Tag: rera-os

At least four real estate projects are getting registered every day in the Real Estate Regulatory Authority (RERA) this year in the state. If the number of registration of projects is anything to go by to understand the real estate scenario in Madhya Pradesh, the projects registered in the past three months this year in MP, is more than the total number of projects registered in the year 2020-2021.

RERA officials said, along with big cities, applications are being received for project registration from small towns like Dindori, Jhabua, Katni, Alirajpur, Rajgarh, Betul and Shajapur. As a result of this, there has been an expected increase in the project registration work of RERA this year as compared to last year.

The number of registered projects in the year 2020-2021 was 232 while 352 projects have been registered so far this year. This is 50% more than the previous year. Due to the second and third wave of corona in the financial year 2021-2022, the office work has also been adversely affected.

RERA Secretary Neeraj Dubey has informed that about 1,706 registrations were done after a brief examination in the already ongoing projects at the time RERA Act came into force.

Around 1,116 and a total of 2,822 projects have been registered in the subsequent four years. The average of new project registrations for four years is about 279, while in the fifth year alone the number of registrations has increased to 352. To ensure compliance of the provisions of the Act, the authority has issued notices to the colonizer in about 42 cases and also imposed fines. It may be mentioned that such action has been taken for non-compliance of the orders passed in favor of the allottees. The registration of a project has also been cancelled, officials added.

Source: https://timesofindia.indiatimes.com/city/bhopal/four-real-estate-projects-are-registered-with-rera-daily/articleshow/89979842.cms

Homebuyers beware! You just cannot sit back and relax if a builder claims that his project is registered with the Kerala Real Estate Regulatory Authority (K-Rera). Do check the authority’s website to see whether the developer has updated all relevant details of the project on the authority’s website — www.rera.kerala.gov.in

Recently, the authority had sent show-cause notices to promoters, including builders and developers, who obtained registration for their projects but failed to upload the required details on the website. As per the rule, promoters have to upload project details including necessary licences and sanctions, on the website. Also, the promoter has to update the progress of work in every quarter of the year until the last unit is handed over.

The authority has now warned the public to exercise caution while dealing with 29 builders, including some big names, who have failed to upload details. The list is available on its website.The authority will be forced to take strict action if the promoters fail to comply with the rule, said K-Rera chairman P H Kurian.

“The project details, including mandatory sanctions and stage of work, uploaded on the website help the authority monitor its progress. Even more important is that the information, updated in every quarter, helps customers to review the progress. All these details are freely available on the website,” he told TNIE.

Projects adhering to K-Rera’s norms are a safe bet for customers. While registering a project with K-Rera, the promoter has to upload all details of the project on w ww.rera.kerala.gov.in They include audited balance sheet of the promoter, track record, records of land ownership, sanctioned plans and NOCs from the authorities concerned. This facility will allow customers to make informed choices. The quarterly updates by the promoters help customers in continuous monitoring.

K-RERA registration is mandatory for real estate projects which fit into the definition stated in the Real Estate (Regulation and Development) Act 2016. It should be a real estate development with a land area of more than 500 sq m; plot development projects which require development permit/layout approval under Kerala Panchayat Building Rules, 2019/ Kerala Municipality Building Rules, 2019; development of more than 8 numbers of flats, shops, office space, godowns etc which are intended to be transferred to another person(s) on leasehold or freehold basis. Projects which received occupancy certificates before May 1, 2017, will not come under the jurisdiction of the authority.

Source: https://www.newindianexpress.com/states/kerala/2022/feb/27/homebuyers-can-verify-project-details-on-rera-website-2424208.html

Top Builders are making Customers fool in Jammu and selling Flats worth Rs 65 lakhs or more without RERA registration.

Sources told Cross Town News, they have been selling/booking Flats without approving them from RERA , where one of them is constructing multiple Projects in Jammu and is the Boss.

The Act states that all ongoing as well as under-construction projects that have not received completion certificate have to get registered with the regulatory authorities within three months, i.e, July 31, 2017. Projects with a plot size of minimum 500 sq m or eight apartments will fall under the purview of the Act.

Section 3 of the Act says: “No promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any real estate project or part of it, in any planning area, without registering the real estate project with the Real Estate Regulatory Authority established under this Act.

With Jammu and Kashmir now UT , all Central Acts also come in picture including RERA, wheras in addition to this also on 16th Decemebr , 2018 , Jammu and Kashmir Real Estate ( Regulation & Development ) Act , 2018 came into picture.

Section 3 of the said project ,categorically said , without registration , no Selling/Booking can take place.

More Interestingly the Builder who is the Boss, who is making the Flats at Kunjwani Narwal Highway , Chowadhi and few allready existing projects in Jammu, is alos creating havoc in Lives of People also living nearby.

Many People staying nearby have forward complaint to the Builder to keep things in order, as Water sneaks into nearby House ,but he has kept a blind eye till now, puts a question how is bothered about lives of people.

Source: https://www.crosstownnews.in/post/69126/one-builder-contructing-multiple-flat-projects-in-jammu-without-rera-puts-life-of-near-by-in-danger.html

The dilly-dallying approach in the establishment of Real Estate Regulatory Authority (RERA) in the Union Territory of Jammu and Kashmir has finally come to an end with Housing and Urban Development Department setting into motion an exercise for the appointment of Chairperson and two Members and formal orders are likely to be issued by the end of next month.

