RERA Act
SC upholds IBC amendments, status of homebuyers as financial creditors
The bench said only genuine homebuyers can invoke insolvency proceedings against the builder.
MahaRERA grants relief to buyers in project with OC
The homebuyers had purchased flats through the landowner.
‘Developers seek to delay execution’
The developers get a time period of 60 days to file an appeal challenging the MahaRERA order, post that the case will be heard at the tribunal.
MahaRERA tribunal exposes developer’s ‘cooked up’ story
Duvey had booked a flat on the fourth floor of the Teerth Developers project in August 2014.
MahaRERA website will have names of defaulters
The RERA act itself demands this to be made public.
State government appoints officials for MahaRERA’s appellate tribunal
Meanwhile, last week, MahaRERA completed one year in the state.
MahaRERA to expand in rural areas
The coming year, the authority has decided to set up re-conciliatory forums in each divisions of the rural side of the state.
Developer told to advance possession by three years
The homebuyer had approached the authority to ask the developer for an interest payment for the delay.
Builder can’t profit if deed not registered: Authority
The authority held that as per the RERA Act, either party could claim interest only if a proper sale deed was executed between them.
Authority won’t entertain cases underway in consumer forum
The complaint further stated that Mr Chabria had also failed to inform him about the status of the construction, violating the RERA Act.