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

Real Estate Regulatory Authority (RERA) Updates: November 18-24, 2024
Real Estate Maharashtra:Haryana RERA Orders Refunds for Raheja Developers Homebuyers

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

Metro Group Plans Rs 225 Cr Investment in Thane's New Housing Project
Real Estate Mumbai

Metro Group Plans Rs 225 Cr Investment in Thane's New Housing Project

Metro Group is all set to invest Rs 225 crore in a new housing project in Thane, a significant move that aims to capitalize on the growing demand for residential properties in the Mumbai Metropolitan Region. The project, named 'The Presidential,' is expec

October 29, 2024
Read Article
Navin’s Enters Bengaluru Real Estate with Antheia Poetry
Real Estate

Navin’s Enters Bengaluru Real Estate with Antheia Poetry

Navin’s, a Chennai-based real estate developer, has launched its first project in Bengaluru, 'Antheia Poetry,' offering 42 luxurious condominiums. This marks the company's expansion into one of India's most dynamic and rapidly growing cities, signaling it

November 21, 2024
Read Article
Happy New Year, Happy New Investment! Top Sectors to Watch in 2025: Infrastructure, Healthcare, and Defence
real estate news

Happy New Year, Happy New Investment! Top Sectors to Watch in 2025: Infrastructure, Healthcare, and Defence

Business news, stock market, New Year 2025, HDFC Bank, Adani Enterprises, Real Estate, Stocks, Auto, World, Education, Jobs, Lifestyle

December 31, 2024
Read Article
Exploring the Lavish Homes of Bollywood Celebrities and Cricketers in Alibaug
Real Estate Mumbai

Exploring the Lavish Homes of Bollywood Celebrities and Cricketers in Alibaug

Alibaug, a picturesque coastal town in Maharashtra, has become a hot spot for luxury real estate. Many Bollywood stars and popular cricketers have invested in sprawling villas, making it a retreat for the elite. From Virat Kohli and Anushka Sharma's Rs 32

January 16, 2025
Read Article
Omaxe Invests Rs 2,800 Crore in New Real Estate Brand 'BeTogether'
real estate news

Omaxe Invests Rs 2,800 Crore in New Real Estate Brand 'BeTogether'

Omaxe Group has announced a significant investment of Rs 2,800 crore in their new real estate brand, 'BeTogether'. This initiative focuses on collaborative projects, joint ventures, and public-private partnerships (PPPs) to enhance urban and economic deve

January 27, 2025
Read Article
Enzyme Office Spaces Boosts Its Presence in Mumbai with Strategic Partnership with SUGAR Cosmetics
Real Estate Mumbai

Enzyme Office Spaces Boosts Its Presence in Mumbai with Strategic Partnership with SUGAR Cosmetics

Enzyme Office Spaces, a leading flexible office solution provider, has announced a significant expansion in Mumbai, leveraging a strategic partnership with SUGAR Cosmetics. This move aligns with the growing demand for flexible office spaces in the city's

February 15, 2025
Read Article