The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued a directive to developers, prohibiting the handover of incomplete or 'bare shell' flats. This move aims to protect homebuyers and ensure that properties meet the necessary standards before being handed over.
Up ReraReal EstateIncomplete FlatsHomebuyersConstructionReal EstateMay 15, 2025
A 'bare shell' flat is an incomplete property that lacks essential amenities such as plumbing, electrical wiring, and basic finishes. These flats are not ready for immediate occupation and require additional work by the buyer to make them habitable.
Homebuyers who receive an incomplete flat can report the issue to their local RERA office. They can also seek legal advice to understand their rights and options for resolving the problem.
Developers who violate the directive may face legal action, including the suspension or revocation of their RERA registration. They may also be required to pay fines and compensate homebuyers for any losses incurred.
The Real Estate (Regulation and Development) Act, 2016 (RERA) is a regulatory framework established to protect the interests of homebuyers and ensure transparency, accountability, and efficiency in the real estate sector. It mandates that developers adhere to agreed terms and conditions and deliver properties that meet the specified standards.
Homebuyers can protect themselves by thoroughly reviewing the terms and conditions of their property purchases, understanding the regulations, and reporting any instances of incomplete flat handovers to their local RERA office. It is also advisable to seek legal advice if necessary.
Manoj Bajpayee's property portfolio takes a hit as he sells his Mumbai apartment for ₹9 crore. The actor's real estate investments have been making headlines lately.
India's student housing market is on the brink of significant growth, driven by a surge in higher education enrolments and the increasing need for reliable accommodation in education hubs.
Mumbai's commercial real estate market is experiencing a significant surge in redevelopment activity, driving a rental housing market boom and pushing developers to adopt sustainable practices.
Bollywood superstar Akshay Kumar has sold his luxury apartment in Oberoi Sky City, Mumbai, for a significant profit. The sale incurred a stamp duty of Rs 26.1 lakh and registration charges of Rs 30,000. This follows his earlier sale of another unit in the
Puravankara, a leading real estate developer, has seen a significant portion of its revenues coming from western India, particularly from cities like Pune and Mumbai. The company is expanding its footprint with new launches and phases, contributing to its
The Maharashtra state government has taken a significant step towards modernizing real estate transactions by approving a bill to facilitate online stamp duty payments. This move is expected to boost the market, particularly for gated communities, which a