One Year of GST: Real Rstate needs a few aspects to be tweaked says Hiranandani

By Dr. Niranjan Hiranandani, President, NAREDCO MUMBAI: The Goods and Services Tax (GST) has undisputedly, been the biggest reform for the Indian economy since 1947, as also a paradigm changing event for the real estate industry. On completion of the first year under the GST regime, Dr. Niranjan Hiranandani, President, National Real

Will the anguished home buyer return to under-construction properties?

By Nibodh Shetty, Consultant - Research, Knight Frank India The government has been trying hard to bring back buyer confidence for committing to under-construction properties by asking states to implement RERA, which would safeguard the buyer’s interests. Maharashtra has been the first state in India to have implemented RERA by notifying

Section 88: The complainant wants to withdraw from the project and claims his amount with interest and compensation

By Dr. Sanjay Chaturvedi, LLB, Ph.D. Mr.Kutbuddinllussscinbhai Lokhanclwala V/s Reliance Enterprises (CC006000000001634) Order dated: 4th April 2018 The complainant has filed this complaint u/s. 18 of Real Estate Regulation and Development, Act 2016 (RERA). He contends that he and his wife booked Apartment. This apartment is in the sale component of the

Registered Agreement for sale good enough for refund if possession not given as mentioned in Agreement

A promoter cannot hide behind excuses of litigations because of his own wrongdoing. By Dr. Sanjay Chaturvedi, LLB, Ph.D. Ajit Rasiklal Sanghvi V/s Shree Ram Urban Infrastructure Ltd (CC005000000001502) Order dated: 16th March 2018 The complainants have filed this complaint to get refund of their amount with interest and/or compensation paid by them

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

Whether the provisional Letter of Allotment issued by the respondents amounts to the Agreement for Sale? – Yes!

By Dr. Sanjay Chaturvedi LLB, PhD Nikhil Chopra V/s JVPD Properties Pvt. Ltd. (CC005000000001348) Order Dated 5th April 2018 by Maha RERA Maha RERA observed “The complainant has filed this complaint under Section 18 to claim a refund of his amount from the respondents with interest. The respondents issued a letter dated