UP-RERA holds weekly ‘RERA Samvaad’ to address homebuyers’ grievances

UP-RERA’s Weekly “RERA Samvaad” Addresses Homebuyers’ Concerns

UP-RERA’s weekly “RERA Samvaad” continues to provide a vital platform for addressing homebuyers’ concerns, particularly regarding possession delays. Chairman Sanjay Bhoosreddy highlighted the initiative’s role in building consumer confidence and fostering transparency within the real estate sector.

Recent Session Highlights

The recent session, attended virtually by 24 registered homebuyers from locations including Dubai and NCR, focused on legal remedies available to those facing delayed possession despite substantial payments. UP-RERA officials outlined options such as:

  • Filing complaints
  • Initiating action against defaulting promoters
  • Emphasizing the efficient online grievance redressal system.

UP-RERA’s Commitment

Bhoosreddy reiterated UP-RERA’s commitment to prioritizing complaint resolution and holding errant promoters accountable. He stated that the “RERA Samvaad” sessions aim to minimize future issues through direct engagement and increased awareness.

Ongoing Dedication

With 4,742 sessions already conducted and weekly sessions continuing every Saturday, UP-RERA demonstrates its ongoing dedication to supporting homebuyers.

Source: https://realty.economictimes.indiatimes.com/news/rera/up-rera-launches-weekly-rera-samvaad-to-resolve-homebuyer-issues/123515692?utm_source=Mailer&utm_medium=newsletter&utm_campaign=etrealty_news_2025-08-26&dt=2025-08-26&em=bWFoZW5kcmEuc3VyZWthQGdtYWlsLmNvbQ==

#RERASamvaad #HomebuyerRights #UPRERA #RealEstateTransparency #ConsumerConfidence

Maharashtra REAT overturns unilateral possession date extension by MahaRERA

Maharashtra Tribunal Rules Against Unilateral Possession Date Extensions

The Maharashtra Real Estate Appellate Tribunal (MREAT) overturned a MahaRERA order that unilaterally extended the possession date for Supreme Construction and Developers’ Navi Mumbai project, Clan City-Ruby, ruling such extensions unlawful without homebuyers’ consent.

Key Highlights

  • Homebuyers Neha and Nitin Walavalkar, awaiting possession since December 2017, will now receive interest from January 2018, instead of January 2021 as previously ordered by MahaRERA.
  • MREAT rejected the promoter’s claims of Covid-related delays and MMRDA infrastructure issues as force majeure, finding the original possession date predated the pandemic.

MREAT’s Criticism of MahaRERA’s Order

MREAT criticized MahaRERA’s earlier ruling, stating it illegally altered the agreement for sale and arbitrarily extended the possession date without considering individual case details. The tribunal emphasized that MahaRERA cannot unilaterally amend the possession date. Furthermore, MREAT deemed MahaRERA’s directive to only pay interest after receiving the Occupancy Certificate inconsistent with the RERA Act.

Source: https://realty.economictimes.indiatimes.com/news/rera/maharashtra-tribunal-rules-against-unilateral-possession-date-extensions-by-maharera/123493765

#MaharashtraRealEstate #MahaRERA #MREATJudgment #HomebuyersRights #RERACompliance #RealEstateLaw #NaviMumbaiProjects #PropertyDisputes

Delayed construction in non-RERA complaint project: Homebuyers to get refund with 11% interest from builder as per Telangana RERA order

Telangana RERA Orders Refund with Interest

Telangana RERA (TGRERA) has ordered a builder to refund 62 homebuyers with 11% interest after finding the builder misused their funds on other projects. The builder, operating since 2021, failed to register the project under RERA, a legal requirement for projects exceeding 500 sq m or 8 apartments. Construction was only 20% complete by June 2024, far beyond the promised December 2023 possession date.

Key Findings

  • Refund Order: Builder must refund 62 homebuyers.
  • Interest Rate: 11% interest on the refund amount.
  • Reason: Misuse of funds on other projects.
  • RERA Violation: Failure to register the project under RERA.

