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Rera Filing

Appellate Tribunal tells Marg properties to register its project as an ongoing project with TNRERA

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June 09, 2018

Based on a complaint filed by a home buyer Tamil Nadu Real Estate Appellate Tribunal has directed Marg Properties to enroll his project with TNRERA as an ongoing project. The project was kept outside from purview of RERA as the project was declared as a structurally completed building by the directorate of town and country planning (DTCP). An official statement said the tribunal has directed Marg Properties to register the same as an ongoing project with TNRERA within 15 days from the date of receipt of the order.

For More Visit: www.rerafiling.com

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Projects registering in September to pay minimum Rs 2 lakh penalty in Maharashtra!

September 11, 2017

MahaRERA on Friday issued an order regarding the conclusion of the Meeting held for deciding the penalties on applications received after 16 th August 2017 for ongoing projects. The Authority has decided to keep the penalty amount same for the project applications between 16 th August and 31 st August. However, the amount of penalty on ongoing project registrations from September onwards will be twice as much of the previous amount, i.e., Rs 2 lakhs or an amount equivalent to double the registration fee, up to Rs 10 lakhs. Around 800 ongoing project applications have been received between 16 th August and 31 st August, which will have to pay a minimum Rs 1 lakh penalty and about 54 applications of ongoing projects have been received since the beginning of September, which are required to pay double penalty. For More Details visit: RERA FILING

Consumer Organization entreat CM for appellate tribunal

December 31, 2017

The Akhil Bhartiya Grahak Panchayat, a consumer organization has urging the CM, Devendra Fadnavis in written to form an appellate tribunal for handling the RERA cases. The Organization has stated, the buyers and builders have to take their cases in High Court. Mr.Vijay Sagar, the president of the Organization said, the absence of appellate tribunal causing inconvenience to buyers. For admitting the case they have to pay higher charges and also have to face a delay in the hearing. “The citizen has to approach HC for appealing their case, they have to struggle for their rights,” he said. It has been seven months after implementing the RERA, but yet there is no establishment of the appellate tribunal for the citizens. It would be helpful to citizens to as soon implement the appellate tribunal for address the RERA cases, stated in a letter. For More Visit: www.rerafiling.com

Leased vs. Purchased vs. Co-Working Office Spaces

November 09, 2017

All the businesses whether they are growing, small businesses or start-ups may someday come up with the question of leasing versus buying versus co-working office space. As everything has pros and cons, this question has many pros and cons and a small business owner needs to carefully look at the pros and cons of leasing or buying or co-working office space. To make your decision easier, here are few key facts of leasing versus buying office versus co-working space:- The Pros of Buying Office Space 1) Fixed Costs: Fixing in your commercial long-term debt can give your business clear, fixed costs. You don’t have to give the rent as per the decided terms whatsoever. It will be a onetime investment. 2) Tax Deductions : The costs of owning and running an office space can provide tax reductions in the form of debt interest, property taxes and other items. 3) Additional Source of Income : Renting out extra office space from your office can offer the advantage of another so...