NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has introduced a facility on its portal that allows homebuyers to report instances where promoters collect payments in accounts other than the designated project collection account.As per regulations, promoters are mandated to...
Rpresentative imageThe Real Estate Regulatory Authority’s (RERA) failure to recover the penalty imposed on defaulting builders has become a cause of concern among the home buyers in the state. Latest reports show that an alarming amount of arrears owed by builders to homebuyers remains uncollected. Despite...
Representaative image BHUBANESWAR: A city-based real estate developer was show-caused by the additional district magistrate (ADM) of Bhubaneswar for not complying with an order of the Odisha Real Estate Regulatory Authority (ORERA) to compensate aggrieved homebuyers in a 2019 case.According to sources, the builder...