Project Details

Criteria Details
Builder’s Operation Since 2021
RERA Registration Requirement Projects exceeding 500 sq m or 8 apartments
Construction Completion (June 2024) 20%
Promised Possession Date December 2023

TGRERA’s Stand

TGRERA deemed the builder’s actions a “glaring violation” of RERA regulations, highlighting a pattern of non-compliance across multiple projects. The authority emphasized that statutory approvals pending is not a justification for non-compliance. Experts hail the ruling as a reinforcement of RERA’s purpose: protecting homebuyers and regulating the real estate industry, warning buyers to verify registration and approvals.

Implications and Expert Advice

  • TGRERA’s View: Builder’s actions are a “glaring violation” of RERA regulations.
  • Pattern of Non-Compliance: The builder has shown a pattern of non-compliance across multiple projects.
  • Statutory Approvals: Pending approvals are not a justification for non-compliance.
  • Expert Opinion: Ruling reinforces RERA’s purpose of protecting homebuyers and regulating the industry.
  • Buyer’s Responsibility: Buyers are warned to verify registration and approvals before investing.

Source: https://economictimes.indiatimes.com/wealth/legal/will/delayed-construction-in-non-rera-complaint-project-homebuyers-to-get-refund-with-11-interest-from-builder-as-per-telangana-rera-order/articleshow/121511082.cms?from=mdr

#TelanganaRERA #HomebuyerRights #RERAIndia #RealEstateAlert #RefundWithInterest #BuilderViolation #ProtectHomebuyers #RERALaw #PropertyInvestment #RealEstateRegulations #HomebuyerAwareness #RERARules #PropertyRefund #TGRERA #KnowYourRights

RERA’s Impact Five Years Later

India’s Real Estate (Regulation and Development) Act (RERA)

India’s Real Estate (Regulation and Development) Act (RERA), implemented in 2017, has revolutionized the real estate sector by addressing issues like project delays and lack of transparency. RERA mandates project registration, accurate disclosures, and compensation for delays, fostering trust between developers and buyers.

Key Impacts of RERA

  • Standardized pricing based on carpet area has eliminated hidden costs and improved financial clarity.
  • State-level implementation enhances efficiency by addressing local market nuances and streamlining dispute resolution.

Overall Assessment

While challenges remain in full implementation and enforcement, RERA has significantly improved accountability and consumer protection. It has laid a robust foundation for a more regulated, transparent, and reliable real estate market, marking a paradigm shift toward a buyer-friendly environment. Its success hinges on continued state-level commitment and stronger enforcement mechanisms.

#RERA #RealEstateIndia #RERAAwareness #RealEstateRegulation #PropertyTransparency #BuyerProtection #HomebuyersIndia #RERAImpact #RealEstateReform #RERARules

Source: https://www.constructionworld.in/latest-construction-news/real-estate-news/rera—s-impact-five-years-later/72422

Check Rera-compliance, Buyers Advised at Times Expo

Times Property Expo Highlights RERA Importance in Lucknow

At the Times Property Expo in Lucknow, experts stressed the importance of RERA registration for both builders and projects, urging homebuyers to prioritize due diligence. While RERA has increased transparency, customer awareness remains crucial to prevent fraud. Buyers should verify builder registration and escrow account compliance, advised Syed Mohammad Qadir Ali of MI Group.

RERA’s Impact on Accountability and Confidence

S K Jaggi of Eldeco noted that RERA is improving accountability and buyer confidence. Lucknow’s real estate market, boosted by infrastructure development and connectivity, offers attractive returns, attracting investors from across India, highlighted Wasif Ali Siddiqui of Ekana Sports City.

Beyond Traditional Housing: Sustainable Living

Beyond traditional housing, Garvesh Srivastava of Amrut Farms emphasized community development with projects focused on sustainable living, featuring organic orchards and gardens.

LDA’s Commitment to Quality and Affordable Housing

LDA Vice Chairman Prathamesh Kumar reiterated the commitment to quality, affordable housing, emphasizing the positive impact of RERA and infrastructure improvements on the reformed real estate sector.

