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: 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: 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...
AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) issued a directive to a nationalised bank, preventing it from seizing properties belonging to allottees in a case involving a builder's loan default. The authority emphasised that allottees have rights over the property and instructed the bank to...
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...