BENGALURU: Karnataka’s real estate regulator is not facing a shortage of funds, but it is increasingly losing control over its own regulatory corpus.While Karnataka Real Estate Regulatory Authority (K-Rera) continues to generate steady revenue through project and agent registrations, penalties and...
BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has directed a builder to transfer the land’s khata, BESCOM meters, water meters, corpus fund, balance of escrow account, and render accounts regarding maintenance to authorised association of allottees formed under the laws...
PATNA: The district administration and the local municipal body have launched a joint inspection of housing projects in the city after satellite imagery revealed that 29 builders were allegedly flouting Real Estate Regulatory Authority (RERA) norms.The action was disclosed by district magistrate (DM)...
BHUBANESWAR: In a significant relief to homebuyers, landowners, and promoters across Odisha, the State Government has issued a Special Order to facilitate the registration of apartment units in projects completed prior to the implementation of the Real Estate (Regulation and Development) Act (RERA)...
LUCKNOW: Uttar Pradesh Chief Minister Yogi Adityanath on Monday directed officials to simplify legal provisions related to corporate restructuring, Limited Liability Partnership and real estate transactions under RERA, saying the legal framework should be aligned with changing economic and business...
NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has advised homebuyers and investors to verify project details and assess their financial capacity before investing in real estate.The authority said property purchase decisions should not be made on the basis of advertisements,...
MOHALI: The Real Estate Regulatory Authority (Rera) has directed a builder to refund excess maintenance charges of Rs 5.45 lakh collected from allottees and obtain mandatory Completion and Occupation Certificates, while allowing a complaint filed by a residents’ body.The authority also ordered the...
PUNE: The Maharashtra govt’s initiative to fast-track the recovery of dues for aggrieved homebuyers has hit a roadblock. Despite the appointment of dedicated revenue recovery officers in key districts five months ago, collections have increased by a meagre Rs10 crore.Data from the Maharashtra Real...
AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has written to the roads and buildings (R&B) department asking if it has extended the timelines for any govt civil works owing to the West Asia crisis, sources said. Real estate associations have been pressing GujRERA to grant a...
MOHALI: In a significant ruling, the Punjab Real Estate Regulatory Authority (RERA) has directed a real estate promoter to pay around Rs 25 lakh as delay interest to homebuyers, holding that project timelines must be counted from the initial booking date rather than the execution of the sale...