Tag: Real Estate Regulatory Authority

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 StoriesResidential

FPCE Calls for RERA Law Revisions to Verify Promoters’ History

NEW DELHI: The Federation of People’s Collective Efforts (FPCE) has called for amendments to the real estate law ‘RERA’ to implement a mechanism for verifying builders’ track records prior to granting project approvals. Additionally, the FPCE is advocating for new provisions to ensure compensation for homebuyers if builders fail to deliver promised facilities and amenities. The association has also requested a standardized rule regarding refunds in the event of unit cancellations by property buyers. FPCE President Abhay Upadhyay has addressed a letter to Union Minister of Housing and Urban Affairs, Manohar Lal, proposing amendments to the Real Estate (Regulation and…

IndustryLatest Stories

Builders Seek RERA Clarity as Andhra Pradesh Real Estate Revives

VIJAYAWADA: The real estate sector in Andhra Pradesh is experiencing a resurgence, with developers eager for the Real Estate Regulatory Authority (Rera) to enhance transparency and protect the interests of homebuyers and builders alike. Recent months have seen a surge in construction activity, especially in urban areas, fueled by improved infrastructure and rising investor confidence. According to guidelines, all housing projects must register with Rera prior to construction commencement. Authorities have indicated that non-compliance will lead to significant penalties, a move designed to protect buyers from misleading promotions while ensuring that developers adhere to approved plans and timelines. Several ongoing…

Latest StoriesRegulatory

Karnataka HC отменяет штрафы Регулятора недвижимости

BENGALURU: The High Court has annulled a circular issued by the Real Estate Regulatory Authority (RERA) of Karnataka on September 3, 2020, due to lack of legislative authority. The circular aimed to retrospectively impose a “delay fee” for late submissions of quarterly updates and annual audit statements. This circular required builders, developers, and promoters to submit quarterly updates and annual audit statements as per Section 7 of the Real Estate (Regulation and Development) Act, 2016. The petitioners contended that while the Act mandates obligations for promoters, it does not empower the authority to enforce delay fees. They argued that delays…

Latest StoriesRera

Bihar RERA Orders Refund for 18 PK Villa Project Homebuyers

PATNA: On Monday, homebuyers invested in the PK Villa Project by Agrani Homes received some good news, as the Real Estate Regulatory Authority (RERA) of Bihar announced that 18 individuals who had lodged complaints against the builder will be eligible for partial refunds of their total payments. The RERA official stated, “These 18 homebuyers will receive a cumulative refund of ₹1 crore, distributed proportionally based on their contributions. Additionally, RERA Bihar is working to auction off seized lands from Agrani Homes and other developers to provide further compensation to homebuyers.” The landowner of the PK Villa Project has complied with…

Latest StoriesRera

Amaravati JAC Leader Becomes Andhra Pradesh RERA Chair

VIJAYAWADA: A Siva Reddy, the leader of the Amaravati JAC, has been appointed as the chairman of the Andhra Pradesh Real Estate Regulatory Authority (AP-RERA). Previously serving as the president of the Confederation of Real Estate Developers’ Associations of India’s AP chapter, Reddy resigned from that position in 2020 to champion the capital city movement during the former YSRCP government. He played a significant role in the farmers’ protests advocating for Amaravati to be established as the sole capital of the state. Additionally, the head of the Amaravati JAC’s women’s wing, Rayapati Sailaja, was appointed as the chairperson of the…

Latest StoriesRera

Karnataka-RERA Ruling Offers Hope for Distressed Plot Owners

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has ordered SL Plotted Development Projects Private Limited (SLPDPPL) to fulfill all promised amenities and ensure basic infrastructure at the Shriram Godhuli Layout project within six months, in accordance with the initial layout plan and sale deed commitments. This directive, issued on August 13, follows complaints from 52 purchasers of plots near Kathriguppe village in Chikkaballapur taluk. The K-RERA judgment notes, “The brochures, sale deeds, agreements, and submissions from complainants confirm that essential amenities—such as electricity, water, and sewage systems—are incomplete. Even key infrastructures like the overhead water tank, electricity connections, and…

Latest StoriesRera

UP-RERA Resolves 50,000+ Complaints, Tops Grievance Redressal

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has successfully resolved 50,812 consumer complaints to date, which represents nearly 40% of all real estate grievances addressed nationwide. Since its establishment, UP-RERA has received 58,545 complaints under Section 31 of the RERA Act, accounting for 39% of the national total. With a disposal rate of 85.2%, the authority has become the primary platform for homebuyers seeking resolutions for issues related to possession delays, refunds, and interest payments. Sanjay Bhoosreddy, chairman of UP-RERA, stated that the disposal rate reflects the regulator’s commitment to timely justice and the accountability of promoters.…

Latest StoriesRera

Challenge to Appointment of Himachal Pradesh RERA Chief

SHIMLA: The Himachal Pradesh High Court has issued a notice to the Sukhvinder Singh government in response to a petition challenging the appointment of former Chief Secretary R D Dhiman as the chairman of the state Real Estate Regulatory Authority (RERA). The court clarified that Dhiman’s selection will be subject to the final outcome of the petition. The petition was filed by Rajeev Verma, a former member of the state RERA, and was heard by a division bench consisting of Justice Vivek Singh Thakur and Justice Sushil Kukreja on August 20. Dhiman was appointed as RERA chief on June 25.…