Rera Filing

The Government of Punjab has decided to welcome applications for registration under RERA on  31 st July as well, which is a state holiday in Punjab on account of Martyrdom Day of Shaheed  Udham Singh. The applications will also be received on                                                                           29th , which is a Saturday.                                                                       This will help the real estate developers of                                                 ...

UP’s RERA portal, which was launched by CM Yogi Adityanath on Tuesday morning, received a lot of backlash from the website’s visitors within the first 24 hours of going live. Reportedly, there were more than 15,000 complaints submitted on the portal This also created a lag on the UP RERA website which created more trouble for the registrants. For More Details: RERA FILING

The Bombay High court on Wednesday, ordered registrations to be completed within the set deadline, 31 st July, in response to a petition filed by few builders questioning the validity of the new Regulatory Act. This makes it clear that the deadline is not going to be extended in the state of                                                                                 Maharashtra, which had  started with the                                                                           onset of month of May this year. Pending                       ...

Haryana Real Estate (Regulation and Development) Act rules were clarified and approved off by the Haryana cabinet on Tuesday chaired by the Chief Minister Manohar Lal Khattar. The Haryana Government Is expected to launch the RERA portal sooner after this meeting, as this was the final consideration on RERA by the cabinet. Real Estate Developers in the state have already been worried for the deadline ending with the                                                                   month  of July.                                                               For More Details: RERA FILING

With just four days left for the registration to end, Uttar Pradesh CM Yogi Adityanath launched the RERA portal for the state today. This is a big rescue for all the builders and promoters as the registration will help them set going for the projects both ongoing as well as new. Also after such delay, a small window of extension is also expected by the state                                                                              realtors.                                                                    The UP RERA portal also helps the registrant                     ...

A report released by the National Housing Bank (NHB) for the quarter January - March 2017, indicated towards the low in property prices in Ludhiana. According to the report, the prices fell down by 7.8% compared to the last month of previous year. Property prices also saw a fall in Kolkata, Delhi as well as Surat earlier this year. The main facet of the fall of prices is considered to be demonetization. For More Detail: RERA FILING

With less than a week left for the registration process of Maharashtra RERA to come to a hold, the chairman elect of the Maharashtra RERA Gautam Chaterjee has informed that there are not going to be any extensions in the forthcoming deadline of 31 st July. With a total of 6 days left in meeting the deadline, not more than 1,500 projects have                                                                     been registered  out of the estimated 10,000.                                                                   Notably, the RERA registrations had started                           ...

With nothing quite seeming to be at place with the RERA registration process under state governments, the Haryana cabinet is expected to analyze the RERA Act on table today. This will include discussions on different aspects of the Acts such as the actions on ‘pending projects’ , ‘pricing’ and ‘terms and conditions’ ,before it is finally implemented in the entire state. For More Details: RERA FILING

The Chief Executive Officer and the Director of the realty estate giant, Amrapali Group, has been arrested on being accused of non payment of labour cess woth more than Rs 4 crore. This comes after a final recovery notice was sent to the officials in March, following which the police had to take the necessary step under laws. Also, the Noida office of the Group has also been sealed for the time being.                                                                For More Details: RERA FILING

The New Delhi Municipal Council (NDMC) in the early March of this year scrapped the license of the hotel, on account of non-payment of the license fee, in a meeting led by the Delhi CM Arvind Kejriwal. However, the operating company of Le Meridien, CJ International Hotels have been in dispute with the NDMC as soon as they overtook possession of the property.                                                               For More Details: RERA FILING

The National Institute of Urban Affairs (NIUA) has been given the task to prepare the framework of the Master Plan of Delhi’s development by the Delhi Development Authority (DDA). The NIUA needs to submit the complete structure within the set deadline of 48 months. The structure will be implemented in the Master Plan that has been assigned to carry                                                                      Delhi’s development till  2041.                                                                      This is set to help the future projects of                       ...

According to the surveys of property in the States, Indians are yet again among the top buyers of residential property. Indians have invested over $7.7 billion in the 12-month period which ended with March this year and rank 5 th among the others. Chinese citizens have emerged to be the top investors in the residential property in the US with a total investment of more than $31 billion.                                                               For More Details: RERA FILING

Buyers of property in Punjab are awaiting the implementation of the 3 per cent cut in stamp duty charges, against the current 6 per cent cut, which was announced by the Punjab state government in the budget last month. This has resulted in a pause on the property market and is also set to influence the revenues of the state. For More Details: RERA FILING

Rajiv Ranjan Mishra, joint secretary of the Ministry of Housing and Urban Poverty Alleviation informed that only 21 states and UTs have put notice about the RERA registration so far. He also pointed the importance of registering with the RERA Act, speaking at a recent event. Out of the total 29 states in the country, only two have appointed permanent regulators for the same.                                                                    For More Details: RERA FILING

The deadline for the submission of property tax was set as 14 th July, following which the Municipal Corporation of Gurugram has decided to sell the properties of the tax defaulters through a public auction. The MCG officials also sent out notices to these defaulters informing them about the step so                                                                      taken.                                                              In the first lot , only 20 properties would be put                                                    ...

