Representative imageGURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has issued 1,190 recovery certificates to reclaim Rs 1,043 crore owed to homebuyers by defaulting builders. However, despite these efforts, only Rs 225 crore has been recovered so far, covering just 261 cases. A significant Rs 800...
Representative image MUMBAI: The MahaRERA issued an order mandating the inclusion of a clause in the model form of agreement for sale, where the transaction is facilitated by a registered real estate agent, the agreement must document the commission, brokerage, charges, etc, which the promoter or allottee has...
NEW DELHI: From January 2024 to October 2024, about 220 new projects have been registered with Uttar Pradesh real estate regulatory authority (UP-RERA). A total of 190 projects were registered in the year 2023 and 215 projects in the year 2022.There has been a significant jump in the registration of new projects in...
Representative image The Conciliation Forums set up by the Maharashtra Real Estate Regulatory Authority (MahaRERA) has resolved over 1,749 matters between homebuyers and real estate developers across the state.With this, of the 5,958 complaints filed with MahaRERA, around 32% have been resolved through these 52...
Represwntative image MUMBAI: In a recent judgment, the Maharashtra Real Estate Appellate Tribunal (MREAT) directed Cidco to register itself as a promoter (Town Development) before MahaRERA within 30 days for its ongoing schemes, akin to a scheme from 2017-18, for the disposal of plots. It further directed Cidco to...
MUMBAI: A recent Maharashtra Maharashtra Real Estate Appellate Tribunal (MREAT) judgment set aside a MahaRERA order and directed the ITMC developers, promoters of the Sai Sapphire project at Vikhroli, to pay interest on an amount of about Rs 94 lakh, paid by the home buyers towards part consideration of a flat. The...
Representative imageGURUGRAM: Haryana Real Estate Regulatory Authority (HRera) has this year issued 207 arrest warrants against 20 city-based developers for failing to comply with its orders to provide compensation due to delays in handover of flats to homebuyers.H-Rera officials said police had, however, not acted...
Representative image PUNE: Maharashtra Real Estate Regulatory Authority (MahaRERA) has switched temporarily to its old Information Technology (Maha IT) website due to technical challenges faced by users on the newly launched MahaCRITI platform.The decision is aimed at avoiding inconvenience to homebuyers and other...
Representative image The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cautioned homebuyers against buying any properties in a total 314 projects registered with the authority that are undergoing proceedings at the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) of...
Representative imagePANAJI: The Supreme Court has dismissed the special leave petition of a retired district court judge, Cholu Gauns, challenging the high court order which had quashed his appointment as a member of the Goa Real Estate Regulatory Authority (Rera).The HC had also directed state govt to appoint...