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Noida: Realtors, buyers object to RERA’s occupancy certificate rule

Real estate developers and homebuyers have objected to UPRERA’s move of issuing the model format of offering possession

The occupancy certificate is applied and obtained only after the developer gets multiple non objection certificates including fire safety clearances, lift functional certificate, structure safety clearance and no dues certificate among others. (Sunil Ghosh/HT Photo)
Updated on Jun 10, 2024 06:58 AM IST

Mohali developer allowed to advertise, sell flats with riders

In July 2023, RERA, Punjab had stayed all further developments of the housing project following a complaint by Rohan Bansal, a resident of Sector 21, Chandigarh, who had accused Shaurya Township Pvt Ltd of transferring the project to Wooden Heights Developer Pvt Ltd without RERA approval

While issuing the orders, justice Mahesh Grover (retd) said that the advertisement shall carry a cautionary note about the pendency of the proceedings before RERA. (Getty Images/iStockphoto)
Updated on Apr 13, 2024 09:34 AM IST
By, Mohali

DDA luxury flats in Delhi’s Dwarka sold out, but no Rera nod yet

Over the last 15 days, over 600-odd allottees met DDA officials and also wrote to the Lt governor — who serves as DDA chairperson — to present their concerns

The penthouse flats in Dwarka’s Sector 19B in November 2023. (HT Photo)
Updated on Mar 21, 2024 05:16 AM IST

Realty body issues directives to defaulting Ggm builders to submit project reports

The authority said action would be taken against defaulting builders if rules were not complied with

The authority said that a majority of developers had not submitted reports as required under law, and this would not be tolerated any more. (HT Archive)
Updated on Feb 26, 2024 05:32 AM IST

Pay deficit amounts or will revoke registration: HRERA to Mahira Developers

HRERA on February 7 got a FIR registered against the developer and said all steps would be taken to ensure projects are completed and homebuyers get relief

An incomplete project of Mahira Homes Society in Gurugram’s Sector 68. (Parveen Kumar/HT Photo)
Published on Feb 18, 2024 10:47 PM IST

Ex-district judge Ravindra Deshpande appointed as MahaRERA judicial member

Former Osmanabad district judge Ravindra Deshpande has been appointed as the judicial member of Maharashtra Real Estate Regulatory Authority (MahaRERA) to help cope with the backlog of cases.

HT Image
Updated on Nov 23, 2023 09:14 AM IST

Real estate agents face testing times

In a first, as exam prep, real estate agents went through many workshops where they were explained the preamble, purpose and objectives of RERA Act. They participated in virtual tours of the MahaRERA portal to familiarize themselves with the basics of the trade -- how to verify promoter identity and project details, access legal titles of the property, calculate the RERA carpet area, access the building approvals like commencement certificate, the financial information about the project, any litigations against the project etc

In development havens such as Mahalaxmi, Mumbai, and others in the state, real estate agents will be allowed to operate only after they earn the certificate of competency by MahaRERA. (Anshuman Poyrekar/ HT Photo)
Updated on Sep 10, 2023 04:45 PM IST

Unregistered projects in Chandigarh to face RERA action

RERA had issued a public notice giving one month to owners of all real estate projects in Chandigarh being undertaken without requisite registrations

Unregistered projects in Chandigarh will face RERA action. (HT File)
Updated on Aug 26, 2023 04:57 AM IST
By, Chandigarh

ATS Casa Espana project: Punjab RERA awards 32 lakh to allottees aggrieved by delayed possession

300 allottees were promised flat possession by 2019, but four years later, construction is still incomplete; the order came on the plea of four allottees who had paid ₹70 lakh each for their flats to ATS Infrabuild Private Limited and Shivalik Greens Maintenance Private Limited.

The builders will also have to pay around <span class='webrupee'>₹</span>62,000 per month as interest to each allottee from July 1, 2023, until the date of obtaining the occupancy certificate from the competent authority. (HT)
Updated on Jul 16, 2023 07:33 AM IST
By, Mohali

Register projects in a month or face penalty, developers in Chandigarh told

All real estate projects being undertaken without requisite registrations will have to pay up 10% of the estimated cost of project if they fail to get registration within a month, the Real Estate Regulatory Authority (RERA) of Chandigarh has said in a public notice.

All real estate projects being undertaken without requisite registrations will have to pay up 10% of the estimated cost of project if they fail to get registration within a month, the Real Estate Regulatory Authority (RERA) of Chandigarh has said in a public notice. (HT File)
Updated on Jun 24, 2023 04:59 AM IST
By, Chandigarh

39 delisted real estate projects await final cancellation by RERA

According to the RERA Act, 2016, all real estate projects must be registered with the RERA in the respective states where they are being executed

The establishment of RERA has become a hurdle in the path of those who want to cheat commoners, Dy CM Fadnavis said. (HT PHOTO)
Updated on Jun 21, 2023 11:40 PM IST
ByNadeem Inamdar

41 lakh homes in the pipeline in state

Over 1.6 crore citizens are waiting for delivery of 41 lakh homes in the pipeline which has an estimated investment of ₹14 lakh crore, said Maharashtra Real Estate Regulatory Authority (MahaRERA) chairperson Ajoy Mehta, emphasising why regulation was required from the government.

41 lakh homes in the pipeline in state
Updated on May 11, 2023 11:52 AM IST

PSIEC plot: Industries dept mum on Punjab VB’s recommendation

The vigilance bureau made the recommendation in a demi-official letter to chief secretary VK Janjua on March 2, stating that the state government should revoke the allotment to Signify Innovations under Section (4) (20) and Section 3 (1) of the conveyance deed

PSIEC plot: Industries dept mum on Punjab VB’s recommendation
Updated on Apr 19, 2023 01:11 AM IST
By, Chandigarh

CREDAI pledges 1,000 green buildings by 2025

The Confederation of Real Estate Developers Association of India (CREDAI), an apex body of real estate developers, on Saturday announced a nation-wide partnership with the Indian Green Building Council (IGBC) and pledged to get 1,000 projects certified green buildings over next two years

CREDAI pledges 1,000 green buildings by 2025
Updated on Apr 16, 2023 01:03 AM IST

GMADA cancels allotment of 2 mega projects: Stumped investors seek answers

GMADA’s action came after developers of World Trade Center Chandigarh and Beverly Golf Avenue defaulted on payments worth ₹103 crore and ₹80 crore, respectively

In its circular issued on Thursday, GMADA had cautioned the public not to indulge in any sale/purchase/transaction in respect of any property in these two projects, adding that it will not be responsible in any manner for thesse dealings. (HT File Photo)
Updated on Apr 15, 2023 03:52 AM IST
ByMohit Khanna, Mohali

Is Bengaluru's Real Estate sector in a freeze?

A number of real estate properties are lying stagnant in Bengaluru due to oversupply and legal disputes.

Real estate in Bengaluru city is taking a hit due to low demand and oversupply. ((PIC FOR REPRESENTATION))
Updated on Mar 15, 2022 05:11 PM IST
ByYamini C S
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