The Supertech group, however, said it did not receive the RERA’s notice issued in February and cited lockdown-related reasons for the delay in submission of the revalidated map of the premium project.
Updated on Sep 03, 2020 10:59 AM IST
Noida |Press Trust of India | Posted by: Shankhyaneel Sarkar
Real estate industry bodies CREDAI and Naredco have been demanding one time restructuring of developers outstanding loans with financial institutions to prevent bad loans and making them eligible for fresh borrowings.
Updated on Jul 05, 2020 03:01 PM IST
New Delhi |Press Trust of India | Posted by Anubha Rohatgi
The Covid-19 has stalled the construction of thousands of real estate projects, putting a stop on home sales and creating cash flow problems for developers.
Published on May 14, 2020 07:14 AM IST
Hindustan Times, Bengaluru/New Delhi |Madhurima Nandy and Renu Yadav
The regulatory authority in November 2018 had decided to rank builders and housing projects for the first time.
Updated on Apr 25, 2020 07:16 PM IST
Hindustan Times, Noida | Vinod Rajput, Noida
K-RERA has been constituted as per the parent Act which makes it compulsory to establish a Real Estate Regulatory Authority in each state and Union territory of the country.
Updated on Dec 30, 2019 04:39 PM IST
Hindustan Times, New Delhi |HT Correspondent
Himachal Pradesh chief secretary Shrikant Baldi will become the first chairman of the state’s Real Estate Regulatory Authority (RERA)—a statuatory body aimed to protect the interest of home buyers and keep check on the realtors. Baldi will assume charge after his retirement on December 31.
Published on Dec 20, 2019 10:55 PM IST
According to the law, the Rera has the right to deregister a project if the developer abandons it. After deregistration, a developer loses control of the project and the Rera has the right to either transfer rights to buyers or to a new developer.
Updated on Dec 09, 2019 02:20 PM IST
Unitech had planned housing projects in Noida’s sectors 96, 97, 98, 113, and 117. Most of these sites have become an eyesore with rusted iron grills and dilapidated civil structure for the past several years.
Updated on Dec 10, 2019 05:48 AM IST
The Himachal Pradesh government on Friday cleared a proposal to establish a Real Estate Regulatory Authority (RERA) for regulating and promoting the real estate sector in the state.
Updated on Oct 25, 2019 10:39 PM IST
In total, seven cases of Supertech, one each from APV Realty, Gaursons Promoters, Strategic Developers and Mahagun were amicably resolved, RERA said in a statement.
Published on Aug 30, 2019 11:45 AM IST
Noida |Press Trust of India
The UP-Rera has asked the Noida, Greater Noida and Yamuna Expressway Industrial Development authorities to identify more such projects, wherein homebuyers are suffering because the deadline to approve maps of these realty projects’ building maps (five years) has elapsed.
Updated on Aug 22, 2019 03:06 PM IST
Hindustan Times, Greater Noida | Vinod Rajput, Greater Noida
Security deposit has been capped to a maximum of two months’ rent in case of residential property, and a minimum of one month’s rent in the case of non-residential property.
Published on Jul 16, 2019 03:50 PM IST
Hindustan Times, Mumbai | HT Correspondent, Mumbai
Gautam Chatterjee, chairman of Maha-Rera, said, “The basic intent behind formulating the Rera Act at the central level was to create security for homebuyers who invest their life’s savings into buying a home.”
Updated on May 04, 2019 02:18 PM IST
Hindustan Times, PUNE |Parth Welankar
Since 2009, people of south Haryana had made known that successive governments had ignored the region, especially Gurugram even when it generates 60% of state’s revenue.
Updated on Apr 22, 2019 10:16 AM IST
Hindustan Times, Gurugram | Abhishek Behl
Finds builders in Zirakpur, New Chandigarh and Kharar selling properties without registration of projects
Updated on Mar 10, 2019 07:00 AM IST
Hindustan Times, Chandigarh | Munieshwer A Sagar
Rera conducted an inspection of Aranya, along with buyers, in Sector 119 to check the current status of the project. Similarly, the Rera team has in the past inspected the sites of other six projects to check the current status. The regulator has tried to help the promoters of these seven projects so that they deliver during the trial.
