GujRERA extends deadline for project quarterly returns

By Accommodation Times Bureau GUJARAT The Gujarat Real Estate Regulatory Authority (GujRERA) has extended the last date for the submission of Quarterly Returns for the quarter ending with compliance date as  April 7 to April 21, an official of Gujarat RERA said. Dr. Manjula Subramaniam, Chairperson of Gujarat RERA said, “Promoters are required

Land Cost cannot be withdrawn from Escrow in RERA Registered Projects upfront

By Dr Sanjay Chaturvedi, LLB, PhD The land cost is one of the major component in any real estate project. This needs to be invested first along with all permissible permissions which includes sanction plans, Environmental permissions, Commencement Certificates, Fire and Traffic NOC, Civil aviation NOC and TDR. It is common connotation that whatever invested or spent

MahaRERA protects homebuyer from Nirmal Lifestyle Kalyan Pvt Ltd

As per the data on MahaRERA website, more than 5 cases have been heard till now and some are still under process.  By Rohit R. Sharma MUMBAI: After the complaint filed with Maharashtra Real Estate Regulatory Authority (MahaRERA), realty firm Nirmal Lifestyle (Kalyan) Pvt. Ltd. on Tuesday directed to pay an interest

Haryana RERA to estimate 2,000 Cr from default developers

By Accommodation Times Bureau HARYANA Haryana Real Estate Regulatory Authority (H-RERA) is on a recovery mission. According to sources, the real estate watchdog has recovered almost Rs. 1,170 crore from the defaulting developers as on October 31st, 2017. The officials are reckoning that the amount will go up to Rs. 2,000 crore

UP and MP Real Estate Agents has to pay Rs2,50,000/- license fees

By Accommodation Times Bureau Every state government will impose license fees on Real Estate Agents and Brokers. Every broker or agent needs to procure license from state authority in which he will practice. Uttar Pradesh and Madhya Paradesh RERA Rules have asked License fees from Real Estate Agents Rs25,000/- fro individual

Real Estate Agents have to pay License fees of Rs 50,000/- in Karnataka

By Accommodation Times Bureau The real estate agent shall pay a registration fee at the time of application for registration by way of a demand draft drawn on any scheduled bank or a co-operative Bank as detailed below namely:- (a) within the jurisdiction of the Bangalore Metropolitan Region Development Authority, rupees fifty thousand in case

Liquidity issues for builders to worsen after RERA gets implemented: ICRA

  By Accommodation Times News Service The real estate bill mandates developers to deposit 70% of the collections from the buyers in a separate account to meet construction costs including that of land Liquidity issues for real estate developers, particularly smaller players, is likely to worsen during the initial transition phase after the

Lok Sabha clears Real Estate Bill as passed by Rajya Sabha

By Accommodation Times News Service Shri Venkaiah Naidu clarifies various issues of the Bill  Real Estate Bill is Prime Minister’s Gift to the Nation, says Shri Naidu The Bill shall have a bearing on the ongoing projects and houses 70% is for both construction cost and land cost to be maintained by the promoter