RERA has not helped customers in stuck projects even after five years: FPCE – ET RealEstate

NEW DELHI: The real estate regulation law, RERA, has failed to meet the expectation of scores of homebuyers whose investment were stuck in ongoing projects when the law was enacted, said the homebuyers organization that led the campaign of enactment of the law. The RERA enacted five years back covered both new projects and all […]

UP-RERA prepares draft guidelines on formation of residents’ welfare associations – ET RealEstate

NEW DELHI: In many group housing societies across UP and NCR, maintenance of common areas remains a bone of contention between residents and promoters. Often there are disputes relating to quality, charges and transparency in collection of monthly maintenance charges. However, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has now prepared draft guidelines to […]

Ahmedabad: Home buyer drags NCPL Infracon over project delay – ET RealEstate

AHMEDABAD: A Satellite resident, who fought a protracted legal battle with a builder at RERA after he was denied possession of the premises for well over a year, has written to the regulatory body to collect Rs 33 lakh as penalty from him. According to the buyer’s calculation, the penalty to be collected from the […]

UP-RERA allows JAL to complete Jaypee Greens Knight Court with buyers’ support – ET RealEstate

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has allowed Jaiprakash Associates (JAL) to complete the long-stalled work of the project Jaypee Greens Knight Court in co-operation with Association of Allottees namely, ‘Knight Court Social Welfare Association’ within 15 months. The total cost of completing the remaining work of this project comes to […]

What can a property buyer do to fix maintenance issues? – ET RealEstate

NEW DELHI: A high-rise society offers a bundle of amenities within its premises to residents. Be it security, lifts, uninterrupted water and electricity supply or other facilities such as a park or a gym to give a sense of comfort to residents. For residents to continue enjoying these services, maintenance plays a vital role. Without […]

Home buyers find order barring them from exiting project confusing – ET RealEstate

MUMBAI: Home buyers find order barring them from exiting project confusing Home buyers like IT engineer Nikhil Sable, who initiated a recovery process to get their money when the developer failed to honour MahaRERA’s refund order for three years, are confused after the regulator allowed the same developer to continue with 51 per cent consent […]

Rajasthan: Government beats private sector in launching housing schemes – ET RealEstate

JAIPUR: During pandemic, more housing colonies were launched by the government as compared to those in the private sector in the state. The trend could be seen in the Real Estate Regulation Authority (RERA), Rajasthan, registrations in August. While 18 colonies were registered by government agencies, private players listed 14. The total registrations in August […]

Construction of Jaypee Kalypso Court resumes under UP-RERA’s new rehabilitation model – ET RealEstate

File photo NEW DELHI: Construction of Jaiprakash Associates‘ (JAL) Jaypee Kalypso Court (Phase – II) resumed on Saturday under the Uttar Pradesh Real Estate Regulatory Authority’s (UP-RERA) new ‘rehabilitation model’ where buyers and promoters work together towards the completion of the project. “UP-RERA has been successful in implementing this approach to resolve the disputes and […]

MahaRERA directs Shapoorji Pallonji’s subsidiary to restart ‘US Open’ project – ET RealEstate

File photo MUMBAI: An ambitiously-branded residential project, the US Open Apartments in Mulund West, is set to recommence after a long wait of ten years. The Maharashtra Real Estate Regulatory Authority (MahaRERA), in an interim order, has directed Ricardo Constructions Pvt ltd, a subsidiary of the Shapoorji Pallonji group, to transparently share information with nearly […]

Despite MahaRERA directions, buyers left in the lurch by Bhoomi Arcade – ET RealEstate

File photo MUMBAI: A group of home buyers from Bhoomi Acropolis project in Virar West are complaining that despite accepting possession on MahaRERA directions in March 2019, more than a year later, developer Bhoomi Arcade Associates have not provided them basic amenities like proper electricity meters, potable water connections, and formation of their society. Acropolis […]