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UP-RERA Reports 1.15 Lakh Housing Units in Uttar Pradesh

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) is urging homebuyers and investors to thoroughly check project details and assess their financial capabilities before making real estate investments. The authority cautioned that decisions regarding property purchases should not be driven by advertisements, hearsay, pressure tactics, or claims of sudden price hikes. Currently, over 115,000 residential and commercial units are available in the state’s real estate market, encompassing flats, villas, plots, shops, office spaces, and other commercial properties. The western zone holds the largest portion of available inventory, comprising nearly 55% of the total with more than 60,000 units.…

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Punjab RERA directs builder to refund fees and obtain completion certificates

MOHALI: The Real Estate Regulatory Authority (Rera) has mandated a builder to refund Rs 5.45 lakh in excess maintenance charges collected from allottees and to secure the necessary Completion and Occupation Certificates. This decision follows a complaint filed by a residents’ association. The authority has emphasized that the builder must deliver all promised amenities as per the project’s brochure and refund charges for the excess area. The complaint was raised by the residents’ welfare association (RWA) of the housing society, citing various deficiencies and non-compliance from the builder. Rera endorsed the residents’ plea, issuing several directives in their favor. Advocate…

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MahaRERA Dues Recovery Stalls Despite Efforts by Officers

PUNE: The Maharashtra government’s effort to expedite the recovery of dues for distressed homebuyers is facing significant challenges. Despite assigning dedicated revenue recovery officers in critical districts five months ago, collections have only marginally increased by Rs10 crore. According to data from the Maharashtra Real Estate Regulatory Authority (MahaRERA), total recoveries rose from Rs270 crore in December 2025 to roughly Rs280 crore now. This slow progress continues despite a state mandate urging faster enforcement of recovery warrants. Concerns over the slow pace of recovery are amplified by the scale of the defaults. Since its launch in May 2017, MahaRERA has…

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Gujarat RERA Requests Timeline Extensions for Govt Projects

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has reached out to the Roads and Buildings (R&B) department to inquire if there have been any extensions granted for government civil projects due to the West Asia crisis. Real estate groups are urging GujRERA to approve a six-month extension for ongoing projects, pointing to significant increases in construction costs and uncertainties in supply chains. Sources indicate that GujRERA is examining existing practices within the state government’s contracting framework before making decisions on the developers’ requests. A source from GujRERA stated, “The central government has granted extensions of two to four months…

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MahaRERA reprimands Mumbai builder for defects, delays

MUMBAI: MahaRERA has once again raised concerns regarding the Vasant Oasis project in Andheri East, instructing developers to address various issues such as leakage, seepage, structural flaws, and subpar workmanship in the common areas of one of the buildings within the township. The regulatory body has also requested that the developers initiate the conveyance process in favor of the housing society, take necessary steps to establish an apex body if it hasn’t been formed yet, and complete the conveyance by handing over all essential title documents and approved plans. The Daffodil building’s cooperative housing society at Vasant Oasis had approached…

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Karnataka RERA Recovery Cell Plan Canceled; Welfare Groups Disappointed

BENGALURU: A proposed cell aimed at streamlining the recovery of dues adjudicated by the state’s Real Estate Regulatory Authority (Rera) has been shelved, much to the dismay of homebuyers. Instead, the government has appointed a special deputy commissioner for Bengaluru Urban district to manage the recovery of outstanding amounts. Officials explained that discussions took place regarding the creation of a dedicated recovery committee, but the proposal was abandoned due to concerns about the committee’s lack of legal authority for enforcement. Currently, the ability to recover dues lies with individual district deputy commissioners, and agencies are limited to issuing recovery certificates…

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Punjab RERA mandates ₹25 lakh payout for delayed possession

MOHALI: In a landmark decision, the Punjab Real Estate Regulatory Authority (RERA) has mandated a real estate promoter to pay approximately Rs 25 lakh in delay interest to homebuyers. The ruling states that project timelines should commence from the initial booking date, not from the date the sale agreement is executed. The complainants, who are faculty members at Punjab Engineering College, Sector 12, reported delays in receiving possession of their property. The case was represented by advocate M Shahnawaz Khan. In a crucial determination, RERA concluded that, since the initial booking occurred in 2018, the promoter could not sidestep responsibility…

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110+ Developers Receive Odisha RERA Notices for Missing Reports

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (Orera) has issued show-cause notices to 113 developers due to their failure to submit mandatory quarterly progress reports (QPRs). As mandated by the Real Estate (Regulation and Development) Act, 2016, all registered promoters are required to submit QPRs, detailing the current status of their projects, including construction timelines and financial information such as funds received from allottees and their usage. Orera warns that non-compliance with the Act and its provisions—such as not updating QPR data on project websites—could lead to penalties of up to 5% of the project’s estimated cost. Developers who do…

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UP-RERA Directs Banks to Implement New Real Estate Account Norms

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has urged banks and financial institutions to adhere to the updated banking regulations and operational guidelines for accounts related to RERA-registered real estate projects. The authority conducted an awareness meeting with nationalized and scheduled banks at the Bank of Baroda’s regional office in Lucknow to discuss the revised project account directives issued on May 11, 2026. According to the new regulations, each RERA-registered project must maintain three distinct bank accounts: a collection account, a separate account, and a transaction account. At least 70% of the funds collected from homebuyers must…

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Telangana RERA Chairman N Satyanarayana Resigns for Health Reasons

HYDERABAD: N Satyanarayana, Chairman of the Telangana Real Estate Regulatory Authority, has stepped down due to health issues stemming from prolonged bench hearings and administrative duties. He reported that daily hearings lasting up to five hours have led to severe back pain and other health complications, necessitating ongoing physiotherapy and medical care in recent weeks. “While resigning is difficult, it is necessary for my health,” Satyanarayana told PTI, calling his role as TG-RERA Chairman one of the most demanding yet rewarding experiences of his four-decade public service career. Throughout his three years in office, the retired IAS officer noted that…