Bombay HC asks Renaissance Infrastructure to pay Rs 5 crore for delay in property hand over

A single bench of Justice S C Gupte on September 25 upheld the orders of the Maharashtra real estate regulatory authority and the RERA appellate tribunal that had ordered for the compensation amount to be paid to the purchaser. MUMBAI: The Bombay High Court has directed real estate developer Renaissance Infrastructure to pay Rs 5.04 …

Haryana Rera: Lender needs 2/3rd buyers’ nod to auction project

GURUGRAM: If a developer fails to repay loans, resulting in the project being taken over by the lender – bank or any other financial institution – the lender will act as promoter and be responsible for protecting the rights of allottees, the Haryana Rera has ordered. The lender, the order adds, cannot sell the land …

Can RBI ensure banks infuse funds in Amrapali projects: SC

A bench comprising Justices U.U. Lalit and Ashok Bhushan asked the advocate for the central bank to file an affidavit in the matter clarifying the regulatory provisions. NEW DELHI: The Supreme Court on Monday asked the RBI to file an affidavit whether it can intervene to ensure that banks infuse funds to complete construction of …

Haryana RERA stays e-auction of Supertech Hues | Rera Consultants

Gurgaon bench of Haryana Real Estate Regulatory Authority has threatened to take penal action against the banks if they auction the project of any builder to recover dues, without taking the approval of the authority. The order came after PNB housing finance ltd decided to auction project of Supertech in order to recover its dues. …

Almost 75% complaints from National Capital Region in 2 years: UP RERA

Almost 75 per cent complaints lodged with the Uttar Pradesh Real Estate Regulatory Authority (RERA) in two years have been from the NCR districts, including Noida and Ghaziabad, it stated on Friday. A total of 28,020 complaints have been registered with the RERA, which had started judicial work two exactly years ago. Of these, 20,740 …

UP-RERA urge state government to fix all dues to be paid at MCLR

According to UP-RERA these recommendations if approved will help stuck or delayed projects, financial stress of various projects and reduce the disputes between home buyers and builders. NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has urged the state government to direct all development authorities and housing boards to charge interest on all …

UP RERA Vulnerable To Impose Rs 371 Lakhs Large Integer Fine For Not Giving Possession

The Uttar Pradesh assets administrative unit (UP-RERA) has issued a show-cause notice to twenty-two builders and have vulnerable to impose fine of Rs 371 lakhs for not following the order of giving possession on the given date.

UP RERA Summons Promoters of Twenty-Two Projects Comes In NCR Over Possession Delay

The state realty Regulation Authority (RERA) has summoned promoters of twenty-two comes in Ghaziabad, Noida and bigger Noida on Gregorian calendar month twenty-three over delay in returning possession of properties to consumers, officers aforesaid on Thursday. The Authority has altogether known 397 such come within the capital Region and referred to as twenty-two of them for a gathering at its larger Noida workplace, they said. This square measure comes wherever compliance of the RERA court orders concerning possession isn’t being followed. Their promoters have incomprehensible their deadlines to present possession to the complainants as explicit within their affidavits in the court, …

Center Straight Word To SC That 42000 Projects Are Registered In 30 States, Notified By RERA

The Centre has told the Supreme Court that the important Estate (Regulation and Development) Act (RERA), that is supposed to deal with grievances of home-buyers, is being enforced across the country and thirty states and Union Territories have up to now notified the foundations.