RERA Authority Holds Firm Position in Uttar Pradesh

October 21, 2018

RERA Uttar Pradesh

  • Uttar Pradesh notified the Real Estate (Regulation and Development) Rules on October 27, 2016.
  • The office of Regulatory Authority is located at Naveen Bhavan, Rajya Niyojan Sansthan, Kala Kankar House, Old Hyderabad, Lucknow – 226007.
  • Former chief secretary Rajive Kumar has been appointed the new full-time chairman of the Uttar Pradesh Real Estate Regulatory Authority (UPRERA)
  • Website Launched on 26th July, 2017.

Slow and Steady RERA taking Shape in Delhi NCT (National Capital Territory)

October 14, 2018

RERA Delhi

  • RERA Act, passed in Delhi on 26th March, 2016. Notification dated 26th March, 2016.
  • Notification dated 21st Nov. 2016, Shri Udai Pratap Singh, Vice Chairman, DDA (Delhi Development Authority) has been designated as Regulatory Authority for the purpose of the Act.
  • The office of Regulatory Authority is located at 14th Floor, Vikas Minar, ITO, New Delhi.
  • Rules Notified in Delhi dated 24th November, 2016.
  • RERA NCT Website launched. (Visit: www.dda.org.in/rera/)

WB Housing & Industry Regulatory Authority Dawns in West Bengal to protect Home Buyers

September 21, 2018
  • Government of West Bengal (Housing Department) appoints 1st Day of June, 2018 as the date, the WB Housing Industry Regulation Act, 2017, will come into force. (Notification dated 29th March, 2018).
  • Official Website of WB HIRA Authority launched. (Visit hira.wb.gov.in for more details).
  • The Office of West Bengal HIRA established at Calcutta Green’s Commercial Complex, 1st Floor, 1050/2 Survey Park, Kolkata - 700075. (Notification dated 6th June 2018).
  • WB HIRA Authority starts taking up processing of the application for registration of projects / Real Estate Agents (Notification dated 15th September 2018).
  • Shri. Adip Kumar Ray appointed to the post of Member Secretary, WB, HIRA (Notification dated 21st June 2018).
  • The Secretary, Housing Department, Government of West Bengal designated as the Regulatory Authority under WB HIRA (Notification dated 13thSeptember 2018).

West Bengal HIRA Updates

September 15, 2018
  • The Housing Industry Regulatory Authority (WB HIRA) has been established under Section 20 of West Bengal Housing Industry Regulatory Act, 2017 which has been published in the Official Gazette dated 17th October, 2017 and came into effect on 1st June, 2018.
  • The WB HIRA (West Bengal Housing Industry Regulatory Authority) website was recently launched.
  • Shri. Adip Kumar Ray has been appointed to the post of Member Secretary, vide Notification No – 730 – PAR (WBCS)/1D – 150/18 dated 21st June 2018.

For further information please visit hira.wb.gov.in

Advantage Home Buyers

RERA, 2016

5 years free-of-cost guarantee from structural / workmanship defect or any other quality or provision of services or any other obligations of promoter as per agreement for sale from the date of handing over possession, it shall be the duty of promoter to rectify such defects without further charge, within thirty days. In the event of promoter's failure to rectify such defects within such time, the aggrieved allottees shall be entitled to receive appropriate compensation in the manner as provided under this Act.

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Advantage Home Buyers RERA, 2016

  • Depositing 70% of funds collected from buyers in separate bank account (Escrow) & used for project.
  • Mandatory for all project builders to register with RERA before launching their projects.
  • Developers to upload on RERA website all project details, including approved layout plan, timelines, cost, sale agreement formats.
  • No advance (>10%) to be taken by promoter without entering in to an agreement for sale.
  • Proposed project to be developed / completed by promoter in accordance with the sanctioned plans. Any additions and alterations cannot be made without previous consent of allottees.
  • 5 years free-of-cost guarantee from structural / workmanship defect or any other quality or provision of services or any other obligations of promoter as per agreement for sale from the date of handing over possession, it shall be the duty of promoter to rectify such defects without further charge, within thirty days. In the event of promoter's failure to rectify such defects within such time, the aggrieved allottees shall be entitled to receive appropriate compensation in the manner as provided under this Act.
  • Stringent penalties / penal provisions for developers / agents / buyers for violation of orders of Appellate Tribunals and Regulatory Authorities.

Advantage Home Buyers RERA, 2016
  • Depositing 70% of funds collected from buyers in separate bank account (Escrow) & used for project.
  • Mandatory for all project builders to register with RERA before launching their projects.
  • Developers to upload on RERA website all project details, including approved layout plan, timelines, cost, sale agreement formats.
  • No advance (>10%) to be taken by promoter without entering in to an agreement for sale.
  • Proposed project to be developed / completed by promoter in accordance with the sanctioned plans. Any additions and alterations cannot be made without previous consent of allottees.
  • 5 years free-of-cost guarantee from structural / workmanship defect or any other quality or provision of services or any other obligations of promoter as per agreement for sale from the date of handing over possession, it shall be the duty of promoter to rectify such defects without further charge, within thirty days. In the event of promoter's failure to rectify such defects within such time, the aggrieved allottees shall be entitled to receive appropriate compensation in the manner as provided under this Act.
  • Stringent penalties / penal provisions for developers / agents / buyers for violation of orders of Appellate Tribunals and Regulatory Authorities.