[ad_1] Representaative image BHUBANESWAR: A city-based real estate developer was show-caused by the additional district magistrate (ADM) of Bhubaneswar for not complying with an order of the Odisha Real Estate Regulatory Authority (ORERA) to compensate aggrieved homebuyers in a 2019 case. According to sources, the builder executed a multi-storied housing project in Ghatikia but failed…
[ad_1] Representative image PATNA: For the first time, a property of a defaulting promoter, confiscated by Real Estate Regulatory Authority (RERA), Bihar, will be auctioned so that the proceeds can be refunded to the aggrieved homebuyers for failure to complete its project. “The authority had confiscated the land of Agrani Homes Private Limited in Dhawalpura…
[ad_1] MUMBAI: The Maharashtra Real Estate Tribunal (MREAT) modified a MahaRERA order of 2021, which had denied interest from 2014, citing that RERA Act 2016 came into force in 2017, and granted the home buyer interest from January 2014 till date of offer of possession with OC on the actual amount paid by the home…
[ad_1] Representative image GURUGRAM: Homebuyers have alleged harassment and non-compliance by builders over a 2016 housing project, despite favourable rulings by the Haryana Real Estate Regulatory Authority (HRERA). Buyers have alleged that builders have been charging them higher interests, blaming them for the delay in the project, even threatening them with cancelling their allotments. The…
[ad_1] BHUBANESWAR: Odisha Real Estate Regulatory Authority (ORERA) has issued a list of 57 promoters who have failed to pay penalties of over Rs 6 crore imposed on them for violating different provisions of the Odisha Real Estate (Regulation and Development) Act, 2016. As per ORERA records, over Rs 6.89 crore in fines was imposed…
[ad_1] File photo NAGPUR: The Supreme Court expressed strong displeasure over the handling of a contentious case involving the registration of a real estate project under the Maharashtra Real Estate Regulatory Authority (MahaRera). The apex court has summoned Nagpur collector and tehsildar to appear before it on December 19, demanding a status update on actions…
[ad_1] Representative image PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has reached out to Pune and Mumbai suburban collectors to appoint retired tehsildars for expediting the execution of recovery warrant orders in their areas. In Mumbai suburban, approximately Rs 228 crore is yet to be recovered from 355 complaints of 73 projects, while in…
[ad_1] Representative image GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has issued a strict directive to real estate promoters, mandating submission of annual reports for their under-construction projects within 30 days. The move comes after the regulator observed widespread non-compliance by promoters, raising concerns about transparency and accountability in the sector. During a recent…
[ad_1] File photo MUMBAI: Bombay High Court on Tuesday directed all municipal corporations, councils and urban local authorities to link their websites with Maharashtra Real Estate Regulatory Authority‘s (MahaRERA) portal within three months. “This integration would enable RERA to conduct real-time verification of commencement and occupation certificates, thereby preventing forgery and protecting consumers’ interests in…
[ad_1] Representative image HYDERABAD: Telangana Real Estate Regulatory Authority (TG RERA) has directed Aliens Developers Pvt Ltd to complete their stalled Aliens Space Station project in Tellapur and hand over a flat to the complainant, Ganapathi P Gorekar, without further delay. The Authority also ordered the developer to pay interest at the rate of 10.95%…