Real Estate
Haryana Real Estate Regulatory Authority Gains Income Tax Exemption
The Central Government has granted income tax exemption to the Haryana Real Estate Regulatory Authority (HRERA) under Section 10(46) of the Income Tax Act, 1961. This exemption recognizes HRERA's role as a regulatory body rather than a commercial entity.
Real Estate
HRERA Awards Rs 65 Lakhs Compensation for 9-Year Delay in Flat Possession
The Haryana Real Estate Regulatory Authority (HRERA) has ordered a builder to pay Rs 65 lakh in compensation to a homebuyer for a nine-year delay in handing over a flat in Gurugram. The ruling highlights the accountability of developers and the rights of homebuyers.
Real Estate
HRERA Dismisses Complaint Against Sky Palazzo Project in Gurugram
The Haryana Real Estate Regulatory Authority (HRERA) has dismissed a complaint against the Sky Palazzo housing project in Gurugram due to a lack of credible evidence from the complainants. The Authority clarified that matters involving fraud or misuse of funds may still be taken up in court.
Real Estate
Punjab & Haryana HC Quashes Notification empowering HRERA Officers
The Punjab and Haryana High Court has struck down a Haryana Government notification that empowered Real Estate Regulatory Authority (HRERA) officers with enhanced powers to recover dues from unregistered projects.
Real Estate
Haryana RERA Takes Action Against Sky Palazzo Developers for Suspected Fraud
The Haryana Real Estate Regulatory Authority (HRERA) has issued a notice to the directors and officials of Sky Palazzo, a housing project, over allegations of fraud and regulatory violations.
real estate news
Haryana RERA Takes Action Against Sky Palazzo Developers for Alleged Fraud
The Haryana Real Estate Regulatory Authority (HRERA) has issued a notice to the builders of Sky Palazzo over allegations of fraudulent practices. The move is part of the regulatory body's ongoing efforts to ensure transparency and accountability in the real estate sector.
Real Estate
HRERA Issues Notice to Sky Palazzo Project: Hearing Set for April 28
The Haryana Real Estate Regulatory Authority (HRERA) has issued a notice to Sky Palazzo, a luxury residential project in Sector 88B, Gurugram, setting a hearing for April 28. The notice comes amid concerns over project compliance and regulatory standards.
Real Estate
HRERA Divided Over COVID-19 Relief for Faridabad Real Estate
The Haryana Real Estate Regulatory Authority (HRERA) is facing a divide over whether to extend a nine-month relief period to real estate projects impacted by the COVID-19 lockdown in Faridabad and other regions.
Real Estate
Jharkhand Real Estate Regulatory Authority Seeks Adjudicating Officer
Jharkhand Real Estate Regulatory Authority is inviting applications for the position of Adjudicating Officer. This is a crucial role aimed at ensuring compliance with real estate regulations and protecting the interests of homebuyers and developers.
real estate news
HRERA Enforces Strict Compliance on Annual Report Submissions by Real Estate Developers
The Haryana Real Estate Regulatory Authority (HRERA) has introduced a mandatory annual reporting requirement for real estate developers, including penalties for non-compliance, to ensure transparency and accountability in the sector.
Real Estate
Haryana RERA Imposes Rs 0.5 Million Fine for Delayed Reporting
The Haryana Real Estate Regulatory Authority (Hrera) in Gurugram has issued a stern warning to real estate promoters for failing to submit their mandatory annual reports. The authority has imposed a fine of Rs 0.5 million on the non-compliant developers.
Real Estate
H-RERA Recovery Struggles: Builders Owe Rs 800 Crore to Investors
The Haryana Real Estate Regulatory Authority (H-RERA) has issued over 1,190 recovery certificates for Rs 1,043 crore owed by builders, but only Rs 225 crore has been recovered so far. A huge Rs 800 crore remains unpaid, leaving many homebuyers in financia
Real Estate
Haryana Real Estate Authority Imposes Hefty Penalty on 1000 Trees Housing Pvt Ltd
The Haryana Real Estate Regulatory Authority (HRERA) in Gurugram has fined M/s 1000 Trees Housing Pvt Ltd a whopping INR 1.5 crore for failing to register its project despite receiving the necessary licence 12 years ago.
real estate news
Achieving Success in Real Estate through Financial Discipline
The Indian real estate market, valued at Rs 24 lakh crore, contributes 13.8% to the country's GDP. Financial discipline is crucial for project success, and lower home loan interest rates can boost demand.