The Bombay High Court has directed Maharashtra's civic bodies to link their websites with MahaRERA for real estate verification and ensure the timely uploading of certificates.
SEBI has issued a ₹26 crore demand notice to Reliance Big Entertainment for unpaid penalties in the RHFL fund diversion case, with a 15-day deadline for payment.
RERA allows builders to apply for project extensions in cases of force majeure or reasonable circumstances, ensuring transparency and accountability.
MahaRERA has ordered Godrej Properties to refund booking amounts in multiple cases, reinforcing its commitment to protecting homebuyers and promoting fairness in real estate transactions.
The IBBI has proposed reforms to improve insolvency resolution in the real estate sector, focusing on protecting homebuyers, streamlining the transfer of ownership, and enhancing transparency.
SEBI has proposed significant changes to enhance the operational framework for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), including allowing interest rate derivatives and recognizing fixed deposits as cash equivalents.
The Madhya Pradesh High Court ruled that once a civil suit is filed, revenue courts must cease proceedings on the matter, reinforcing the primacy of civil courts in land disputes.
The Enforcement Directorate has attached ₹23 crore in assets linked to the Lotus 300 case in Noida, addressing allegations of funds mismanagement affecting homebuyers of the upscale residential project.
H-RERA is facing challenges in enforcing recovery from defaulting developers, with a large portion of funds still outstanding, impacting homebuyers financially and emotionally.
The Noida Authority's new registration rules mandate a tripartite agreement at the point of sale, enhancing transparency and protecting homebuyers by providing immediate legal recourse.
MahaRERA’s new mandate formalizes real estate agents' roles in property transactions, requiring sales agreements to specify commissions and broker fees, which could reduce disputes and enhance accountability.
This article explores the responsibilities of promoters under RERA, highlighting their role in ensuring transparency, accountability, and compliance in real estate projects to protect homebuyers.
MahaRERA's conciliation forums have successfully resolved 1,749 disputes between homebuyers and developers, offering a faster and more cost-effective alternative to litigation.
The Maharashtra government has approved the conversion of over 11,000 PCNTDA properties to freehold, allowing property holders full ownership rights and easing redevelopment and financing issues.
When purchasing a home, it's crucial for buyers to verify essential property documents, such as the title deed, sale deed, and occupancy certificate, to avoid legal disputes and financial losses.
The NCDRC ordered Godrej Projects to refund over Rs 4 crore to homebuyers due to failure in delivering promised infrastructure, including a 24-meter-wide road in the "Godrej Summit" project, Sector 104, Gurgaon. The ruling holds the builder accountable for a deficiency in services and delays.
MahaRERA directed L&T Realty to refund two homebuyers of the Crescent Bay project, deducting only 2% of the total amount, following delays in possession.
YEIDA has introduced a new policy banning the transfer of industrial and institutional plots until construction is completed and operations commence to curb speculative trading and promote genuine industrial growth.
UPRERA's quarterly compliance requirements mandate developers in Uttar Pradesh to submit updates on project registration, construction progress, and inventory, fostering transparency and accountability in the real estate sector.
The Rajasthan High Court ruled that developers cannot sell properties without providing essential amenities like water, drainage, and electricity, directing authorities to certify residential areas before sales.
The Supreme Court of India has ruled that input tax credit (ITC) will be allowed on construction costs for commercial properties intended for leasing, providing significant financial relief for businesses.
UPRERA has introduced key measures to safeguard homebuyers, including mandatory QR codes for project transparency, stricter possession rules, and penalties for non-compliant developers.
Karnataka's real estate sector faces a significant challenge, with only 12% of ₹627 crore recovered from developers for delayed projects.
YEIDA has mandated that all property sales be conducted through registered agreements, replacing unregistered agreements to enhance buyer protection and transparency.
The Supreme Court of India has criticized the Real Estate Regulatory Authority (RERA) for its ineffectiveness, labeling it as a "rehabilitation centre for former bureaucrats,".
Homebuyers in India facing delayed housing projects can seek relief through RERA, consumer courts, or insolvency proceedings. With around 412,000 stressed residential units, delays often arise from regulatory and financial challenges. Legal options include seeking compensation under the sale agreement or the Consumer Protection Act, and homebuyers are advised to consult legal experts for the best course of action.
The Greater Chennai Corporation plans a 6% property tax hike to address its financial strain and fund infrastructure projects.
The Karnataka High Court has issued notices to the state government, BBMP, and other involved parties over EWS Quarters project, where 1,512 families claim they were deprived of their land and housing.
The Haryana Shahari Vikas Pradhikaran (HSVP) has blacklisted 18 architects for violating occupancy certificate (OC) norms, issuing illegal certifications for buildings with four floors despite restrictions.
Mr. Manoj Saunik has been appointed as the new Chairman of MahaRERA, succeeding Mr. Ajoy Mehta, and is expected to focus on enforcing regulations and addressing over 17,000 unresolved complaints in Maharashtra's real estate sector.
The introduction of the Detailed Business Information Statement (DBIS) by the REIT Association enhances transparency and accountability in the REIT sector, providing investors with comprehensive insights into financial and operational aspects.