MahaRera, on Monday issued a notice announcing the allowance of change in project documents by builders from September 2017. This is set to serve a certain degree of relief to the builders as the previous set of regulations did not allow the builders to do so. A fee of Rs 5,000 will also be charged for each change. For More Details: RERA FILING

Prime Minister Narendra Modi on Wednesday, July 12 held a video conference with the dignitaries of different states regarding the 2015 launched ‘ Housing For All ‘ initiative which had been the highlight of his 2014 campaign. States have been called to develop respective plans to meet the targets by the aforesaid 2022 deadline. ‘ Housing For All ‘ termed as the Pradhan Mantri Awas Yojana ( Urban ) eyes to provide housing to the urban poor.                                                          For More Detail: RERA FILING

The Real Estate Regulation Act ( RERA ) has already been an issue of concern over the last few months in the real estate industry. It seems as if there isn’t going to be any relief for the real estate developers anytime soon. This comes amid the RERA rules, that holds the developers responsible for any structural faults or decrement in quality or any other obligations as per the agreement relating to such project.                                                              For More Details: RERA FILING

Buyers of the Noida Extension Flat Owners Welfare Association ( NEFOWA ) met the BJP MLA Pankaj Singh at his Noida office regarding the registration following the RERA Act. Pankaj Singh in return assured the Association members of providing the complete information of the matter in a few days ahead. Notably, the official UP RERA website is set to start functioning by the end of July.                                                              For More Details: RERA FILING

CM Yogi Adityanath is set to give builders a tough time over the failure in meeting aforesaid commitments. Addressing at the CREDAI conclave, the minister emphasized on the importance of building trust among the buyers and the challenge the real estate developers face in meeting the buyer’s expectations. CM Yogi also focused on the undone projects in Noida which affects roughly 1.25 lac buyers. For More Details: RERA FILING

With just a handful number of days left in the deadline of the registration process of RERA, Karnataka government has finally made the RERA portal functional. This would prove to be a big relief to the builders in the state as there had been no assigned body to submit for the RERA registration in the past. The president of the Bengaluru CREDAI said that they are aware of the deadline and will work to complete the process within the time assigned.                                                                                                                           For More Details: RERA FILING                       ...

The amendm ent bill of the Architects Act, which was first presented in 2010 was withdrawn from the Rajya Sabha on Monday, only to add more alterations. The Amendment bill is set to strengthen the Council of Architecture and is going to play a huge role in improving the educational standards of Architecture industry in the country. The bill also eyes to maint ain the register of Architects . For more Details:  RERA FILING

National Real Estate Development Council ( NAREDCO ) and Confederation of Real Estate Developer’s Association of India ( CREDAI ) have decided not to head to the  court  concerning RERA Act and also asked the respective members to start with the registration process within the predetermined time limit. The NAREDCO president also stated, “  The RERA Act will boost the confidence of the buyers in the real estate industry. Fore more visit RERA Filing

The government of India has enacted the Real Estate (Regulation and Development) Act 2016 and all the provisions of the Act have come into force with effect from May 1, 2017.Under this Act, State Government is required to establish Real Estate Regulatory Authority for regulation and promotion of the real estate sector in the State.  All Real Estate Agents should register under this Act. No real estate agent shall facilitate the sale or purchase of or act on behalf of any person to facilitate the sale or purchase of any plot, apartment or building, as the case may be, in a real estate project or part of it, without obtaining registration under this section. RERA in Rajasthan  has started their operation from day first i.e, 01 June 2017.After a long time of almost 1.5 months, only 18 real estate agents are registered in Rajasthan. Registration Fees of RERA in Rajasthan for real estate agents A Real  Estate agent shall pay a registration fee at the time of applicat...

How can buyers file complaints against Builders in MAHA RERA? Wednesday 12th July 2017 Author:  Riya Kapoor Highlights RERA mandates registration of every project having a size of above 500 square meters or more than 8 apartments. The fees for filing a complaint with RERA in Maharashtra against builders is Rs. 5000. In case the person is not satisfied with the decision made by RERA or its officer, he may file an appeal before the RERA Appellate Tribunal within a period of 60 days. Food, Clothing & Shelter are considered essentials of life and every Human Being carries a sweet dream of owning a sweet Home in his life. Customers have very little knowledge of real estate business whether in public sector or in private sector and there is a wide gap between the demand and supply. Customers are being victimized in the real estate sector. Now with the enactment of Real Estate (Regulation and Development) Act 2016, Any aggrieved person including All...

The government of India has enacted the  Real Estate (Regulation and Development) Act  2016 and all the provisions of the Act have come into force with effect from May 1, 2017. Under this Act, State Government is required to establish Real Estate Regulatory Authority for regulation and promotion of the real estate sector in the State.  All Real Estate Agents should register under this Act. No real estate agent shall facilitate the sale or purchase of or act on behalf of any person to facilitate the sale or purchase of any plot, apartment or building, as the case may be, in a real estate project or part of it, without obtaining registration under this section. Registration Fees of  RERA in Punjab  for real estate agents The real estate agent shall pay a registration fee at the time of application for registration through online mode at the time of online registration, for a sum of Rs.5,000/- in the case of the applicant being an individual or Rs.25,000/...