Indian Real Estate is the best asset to invest: Hiranandani

By Rohit Sharma In an exclusive interview with Dr Niranjan Hiranandani, Found & CMD, Hiranandani Communities, various aspects of Real Estate markets and development were detailed. He is also President (Nation), National Real Estate Development Council (NAREDCO), which works under the aegis of Ministry of Housing & Urban Poverty Alleviation, Government of

Pune’s residential real estate market continues to be in a state of stress: Rohit Gera

By Accommodation Times Bureau Gera Development on Wednesday presented Gera Pune Residential Realty Report for July 2018, which revealed that the steep drop in the number of new apartments being launched has led to a reduction in the total inventory under development as well as a reduction in the absolute number

Standard Operating Procedure (S 0 P) for handling complaints (Part B)

By Dr Sanjay Chaturvedi, LLB, Ph.D. PART B Source Information on projects, which ought to have been registered but have not registered For project. which ought to be registered but have not been registered. the Authority shall request information from citizens in following manner. -Citizens shall be requested to email, details of the said

Clarification on Calculation of Carpet area as defined under section 2(k) of RERA

By Dr. Sanjay Chaturvedi, LLB, Ph.D. Ref: - Section 2(k) of the Real Estate (Regulation and Development) Act, 2016 Preamble:- The government of India has enacted the Real Estate (Regulation and Development) Act, 2016 and all the sections of the Act have come into force with effect from May 1, 2017. The government

20:80 Subvention Scheme covered under Section 18 if Agreement for Sale is Executed

By Dr. Sanjay Chaturvedi, LLB, Ph.D. Naman Agarwal & Others V/s Reliance Enterprises and Dewan Housing Finance Ltd (CC006000000001788) Order dated: 28th March 2018 The complainants have filed this complaint u/s. 18 of Real Estate Regulation and Development, Act 2016 (RERA). They contend that they booked Apartment No. 904, A-Wing of Respondent

Whether the Arbitration Agreement will oust the jurisdiction of Maha RERA and whether the complaint filed by a co-purchaser is maintainable?

By Dr. Sanjay Chaturvedi, LLB, Ph.D. Ganesh Lonkar V/s D.S. Kulkarni Developers Ltd. (CC005000000000317) Order Dated: 26th December 2017. The Complainant contends that he and his wife booked a flat no. 4-602 in DSK Mayurban, situated at Pune and the respondents promised to give its possession on or before 30th June 2017.

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

Agreement for Sale was executed in MOFA hence no jurisdiction of RERA?

By Dr. Sanjay Chaturvedi LLB, Ph.D. Avinash Saraf, Neha Duggar Saraf V/s. Runwal Homes Pvt. Ltd (CC006000000000032) Order dated 13th Oct 2017 The Complainants contend that they have paid 97% of total consideration of the said flat. The respondent has specified in the agreement of sale that the possession of the flat