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 …

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 …

The Influence of RERA on Real Estate Agents

This year, the market for real estate has got completely silent showing no signs of continuous transactions as was the case last year. Nowadays, it has become almost impossible for the sales individuals in the field of real estate to meet their targets of selling properties. The problems that the developers and realtors are facing …

RERA Consultants- CRAI or Campaign for RERA Awareness in India

The Indian government has come up with a game changing modification in the real estate arena of India. This game changing improvement is called the Real Estate (Regulation & development) Act or RERA. One of the most important objectives of this Act is bringing about accountability, transparency and further enhancing professionalism in the industry for …

Is Ahmedabad Will RERA Push Property Prices Up?

By the year 2016 in the month of May 1, RERA act taken into force in the real estate field, hence the real estate agent consider a short-supply and albeit temporarily, as fresh realty project launches is get belated on account of current stricter terms and conditions. Here the short-supply joined to develop the major construction …

RERA may Revive Real Estate Sector in Second Half, say Experts

After May 1, when the Real Estate Regulatory Act (RERA) is in place, the realty sector will likely see an uptrend with slight price correction, say industry players and stakeholders. This is likely as genuine buyers may pitch in on the back of an improved consumer climate and lower home loan rates. “Considering the present …