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MahaRERA chief all set to make land title insurance obligatory

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August 27, 2018

The chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA), Gautam Chatterjee, is all set make title insurance obligatory for registered developers. This comes after insurance companies express interest in providing title insurance for the real estate projects. Though the RERA had made land title insurance mandatory for developers, the state unit was not able to implement the clause right away as there was no insurance player in the market providing such a cover. With that changing, Chatterjee has sought a detailed proposal and will soon announce an implementation date.

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

GUJRERA gets a new address

June 06, 2018

From 01 May 2018, GUJRERA is functioning from its new address - 4th Floor, Sahyog Sankul, GH-Road, Sector-11, Nr. Pathikashram, Opp. Civil Hospital, Gandhinagar-382007. Till now the authority was functioning from the 1st Floor and 3rd Floor, Chief Town Planner Office Building, Sector-10 Gandhinagar-382010. GUJRERA has approved 2,486 real estate projects and 516 agents across the state. For More Visit: www.rerafiling.com

RERA Bihar - No registration of on-going projects without RERA number

September 02, 2018

In order to prohibit builders to pass on the ownership to the buyers by registering the incomplete projects with the registration department, Bihar Real Estate Regulatory Authority (RERA) has asked the state registration department not to register any ongoing projects without RERA registration number. According to Afzal Amanullah, Bihar RERA Chairman “The registration of incomplete flats or apartments put the real estate buyers in a very disadvantaged position as the developers refuse to complete their obligations once the registration was done. Therefore, we have requested the registration department not to register incomplete projects and the projects which don’t have RERA number.” July 31 st , 2018 is the last date to register ongoing projects with RERA Bihar with a late fee of Rs. 4 lakh or 400% of the registration fee, whichever is higher. For more visit: www.rerafiling.com