#TimesPropertyExpo #LucknowRealEstate #RERAIndia #HomebuyerAwareness #PropertyInvestment #AffordableHousing #SustainableLiving #RealEstateTransparency #InvestInLucknow

Source: https://timesofindia.indiatimes.com/city/lucknow/check-rera-compliance-buyers-advised-at-times-expo/articleshow/120044239.cms

Odisha RERA Appoints Forensic Audit Firms to Probe Project Irregularities

ORERA Launches Forensic Audits for Real Estate Projects

To boost transparency and accountability, the Odisha Real Estate Regulatory Authority (ORERA) is launching a new initiative involving specialized forensic audits of real estate projects. These audits will target projects facing delays, financial mismanagement, or irregularities, safeguarding homebuyers’ interests.

Forensic Audit Teams and Focus Areas

ORERA will deploy forensic audit teams to thoroughly investigate project accounts and financial records, focusing on significant delays, financial oversight issues, and unauthorized pre-launch bookings. Promoters must cooperate fully, providing all necessary documentation; non-compliance will result in penalties under the RERA Act.

Legal Basis and Expert Opinion

Supported by Section 35(1) of the RERA Act, empowering ORERA to request information and conduct inquiries, this move enhances regulatory oversight. Experts believe forensic audits will identify financial irregularities, prevent fund diversion, and reduce project delays, promoting better business practices.

Benefits for Homebuyers

Homebuyers benefit through reduced investment risk and a more trustworthy market. ORERA encourages reporting suspicious activities, promising prompt investigation and action. This proactive approach aims to address issues before they escalate, protecting homebuyers and fostering a more reliable real estate environment.

Source: https://www.rprealtyplus.com/news-views/odisha-rera-appoints-forensic-audit-firms-to-probe-project-irregularities-119348.html

#ORERA #ForensicAudit #RealEstateTransparency #HomebuyerProtection #RERAAct #OdishaRealEstate #ProjectDelays #FinancialAccountability #SafeInvestments #RealEstateReform #RegulatoryOversight #HomebuyerRights #RealEstateAudit #RERAIndia #AccountableRealEstate

Good News For Homebuyers: Govt To Launch Unified RERA Website To Offer Real-Time Updates On Builders, Projects And Complaints

Unified RERA Website to Enhance Transparency for Homebuyers

To enhance transparency and empower homebuyers nationwide, the government plans to launch a unified RERA website. This initiative addresses the current fragmented landscape of state-specific RERA platforms and aims for uniformity, potentially modeling the new site after Gujarat’s RERA example.

Key Features of the Unified Platform

  • Easily track project statuses across states
  • Access builder/developer records
  • View complaints against builders/developers

Currently, a builder’s projects in Uttar Pradesh, for example, are only visible on the UP RERA website, obscuring their activities elsewhere.

Benefits of Data Integration

Under RERA law, mandatory registration and regular monitoring are already in place. Integrating data from all RERA-registered projects into a single, accessible source will significantly boost transparency.

Expert Opinion

Abhay Upadhyay of FPCE emphasizes the urgent need for this unified platform, advocating for comprehensive access to information on all builders and developers’ projects. The consolidated website aims to provide homebuyers with a clearer understanding of builder operations and project progress nationwide.

Source: https://english.jagran.com/india/unified-rera-website-noida-homebuyers-builder-status-urban-development-ministry-fpce-builders-complaints-10225825

#RERA #UnifiedRERA #HomebuyerRights #RealEstateTransparency #GovernmentInitiative #PropertyAlerts #BuilderWatch #HomeBuyingIndia #RealEstateReform #RERANews #DigitalIndia #ProjectTransparency #FPCE #RealEstateUpdates

Over 97 lakh real estate units registered under RERA in India’s top 10 states in 8 years: PropEquity

RERA’s Impact on Real Estate Project Registrations

Since RERA’s implementation in 2017, the top 10 states have registered 1.19 lakh real estate projects comprising 97.14 lakh units, according to PropEquity.

State-wise Project Registrations

  • Maharashtra leads with 40% of projects.
  • Tamil Nadu follows with 17%.
  • Gujarat accounts for 14%.

Top Cities for Project Registrations

Pune, Thane, and Hyderabad rank as the top three cities with the highest project registrations.

Trends in Project Registrations

While project registrations saw a surge between 2020 and 2022, they decreased by 21% between 2022 and 2024.

