Real Estate Regulatory Authority (RERA) Updates: November 18-24, 2024
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
The Haryana Real Estate Regulatory Authority (Haryana RERA) has directed Raheja Developers to refund three homebuyers who purchased flats in the Raheja Revanta Project in 2012. The homebuyers, including Arvinder Singh Aneia and Preeti Aneja, decided to withdraw from the project after the builder failed to hand over possession for over seven years. The bench, comprising member Ashok Sangwan, has ordered the refunds with interest.
Telangana RERA Imposes Penalty on Sterling Homes
Telangana RERA has imposed a penalty of ₹17.88 lakhs on Sterling Homes Private Ltd for delays and deviations from the sanctioned plan. The complaint, filed by Allam Nagaraju and 14 others, was heard by a bench including Justice Dr. N. Satyanarayana (Chairperson), K. Srinivasa Rao (Member), and Laxmi Narayana Jannu (Member). The builder merged the clubhouse facility intended for Phase I homebuyers with Phase II, leading to the penalty.
West Bengal REAT Facilitates Settlement
The West Bengal Real Estate Appellate Tribunal (WB REAT) facilitated a settlement between a builder and a homebuyer over the termination of a flat booking. In the case of Smt. Seema Pandey versus M/s P.S. Group Realty Pvt. Ltd., the bench, comprising Justice Rabindranath Samanta (Chairperson) and Dr. Subrat Mukherjee (Member), oversaw the settlement. The homebuyer's booking was terminated due to non-payment of the total consideration on time.
Karnataka RERA Orders Refund for Delayed Possession
Karnataka RERA has directed Ozone Urbana Infra Developers to refund ₹1.08 crores to a homebuyer who faced delays in possession. The complaint, filed by A Hanumantha Char, was heard by a bench including Neelmani N Raju (Member). The homebuyer, who purchased a flat in the builder's Bengaluru Rural project, was expecting possession by June 2023 but faced significant delays.
Maharashtra RERA Directs Rectification of Structural Defects
Maharashtra RERA has directed the Pune Housing and Area Development Board (PHADB) to rectify structural defects in a project within 30 days. The complaint, filed by Sharad Agrawal, was heard by a bench including Mahesh Pathak (Member). The authority has ordered the necessary corrective measures to ensure the project meets regulatory standards.
Frequently Asked Questions
What actions did Haryana RERA take against Raheja Developers?
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.
Why did Telangana RERA impose a penalty on Sterling Homes?
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.
What was the outcome of the West Bengal REAT case involving Smt. Seema Pandey?
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.
How much was the refund ordered by Karnataka RERA in the case of A Hanumantha Char?
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.
What did Maharashtra RERA direct the Pune Housing and Area Development Board to do?
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.
Related News Articles
GST Council Proposes Exemption on Accommodation Services for Students and Working Professionals
The 53rd GST Council meeting has recommended exempting accommodation services having a value of supply up to ₹20,000 per person per month from goods and services tax.
Omaxe Reports Significant Loss Despite Income Surge in Q4 FY24
The leading real estate developer in North India
Mumbai's Lower Parel: A Hub of Luxury Real Estate Dominated by the Lodha Group
Vishal Bhargava, an active tracker of Mumbai's real estate trends, sparked a lively debate on social media about the significant impact of the Lodha Group on the transformation of Lower Parel. The area, once an industrial hub, now boasts luxury commercial
Real Estate Stocks Look Attractive Amid Rising Consolidation and Healthy Demand
Organised developers are witnessing an improvement in their cash flow generation post-COVID
SuperHumanRace and CREDAI Maharashtra Collaborate to Launch Regional Emissions Reduction Initiative
SuperHumanRace, a leading environmental advocacy group, and CREDAI Maharashtra, the apex body of real estate developers in the state, have joined forces to launch a regional emissions reduction initiative. The launch event, held in Mahabalipuram on Januar
Vascon Engineers Launches Rs 300-Cr Luxury Project in Mumbai
Vascon Engineers, a prominent EPC and real estate company, has made a significant foray into Mumbai's luxury property market with the launch of 'Vascon Orchids', a Rs 300-crore residential project.