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RERA News
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UP RERA has provided all the information about the promoters on its portal. Here a step by step guide on how to check builders credentials before deciding to purchase property.
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Not updating quarterly progress reports of projects amounts to violation of the relevant provisions of the RERA Act, UP RERA Chairman Sanjay Bhoosreddy said.
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HREAT has recovered Rs 39.88 crore from errant developers.
HRERA has recovered Rs 8.61 crore from errant developers.
The authorities refunded buyers over the last four years from 2019 to May 2023.
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The real estate developer, separately, has been slapped with a penalty of Rs 3.05 crore on charges of misappropriation of Rs 60.57 crore funds collected from home buyers in three different projects, RERA said.
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UP RERA has taken major action against the builders for not completing the project on time. UP RERA has imposed a fine of 1.77 crores on different real estate companies.
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Indian cities are in a transitional phase.
Property prices are anticipated to rise in the nearby future.
Property invest is regarded as a secure investment.
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RERA issued orders to developers to refund Rs 50 crore.
Developers had failed to give flats in a stipulated time period.
The refund has to be done in 90 days along with 9.7% interest.
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Other objectives of the session were to inform home buyers about proceedings of the Authority as per the RERA Act.
The offline session was joined by president, secretary and other members of NEFOMA, NEFOWA, FPCE, CRONA, FED-AOA Ghaziabad and NOFAA.
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UP RERA took the decision at its 94th meeting under the chairmanship of Rajiv Kumar.
UP RERA noted that the Section-40(1) of RERA Act and Rule-23 of U.P. RERA.
The authority said that the amount recovery based on its orders is being collected via concerned District Magistrates.
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A controversy erupted after a RERA report on real estate developer Ajnara's Le Garden project showed that 100 per cent of the work has been completed on its club, swimming pools, among other works.
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UP RERA had reviewed the status of compliance of its orders by the promoters.
The promoters are also directed to deposit the penalty amount within 30 days.
Otherwise, the amount of penalty shall be recovered as arrears of land revenue, the authority warned.
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This will bring down stamp duty price
It's in favour of homebuyers
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Noida builders fail to deliver on promises
District administration tough on RERA violation
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Issuing a notice to as many as 201 properties in Noida and Greater Noida, the Gautam Buddha Nagar DM has appealed to the homebuyers to not buy these properties.
As per the official order, the seizure happened after real estate builders had failed to comply with the orders of the real estate regulatory authority (RERA) to submit the land dues.
22 real estate properties were seized from Dadri in Greater Noida.
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Want to purchase your dream home?
Five things to be mindful before buying house.
Check your builder, cibil score and more.
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The authority has been hearing the complaints through virtual mode under the e-courts system keeping in view the need for containment of the COVID-19 pandemic in line with the directions of the Centre and the state government.
The decision for putting in place a hybrid system of hearings was taken during the RERA's 59th meeting on Friday which was chaired by Chairman Rajive Kumar to discuss issues related to home buyers and builders in the state.
He said many home buyers and their legal counsels had been seeking physical hearing instead of the online mode.
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Pronouncing its judgment in the case pertaining to pending projects of Amrapali Group, the Supreme Court on Tuesday faulted banks, Noida and Greater Noida authorities for the ongoing mess at the real estate company. Watch this video to know more.
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Canceling Amrapali's Real Estate Regulatory Authority (Rera) registration, the apex court has asked state-run NBCC to complete pending projects of Amrapali Group.
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The move is aimed to give single page-single click information to home buyers across the country which will help them get know all the current updates regarding housing sector.
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The Minister also hoped that RERA will be implemented in all the states of north eastern region very soon.
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