Bombay HC Rules Real Estate Disputes Under Rera Non-Arbitrable

𝐋𝐚𝐧𝐝𝐦𝐚𝐫𝐤 𝐑𝐮𝐥𝐢𝐧𝐠 𝐛𝐲 𝐁𝐨𝐦𝐛𝐚𝐲 𝐇𝐢𝐠𝐡 𝐂𝐨𝐮𝐫𝐭: 𝐇𝐨𝐦𝐞𝐛𝐮𝐲𝐞𝐫𝐬’ 𝐑𝐢𝐠𝐡𝐭𝐬 𝐔𝐩𝐡𝐞𝐥𝐝!

The Bombay High Court has ruled that disputes between homebuyers and builders covered by RERA are non-arbitrable, ensuring all cases are addressed through RERA tribunals. This decision protects homebuyers from being redirected to private arbitration, securing their rights under the Real Estate Regulatory Act.

RERA tribunals are now firmly established as the primary forum for resolving buyer-builder disputes, even if agreements include arbitration clauses. This ruling strengthens transparency and accountability in real estate dealings.

#HomebuyersRights #RERA #RealEstateRegulations #ProtectYourInvestment

Source: https://realty.economictimes.indiatimes.com/news/rera/bombay-hc-rules-real-estate-disputes-under-rera-non-arbitrable/116967549

From Parking Rules To Guidelines On Senior Citizens’ Homes, MahaRERA’s Top 5 Game-changing Orders In 2024

MahaRERA’s Top 5 Game-Changing Orders in 2024!

In 2024, MahaRERA revolutionized Maharashtra’s real estate sector with bold, homebuyer-centric policies. From ensuring parking details are clearly mentioned in agreements to mandating timelines for amenities delivery, the authority has empowered buyers with transparency and accountability. Additionally, third-party quality checks and groundbreaking senior citizen housing guidelines further strengthened trust in the industry.

Former chairman Ajoy Mehta’s book, RERA – A Perspective, sheds light on the sector’s challenges, while new chairman Manoj Saunik continues the momentum. Though project grading was shelved due to legal constraints, MahaRERA’s initiatives have significantly boosted buyer confidence and set a benchmark for real estate governance.

#MahaRERA #RealEstateReforms #HomebuyerProtection

Source: https://www.hindustantimes.com/real-estate/from-parking-rules-to-guidelines-on-senior-citizens-homes-maharera-s-top-5-game-changing-orders-in-2024-101734111084461.html

Odisha Govt To Streamline Registration Of Common Area, Modalities For Pre-RERA Projects

𝐎𝐝𝐢𝐬𝐡𝐚 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐬 𝐀𝐩𝐚𝐫𝐭𝐦𝐞𝐧𝐭 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧

The state introduces buyer-friendly measures under RERA & Odisha Apartment Ownership Act 2023. Key updates include clear cost bifurcations for apartments and common areas, streamlined registration fees to prevent duplication, and enhanced transparency. Developers must adhere to prescribed norms, ensuring fair cost allocation and protection for homebuyers.

#OdishaRealEstate #RERAUpdates

Source: https://www.newindianexpress.com/states/odisha/2024/Nov/10/odisha-govt-to-streamline-registration-of-common-area-modalities-for-pre-rera-projects

RERA Relief For Homebuyers

𝐁𝐢𝐠 𝐑𝐞𝐥𝐢𝐞𝐟 𝐟𝐨𝐫 𝐇𝐨𝐦𝐞𝐛𝐮𝐲𝐞𝐫𝐬!

The Real Estate Regulatory Authority (RERA), Bihar, has passed a crucial order bringing relief to thousands of homebuyers who have been stuck in stalled projects. This landmark decision focuses on the issue of ‘lapsed’ building projects, where promoters fail to complete construction within the stipulated period.

Key Highlights:

The double bench, chaired by Vivek Kumar Singh and member S D Jha, addressed the ‘IOB Nagar Block B’ project of Agrani Homes Private Limited.
This order offers hope to homebuyers waiting for their homes, ensuring stalled projects are addressed effectively.