The Parliament in the month of March 2016 had enacted the Real Estate (Regulation and Development) Act for regulation and promotion of real estate sector and to ensure sale of real estate projects in an efficient and transparent manner and to protect the interest of consumers.

The Section 84(1) of the Act confers powers on the Governments of States and Union Territories to frame Rules to carry out the implementation of law. In exercise of this power, the Government of Union Territory of Jammu and Kashmir framed J&K Real Estate (Regulation and Development) Rules, 2020 and the same were notified by the Housing and Urban Development Department on July 22, 2020.

However, no immediate steps were initiated for establishment of Real Estate Regulatory Authority and the dilly-dallying approach was highlighted by EXCELSIOR in its edition dated December 3, 2020. It was revealed that implementation of Central Law could not begin even several months after the framing of Rules in the absence of Real Estate Regulatory Authority.

Finally, the Housing and Urban Development Department has started an exercise for the appointment of Chairperson and two Members of the Authority by inviting applications from the eligible persons. All these applications will be placed before a Selection Committee consisting of the Chief Justice of the High Court or his nominee, the Secretary of the Housing and Urban Development Department and Secretary of Department of Law, Justice and Parliamentary Affairs strictly as per Section 22 of the Real Estate (Regulation and Development) Act, 2016.

It is pertinent to mention here that a person having adequate knowledge of and professional experience of at least 20 years in urban development, housing, real estate development, infrastructure, economics etc is eligible for the pose of Chairperson while as for the posts of Members 15 years experience has been fixed and eligibility criteria is same.

Moreover, a person who is or has been in the service of the Government shall not be appointed as Chairperson unless such person has held the post of Additional Secretary in the Central Government or any equivalent post in the Central Government or State Government.

Sources disclosed that entire exercise vis-à-vis setting up of Real Estate Regulatory Authority by appointing Chairperson and Members will be completed by the end of next month so as to ensure that fast expanding real estate sector in the Union Territory of Jammu and Kashmir is regulated in a transparent manner.

“The Authority will have the powers to direct the promoter, allottee or real estate agent to furnish in writing information or explanation and requisition any public record or document or copy of such record from any office”, sources said, adding “after the establishment of Authority, the Government will initiate steps to set up Real Estate Appellate Tribunal so that any person aggrieved by any direction or decision or order made by the Authority may prefer an appeal before the Appellate Tribunal”.

They further said, “there is also a provision in the Act that until the establishment of an Appellate Tribunal, the Government may designate by order any Appellate Tribunal functioning under any law for the time being in force, to be the Appellate Tribunal to hear appeals under the Act”.

It is pertinent to mention here that since real estate sector is growing fast in the length and breadth of Union Territory of Jammu and Kashmir there is a dire need for regulating in most transparent manner. Everybody-promoter, allottee and real estate agent have been covered under the Act and Rules so that the sector is regulated properly.

Source: https://www.dailyexcelsior.com/finally-govt-sets-into-motion-exercise-for-setting-up-of-rera/

The Real Estate Regulatory Authority of Himachal Pradesh on Wednesday ordered to recover the entire amount paid by the complaints from the developers and builders in violation of the norms, deciding dozens of complaints pending before the authority here.

The authority had received 14 different complaints against Rajdeep and Company Infra Pvt Ltd and others.

Out of 14 complaints received against the above promoters and developers, 12 complaints have been decided in favour of allottees and two other complaints were pending for hearing in respect of the project named as Himalaya Residency, located at Bharari in Shimla.

Source: http://www.uniindia.com/hp-rera-orders-builders-to-refund-dues-with-interest/north/news/2321605.html

Real estate developers may have to pay heftier penalties if they fail to keep the December 31 deadline for compulsory registration of ongoing real estate projects in the State.

With many developers yet to register their projects with the Kerala Real Estate Regulatory Authority (K-RERA), the authority has warned that the hefty penalty could turn even heavier if they failed to meet the deadline. After December 31, the penalty will be determined by K-RERA on a case-to-case basis following a hearing, the State regulator said.

“The promoters may take notice that the penalty for non-registration of projects may be extended up to 10% of the estimated cost of the project, as laid down under Section 59 of the Real Estate (Regulation & Development) Act, 2016,” K-RERA said in a final notice in this regard issued on December 17.

Already, non-registration of projects carries a penalty of 40% of the application fee which was fixed on October 31 this year following the sluggish response to a K-RERA plea to get the projects registered. This condition is valid only till December 31, when K-RERA will complete one full year.

In its final notice, K-RERA also noted that Section 59 (2) stipulates that “if any promoter does not comply with the orders, decisions or directions issued by this authority in this regard or continues to violate the provisions of Section 3 of the Act, he shall be punishable with imprisonment for a term which may extend up to three years or with fine which may extend up to a further l0% of the estimated cost of the real estate project, or with both.”

The Real Estate (Regulation and Development) Act, 2016, requires builders to register projects with the State-level RERA. Registration is also compulsory for real estate agents. K-RERA has so far received around 500 applications from builders. In all, 318 registered real estate projects have been uploaded on the K-RERA website. In all, 107 real estate agents also have registered with K-RERA so far.

Source: https://www.thehindu.com/news/national/kerala/hefty-fine-awaits-realtors-skipping-k-rera-deadline/article33386936.ece