Now Promoters Can Surrender Licenses If Unable To Develop Colonies

By Accommodation Times Bureau The Punjab Cabinet on Wednesday approved a policy to allow promoters to surrender their licenses in case they are unable to develop colonies or complete development works in colonies. The policy was necessitated in view of the difficulties faced by such promoters. According to an official, “These promoters will now

Reason beyond the control of Promoter, due to which the completion of the project has got delayed, not maintainable

Are Commercial units covered under RERA? By Dr. Sanjay Chaturvedi, LLB, Ph.D. Hitesh Parthviraj Mehta V/s Point Developers Pvt. Ltd (CC006000000001226) Order dated: 8th January 2018 The Complainant has purchased a commercial unit bearing no. 5 in the respondent s project 'Business point' located at Chembur, Mumbai through an agreement for sale dated

There must be Agreement for Sale to claim refund and Interest thereof u/s 18

By Dr. Sanjay Chaturvedi LLB, PhD Naim Kamaruddin Shaikh and others V/s JVPD Properties Pvt. Ltd. (CC006000000001358 & others) Oder dated 29th December 2017. The complainants have filed these complaints for getting a refund of the booking amount paid by them, as according to them the respondents have failed to deliver the

Investors are Promoters!

By Dr Sanjay Chaturvedi, LLB, PhD Mahesh Pariani V/s Monarch Solitaire LLP (CC006000000000789) Order 16th Oct 2017 by Maha RERA The Complainant has invested some amount in the residential Project known as Monarch Solitaire' and reserved four apartments in the said Project in 2014. The said Project is registered under Maha RERA

Bihar RERA to take help of Housing Authority for survey of projects

By Accommodation Times Bureau PATNA Hunting for exact data of ongoing building construction projects, the Real Estate Regulatory Authority (RERA) of Bihar will approach Housing Department, State Urban Development and DMs for assistance in carrying out a survey for the data. RERA-Bihar chairman Afzal Amanullah said in a press conference that, “The purpose