AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA ) has levied penalties totalling about Rs 3.5 crore on developers for breaching norms related to RERA-mandated bank accounts, intensifying regulatory action against builders who failed to deposit homebuyer funds as required under the...
GANDHINAGAR: The Gujarat Real Estate Regulatory Authority and the state urban development department have begun integrating GujRERA-registered real estate projects with town planning and development plan data, with monitoring through the PM Gati Shakti platform to improve service delivery.GujRERA,...
AHMEDABAD: Gujarat Real Estate Regulatory Authority (GujRERA) has held that a developer must pay maintenance charges for unsold units to a housing society from the date Building Use (BU) permission is granted until the units are sold to allottees.In an order involving a housing service society in...
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...
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....
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...