AHMEDABAD: Gujarat RERA has observed serious loopholes in loan practices by builders and non-banking finance companies (NBFCs) for project loans, including mortgaging unsold inventories of other projects and even disbursement without RERA registration.The authority has decided to raise the issue with the state finance...
AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has begun issuing notices to developers for marketing their projects and accepting bookings before RERA registration, in contravention of the RERA Act. Sources said that GujRERA is going to start a mega campaign against this practice across the...
AHMEDABAD: Gujarat Real Estate Regulatory Authority (GujRERA) has initiated suo moto action against a builder for taking booking from a buyer before RERA registration. According to sources, GujRERA received a complaint from the buyer that the builder had taken Rs 1 lakh as token from him even before getting RERA...
In a landmark judgment, the Gujarat Real Estate Regulatory Authority (GujRERA) has granted dual status of allottee and co-promoter to existing society members in redevelopment projects, marking a significant shift in regulatory protection. The authority ruled in favour of a complainant, ordering a developer to...
Representative image AHMEDABAD: Gujarat Real Estate Regulatory Authority (GujRERA) has announced new banking rules to be implemented from Jan 1, 2025. According to the new rules, developers will need to maintain three bank accounts for a project to ensure transparency in financial transactions. All ongoing projects...
Representative image AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has introduced the Gujarat Real Estate Regulatory Authority (General) (Amendment) Regulation, 2024, which aims to simplify the project progress reporting system for developers. The amendments, effective Jan 1, 2025, will bring...
Representative image AHMEDABAD: Gujarat Real Estate Regulatory Authority (GujRERA) is set to ease the norms surrounding the quarterly progress report (QPR) submission for real estate projects. The updated rules, expected to be announced soon, will stop the automatic locking of project quarters if the QPR is...
Representative ImageAHMEDABAD: In a major blow to developers across Gujarat, some 1,000+ real estate project-linked bank accounts have been frozen by Gujarat Real Estate Regulatory Authority (GujRERA), over non-compliance issues. Developers of these projects have failed to meet Quarter-End (QE) compliances on...