CREDAI seeks centres help to set up RERA tribunals

By Accommodation Times Bureau MUMBAI Confederation of Real Estate Developers’ Associations of India (CREDAI) is formally known for realty developers’ body. CREDAI has sought the governments’ involvement for setting up tribunals in all across the country, through a letter to Hardeep Singh Puri, Minister for Housing and Urban Affairs. CREDAI said in a

Building is already occupied and therefore is not required to be registered with Maha RERA

By Dr. Sanjay Chaturvedi LLB, Ph.D. Sejal Gandhi V/s Jayant Narendra Mehta (CC006000000000615) Maha RERA Oder dated 21st September 2017. The complainant alleged that the Respondent has not registered her building Kamala Vihar CHS situated at Kandivali (West) with Maha RERA, in spite of the building not having received occupancy certificate. The

Whether fully constructed building without constructing common areas and without providing agreed amenities but occupied by all flat purchasers without occupancy/completion certificate as on the date of commencement of RERA, amounts to ongoing project? Yes!

By Dr. Sanjay Chaturvedi LLB, Ph.D. Parag Pratap Mantri V/s Green Space Developers (CC0050m000000136) Order dated 5th February 2018 by Maha RERA The complainant alleges that though the respondents have not received completion certificate of E-wing/ building, they have not registered the same with Maha RERA and thereby they contravened Section 3

Land Cost cannot be withdrawn from Escrow in RERA Registered Projects upfront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

Maha govt sets up tribunal against MahaRERA

By Accommodation Times Bureau MUMBAI The housing department released a notification on 28th informing that the government of Maharashtra has set up a tribunal to hear an appeal against the rulings of Maharashtra Real Estate Regulatory Authority (MahaRERA). Maharashtra Revenue Tribunal located in Mumbai has designated the responsibility by the government. This Tribunal formed

Maharashtra leading ahead of all states ,in signing up for RERA

By Accommodation Times Bureau By receiving the 9,687 applications for real estate projects; Maharashtra has taken the lead among states and Union Territories for the total number of registrations; under the Real Estate (Regulation and Development) Act (RERA). In the state nearly 7,200 real estate agents have also applied for registration, whereas

NAREDCO & CREDAI support RERA, urge developers to follow norms

  By Accommodation Times Bureau National Real Estate Development Council(NAREDCO) will not move court against the implementation of Real Estate Regulation and (Development) Act (RERA), even with regard to ongoing projects, as it helps build confidence among buyers, said its president Parveen Jain. Confederation of Real Estate Developers’ Association of India (CREDAI) has