real estate news
Gujarat RERA Mandates Refunds for Buyers in V'dara Project
The Real Estate Regulatory Authority (RERA) in Gujarat has ordered refunds for buyers in the V'dara project, addressing long-standing concerns and ensuring transparency and accountability in the real estate sector.
Real Estate Maharashtra
Understanding Deemed Conveyance: Safeguarding Buyer Rights in Real Estate
In a significant legal case, the Bombay High Court addressed the issue of deemed conveyance in the context of Blue Haven Co-op Housing Society Ltd. versus Punit Construction Company. This article delves into the implications of deemed conveyance and how i
Real Estate
ORERA Simplifies Project Closure Process for Realtors, Boosts Homebuyer Protection
The Odisha Real Estate Regulatory Authority (ORERA) has introduced a standardized project closure form and a unique mechanism to retain 1% of project costs for five years, enhancing transparency and protection for homebuyers.
Real Estate Maharashtra
Karnataka RERA Quarterly Digest: July - September 2024
The Karnataka Real Estate Regulatory Authority (KARERA) has issued several orders in the latest quarter, addressing issues such as delayed possession and refunding amounts to aggrieved homebuyers.
Real Estate Maharashtra
Real Estate Act: Builders Cannot Change Binding Clauses, MahaRERA Clarifies
The Maharashtra government's Real Estate (Regulation and Development) Act (RERA) has introduced a model agreement format to protect buyers. However, many builders modify crucial clauses, leaving buyers unaware of their rights. MahaRERA has taken steps to
Real Estate Maharashtra
MahaREAT: Builders Cannot Seize Homebuyer's Funds Without Proving Loss
The Maharashtra Real Estate Appellate Tribunal has ruled that builders cannot forfeit homebuyer's money without establishing a genuine loss due to cancellation.