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has established a division bench in Lucknow, led by Sanjay Bhoosreddy, to handle complaints involving multiple allottees, associations, and cross-complaints by promoters.
The Greater Visakhapatnam Municipal Corporation (GVMC) is enhancing revenue by targeting unassessed and underassessed properties, significantly boosting property tax collections.
The GST Council's 54th meeting introduced the Reverse Charge Mechanism (RCM) for commercial property rentals, shifting GST liability from landlords to tenants to prevent revenue loss.
The Supreme Court of India has mandated the Agra Development Authority to compensate Dharmendra Sharma ₹15 lakh due to its failure to provide essential Completion Certificates and fire safety clearances for a flat.
Credai Bengaluru's memorandum to the Karnataka government proposes key reforms like a single window clearance system, streamlined plan approvals, and lower stamp duty rates to improve real estate development efficiency.
Investing in Indian real estate requires understanding key RERA regulations to ensure transparency and protect buyers' interests. These 10 essential rules help buyers make informed decisions and safeguard their investments.
Downloading the certificate involves accessing your state’s RERA website, logging in, and retrieving the document, which verifies project legitimacy and adherence to regulatory standards.
Noida's recent amendments to building by-laws, allowing taller structures, promise to reshape the city's skyline and address rising demand for space amid its expanding population.
Maintaining RERA compliance is crucial for real estate agents in Delhi, requiring timely re-validation and renewal of their registration certificates.
Indian property law, deeply rooted in historical and cultural contexts, governs the ownership, transfer, and inheritance of property through key statutes like the Transfer of Property Act and RERA.
Karnataka's 'Anywhere Registration' system, starting September 2, 2024, will streamline property transactions by allowing registrations at any location in the state.
Builders' Association of India (BAI) is a prominent organization formed to promote healthy competition among builders.
The FPCE has raised concerns about MahaRERA's new Conciliation Forum, arguing that it exceeds legal authority and may favor builders over consumers due to imbalanced representation.
MahaRERA has introduced a mandatory Quality Assurance Certificate for developers, aimed at elevating construction standards and enhancing transparency in the real estate sector.
UP RERA has warned promoters of around 400 real estate projects for failing to upload essential land records and maps, potentially placing these projects on an abeyance list to ensure transparency and protect homebuyers.
The BBMP has been granted the authority to attach bank accounts of property tax defaulters under the new 2024 rules, marking a significant shift in Bengaluru's tax recovery strategy.
The RBI has introduced tighter regulations for Housing Finance Companies (HFCs), aligning them with Non-Banking Financial Companies (NBFCs) to enhance financial stability.
BBMP's new PG regulations aim to improve safety and living conditions, but residents are calling for stricter fire safety measures and better enforcement to address ongoing concerns.
The Bombay High Court upheld Maya Alagh's right to pay a rent of ₹805 per month for her Malabar Hill apartment, highlighting the ongoing complexities of India's rent control laws. This
Over 50,000 Real Estate Cases Pending in Consumer Courts, Reveals Government Data
4,165 Candidates Successfully Pass Real Estate Agents Exam, MahaRERA Declares
UP RERA Implements Mandatory Training and Certification for Real Estate Agents
MahaRERA Mandates Delivery Date for Amenities and Occupation Certificate
The Chennai Metropolitan Development Authority (CMDA) To Introduce Deemed NOCs for High-Rise Buildings
The RERA Numbers: Key Insights and Registration Stats Across India
The Ongoing Cycle of Demolition and Reconstruction of Farmhouses in Raisina,Gurugram
Bihar Implements Comprehensive Safety Regulations for Lifts and Escalators
The Raipur Municipal Corporation (RMC) has directed all real estate developers to construct at least 50 rainwater harvesting pits using innovative technologies in their respective townships.
Major Advances in India's Real Estate Sector Through RERA: Insights from the Economic Survey 2023-24
Maharashtra Government Relaxes Open Space Requirements for Glass Facade Buildings
Uttar Pradesh RERA Introduces QR Code System for Real Estate Projects to Enhance Transparency
Maharashtra Government Reduces Penalty for Stamp Duty Underpayment: Essential Details for Homebuyers
Builder Ordered to Pay Homebuyer ₹1.1 Lakh for Delay in Possession By Chandigarh State Consumer Disputes Redressal Commission
UP-RERA Directs Authorities to Refrain from Issuing Temporary Occupancy Certificates
Delhi High Court Issues Notice in Yuvraj Singh's Plea for Sole Arbitrator
SEBI Seeks Public Input on Proposed Amendments to REIT and InvIT Rules
Haryana RERA Imposes 5 Crore Penalty on Vatika Limited for Registration Delay
Supreme Court Calls for Uniformity in Builder-Buyer Agreements to Protect Home Buyers
MahaRERA Fines Over 600 Housing Projects for Non-Compliance Of Displaying Registration Numbers
GujRERA Freezes 1,000 Builders’ Accounts for Non-Compliance
Haryana Government Approves Construction of Stilt and Four Floors in Few Specific Residential Sectors
Rajasthan Government Establishes New Committee for Impartial Probe into Single Lease Cases
MahaRERA Directs Real Estate Developers to Maintain Three Bank Accounts for Every Project to Safeguard Buyers’ Interests
C.M. Yogi Adityanath Calls for Building Bye-law Reforms to Boost Hotel Industry in Uttar Pradesh
Developers of 195 Projects Set Up Grievance Redressal Cells to Handle Homebuyers' Complaints; MahaRERA Review
UPRERA To Accept Only Written Complaints From Homebuyers
Standardized Possession Letter Format Introduced by UP RERA For Transparency and Clarity in Real Estate Transactions
Revocation of Registration Under RERA Act, 2016: A Detailed Overview
MahaRERA Suspends Registration of 1,750 Lapsed Real Estate Projects in Maharashtra
Learn the importance of verifying RERA registration for real estate projects and agents to ensure legal protection, transparency, and financial security when buying a home.
