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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Odisha RERA Seeks More Autonomy from Government

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has called on the state government to provide it with financial and administrative autonomy due to operational challenges that hinder its effectiveness. This request follows a recent advisory from the Union Ministry of Housing and Urban Affairs, encouraging states to enhance the capacity and independence of their real estate regulatory bodies. In a letter sent to the state government earlier this month, ORERA highlighted that its lack of independent financial powers leads to reliance on government approvals for crucial decisions such as staff recruitment and salary disbursement. Officials have indicated that, although…

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Lawyers: MahaRERA should leverage tech for project compliance

MUMBAI: MahaRERA has issued show-cause notices to 9,177 housing projects in Maharashtra and imposed more than Rs 15 crore in penalties for not submitting their quarterly progress reports (QPRs). This has prompted concerns regarding the regulator’s capability to examine the disclosures made by developers and ensure adherence to the Real Estate (Regulation and Development) Act, 2016 (RERA). Lawyers and housing activists argue that MahaRERA lacks sufficient infrastructure to systematically verify the self-declarations and documents provided by promoters. They recommend implementing random inspections, independent verifications, and technology-enhanced monitoring, such as AI, to ensure compliance. According to them, current scrutiny remains largely…

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UP-RERA Mandates Quarterly Reporting for Real Estate Agents

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has mandated quarterly transaction reporting for registered real estate agents and has revised the financial reporting formats for promoters. The authority has announced the 11th amendment to the Uttar Pradesh Real Estate Regulatory Authority (General) Regulations, 2019, implementing new record-keeping and disclosure mandates for real estate agents. According to the new regulations, all registered real estate agents are required to upload transaction details facilitated during a quarter on the authority’s website within 15 days after each quarter ends. Agents must also provide information about their employees. Failure to submit quarterly…

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Homebuyers Can Access Builders’ Complaint History on RERA

AHMEDABAD: Homebuyers in Gujarat may soon find it easier to verify the credibility of real estate developers. The Gujarat Real Estate Regulatory Authority (GujRERA) plans to publicly showcase builders’ past project records and any pending complaints on its website. In a step towards boosting transparency and accountability in the real estate sector, GujRERA will link the track record of real estate firm promoters and their partners to every new project registration. The authority may also deny approvals for new projects in cases involving serious unresolved complaints. The new system will allow homebuyers to access information about a builder’s previous projects…

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Bihar Housing Minister: Speed Up RERA Cases, Ensure Transparency

PATNA: Emphasizing the need for timely resolution of homebuyers’ complaints and enhanced transparency in the real estate sector, Bihar’s Urban Development and Housing Minister, Nitish Mishra, instructed officials to expedite the clearing of pending cases before the Bihar Real Estate Regulatory Authority (RERA) during a high-level review meeting. This meeting saw participation from RERA Chairman Vivek Kumar Singh, Principal Secretary Vinay Kumar, Inquiry Commissioner Sanjay Kumar Singh, Joint Secretary Manoj Kumar, and other senior officials. Mishra underlined that safeguarding homebuyers’ interests and ensuring accountability are integral to RERA’s mission, insisting that all complaints should be addressed within a specific timeframe,…

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Karnataka RERA Orders Builder to Transfer Assets for Homebuyers

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has mandated a builder to transfer the khata of the land, BESCOM meters, water meters, corpus fund, the balance of the escrow account, and maintenance accounts to the authorized association of allottees within 90 days of its order. The order came following a petition from Yoganandan Jagannathan, a flat owner, against Smart Value Homes (Peenya Project) Private Limited and Tata Value Homes Ltd. K-RERA instructed the respondents to restore power supply to the complainant’s apartment and ensure completion of the promised amenities as per the agreements. Jagannathan claimed the promoter had assured…

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Karnataka RERA’s Bid for Financial Autonomy Hits Govt Wall

BENGALURU: Karnataka’s real estate regulatory authority is not lacking in funds; however, it is losing control over its financial resources. The Karnataka Real Estate Regulatory Authority (K-Rera) generates steady income from project registrations, agent fees, penalties, and various charges. However, its autonomy in fund allocation has diminished, with the state government assuming control over the dedicated regulatory corpus. The K-Rera Regulatory Fund was established by the Real Estate (Regulation and Development) Act of 2016 to ensure the authority’s financial independence. This fund was intended to allow K-Rera to independently manage its operations, including hiring personnel and processing complaints. However, this…

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Probe Ordered: 25+ Patna Builders Violated Bihar RERA Rules

PATNA: The district administration, in collaboration with the local municipal body, has initiated an inspection of housing projects in the city following satellite imagery that indicated 29 builders may be violating Real Estate Regulatory Authority (RERA) regulations. This action was announced by District Magistrate Thiyagarajan S M during a coordination meeting at the Patna Collectorate on Friday, attended by officials from municipal bodies, the district administration, and RERA. Inspection teams have been instructed to assess key areas, including the Danapur–Shivala–Kanhauli road, Meethapur Elevated Bypass to Punpun via Sampatchak, and the AIIMS–Naubatpur corridor, and to report their findings quickly to facilitate…

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Odisha Eases Apartment Registration for Pre-RERA Projects

BHUBANESWAR: In a significant boost for homebuyers, landowners, and promoters in Odisha, the State Government has issued a Special Order aimed at facilitating the registration of apartment units in projects completed before the Real Estate (Regulation and Development) Act (RERA) came into effect on October 5, 2016. Odisha Housing & Urban Development Minister Krushna Chandra Mahapatra announced this decision, stating it seeks to resolve long-standing registration challenges faced by buyers and other stakeholders in older apartment projects. According to a press release, “The Special Order, published in the Extraordinary Issue of the Odisha Gazette, establishes a clear legal framework to…

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UP Government to Streamline RERA Regulations

LUCKNOW: Uttar Pradesh Chief Minister Yogi Adityanath has directed officials to ease legal aspects concerning corporate restructuring, Limited Liability Partnerships (LLPs), and real estate transactions under RERA, aligning the legal framework with evolving economic and business needs. During a review of the Stamp and Registration Department’s operations, Adityanath emphasized that, “Given the state’s rapidly growing economy, investment activities, and urbanization, the department must become more transparent, tech-savvy, accountable, and citizen-focused.” He noted that “Registration offices interact directly with the public, so their processes need to be modernized, streamlined, and user-friendly,” according to an official statement. Adityanath also advocated for the…