[ad_1] PATNA: The Real Estate Regulatory Authority (RERA), Bihar, on Friday imposed a penalty of Rs 50,000 each on seven promoters for publishing advertisements of their respective projects without including the mandatory RERA registration number and the Authority’s website address, as required under the RERA Act. In a first-of-its-kind order, each promoter has been directed…
[ad_1] BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera), set up to safeguard homebuyer interests, has failed to recover Rs 666 crore — or 88% — of the Rs 758 crore it had ordered builders to pay their customers under the head of refund for incomplete/delayed projects, among other things. As on Dec 31, 2024,…
[ad_1] NAGPUR: In a major boost to transparency in Maharashtra’s real estate sector, the number of developers updating their housing project details on the Maharashtra Real Estate Regulatory Authority (MahaRERA) website has surged from a mere 0.02% in January 2023 to an impressive 62% at present. The sharp rise in compliance is attributed to MahaRERA’s…
[ad_1] GURUGRAM: The Real Estate Regulatory Authority (Rera) in the state has imposed a hefty penalty of Rs 50 lakh on Birla Estates Pvt Ltd for promoting an unregistered housing project, violating key provisions of the Real Estate Act of 2016. The regulatory body found that Birla Estates had begun advertising its upcoming group housing…
[ad_1] BHUBANESWAR: In yet another stern action, the Odisha Real Estate Regulatory Authority (ORERA) has imposed a fine of Rs 1 crore on a developer for allegedly taking a booking amount of Rs 1 lakh from a homebuyer without obtaining the registration certificate from ORERA. Hearing the case suo motu, a three-member bench of ORERA…
[ad_1] GURUGRAM: The Haryana Real Estate Regulatory Authority (H-Rera) this month ordered the developer of a residential project in Sector 103 to refund Rs 5.8 lakh paid by a homebuyer to book a flat in 2019 along with annual interest of 11% for failing to honour its commitments. HRera gave the ruling after the homebuyer…
[ad_1] PUNE: Maharashtra Real Estate Regulatory Authority (MahaRERA) has told Pune collector Jitendra Dudi to fast-track long-delayed warrant orders against errant developers to recover Rs 177.40 crore in 212 cases filed against 103 projects in the district. The intervention of MahaRERA chairman Manoj Saunik comes after nearly a year of delays attributed to elections. The…
[ad_1] SHIMLA: Former deputy advocate general Vinay Sharma has filed a complaint in the state vigilance and anti-corruption bureau against former chief secretary Shrikant Baldi. He is seeking a thorough probe into the financial transactions made during Baldi’s tenure as Real Estate Regulatory Authority (RERA) chairperson over the last five years. The complainant has also…
[ad_1] Representative image HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has imposed a penalty of 2.5 lakh on DLF Gayatri Developers, a joint venture between Gurgaon-based DLF India Limited and Hyderabad-based Gayatri Infra Private Limited (GIPL), and three other real estate entities for marketing and selling plots without registering their project under TG…
[ad_1] File photo MUMBAI: The Maharashtra Real Estate Appellate Tribunal (MahaREAT) set aside a MahaRERA order, which rejected complaints of eight homebuyers stating that the disputes between the complainants, regarding the ‘One Park Avenue‘ project in Thane, and the respondents, are of a civil/criminal nature. The complainants paid advance amounts in 2012, but the first…