Tag: Real Estate Regulation and Development Act

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MahaRERA Approves 10,000+ Housing Projects in FY26

NAGPUR: The Maharashtra Real Estate Regulatory Authority (MahaRera) has approved 10,379 housing projects for the financial year 2025-26, highlighting its regulatory oversight and boosting the state’s real estate sector. This included 4,204 new project registrations, modifications in 2,488 projects, and timeline extensions for 3,687 developments, signaling both growth and compliance within the industry. According to the regulatory authority, these approvals align with ongoing efforts to enhance transparency and adherence to the Real Estate (Regulation and Development) Act, 2016. This act requires developers to receive MahaRera’s clearance for any changes or extensions beyond the initially sanctioned plans. Securing these approvals is…

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Centre to Eliminate One-Year Jail for Realty Norm Violations

NEW DELHI: In a significant development for homebuyers, the Centre has proposed the removal of the existing penalty of up to one year of imprisonment for allottees who do not comply with orders from the Real Estate Appellate Tribunal. The proposed amendment aims to revise Section 68 of the Real Estate (Regulation and Development) Act, 2016, stating that defaulters could face a financial penalty of up to ten percent of the property cost, which includes plots, apartments, or buildings. This change is part of the Jan Vishwas (Amendment of Provisions) Bill, 2026, recently introduced in the Lok Sabha by Minister…

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Karnataka: 4th in India for RERA Complaints with 12,772 Cases

BENGALURU: Karnataka is emerging as a dynamic player in the Indian real estate market, demonstrated by an active project pipeline and increased engagement from homebuyers within the grievance-redressal system. The number of complaints registered under the Real Estate (Regulation and Development) Act (RERA) highlights the growing disputes that often accompany new developments. According to the latest RERA report, released on March 9 and covering data from 2016 to 2026, Karnataka ranks fourth in the country for complaints, with a total of 12,772 cases filed and 10,322 resolved, reflecting an over 80% resolution rate, nearly matching the national average. Ramachandra CH,…

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Bangalore Development Body Promotes: Karnataka REAT

BENGALURU: The BDA must adhere to all regulations outlined in the Real Estate (Regulation and Development) Act, including project registration, as it is classified as a promoter when developing layouts and selling plots. This observation was made by the Karnataka Real Estate Appellate Tribunal in its March 3 ruling, which upheld K-Rera’s directive regarding the Nadaprabhu Kempegowda Layout (NPKL). However, BDA officials have indicated to TOI that they plan to challenge the tribunal’s decision in the high court. The case originated from a K-Rera order dated November 7, 2025, following complaints by allottees of the NPKL project. K-Rera addressed these…

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Odisha REAT Upholds Penalty on Promoter for Uncertified Flats

BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has dismissed an appeal from a local promoter and upheld the Rs 3 lakh penalty for delivering flats in the Gadakana housing project without the necessary occupancy certificate (OC) and failing to secure registration from the Odisha Real Estate Regulatory Authority (ORERA). This ruling was issued on March 6. The tribunal affirmed ORERA’s March 4, 2024, directive, which penalized the promoter for breaching Section 3(1) of the Real Estate (Regulation and Development) Act, 2016, which stipulates that all eligible projects must be registered before any sales or promotions occur. The tribunal also…

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States face CJI backlash over appointing retirees to RERA

BHUBANESWAR: Chief Justice of India Surya Kant delivered a stern critique to states regarding the performance of the Real Estate Regulatory Authorities (RERAs), stating that many have turned into “rehabilitation centres for retirees” rather than serving to protect homebuyers. The CJI urged states to “revisit and rethink the very purpose of constituting the RERA,” pointing out the disillusionment among those whom these institutions were intended to help. “The truth is that none of them are receiving any substantial relief,” he remarked, highlighting the need for immediate reforms. In Odisha, the Real Estate Regulatory Authority is entirely staffed by retired officials,…

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Odisha RERA Updates Quarterly Report Formats for Agents

BHUBANESWAR: To bolster accountability and improve transparency in the real estate sector, the Odisha Real Estate Regulatory Authority (ORERA) has mandated a new format for quarterly progress reports (QPRs) from registered agents, in accordance with the Real Estate (Regulation and Development) Act, 2016. This initiative comes after an audit by the Directorate of Audit, Indirect Taxes and Customs, which highlighted significant non-compliance and insufficient data in quarterly submissions by agents. Starting from the quarter ending December 2025, agents will be required to provide detailed, transaction-level information. According to the ORERA directive, “The DG Audit, Indirect Taxes and Customs, Govt of…

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Karnataka: 10 Builders Owe ₹347 Crore in Penalties

Even years after the implementation of the Real Estate Regulation and Development Act (RERA), many major builders in Karnataka are disregarding recovery orders from the Karnataka Real Estate Regulatory Authority (K-RERA). Consequently, homebuyers with favorable rulings find themselves struggling for justice through courts and bureaucratic channels. When RERA was launched, there was hope that victims of real estate fraud would quickly receive justice. Unfortunately, that hope has largely gone unfulfilled. A striking example is the fact that ten major builders owe a collective ₹347 crore in penalties, yet have not made any payments. Recent information acquired through an RTI query…