Recent decisions by various state RERA authorities highlight the ongoing efforts to protect homebuyers' rights and ensure compliance by developers. This week, notable actions include refunds, penalties, and settlements in Haryana, Telangana, West Bengal,
Real EstateReraHomebuyersDevelopersRefundsReal Estate MaharashtraNov 27, 2024
Haryana RERA ordered Raheja Developers to refund three homebuyers who purchased flats in the Raheja Revanta Project in 2012. The refunds include interest due to the significant delay in handing over possession.
Telangana RERA imposed a penalty of ₹17.88 lakhs on Sterling Homes for delays in project completion and deviations from the sanctioned plan, particularly the merging of a clubhouse facility meant for Phase I homebuyers with Phase II.
The West Bengal REAT facilitated a settlement between Smt. Seema Pandey and the builder, M/s P.S. Group Realty Pvt. Ltd., regarding the termination of her flat booking due to non-payment of the total consideration on time.
Karnataka RERA directed Ozone Urbana Infra Developers to refund ₹1.08 crores to A Hanumantha Char, who faced delays in receiving possession of his flat in the Bengaluru Rural project.
Maharashtra RERA directed the Pune Housing and Area Development Board to rectify structural defects in a project within 30 days, as per the complaint filed by Sharad Agrawal.
Kolte-Patil Developers results, Kolte-Patil Developers profit, Atul Bohra, Pune, Mumbai
Brandon Miller, a prominent New York real estate developer, died by suicide last month, leaving behind a shocking financial crisis that exposed the dark reality behind his luxurious lifestyle.
Developer associations, such as CREDAI (Confederation of Real Estate Developers Associations of India), have formally submitted proposals to the Housing Minister, urging the implementation of reduced stamp duty to stimulate the property market and support
The competitive and dynamic real estate market in the UAE, particularly in Dubai, is a challenging arena. However, Fajar Realty, under the leadership of Kiran Khawaja, has established itself as a benchmark of excellence in the industry.
January 9, 2025: Cushman & Wakefield, a leading real estate services firm in India, has announced the appointment of Moinuddin Patel as the Managing Director for Pune. Moinuddin will focus on driving growth and enhancing client relationships in the region
The Maharashtra government, under the leadership of Deputy Chief Minister Ajit Pawar, has announced a massive Rs 36,000 crore allocation in the state budget for initiatives aimed at empowering women and girls. This move is a significant step towards bridg