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

Homebuyers of 129 Projects Should Contact IRPs, Not UP-RERA

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has released a public advisory following the admission of 129 real estate projects from 14 developers into the Corporate Insolvency Resolution Process (CIRP) at the National Company Law Tribunal (NCLT) from January 2024 to the present. As insolvency proceedings commence, UP-RERA has instructed affected homebuyers to submit their claims exclusively to the appointed Insolvency Resolution Professionals (IRPs) for each project, as per the guidelines of the Insolvency and Bankruptcy Code (IBC). RERA jurisdiction suspended during moratorium UP-RERA stated that once a project enters the CIRP, a moratorium under section 14…

Latest StoriesRera

Haryana RERA Orders Chintels to Refund Homebuyer with Interest

Certainly! Here’s a rewritten version of the content: — The Haryana Real Estate Regulatory Authority (Ha-RERA) has mandated builder Chintel to refund the buyer, Kumar Mangalam Dalmia, with an interest rate of 10.85% per annum. Dalmia, a complainant against the Chintel Paradiso housing society, had approached the RERA court in Gurugram, seeking a complete refund of his principal amount along with interest based on the current market value of his flat in Chintel Paradiso, Sector 109, Gurugram. In February 2022, a tragic collapse at Chintel Paradiso resulted in the loss of lives. Despite paying over Rs 1 crore for his…

Latest StoriesRera

Himachal RERA Amendment Bill Passed Amid Opposition Walkout

DHARAMSHALA | SHIMLA: On Wednesday, the state assembly passed the Real Estate (Regulation and Development), Himachal Amendment Bill, despite protests and a walkout from the opposition. Currently, the chief justice of the high court serves as chairperson of the committee that recommends members and chairperson of the Real Estate Regulatory Authority (RERA). This Bill proposes to replace the chief justice with the chief secretary. The amendment also establishes a fixed, non-renewable four-year term for the chairpersons and members, instead of the existing five-year term, which is subject to a 65-year age limit. The BJP MLAs exited the House before the…

Latest StoriesRera

Haryana RERA Orders Builder to Compensate Buyer 11% Interest

GURUGRAM: The Haryana Real Estate Regulatory Authority (H-RERA) has ordered Godrej Real View Developers to pay a compensation of 10.8% per annum to a couple from Lucknow for the delayed possession of their flat in Godrej Meridien-I, located in Sector 106. This decision, made by member Ashok Sangwan, follows a complaint from Malik Ram and Sarita Verma of Gomti Nagar, Lucknow. They approached H-RERA under Section 31 of the Real Estate (Regulation and Development) Act, 2016. H-RERA dismissed the builder’s claims regarding Covid-19 and pollution-related construction bans as force majeure events, highlighting that these do not justify the delay beyond…

Latest StoriesRera

Mohali: 10-Year Wait Ends as RERA Orders Developer to Deliver SCO

MOHALI: In a significant development for buyers who have been waiting nearly a decade, the Real Estate Regulatory Authority (RERA) of Punjab has ordered a private developer to hand over possession of a commercial shop-cum-office (SCO) in Sunny Enclave, Sector 124, Mohali. The ruling was prompted by a complaint from two residents of Mohali, Santosh Machagalath Krishnan and Nisha Puliyoth Nandanan of Sector 125, who claimed they had paid the full cost of the unit and completed all necessary paperwork, yet had not received physical possession. The complainants had booked SCO no. 178, spanning 62.22 square yards in High Plaza…

Latest StoriesRera

Odisha REAT Ensures Homebuyer Rights in Realty Dispute

BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has dismissed appeals from a public sector bank that sought to auction a real estate project in the city, where buyers have made significant investments. The bank’s appeal challenged a prior ruling from the Odisha Real Estate Regulatory Authority (ORERA) after the project promoters defaulted on loan repayments. The tribunal concluded that by initiating auction proceedings under the SARFAESI Act, 2002, the bank “stepped into the shoes of the promoter” and is required to assist in completing the halted housing project. This dispute originated from two separate complaints lodged by allottees of…

Latest StoriesRera

Haryana RERA reinstates flat, orders MRG Infrabuild to pay 10.9% interest

Sure! Here’s a rewritten version of your content: GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has overturned the cancellation of a flat in an affordable housing project located in Sector 89. The authority has ordered the developer, MRG Infrabuild, to reinstate the unit and compensate for delays at a rate of 10.9% per annum. The authority’s findings indicated that the builder failed to adhere to legal timelines and wrongfully cancelled the unit, despite the buyer having paid more than the total sale price. The issue revolves around a flat in The Meridian project, which was allotted to Amit Kumar…

Latest StoriesRera

MahaRERA Releases SOP to Speed Up Compensation Recovery

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced a detailed standard operating procedure (SOP) to streamline the process of obtaining compensation from developers who disregard its orders. Released on Thursday, in response to directives from the Bombay High Court, the SOP outlines strict timelines and escalation measures, which may include property attachment and civil imprisonment, as noted by MahaRERA officials. According to senior MahaRERA officials speaking to TOI, the new SOP is designed to “ensure strict compliance with the high court’s ruling and offer timely relief to homebuyers.” Developers are now required to compensate affected homebuyers within 60…

Latest StoriesRera

Haryana RERA Directs Ocean Seven Buildtech to Refund Buyer

GURUGRAM: The Haryana Real Estate Regulatory Authority has instructed a builder to refund Rs 7,30,000 to an allottee following the cancellation of a flat due to non-payment of dues. Sachin Kumar contested the cancellation of his unit in Expressway Towers under the affordable housing initiative in Sector-109. The total cost of the unit was Rs 12,28,000, with Kumar having paid Rs 7,31,251, representing 60% of the total price. The builder issued a cancellation notice on September 3, 2021, for non-payment of the remaining balance. On November 13, the Authority ordered Ocean Seven Buildtech to refund the paid amount of Rs…

Latest StoriesRera

West Bengal REAT Extends Project Registration Deadline

KOLKATA: The West Bengal Real Estate Appellate Tribunal has ruled to restrict the extension period for a housing project’s registration. This decision follows legal challenges and regulatory issues stemming from the Supreme Court’s 2021 ruling that annulled the West Bengal Housing Industry Regulation Act, 2017. The project, Essense by Periwal Constructions LLP, was initially registered with the West Bengal Housing Industry Regulatory Authority (WBHIRA) from September 6, 2019, to June 30, 2024. However, it encountered several obstacles due to the Covid-19 pandemic and subsequent legal issues. Construction was halted by the Howrah Municipal Corporation in September 2022, a decision that…