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Rera Filing

Flat owners of Lavasa Corporation bangs MAHARERA for entitling them as Lessee

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March 14, 2018

In ruling of MAHARERA , complaints of numerous aggrieved buyers were dismissed on the ground that agreement signed between allotees and Developers was taking shape of lease transaction and hence out from the purview of RERA. Buyers now want the involvement of State Government in the case. MahaRERA should remove Lavasa from its online portal if complaints from its buyers did not fall in the purview of the RERA demanded buyers. “At least people will stop approaching MahaRERA. We appeal to the Devendra Fadnavis government to intervene and give us justice,” buyer said. Total of five complains were set aside due to paucity of legal grounds.

For More Visit: www.rerafiling.com

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TNRERA is soon to get Chairperson and two members

January 29, 2018

Tamil Nadu Real Estate Regulatory Authority (TNRERA) will be going to appoint a chairperson and two other officials shortly. S. Krishnan (Principal Secretary (Housing)) has been assigned as the authority on the temporary basis. Right now, a former judge of the High Court, B. Rajendran is functioning as the chairperson of the Real Estate Appellate Tribunal and Andaman and Nicobar Islands will come under the jurisdiction of both RERA and this Tribunal. The main concern of this authority is to appoint only those who have “no financial interest” and “persons of integrity beyond question”. for more visit www.rerafiling.com

GOA RERA slaps penalty for registration of ongoing project post 31 March 2018

April 05, 2018

GOA RERA, in an order passed on Monday, has decided to impose the penalty on the application for registration of ongoing projects to be received after 31 March 2018. A penalty of Rs 1,00,000 will be levied for Registrations applications received between 01/04/2018 to 30/04/2018. From 01 May 2018, double penalty i.e. Rs 2,00,000 will be fined on builders till 01/07/2018. For More Visit - www.rerafiling.com

MahaRERA : ‘Landowner’ is equally liable as the ‘Builder’ to get the revenue

December 31, 2017

The MahaRERA has made the landowner equally liable as the builder. The Authority has declared in his order issued on 4 th December 2017 that the landowners equally liable are to getting the share of profit from the sold or advertised apartments or projects. The landowner is will be liable as a developer if they have taken the areas of a project and not cost. In the order of 4 th December, the Authority of MahaRERA said, “the ‘Promoter’ is a landowner, investor or a person who obtained the permission to construct the building.” According to the records, nearly 4346 projects have already registered as ‘Co-promoter (landowner/ investor)’ but now after the issuing of this order they will know as ‘Promoter’ and their liabilities and duties will be as equal as the main promoter. For More Visit: http://www.rerafiling.com