MahaRERA's recent order mandates that developers specify the size, type, and location of parking spaces in allotment letters, ensuring transparency and legal protection for homebuyers.
The Karnataka Real Estate Regulatory Authority (KRERA) has ordered the owners' association to take over and complete the delayed Commune One project in Bangalore after the developer and financier violated regulatory orders.
MahaRERA has suspended 20,000 real estate agents in Maharashtra for not meeting competency certification requirements.
MahaRERA's three-level scrutiny process is a comprehensive review system designed to safeguard the interests of homebuyers and enhance the credibility of housing projects.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has drafted minimum physical specifications for retirement homes and senior citizen housing projects.
MahaRERA introduces a draft regulation mandating self-certification for real estate projects, focusing on structural integrity, material quality, and fire safety.
The Greater Noida Authority has warned developers to complete flat registries promptly or face consequences.
Conciliation forums established under UP RERA play a crucial role in resolving property disputes and ensuring fairness in the real estate industry.
The Shimla Municipal Corporation has extended the property tax payment deadline to July 15th, 2024, addressing administrative hurdles amid staffing shortages.
In the dynamic realm of real estate development in India, the concept of force majeure emerges as a pivotal legal principle, profoundly influencing contractual agreements and project timelines.
MahaRERA's innovative use of QR codes in the real estate sector of Maharashtra is a game-changer, providing easy access to crucial project details for homebuyers and stakeholders.
Discover the significance of Encumbrance Certificates (ECs) in real estate transactions, understanding their role in verifying property ownership and legal obligations.
Dive into the legal intricacies of addressing stalled real estate projects under RERA.
Discover the critical implications of neglecting Quarterly Progress Reports in the fast-paced world of real estate development.
In March 2024, the Greater Noida Industrial Development Authority (GNIDA) completed registries for 1,366 flats across 16 housing projects, following recommendations from the Amitabh Kant committee.
Discover the significance of Title Verification in real estate transactions to ensure a clear and marketable property title. Navigate the complexities of chain of title, encumbrances, and legal considerations.
Explore the comprehensive guide distinguishing between home insurance and home warranty for first-time homebuyers.
Unlock the secrets of successful commercial real estate transactions with our comprehensive guide
Explore the intricacies of property transactions and legal inheritance through this guide on Relinquishment Deeds.
Explore the revolutionary impact of MahaRERA's recent introduction of a three-level scrutiny for housing project registrations.
Unlock the path to homeownership with this comprehensive financial roadmap for first-time buyers. Learn how to boost your credit score, set a realistic budget,
Crucial legal tips for first-time property buyers in India, covering aspects such as engaging a real estate lawyer, conducting thorough due diligence, reviewing sale agreements etc.
MahaRERA has issued a groundbreaking mandate—promoters must secure a single registration number for each standalone project.
This comprehensive guide explores key facets of tenancy laws in India, with a focus on the Model Tenancy Act 2021.
Unlocking RERA: Empowering Homebuyers with Rights, Duties, and Transparency in Indian Real Estate
This guide provides step-by-step instructions on filing complaints in RERA Uttar Pradesh, ensuring transparency, accountability, and swift dispute resolution.
Real estate agents play a vital role in the real estate sector, connecting property buyers and developers and facilitating most transactions. The Real Estate (Regulation and Development) Act of 2016 recognizes them as key stakeholders, alongside buyers and developers.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken a pioneering step by introducing draft model guidelines to regulate retirement homes in the state, aiming to address issues like misleading advertisements and inadequate facilities for the elderly. These guidelines, aligning with the Ministry of Housing and Urban Affairs (MoHUA) 2019 model, focus on enhancing the living conditions in retirement homes through provisions on building design, accessibility, and safety measures. Key features include mandatory elevators with audio-visual aids, wheelchair-friendly infrastructure, safety measures such as gas leak detection systems, and emergency power backup. MahaRERA's initiative not only seeks to improve the standard of living for seniors in Maharashtra but also sets a precedent for similar regulations across India, promoting a dignified and secure living environment for senior citizens. Public suggestions are invited until February 29th to further refine these guidelines.
