Tag: RERA

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Goa RERA Orders Aansav Realty to Deliver Flat, Pay ₹15L Fine

PANAJI: The Goa Real Estate Regulatory Authority (RERA) has instructed Aansav Realty and Infrastructure Pvt Ltd, based in Margao, to finalize a sale deed and transfer possession of a 137sqm flat in the Aansav Verde project at Varca to Sonia Singh Bhardwaj, a buyer from Gurugram, within 60 days. The RERA determined that the developer had unlawfully canceled her allotment and neglected to deliver the apartment, which was due over seven years ago. RERA member Vincent D’Silva mandated the developer to pay a penalty of Rs 10 lakh for violating the RERA Act and an additional Rs 5 lakh to…

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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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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,…

Latest StoriesRegulatory

SC: RERA Fails to Act Against Defaulting Builders

NEW DELHI: The Supreme Court stated on Thursday that it is time for all states to reevaluate the formation of the Real Estate Regulatory Authority (RERA), which it claims is merely facilitating builders in default. A panel comprising Chief Justice Surya Kant and Justice Joymalya Bagchi expressed that the individuals RERA was intended to assist are “completely depressed, disgusted, and disappointed,” suggesting they would not oppose the institution’s dissolution. The remarks emerged as the bench allowed the Himachal Pradesh government to relocate the RERA office to its preferred location. The court issued a notice regarding a petition filed by the…

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Delhi REAT Urges RERA to Resolve Builder Registrations in 30 Days

NEW DELHI: Delays in processing registration applications from builders and promoters have raised corruption concerns. Delhi’s real estate tribunal has instructed the Real Estate Regulatory Authority (RERA) to make decisions—either approve or deny—within 30 days of receiving applications. “The clear directive is that the Real Estate Regulatory Authority must address applications within 30 days of receipt, making decisions based on the merits. Protracted delays violate statutory timelines and can lead to accusations of corruption and malpractice, which can be mitigated by adhering to the law,” remarked the Real Estate Appellate Tribunal last week. The tribunal reviewed an appeal from the…

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Himachal Pradesh Promotes Eco-Friendly, Affordable Housing

SHIMLA: The Himachal Pradesh government is focused on promoting systematic development to ensure affordable and eco-friendly housing options that suit the state’s mountainous geography, as stated by Urban Development and Housing Minister Rajesh Dharmani on Wednesday. Minister Dharmani chaired a review meeting of the Himachal Pradesh Real Estate Regulatory Authority (RERA). He emphasized that RERA is crucial in safeguarding consumer rights within the real estate sector and facilitating the resolution of property disputes. The authority ensures transparency by providing essential information about real estate projects to homebuyers, thereby bolstering their confidence, he added. Officials reported that there are currently 269…

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Karnataka RERA Chair: Reject Subpar Services, Citizens!

BENGALURU: Rakesh Singh, chairman of the Karnataka Real Estate Regulatory Authority (K-RERA), has warned citizens not to allow promoters to deceive them when purchasing real estate. He emphasized that they should not tolerate subpar services and can reach out to his organization for assistance in case of issues. Singh highlighted the significance of the Real Estate (Regulation and Development) Act, 2016, stating that it marked a pivotal change in India’s property landscape by providing buyers with a legal framework to safeguard their interests. He made these remarks at the RWA Excellence Seminar organized by Nemmadi.in in Bengaluru on Saturday, which…

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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…

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RERA Boosts Property Deal Transparency: Tamil Nadu Chairman

MADURAI: Homebuyers often face challenges due to a lack of information when purchasing properties. However, with the implementation of the Real Estate (Regulation and Development) Act (RERA), buyers can now easily verify project details through the official website, according to Shiv Das Meena, chairman of the Tamil Nadu Real Estate Regulatory Authority (TNRERA). Speaking at an awareness program on Saturday, Meena introduced an explanatory manual on RERA regulations, emphasizing the Act’s role in promoting transparency, accountability, and credibility in the real estate sector. He noted that RERA has revolutionized the home buying process in the state by establishing a safer…

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RERA Boosts Transparency in Tamil Nadu Property Deals

MADURAI: Homebuyers often face challenges due to limited information during property purchases. However, with the implementation of the Real Estate (Regulation and Development) Act (RERA), they can now easily verify project details via the official website, according to Shiv Das Meena, chairman of the Tamil Nadu Real Estate Regulatory Authority (TNRERA). During an awareness program held on Saturday, Meena introduced an explanatory manual on RERA regulations, emphasizing the Act’s role in promoting transparency, accountability, and credibility within the real estate sector. He noted that RERA has transformed the home-buying process in the state, establishing a secure and trustworthy investment atmosphere.…