Real Estate
RERA Haryana Orders Refund and Refers Case to IT Department Over Cash Payments
RERA Haryana has ordered a refund to a homebuyer and referred a case involving cash payments to the Income Tax Department, reinforcing its commitment to transparency in real estate transactions.
Real Estate
Protecting Your Rights: The Importance of Registering an Agreement for Sale in Real Estate
India's real estate sector, buoyed by a robust economy, has emerged as a pivotal player in the country's development. However, homebuyers must be aware of the legal and financial risks associated with not registering an agreement for sale. Section 18 of RERA provides crucial protections, but only if the agreement is registered.
Real Estate
Gurugram RERA Mandates Newspaper Notices for Project Registration
Gurugram RERA has introduced a new mandate requiring developers to publish newspaper notices after applying for project registration. This move aims to enhance transparency and protect prospective buyers.
real estate news
Gurugram RERA Mandates Newspaper Notice for Project Registration
Gurugram RERA has introduced a new mandate requiring promoters to issue a newspaper notice after applying for project registration, enhancing transparency and buyer protection.
Real Estate
MahaRERA Deregisters 18,693 Non-Compliant Property Agents: Ensuring Real Estate Transparency
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cancelled the registration of 18,693 real estate agents for failing to meet the necessary compliance standards. This move aims to enhance transparency and protect homebuyers in the real estate market.
real estate news
Realtors Warned Against Handing Over Incomplete Flats to Buyers in Noida
The Real Estate Regulatory Authority (RERA) has issued a stern warning to real estate developers in Noida, emphasizing that handing over incomplete flats to buyers is a serious violation of the Real Estate (Regulation and Development) Act, 2016.
real estate news
RERA: The Unfulfilled Promise of Homebuyer Protection
The Real Estate (Regulation and Development) Act, or RERA, was designed to protect homebuyers, but widespread inaction has undermined its effectiveness. Discover why this crucial regulation has fallen short.
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.
real estate news
MahaRERA Makes Developers Accountable for Amenities Delivery
MahaRERA's new directive makes it mandatory for developers to disclose detailed information about amenities, including delivery dates, in the sale deed.