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June 01, 2019

UP-RERA to set up SIT to investigate Unnati Fund Diversion

UP-RERA has requested the State Government to institute a SIT (Special Investigation Team) to track how and where Unnati Group has diverted the funds of Rs.147 Crore raised from the buyers. As per the sources, it is known that the amount was generated by allotting over 100 flats each to two or three buyers. UP-RERA officers assured the buyers that it would not affect the progress of the work in Phases 3, 4 and 5 which will be completed by a co-builder following Section-7 of the RERA Act, 2016, which makes provision for UP-RERA to step in and facilitate completion of abandoned projects

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RERA Karnataka to appoint private entity to find out unregistered projects in the state

March 31, 2018

KRERA is planning to appoint a private entity to identify unregistered project in the State. The private entity firm will find out the ongoing projects and new launches which are not registered in RERA yet. KRERA has issued tenders for invitation of application for appointment of consultancy. The private entity will be submitting a detailed report to the authority by conducting ground level survey for identification of unregistered projects. “We are planning to execute the project on a trial basis for a month,” said P Sunil Kumar, secretary, RERA. RERA was using the plan sanction certificates issued by BBMP as preliminary information and was planning to send the surveyor to the address for physical verification. “We will scale up the project with more effective tools and expand it to the rest of Karnataka gradually,” said Kumar. For More Visit: www.rerafiling.com

RERA fee structure for Promoters of Maharashtra.

August 21, 2017

The Maharashtra RERA Authority, MahaRERA, has been the most active RERA Authorities among all. MahaRERA has been aligned with all the rules and regulations of the Real Estate (Regulation and Development) Act and has kept up with the all the necessities. Also due to the fine performance of the authority, MahaRERA has been made responsible forconducting operations of Dadra and Nagar Haveli, and Daman and Diu as well. The required details for these territories have also been mentioned on the authority’s website. The fee structure for promoters in the state of Maharashtra according to RERA is as follows : The promoter shall pay a registration fee : Calculated on the area of the land proposed to be developed at the rate of RS. 10 per sq.m, subject to a minimum of Rs.50,000 only and a maximum of Rs.10 lacs. The deadline for registrations of the project was 31st July 2017, which was not extended by the authority, unlike the other stat...

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