Free Press Journal
  • Bhopal: Ban registry: Rera V-C; not done, asserts PS

    Bhopal: Within a few months of its constitution, the state Real Estate Regulatory Authority (RERA) seems to be on a confrontation course with the government.

  • Want RERA to take action against errant builders? Then, you need to act first

    People have misconception about Real Estate Regulatory Authority (RERA). That it will on its own file complaints against builders. The fact is, unless you don’t file a case against builders, RERA can’t hold developers responsible for irregularities in construction project. Unless an individual files complaint against the errant developers can get away free, as there is no mechanism to identify the number of ongoing projects in state, whether it’s registered or not.

  • Maharashtra: Rs 50,000 fine for late RERA registrations by developers

    Mumbai: More than 400 developers have incurred a penalty of Rs 50, 000 each after they failed to register their realty projects on the Real Estate Regulatory Authority (RERA) website before the given deadline. Even as a majority of developers across Maharashtra have registered themselves on the MahaRERA website before its deadline of July 31, there were nearly 450 developers who have missed the deadline.

  • Bhopal: ‘Most judges face harassment’

    Bhopal: ADJ RK Srivas, on second day of his picketing, said over 90 per cent judges were supporting him. They could not come out openly in his support but morally they were supporting him, he said, adding that most judges were victims of harassment. They were getting only 25 per cent salary for duty and 75 per cent to tolerate harassment, he added.

  • Maharashtra: RERA records nearly 11,000 projects on deadline day

    Mumbai: In total, 10,852 realty projects were registered on the Real Estate Regulatory Authority website by the midnight of Monday. Officials said that the penalty amount to be levied on developers for late registrations would be decided in the RERA committee meeting on Wednesday.

  • Mumbai: Now, buildings can be redeveloped with consent of 51 per cent residents

    In a big relief for real estate sector in Maharashtra, on Monday, Chief Minister Devendra Fadnavis relaxed the tenant consent clause. While speaking in the state legislative Assembly, CM announced that now builders will need consent of 51 per cent of residents instead of 70 percent.

  • RERA: Everything you must know about the Real Estate Act

    To regulate the real estate sector, the government has come up with the idea of Real Estate Regulatory Authority (RERA) Bill which is expected to help buyers. RERA is supposed to protect the interest of the homebuyer and ensure timely delivery of projects. Real Estate Regulatory Authority (RERA) Bill was introduced in 2013 and finally the bill got approved in March last year.

  • Maharashtra RERA deadline: Over 6,500 projects registered on penultimate day

    Mumbai: As the deadline for online submission of realty projects under Real Estate Regulatory Authority (RERA) draws to a close, developers across Maharashtra register nearly 6,534 projects. RERA officials said more than 7000 projects are expected to be registered. The deadline for the submissions is July 31 which has not been extended despite several requests from developers.

  • Maharashtra: RERA deadline will not be extended

    Mumbai: Developers who have not registered their realty projects with the Real Estate Regulatory Authority (RERA) will now have to pull up their socks since the submission deadline will not be extended. The promoters will have to register their project before July 31.

  • Builders can’t delete uploaded documents, says MahaRERA

    Now, according to new order issued by the Real Estate Regulatory Authority (RERA), developers can’t delete documents once uploaded on the website. Developers now will have to be extra careful while uploading any documents for registration, as the new orders from the RERA says that documents once uploaded by the promoter during registration or project update cannot be deleted. The real estate lobby is not happy with the new orders. RERA as

  • Maharashtra: 500 builders register as RERA deadline nears

    Mumbai: With the Real Estate Regulatory Authority (RERA) just a fortnight away, more than 500 developers across Maharashtra out of the estimated 9000 have registered on the website so far. The new act directs developers and real estate agents to register on the MahaRERA website.

  • ‘Apartment funding’ route to perish post RERA, says JLL

    Mumbai: With the RERA making it mandatory for developers to deposit 70% of the receipts through any kind of sale in an escrow account, “apartment funding” mode of raising funds from investors is likely to perish, says property consultant Jones Lang LaSalle.

  • Maharashtra: Developers can now make corrections after RERA submissions

    Mumbai: To attract more developers to register their projects on the Real Estate Regulatory Authority website, the authority has now provided a new window for making corrections in the submitted project. Earlier, developers were not allowed to make any corrections once they submitted their detailed project data which has resulted in less number of registrations.

  • Indian real estate industry to enter a new era

    After encountering three significant events within six months’ time, the question that prevails is how the Indian real estate industry will perform. However, the majority of stake holders are extremely confident and awaiting a big transformation in the industry…

  • Bhopal: Stick to safety rules in building construction: Minister

    Bhopal: PWD minister Rampal Singh has called upon the companies engaged in building construction to ensure that the norms related to health and security were strictly adhered to. This would enhance the capabilities of the people working in the building construction industry and benefit people too, he said.

  • Bhopal: Sale of real estate sans RERA

    Bhopal: Real Estate Regulatory Act-2016 (RERA) has come into effect in the state and the country from May 1 this year. Under the Act, it is mandatory to register real estate projects with the RERA authority. Future projects and incomplete projects as of April 30, 2017 will also come in the ambit of RERA. Registration of ongoing incomplete projects has to be mandatorily done before July 31.

  • RERA: All you need to know about the Real Estate Act

    To regulate the real estate sector, the government has come up with the idea of Real Estate Regulatory Authority (RERA) Bill which is expected to help buyers. RERA is supposed to protect the interest of the homebuyer and ensure timely delivery of projects. Real Estate Regulatory Authority (RERA) Bill was introduced in 2013 and finally the bill got approved in March last year.