Free Press Journal
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    Mumbai: MHADA takes new steps to speed up flat possession process

    Mumbai: The Maharashtra Housing Area Development Authority(MHADA) has decided to only include those buildings which have been registered under the Real Estate Regulatory Authority (RERA) and have obtained Occupany Certificates (OC). The new decision will be applicable for new MHADA lottery schemes 2018 houses allotment. Ravindra Waikar, the Minister of State for Housing in an release issued on Wednesday confirmed about the new decision on implementation of houses.

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    Housing units worth Rs 4.64 lakh cr delayed in 7 top cities despite RERA implementation: ANAROCK

    New Delhi: Nearly 5.76 lakh housing units worth Rs 4,64,300 crore are delayed in seven major cities of the country despite implementation of the new real estate law RERA that came into effect May last year, according to property consultant ANAROCK. Of these delayed housing units that were launched in or before 2013, the ANARCOK report said that Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) account for 71 per

  • mumbai, rera, maharera, pune, possession, delayed flats, rera act

    Mumbai: RERA asks developer to pay interest over delayed flats

    Mumbai: Four Pune homebuyers will get interest from the developer of a real estate project for delay in possession by two years, the Real Estate Regulatory Authority (RERA) has ruled. The bench acted on the complaint after observing that the homebuyers had not received possession of their flats till date, after booking them in 2014 and being promised possession in 2016.

  • IBC tweaks to ward off fly-by-night realtors: Jaitley

    New Delhi : Union Minister Arun Jaitley on Friday said the amendments to the Insolvency and Bankruptcy Code (IBC) will eliminate “fly-by-night” operators in the real estate sector and ensure timely completion of projects.

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    Mumbai: RERA directs developer to prepone date of possession by 3 years

    Mumbai: In a huge relief to an allottee of a commercial unit, the Real Estate Regulation Authority (RERA) directed the developer to prepone the date of possession of the unit by three years from 2022 to 2019. The RERA bench acted on a complaint filed by an allottee for delayed possession even after 90 percent of the work had already been completed.

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    Mumbai: RERA advances date of possession, provides relief to two homebuyers

    Mumbai: In a huge relief for two home buyers, the Real Estate Regulatory Authority (RERA) directed the developer to prepone the date of possession from 2022 to 2020 and pay interest for delayed possession. The RERA bench acted on a complaint filed by two home buyers regarding delayed possession and unreasonable revised possession date mentioned on the website.

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    Mumbai: Nirmal Lifestyle agrees to pay Rs 22 lakh for not hand in over flat on time

    Mumbai: In a huge relief to a home- buyer, a well-known developer has willingly filed a written undertaking before Real Estate Regulatory Authority (RERA) to pay approximately Rs 22 lakh with interest for delayed possession. The developer Nirmal Lifestyle had delayed possession by almost year and has now agreed to pay interest for delay starting from July 1, 2017 till actual date of possession.

  • maharashtra, mumbai, rera, maharera, rera act, Maharashtra Real Estate Regulatory Authority, possession, early possession, Rera orders, RNA

    Mumbai: RERA advances date of possession by a year

    Mumbai: A home-buyer who approached Real Estate Regulatory Authority (RERA) with a complaint related to unreasonable possession date, got a relief after the bench ordered the developer to prepone the possession date by a year. The RERA bench preponed the date of possession from 2021 to 2020, failing which the developer would be liable to pay interest for delay.

  • mumbai, rera, maharera, pune, possession, delayed flats, rera act

    Mumbai: RERA directs developer to pay interest for delay in handing over the flat

    Mumbai: In a huge relief to a home buyer, the Real Estate Regulatory Authority (RERA) directed a developer to provide interest for delayed possession for a year. The bench acted on a complaint regarding delayed possession as the home buyer made payments up to 97 per cent of the total cost of the apartment, yet the developer failed to provide possession. The complainant Jimmy Singh had purchased an apartment in developer Propel

  • mumbai, rera, maharera, maharashtra, possession, homebuyers,

    Mumbai: RERA asks developer to pay compensation

    Mumbai: In a huge relief to an allottee, Real Estate Regulatory Authority (RERA) directed a developer to pay compensation for delay in providing possession of a flat. The authority acted on the complaint by an allottee for delayed possession by five years. The complainant, Sher Balbir Singh, had purchased a flat in the developer ‘Ravi Developments’ project Gaurav Valley at Mira Road (east) after executing the sale of agreement on July 2,

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    Mumbai: RERA directs developer to get OC, take back demand letter

    Mumbai: In a huge relief to the home buyer, the Real Estate Regulatory Authority (RERA) directed the developer to obtain the Occupational Certificate (OC) and take back the demand letter which was issued to home-buyer for making balance payment towards cost of the apartment. The bench directed the developer to stop raising demands for balance payment towards the price of apartment till the OC is obtained and provide possession at the earliest.

