PUNE: The execution of recovery warrants issued by Maharashtra Real Estate Regulatory Authority (MahaRERA) remains sluggish across the state, with just a third of the total amount due to homebuyers recovered so far.Official data as of last week shows that against Rs 791.55 crore to be recovered in...
GURUGRAM: Haryana Real Estate Regulatory Authority (H-Rera) has directed the developer of Spectrum One in Sector 58 to settle long-pending assured returns and formalise property titles for the investor duo. It ordered the release of pending dues within 90 days, with interest.In a detailed order...
AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has implemented a comprehensive standard operating procedure (SOP) to make the grievance redressal process faster, more transparent, and well-organised for property buyers and other stakeholders.The new SOP is based on a digital-first...
KOLKATA: The West Bengal Real Estate Appellate Tribunal in Kolkata recently held that a home buyer cannot claim GST refund from the developer on payment made for a property once the purchase deal is terminated. It must be claimed from the GST authority.An allottee, Malabika Bhoumic, agreed to buy a...
AHMEDABAD: Even after getting an extension, only 79% of developers submitted annual reports of financial statements for 2024-25, according to GujRERA (Gujarat Real Estate Regulatory Authority) sources. The authority has implemented a penalty structure for developers who are not following the rules....
BENGALURU: The Karnataka Home Buyers’ Forum demanded the state government to ensure compliance of the Section 17 of Real Estate (Regulation and Development) Act, 2016 by the promoters and builders in the state for the benefit of home buyers.As per Section 17 of the Act, promoters are required to...
BHUBANESWAR: Odisha Real Estate Regulatory Authority (ORERA) has initiated the process to induct a civil engineer, who is expected to carry out extensive verification of different real estate projects to safeguard homebuyers’ interests and establish transparency.According to ORERA, the civil...
RAIPUR: In possibly a sign of urbanisation making deeper inroads in Madhya Pradesh or a continuation of favoritism of successive govts, several major realty projects in the state are shifting from capital city, Bhopal, to the CM's native turf Ujjain. The number of realty projects in Ujjain has...
BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has dismissed an appeal filed by a city-based realtor and upheld an Odisha Real Estate Regulatory Authority (ORERA) order requiring the promoter to obtain the completion and occupancy certificates (OC) for its duplex project in...
NOIDA: Uttar Pradesh Real Estate Appellate Tribunal on Friday directed the promoter of a residential cluster, which is part of a township in Greater Noida's Sector 27, to pay delay interest to homebuyers and refund charges collected for the township's master club and golf course.The promoter has also...