Maharashtra Real Estate Regulatory Authority (Maharera) has taken a significant step towards ensuring transparency and accountability in the real estate sector by insisting that only trained and certified agents be employed. This directive aims to protect the interests of homebuyers and streamline the buying process by ensuring that agents possess the necessary knowledge and expertise. Importance of Trained Agents Agents play a crucial role as intermediaries between homebuyers and developers. They are often the first point of contact for customers, providing vital information about projects. T ..read more

In recent developments, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has declined homebuyer complaints against developers for alleged delayed possession, citing the absence of a clearly mentioned possession date in the agreement for sale. This decision has raised questions about homebuyers’ rights in seeking interest for delayed possession and highlights the importance of clarity in contractual agreements. Case Overview Two homebuyers, Gaurav Barve and Avani Barve, filed a complaint with MahaRERA alleging delayed possession of their flat purchased in Boisar near Mumbai. The abse ..read more

A recent directive issued by the High Court of Judicature at Allahabad, Lucknow Bench, in response to WRIT – C No. 3577 of 2024, has significant implications for the execution of recovery certificates issued by the Real Estate Regulatory Authority (RERA). The case involving petitioner Shakuntala Mishra and respondents, including the District Magistrate, underscores the court’s commitment to addressing delays in the execution process and protecting the rights of complainants. Key Points from the Judgment The judgment outlines several key directives aimed at streamlining the execution of RERA-is ..read more

After a year-long hiatus, the Karnataka Real Estate Appellate Tribunal (K-REAT) is poised to resume operations by the end of May. The tribunal, which plays a crucial role in addressing grievances related to the real estate sector, is set to alleviate the concerns of aggrieved home-buyers and streamline dispute resolution processes. Government Initiatives to Revive the Tribunal In response to criticism from the High Court and the dissatisfaction of home-buyers, the state government has initiated steps to fill vacant positions within the tribunal. The appointment of retired IAS officer Mahendra ..read more

Maharashtra Real Estate Regulatory Authority (Maharera) continues to spearhead initiatives aimed at enhancing transparency and accountability in the state’s real estate sector. In a move to address uncertainties surrounding promised facilities and amenities in housing projects, Maharera has introduced a groundbreaking provision requiring developers to specify fixed dates for the availability of such amenities. This measure, akin to the non-negotiable clauses for parking, underscores Maharera’s commitment to safeguarding the interests of homebuyers. Mandatory Provision for Fixed Availability Da ..read more

The Maharashtra Real Estate Regulatory Authority (Maharera) has taken significant steps to clear directives on parking-related disputes in real estate transactions. Recent directives aim to ensure transparency and clarity regarding parking provisions, minimizing potential conflicts between developers and homebuyers. These directives, outlined in an addendum to be included in allotment letters and sale agreements, signify a milestone in safeguarding the interests of property purchasers. Maharera’s Mandate: Clear Parking Details Under the new guidelines, it is mandatory for developers to include ..read more

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a directive to Larsen & Toubro (L&T) to deduct only 2 percent of the amount already paid and refund the balance to a non-resident Indian (NRI) homebuyer from Abu Dhabi. This decision came during the hearing of a complaint filed by the NRI homebuyer, marking the second instance of such ruling by the regulator, following a similar case involving Godrej Properties. Background of the Case The NRI homebuyer had booked a flat in a project developed by L&T Realty in the Kurla area of Mumbai, making an initial payment o ..read more

In a recent development, the Karnataka Real Estate Regulatory Authority (KRERA) has ordered Suvilas Properties, a subsidiary of Bengaluru-based real estate giant Shriram Properties Ltd (SPL), to refund the entire booking amount to a buyer after providing misleading information regarding a project. The Case The issue arose when Suvilas Properties, a subsidiary of Shriram Properties, sold an apartment worth Rs 1.2 crore to a buyer, claiming that the high-rise building would have 27 floors with RERA approval. However, upon investigation, it was revealed that the project only had 20 floors, contra ..read more

In response to criticism from the Karnataka High Court regarding the non-functional status of the Karnataka Real Estate Regulatory Authority (KRERA) Appellate Tribunal, the state government has assured that Chief Minister Siddaramaiah will be appointing the chairman soon. This development comes after the court raised concerns about the vacancies in the tribunal, leading to delays in resolving cases related to real estate disputes. Tribunal Chairman Appointment Pending The state government, facing scrutiny from the Karnataka High Court, has informed the court that the appointment of the KRERA A ..read more

The Haryana Real Estate Regulatory Authority (RERA) has taken strict action against Vatika Limited, a prominent real estate firm, for violating provisions of the builder-buyer agreement (BBA). The regulatory authority has imposed a penalty of over ₹6 lakh on Vatika Ltd and directed the promoter to execute the BBA within a month, as per the order passed by Judge S K Arora. Violation of BBA Provisions The order highlights the violation of Section 13 of the Real Estate (Regulation and Development) Act, 2016, by Vatika Limited. Section 13 mandates that a promoter cannot accept more than 10% of the ..read more