Oct 04, 2021 01:00 PM IST
SC says builder-buyer agreement important to protect homebuyers
- Sep 06, 2021 11:58 AM IST
The Forum For People's Collective Efforts has demanded that Maharashtra, Uttar Pradesh and Karnataka roll back the extended deadlines and no state be allowed to offer such relief to builders at this cost of homebuyers
- Aug 28, 2021 03:49 PM IST
Super built-up area includes broadly the space outside the apartment like clubhouse, gym, lobby, etc. The gap between “super area” and “carpet area” is called “loading.”
- Jul 29, 2021 11:20 AM IST
Homebuyers hope that constitution of Authorities, Appellate Tribunal and web page as envisaged under RERA will also follow soon
- Jul 28, 2021 06:08 PM IST
There is a lot of work to be done to streamline the understanding of the provisions of RERA, increase stakeholder confidence through greater transparency and improve the grievance redressal process as 30 percent of consumers surveyed were still unaware of RERA’s role as a regulator, the survey shows.
- Jul 21, 2021 08:06 PM IST
Mishra said states have been asked to implement the Model Tenancy Act, which was passed by the Union Cabinet in June, at the earliest.
- Jul 20, 2021 08:11 PM IST
It said that despite more than two months, RERA has not been implemented in the state and is causing immense hardship to homebuyers.
- Jul 12, 2021 08:56 AM IST
Complaints against developers as well as real estate agents can be made, provided they are registered with the respective real estate regulation authority
- Jul 09, 2021 09:48 PM IST
Failures of Karnataka RERA outweigh benefits derived from it, FPCE says in a letter to the state government
- Jun 08, 2021 04:16 PM IST
Not even 10% projects that were ongoing in 2016 when RERA was enacted have been completed and few refund orders issued by Authorities have been executed, they said
- May 28, 2021 06:35 PM IST
Regarding increase in prices of steel and cement, the housing secretary said he had taken up the matter with the concerned ministry and would do so again
- May 19, 2021 04:59 PM IST
Builders have also asked the housing ministry to issue a directive to all states to extend the validity of all the existing approvals.
- May 11, 2021 03:46 PM IST
Experts say that if an extension is granted on account of the second wave, it may lead to several projects getting delayed by more than a year and that may have monetary implications on both developers and homebuyers as no financial safeguards or moratoria are available this time around
- May 05, 2021 04:52 PM IST
Uttar Pradesh has disposed of the most complaints in four years (nearly 26,510 cases), followed by Haryana with 13,269 cases and Maharashtra with 9,265 cases; the three states together accounted for 75 percent share of disposed cases.
- May 04, 2021 11:22 AM IST
The court said homebuyers who purchased properties under the state law before its verdict need not worry as their registration and other acts will remain valid
- Mar 27, 2021 12:29 PM IST
Should developers tell buyers the truth about project delays and risk a few cancellations, or withhold the facts and risk stoking the rumour mill? The choice is more obvious than they think
- Mar 23, 2021 09:03 AM IST
West Bengal is the only state in the country that has not accepted RERA, which came into effect on May 1, 2017, exactly a year after it had been passed by the Parliament. It has implemented its own act titled West Bengal Housing & Industrial Regulation Act 2017 (WB-HIRA).
- Mar 08, 2021 02:37 PM IST
Appeal to BJP to declare in their party manifesto for the upcoming West Bengal polls that they would repeal WBHIRA in case they were to form the government
- Feb 20, 2021 03:06 PM IST
Stickers for elevators, one swimming pool instead of six, an ugly block of apartments in place of a park—there are thousands of instances of builders failing to deliver on promises. Buyers can seek legal help but can avoid the mess by doing some due diligence.
- Feb 12, 2021 05:57 PM IST
He replaces Gautam Chatterjee whose term came to an end last month
- Feb 08, 2021 04:28 PM IST
This model of homebuyers taking over stuck projects is becoming popular and once some of the projects do get completed, it could become a test case for other projects to emulate
- Jan 12, 2021 06:44 PM IST
Supreme Court also holds that incorporation of unreasonable clauses in the agreement constitutes an unfair trade practice under the Consumer Protection Act; clarifies that buyers have the right to choose one remedy in case “two concurrent remedies” are available
- Jan 12, 2021 12:24 PM IST
The ministry floated the draft model tenancy law in July 2019. It proposes to establish an independent authority in every state and Union Territory for registration of tenancy agreements and even a separate court to take up all tenancy-related disputes.
- Dec 30, 2020 10:36 AM IST
Tailwinds from the government’s incentives towards affordable housing, property price correction in key metro cities, lowest interest rates and ample liquidity in the system are factors that point to improving sales prospects in the quarters ahead
- Nov 18, 2020 12:08 PM IST
The total development cost of the 65-acre project is approximately Rs 9,000 crore which may be borne through internal accruals, acquiring debt or through contributions from promoters