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

Transactions before 1st May 2017 having no jurisdiction of RERA

By Dr.Sanjay Chaturvedi LLB, Ph.D. Maulik Vyas V/s Dipesh Bhagtani (CC005000000000367) Maha RERA Order dated 27th December 2017. The Complainants contend that they booked a flat no. 1001 in Bhagtani Serenity on 25ft August 2014. Since the project was extremely delayed and they were in urgent need of money, they unilaterally cancelled

Is Allotee under allotment letter mentioned as “Investor” is real investor to be treated as Co-promoters?

By Dr Sanjay Chaturvedi, LLB, PhD  Mr. Ketan Gagra V/s JVPD Properties Pvt. Ltd (CC006000000001312) Order Dated: 11th April 2018 The complainants have filed these complaints under SecfLon7,72 & 14 of the Real Estate (Regulation and Development) Act, 2015 (RERA) to claim refund of ttteir amount from the respondents with interest. The

Telangana Govt to study Maha, Karnataka models for RERA Act implementation

By Accommodation Times Bureau HYDERABAD The Telangana government has issued the order stating that, to study the procedure being followed by Karnataka and Maharashtra for execution of Real Estate (Regulation and Development) Act it has constituted an expert committee for it. An official release on Monday said,  Arvind Kumar, Principal Secretary, Municipal Administration

MahaRERA appoints 2 Adjudicating Officers on its Panel

By Accommodation Times Bureau MUMBAI The Government on Tuesday in its vide Notification No. REA.2017IC.R.79IDNP-2 dated 1't March 2017 has constituted Maharashtra Real Estate Regulatory Authority (MahaRERA). Whereas in accordance with the provisions of Section 71 of RERA Act, 2016 for the purpose of adjudicating compensation under Section 72, 74, 78 & 19,

Karnataka RERA issues 477 notices to promoters so far

By Rohit Sharma KARNATAKA Karnataka Real Estate Regulatory Authority has issued 477 notices to those promoters whose projects are not registered with the regulator and are under investigation. According to the official website of Karnataka RERA, “Till now, 447 projects are under investigation and more projects may be added or deleted based on

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 rohit@accommodationtimes.com 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