"Covid-19 Should not be an excuse to protect undue rights of Real Estate Promoters"
An Appeal by Col. Tejandra Pal Tyagi Corona should not be used as a shield to protect the undue rights of the Promoters 1st May is celebrated as the RERA Day. This time both the Promoters and the home buyers are in great trouble. Most of the labour have left the construction site and gone to their villages not only on account of the Lockdown restrictions but also owing to the recurring need of crop harvesting during this time of the year. UP RERA has indicated that other things remaining the same, construction work may resume by mid May. H…
MahaRERA Chairman asks home owners to test TS RERA rules in court
TS RERA organizes 1 st stake-holder workshop By B T Srinivasan Hyderabad, January 19 Quite expectedly, the first stake-holder interaction organized by the Telangana State Real Estate Regulatory Authority (RERA), on Friday, 18 January, saw divergent views and focus from developers, promoters and buyers pressing their own standpoints. Significantly, the Workshop convened by the TS RERA was addressed by none other than Shri Gautham Chatterjee, Chairman of the Maharashtra RERA (MahaRERA), on which the TS RERA is modelled. Further TS RERA also use…
RERA Act can be imposed even if projects not registered, real estate developers warned
Non-registration of a real estate project does not mean it is beyond the purview of the RERA Act, Shri Anthony De Sa, Chairman, the Madhya Pradesh RERA Authority warned real estate developers. Speaking at a special session on Urban Housing and RERA Implementation, at the recently concluded 6th National Conference of RAWs (NCRWA), Shri De Sa, who is the first Chairman of any RERA Authority to be appointed in the country, said the authority in Madhya Pradesh had taken a view quite different from RERA Authorities in some of the other states and …
Good news for homebuyers
Ordinance to amend IBC to put them on par with financial firms to demand dues from builders. For long at the end of the queue when it came to getting their dues from real estate firms, aggrieved homebuyers will now have a place at the table when it comes to deciding on insolvency of real estate firms Hyderabad, May 24 There is good news on the horizon for potential homebuyers who have been aggrieved because of recalcitrant real estate firms. The Union cabinet on Wednesday approved an ordinance to amend the Insolvency and Bankruptcy Code (IBC)…
Centre Firm on June 30 Deadline for States to Amend Dilutions in RERA Rules
RERA has been enacted to clean the mess in unregulated construction sector for decades, Union Minister stresses at first meeting of Central Advisory Council Hyderabad, May 15 The Central Government has reportedly set June 30 as the deadline for states to amend “dilutions” in the notified rules to bring all incomplete projects within the ambit of the Real Estate Regulation Law (RERA). This apart June 30 has also been set as the deadline for establishing permanent regulators, start websites and tribunals as prescribed in the law, the Union Housi…
“Repeal TS RERA Rules, Not in Line with Central Act”, Consumers’ Body Demands
Calls for permanent Authority and information sharing mechanism Team TT The Telangana Government should immediately repeal the TS RERA rules and replace it with new rules in compliance with the ‘Central Real Estate Rules for UTs without legislatures’, the Forum for Peoples’ Collective Efforts (FPCE), a body representing the pan-India Fight for RERA movement, has demanded. Criticizing the constitution of an expert committee by the Telangana Government to study the implementation of the Real Estate Regulation and Development Act in neighbouring …
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