fee Retention is Arbitrary

BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has recently ruled that the Odisha Real Estate Regulatory Authority (ORERA) cannot withhold the full registration fees for projects in cases of rejection or delayed withdrawal. The tribunal deemed such actions arbitrary and lacking in legal foundation. The tribunal delivered this verdict while reviewing two similar appeals involving prominent residential projects in the city, dismissing ORERA’s refusal to issue refunds and ordering the return of the registration fees, retaining only 12% for processing costs. In total, ORERA collected over Rs 20 lakh in registration fees from the two developers. In the first…

Latest StoriesRera

UP RERA Sends Notices to 76 Projects for Missing Audit Reports

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued show-cause notices to the promoters of 76 projects for failing to upload the annual audit reports for FY2024-25 on its web portal. The authority has instructed these promoters to submit the required audit reports within 15 days, along with the applicable late fee. Non-compliance could result in penalties of up to 5% of the project’s estimated cost, according to UP RERA’s statement. As mandated by RERA provisions, promoters must have their project accounts audited annually and upload the reports to the authority’s website within six months of…

Latest StoriesRera

Odisha REAT Directs Builder to Finalize 2018 Flat Sale Agreement

BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has overturned a previous order that mandated a refund, instead instructing the builder of a significant housing project in Phulnakhra to finalize a sale agreement for a flat booked in 2018. The tribunal deemed the builder’s cancellation arbitrary and discriminatory. This ruling was made last week in response to a decision by the Odisha Real Estate Regulatory Authority (ORERA) from May 2024. According to case records, the buyer had booked a flat along NH-16 by paying Rs 1 lakh in November 2018, with a total cost of approximately Rs 53.6 lakh. The…

Latest StoriesRera

Telangana RERA Stops Developer from Selling Flats, Orders ₹15L Refund

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has prohibited a property developer from advertising, marketing, booking, or selling units or accepting further payments for the ‘Jai Vasavis ORR Heights’ project until further notice. The authority has also mandated that the developer refund ₹14.9 lakh to the complainant, Chilakalapudi Venkateshwara Rao, with an annual interest of 10.7% calculated from the payment dates, within 60 days of receiving the order. Rao, a Ghatkesar resident, lodged a complaint against the developer on June 22. The buyer alleged misleading claims regarding project approvals. Rao stated that he invested in a residential unit for…

Latest StoriesRera

RERA Chairman Calls for Faster Coordination in Real Estate Approvals

Rakesh Singh (IAS), Chairman, Karnataka RERA. Rakesh Singh (IAS), Chairman of Karnataka RERA, emphasized the need for enhanced institutional coordination and a more consistent approval framework in Karnataka’s real estate sector to mitigate project execution delays. He acknowledged that while RERA has contributed to increased discipline and transparency, discrepancies among government bodies, regulators, and promoters still hinder the progress from project initiation to completion. Singh spoke at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, where he joined policymakers, developers, and other real estate professionals in discussions on Bengaluru’s urban and housing development potential. Singh highlighted the persistent trust issues…