PropEquity CEO’s Perspective

PropEquity CEO Samir Jasuja highlights RERA’s positive impact on transparency and investment in the real estate sector. Post-RERA absorption rates have generally exceeded launches, demonstrating market maturity.

Average Units per Project

The report also indicates Uttar Pradesh has the highest average units per project at 184.

#RealEstate #RERA #PropEquity #RealEstateIndia #PropertyMarket #InvestmentTrends #HousingProjects #Maharashtra #TamilNadu #Gujarat #Pune #Thane #Hyderabad #MarketTrends #ProjectRegistrations #TransparencyInRealEstate

Source: https://www.cnbctv18.com/real-estate/top-10-states-with-highest-rera-registered-real-estate-projects-2024-19566627.htm

Banks can’t Seize Buyers’ Flats for Developer’s Default: West Bengal

Significant Judgment by West Bengal Real Estate Appellate Tribunal

The West Bengal Real Estate Appellate Tribunal has delivered a significant judgment protecting homebuyers from bank recovery actions in real estate projects. The case involved nine apartment owners in the Ideal Exotica project in New Alipore who faced losing their homes due to developer Ideal Real Estates’ loan default to Yes Bank.

Details of the Case

Yes Bank, seeking to recover a Rs 320 crore loan, attempted to seize the flats, valued between Rs 1.95 crore and Rs 3.14 crore each, through the SARFAESI Act, despite the buyers already occupying them and having completed property mutations.

Legal Proceedings and Outcome

The homebuyers appealed to the West Bengal Real Estate Regulatory Authority (WBRERA), which ruled in their favor. Yes Bank challenged this ruling, but the Appellate Tribunal upheld WBRERA’s decision, preventing the bank from taking possession or auctioning the flats.

Implications

This landmark decision establishes a crucial precedent, safeguarding homebuyers’ interests against aggressive loan recovery tactics by financial institutions.

 

#RealEstateJudgment #HomebuyersRights #WestBengalTribunal #LegalVictory #RealEstateLaw #HomeOwnership #PropertyRights #WBRERA #ConsumerProtection #LandmarkDecision #LegalNews #RealEstateUpdate

 

Source: https://realty.economictimes.indiatimes.com/news/residential/banks-cant-seize-buyers-flats-for-developers-default-west-bengal-tribunal/117665250

WBRERA help buyers get alternative flats where projects were incomplete

WBRERA Helps Buyers Get Alternative Flats Where Projects Were Incomplete

The West Bengal Real Estate Regulatory Authority (WBRERA) has successfully intervened in two separate cases, securing alternative housing for flat buyers whose projects were delayed. The cases highlight WBRERA’s commitment to protecting consumer rights in the real estate sector.

Case 1: Smart Home Residency – I

In the first case, a buyer who booked a flat in “Smart Home Residency – I” filed a complaint with WBRERA after the promoter failed to deliver the property within the agreed timeframe. Following a hearing with both parties, WBRERA facilitated an agreement where the promoter provided the buyer with a fully habitable alternative flat.

Case 2: Soumita Construction Pvt Ltd

Similarly, another complainant who invested in a project by Soumita Construction Pvt Ltd faced delays, prompting her to seek WBRERA’s intervention. After reviewing the complaint and conducting a hearing, WBRERA ensured that the construction company provided her with a suitable alternative flat.

These cases underscore the effectiveness of WBRERA in resolving disputes between buyers and promoters. WBRERA encourages flat buyers facing issues such as delayed possession, unwarranted demands for additional funds, discrepancies in carpet area, substandard construction, lack of promised amenities, inadequate sewage systems, or absence of completion certificates to file a complaint.

Filing a Complaint with WBRERA

  • Filing a complaint with WBRERA is accessible, requiring a fee of just Rs 1,000.
  • Buyers can file complaints online via the WBRERA website (rera.wb.gov.in) by clicking on the complaint box.
  • Alternatively, they can download Form ‘M’ from the same section, complete it, and submit it to the WBRERA office.

#WBRERA #RealEstate #AlternativeFlats #ConsumerRights #BuyerProtection #HousingJustice

Source: https://www.millenniumpost.in/bengal/wbrera-help-buyers-get-alternative-flats-where-projects-were-incomplete-599068