Published on Mar 09, 2019 03:55 AM IST
Hindustan Times, Noida | HT Correspondent
The decision comes after the promoters of these seven projects failed to deliver flats as per promises made to the homebuyers. The promoters are either out of country or not turning up to take up the responsibility, officials said. This is the first time that Rera has taken this step to help buyers get their flats in the stuck projects, Balvinder Kumar, member of Rera, said.
Published on Mar 09, 2019 03:51 AM IST
Allottees have been filing complaints at the UP-Rera’s Greater Noida office claiming deficiencies and violations by developers.
Published on Mar 05, 2019 02:18 AM IST
Greater Noida |Kapil Datta
According to officials, the move comes after the chairman of the UP Rera and its members realised that the newly formed authority needs to have more powers to resolve homebuyers’ issues in a time-bound manner without hindrances.
Published on Mar 04, 2019 02:13 AM IST
Greater Noida | Vinod Rajput
The Uttar Pradesh Real Estate Regulatory Authority said that the responsibility of forming apartment owners’ association (AOA) for different housing projects falls on the project builder. The authority also said that the builder has to form the AOA within three months of most owners shifting to the flats.
Published on Feb 25, 2019 02:40 AM IST
Hindustan Times, Greater Noida |Kapil Datta
‘Rera has bought paradigm shift in the construction sector in Pune’ says Gautam Chaterjee, chairperson Maha-Rera
The Rera act came in force in 2016. The act seeked to protect home-buyers and help boost the real estate industry
Updated on Dec 08, 2018 03:39 PM IST
Hindustan Times, Pune | HT Correspondent
The Uttar Pradesh Real Estate Regulatory Authority (UP Rera)will also likely impose a penalty against those builders who did not register their housing projects with the Rera, according to rules. The authority’s rules state that individual builders need to get their respective realty projects registered with the Rera and obtain a registration number.
Published on Nov 15, 2018 03:28 PM IST
Regulator Realty authority says it will assess builders and rate them so that homebuyers can make an informed choice. Currently, homebuyers have no data to check the antecedents of the builders and they fall prey to false promises made by dubious builders.
Updated on Nov 01, 2018 03:44 PM IST
Hindustan Times, Greater Noida |Kapil Datta
Abhinav Khare and Nupur Vadera have sent notices to GIC Housing Finance Limited for approving a loan for a flat in a building that had allegedly been constructed illegally.
Published on Sep 20, 2018 02:32 AM IST
Hindustan Times, Noida |Preety Acharya
An equilibrium between buyers and sellers will be reached eventually, but before that there may be more blood on housing street
Published on Aug 04, 2018 04:00 PM IST
Homebuyers allege that the Real Estate Regulatory Authority (RERA) has been diluted and it has become ‘toothless’.
Updated on Jul 09, 2018 02:35 PM IST
Hindustan Times, Gurugram | Dhananjay Jha
The realtor was given a month to organise a conference of allottees to prepare the plan of action, timelines for completion of the project, and for building confidence in them with the assurance that the entire remaining money to be received shall be put in the escrow account.
Updated on Jun 03, 2018 12:23 PM IST
Hindustan Times, Panchkula | Munieshwer A Sagar
Infrastructure projects, political stability and large-scale investment have helped this metro sail through recent lows amid policy changes and demonetisation.
Published on May 12, 2018 04:34 PM IST
Hindustan Times | Dipanjan Sinha
Company asked to file its statement of accounts in five days.
Updated on May 11, 2018 08:49 AM IST
An 'ex parte’ decree is one passed against a defendant in absentia. Despite service of summons, if on the date of the hearing, only the plaintiff appears before the court, the court may hear the case ex parte and pass a decree against the defendant.
Published on Apr 28, 2018 04:48 PM IST
Hindustan Times, Pune | , PuneParth Welankar