[ad_1] MUMBAI: A recent Maharashtra Maharashtra Real Estate Appellate Tribunal (MREAT) judgment set aside a MahaRERA order and directed the ITMC developers, promoters of the Sai Sapphire project at Vikhroli, to pay interest on an amount of about Rs 94 lakh, paid by the home buyers towards part consideration of a flat. The interest has…
[ad_1] Represwntative image MUMBAI: In a recent judgment, the Maharashtra Real Estate Appellate Tribunal (MREAT) directed Cidco to register itself as a promoter (Town Development) before MahaRERA within 30 days for its ongoing schemes, akin to a scheme from 2017-18, for the disposal of plots. It further directed Cidco to register as a promoter (TD)…
[ad_1] Representative image The Conciliation Forums set up by the Maharashtra Real Estate Regulatory Authority (MahaRERA) has resolved over 1,749 matters between homebuyers and real estate developers across the state. With this, of the 5,958 complaints filed with MahaRERA, around 32% have been resolved through these 52 Conciliation Forums in the state, often leading to…
[ad_1] NEW DELHI: From January 2024 to October 2024, about 220 new projects have been registered with Uttar Pradesh real estate regulatory authority (UP-RERA). A total of 190 projects were registered in the year 2023 and 215 projects in the year 2022. There has been a significant jump in the registration of new projects in…
[ad_1] Representative image MUMBAI: The MahaRERA issued an order mandating the inclusion of a clause in the model form of agreement for sale, where the transaction is facilitated by a registered real estate agent, the agreement must document the commission, brokerage, charges, etc, which the promoter or allottee has agreed to pay the real estate…
[ad_1] Representative image GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has issued 1,190 recovery certificates to reclaim Rs 1,043 crore owed to homebuyers by defaulting builders. However, despite these efforts, only Rs 225 crore has been recovered so far, covering just 261 cases. A significant Rs 800 crore is yet to be recovered. H-Rera…
[ad_1] Representative image GURUGRAM: H-Rera has ordered four prominent developers — Raheja Developers, Ramprastha Developers, Tashi Land Developers, and Sunrays Heights — to deliver flats to their buyers within 90 days and pay approximately 11% annual interest on investments. Rera also issued a warning that non-compliance will result in legal proceedings. The regulator’s investigation of…
[ad_1] Representative image BENGALURU: A petition against a service provider before Karnataka Real Estate Regulatory Authority (K-Rera) is not maintainable, the high court observed recently. It made this observation while allowing a petition filed by M/s Columbia Pacific Communities Pvt Ltd. Bengaluru. The petitioner, engaged in the business of providing specialised senior-care services, was collecting…
[ad_1] Representative image HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has directed Sensation Vijetha Infra Developers to refund a buyer and also imposed a penalty of 2.26 lakh for failing to complete a project on time and not registering it with the authority. In her complaint, G Swetha said an MoU was signed with…
[ad_1] Representative image HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) imposed a penalty of Rs 15 lakh on Jayabheri Properties Private Limited for providing incorrect information about ongoing litigation concerning the land for its ‘The Pinnacle’ project. The order was issued on Nov 4 by TGRERA led by retired IAS N Satyanarayana. TGRERA declined…