A single bench of Justice S C Gupte on September 25 upheld the orders of the Maharashtra real estate regulatory authority and the RERA appellate tribunal that had ordered for the compensation amount to be paid to the purchaser. MUMBAI: The Bombay High Court has directed real estate developer Renaissance Infrastructure to pay Rs 5.04 …
Category Archives: Real Estate News
Haryana Rera: Lender needs 2/3rd buyers’ nod to auction project
GURUGRAM: If a developer fails to repay loans, resulting in the project being taken over by the lender – bank or any other financial institution – the lender will act as promoter and be responsible for protecting the rights of allottees, the Haryana Rera has ordered. The lender, the order adds, cannot sell the land …
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Can RBI ensure banks infuse funds in Amrapali projects: SC
A bench comprising Justices U.U. Lalit and Ashok Bhushan asked the advocate for the central bank to file an affidavit in the matter clarifying the regulatory provisions. NEW DELHI: The Supreme Court on Monday asked the RBI to file an affidavit whether it can intervene to ensure that banks infuse funds to complete construction of …
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Haryana RERA stays e-auction of Supertech Hues | Rera Consultants
Gurgaon bench of Haryana Real Estate Regulatory Authority has threatened to take penal action against the banks if they auction the project of any builder to recover dues, without taking the approval of the authority. The order came after PNB housing finance ltd decided to auction project of Supertech in order to recover its dues. …
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Almost 75% complaints from National Capital Region in 2 years: UP RERA
Almost 75 per cent complaints lodged with the Uttar Pradesh Real Estate Regulatory Authority (RERA) in two years have been from the NCR districts, including Noida and Ghaziabad, it stated on Friday. A total of 28,020 complaints have been registered with the RERA, which had started judicial work two exactly years ago. Of these, 20,740 …
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UP-RERA urge state government to fix all dues to be paid at MCLR
According to UP-RERA these recommendations if approved will help stuck or delayed projects, financial stress of various projects and reduce the disputes between home buyers and builders. NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has urged the state government to direct all development authorities and housing boards to charge interest on all …
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