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.
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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.
Impact of Real Estate Regulatory Authority (RERA) in Real Estate Brokers
From 1st May onwards, every real estate agent has to register his or her name as per the Real Estate (Regulation and Development) Act (RERA). The law was amended and brought into action by the government for the fair practice in the real estate industry. Under the RERA Act, the real estate agents who have …
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Maharashtra’s real estate regulatory authority to start functioning from May 1
Consumers are keenly looking forward to the rules regarding registration of developers under Real Estate Regulatory Authority (RERA) even as the housing regulator’s appointment was cleared by the state government on Tuesday. The regulator had to be appointed before April 30. The rules regarding the establishment of the housing regulatory authority were notified and the …
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UP, Gujarat dilute new realty law
States led by UP and Gujarat have begun diluting provisions of the Real Estate (Regulation & Development) Act, which notify the rules for regulation of the sector. Both states have let off most ongoing real estate projects which have been delayed for long and remain a worry for thousands of home buyers awaiting delivery. While …