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    Mumbai: RERA bats for unified authority to deal with consumers’ grievances

    Mumbai: Concerned about the woes of home-buyers of those projects which are not covered under the Real Estate (Regulation and Development) Act, MahaRera chief Gautam Chatterjee has called for creating a unified authority to deal with all consumer grievances. The idea is to have one unified authority which is a quasi judicial body to deal with all consumer grievances in the realty sector, he said.

  • mumbai, rera, maharera, maharashtra, possession, homebuyers,

    Mumbai: RERA directs developer to prepone possession date

    Mumbai: In a huge relief to an allottee, the Real Estate Regulatory Authority (RERA) directed the developer to commit to a reasonable timeline by preponing the date of possession from December 2022 to December 2019. The authority acted on a complaint filed by an allottee regarding delayed possession of their apartment by eight years. The complainant Sanjeev Kapur had purchased an apartment in the project Gaurav Legend situated in Oshiwara. Kapur alleged

  • mumbai, rera, maharera, pune, possession, delayed flats, rera act

    One year of RERA: Tardy implementation restricts gains

    Two years after the Centre notified the Real Estate Regulation and Development Act (RERA) of 2016 to empower and protect property consumers and make property transactions fair and transparent by regulating the sector, the sluggish and flawed implementation of the progressive act, has put a big question mark on the gains of RERA.

  • Mumbai, RERA, MahaRERA, OC, Occupational certificate, Real Estate Regulatory Authority, RERA act,

    Mumbai: RERA tells developer to prepone date of possession by a year

    Mumbai: Acting on a complaint regarding unrealistic possession, the Real Estate Regulatory Authority (RERA) directed a city developer to prepone the date of possession by a year and also execute agreement for sale. The RERA bench directed the developer to prepone the possession date from 2023 to 2022.

  • Maharashtra, RERA, MahaRERA, RERA Act, RERA chief, Gautam Chatterjee, RERA chief interview, Gautam chatterjee interview, housing in mumbai

    Maharashtra: Our aim is to ensure real estate projects end within the given time, says RERA Chief

    The Real Estate (Regulation and Development) Act completes a year on May 1, 2018. Under this Act, government of Maharashtra established Real Estate Regulatory Authority (RERA), dated March 8, 2017, for regulation and promotion of real estate sector in Maharashtra. The act has brought relief to thousands of home-buyers and it has helped register more than 11,000 odd projects. Gautam Chatterjee, Chairman of Maharashtra Real Estate Regulatory Authority (MahaRERA), in an interview with Karishma Ravindran

  • Mumbai, RERA, Maharashtra, MahaOnline, Realty projects, social amenities, MahaRERA

    Mumbai: RERA, MahaOnline to map realty projects, social amenities

    Mumbai: The Maharashtra Real Estate Regulatory Authority (Rera) and MahaOnline have joined hands to map the entire state to help home buyers get information on their projects and nearby social amenities, a senior official said.

  • mumbai, rera, maharera, pune, possession, delayed flats, rera act

    MahaRERA directs developer to pay interest to home-buyers for delay in handing flat

    Mumbai: In a huge relief to at least seven home buyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) directed a developer to pay interest for delayed possession by three years. The RERA bench acted on a complaint filed by seven home buyers regarding delayed flat possession even after them paying at least 90 per cent of booking amount.

  • Mumbai, RERA, MahaRERA, OC, Occupational certificate, Real Estate Regulatory Authority, RERA act,

    MahaRERA provides relief to Pune home allottee

    Mumbai: In a major relief to a home allottee, Maharashtra Real Estate Regulatory Authority (MahaRERA) directed a developer to complete a real estate project by obtaining the Occupational Certificate (OC) by December 31, 2018. The RERA bench acted on a complaint of a home allottee regarding non issuance of OC by a developer even after handing over the flat to him.

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