Rera Update

Rera Update Latest news and updates on Real Estate in India

Consumer Court directs Amrapali Centurian Park HomeBuyers to join petition
10/02/2018

Consumer Court directs Amrapali Centurian Park HomeBuyers to join petition

Acting on the complaint filed by Amrapali HomeBuyers Group, the National Consumer Disputers Redressal Commission has accepted the petition against delay in possession against M/S Amrapali Centurian Park Private Limited. Over 700 homebuyers have approached the NCDRC , asking it to intervene to proct

Supreme Court denies bail to Sanjay Chandra, asks Unitech to deposit Rs. 1000 Crore
23/10/2017

Supreme Court denies bail to Sanjay Chandra, asks Unitech to deposit Rs. 1000 Crore

The Supreme Court on Monday declined to accept the bail request of Unitech's promoter Sanjay Chandra and directed the real estate company to submit Rs 1,000 crore to demonstrate its bonafides. Declining the bail application, bench including Chief Justice Dipak Misra, Justice DY Chandrachud Justic

Supertech Capetown project, Noida: Supreme Court asks builder to pay 1.1 crore to homebuyer
17/10/2017

Supertech Capetown project, Noida: Supreme Court asks builder to pay 1.1 crore to homebuyer

The Supreme Court now will ensure that it will be an extreme time for real estate organizations and developers on the off chance that they neglect to hand over their projects to purchasers at the right time. Taking a dive in this issue, the summit court has asked real estate firm Supertech Ltd to re

Jaypee homebuyers get possession letters; 2300 flats to be delivered by December
17/10/2017

Jaypee homebuyers get possession letters; 2300 flats to be delivered by December

More than 1,150 homebuyers in Jaypee's Wish Town and Kosmos have gotten ownership letters in the course of the last two months when Jaypee Infratech was conceded for insolvency by the National Company Law Tribunal. Company sources said that amid August and September, around 950 ownership letters wer

RERA on Friday ordered developer Runwal Homes to pay back Rs 1.94 crore with interest to a flat buyer
14/10/2017

RERA on Friday ordered developer Runwal Homes to pay back Rs 1.94 crore with interest to a flat buyer

In perhaps the biggest payout under the Real Estate (Regulation & Development) Act (Rera) so far, the state housing regulator on Friday ordered developer Runwal Homes to pay back Rs 1.94 crore with interest to a flat buyer. The complainants, Avinash Saraf and Neha Duggar Saraf, approached the reg

directs builder to pay for delaying the possession of the flat
13/10/2017

directs builder to pay for delaying the possession of the flat

The Maharashtra Real Estate Regulatory Authority (RERA) has guided Nirmal Lifestyle Designers to pay a loan interest to a homebuyer for postponing the ownership date by almost two years. The builder should pay interest from May this year until the date of ownership. The complainant, Ravi Nair, h

Aamby Valley auction: Supreme Court annoyed by Sahara Group’s letter to Police
13/10/2017

Aamby Valley auction: Supreme Court annoyed by Sahara Group’s letter to Police

The Supreme Court today took the solid special case to the Sahara group composing a letter to the Pune police raising the issue of lawfulness at its Aamby Valley property, which is experiencing a court-ordered auction process. Observing SEBI's charge in such manner, a bench headed by Justice Dip

MahaRERA directs two developers to refund homebuyers at MCLR rates
10/10/2017

MahaRERA directs two developers to refund homebuyers at MCLR rates

Maharashtra Real Estate Regulatory Authority (MahaRERA) has asked 2 builders Jangid Constructions and Neptun Developers Ltd to refund the claimants their invested amount for delaying the delivery of flats at 2% more than SBI’s highest prevailing Marginal Cost of Lending Rate (MCLR). In first case

Maharashtra RERA refuses to give any more extensions for registration of projects
07/10/2017

Maharashtra RERA refuses to give any more extensions for registration of projects

Builders will no longer be able to register their ongoing real estate projects with the MahaRERA (Maharashtra Real Estate Regulatory Authority), as the authority members have decided to not to increase the extension for the process. After facing the criticism for lack of response to complaints on

UP Govt assures delivery of 20,000 flats by December
06/10/2017

UP Govt assures delivery of 20,000 flats by December

Three minister committee appointed by Uttar Pradesh government has assured the delivery of 20,000 flats to the homebuyers, giving them the much needed relief. This was decided in a meeting that took place in Delhi on Thursday with the concerned officials to discuss roadmap for delivery of flats.

Haryana property buyers unhappy as RERA authority is yet to set up
06/10/2017

Haryana property buyers unhappy as RERA authority is yet to set up

Even after the 2 months since Real Estate Regulation and Development Act (RERA) came in effect, Haryana government has not set a permanent RERA authority and created a website for facilitating the RERA regulation. Though the rules were notified by the state on 28 July, interim authority was regis

Residential sales reduced by 35% in 8 major cities; new launches drops by 83%
05/10/2017

Residential sales reduced by 35% in 8 major cities; new launches drops by 83%

Sales of residential property reduced by 35 % across 8 major cities of India in the last quarter (July-September) as there is a continuous slowdown in demand in the real estate market, said research company PropEquity. Residential sales were around 22699 units during 3rd quarter of 2017-18 in 8 m

Address

New Delhi

Website

Alerts

Be the first to know and let us send you an email when Rera Update posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category