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 …
Category Archives: Latest Real Estate News
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 …
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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 …
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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. …
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