#RERA #HomebuyersRelief #StalledProjects #RealEstateRegulation #MACJ #HomeSafety #PropertyCare #ProtectYourHome

Source: https://timesofindia.indiatimes.com/city/patna/rera-grants-relief-to-homebuyers-stuck-in-stalled-projects/articleshow/114362194.cms

Homebuyers’ body demands setting up of Rera Monitoring Committee

Homebuyers Demand RERA Monitoring Committee (RMC)

The Forum for People’s Collective Efforts (FPCE) has urged the housing ministry to establish a RERA Monitoring Committee to ensure real estate regulators effectively enforce the RERA Act. The FPCE claims several projects remain unregistered and are facing significant delays despite legal obligations. They recommend an independent body of homebuyers and experts, excluding developers, to monitor deviations and improve accountability.

#RERAUpdate #HomeBuyersRights #RERAMonitoring #RealEstate

Source: https://timesofindia.indiatimes.com/business/india-business/homebuyers-body-demands-setting-up-of-rera-monitoring-committee/amp_articleshow/103231425.cms

Gurgaon RERA To Verify Consent In Case Of Building Plans Change

Gurugram RERA to Verify Consent for Building Plan Changes

In a new move, Gurugram RERA will now verify the consent of two-thirds of allottees before allowing any layout or building plan changes in real estate projects. This step ensures that homebuyers’ rights are protected under the *RERA Act*. Any objections will be addressed, and cases will be decided on merit, safeguarding the interests of all stakeholders.

For home inspection services, call +91 8584 855 470

#RERAUpdate #GurgaonRealEstate #HomeBuyersRights #BuildingPlans #MACJ

Source: https://www.rprealtyplus.com/news-views/gurgaon-rera-to-verify-consent-in-case-of-building-plans-change-116702.html

Haryana RERA To Check Consent For Layout Changes Submitted By Developers

𝐇𝐚𝐫𝐲𝐚𝐧𝐚 𝐑𝐄𝐑𝐀 𝐭𝐨 𝐕𝐞𝐫𝐢𝐟𝐲 𝐂𝐨𝐧𝐬𝐞𝐧𝐭 𝐟𝐨𝐫 𝐋𝐚𝐲𝐨𝐮𝐭 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 𝐒𝐮𝐛𝐦𝐢𝐭𝐭𝐞𝐝 𝐛𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐞𝐫𝐬

Haryana RERA has taken a significant step to protect homebuyers by ensuring the authenticity of the two-thirds consent required for any changes to layouts or building plans. Developers must obtain written consent from at least two-thirds of allottees before making revisions, as mandated by the Real Estate (Regulation and Development) Act of 2016.

This proactive move helps safeguard the rights of homebuyers and ensures transparency in the development process. Before any alterations are approved, the authority will now verify the consent provided by allottees to maintain the integrity of the process.

Key Points:

Developers must have written consent from two-thirds of allottees for layout or building plan changes.
Haryana RERA will now verify this consent to prevent future disputes.
This step ensures smoother project development and protects homebuyers’ interests.
For more information, stay tuned!

#HaryanaRERA #RealEstate #Homebuyers #PropertyDevelopment #Transparency #RERAAct #BuildingPlans #ProtectHomebuyers

Source: https://realty.economictimes.indiatimes.com/news/rera/haryana-rera-to-check-consent-for-layout-changes-submitted-by-developers/113210972

Supreme Court Holds Landowners Liable Along With Builder For Deficiencies In Flat Constructions

Supreme Court Ruling: A Landmark Win for Homebuyers’ Rights!

The Supreme Court has issued a significant ruling, ensuring that both builders and landowners are now held accountable for construction defects in flats. This is a major victory for homebuyers, providing them with greater protection and assurance that landowners cannot evade their responsibilities, even if there’s a cancellation of Power of Attorney between them and the builders.

What Does This Mean for You?

– Your rights as a homeowner are now strengthened.
– Landowners and builders are both responsible for the quality of construction.
– Greater confidence in your property investments.

#SupremeCourtRuling #HomebuyersRights #LandmarkJudgement #HomeInspection #MACJ #ProtectYourHome #PropertyCare #FlatConstruction #Accountability #BuilderResponsibility #RERA #MahaRERA #KRERA

Source: https://www.livelaw.in/amp/top-stories/supreme-court-holds-landowners-liable-along-with-builder-for-deficiencies-in-flat-constructions-268714

Homebuyers’ Body Seeks Housing Ministry’s Intervention Over RERA Conciliation Forum

Homebuyers’ Association Calls for RERA Conciliation Forum Reforms

The Forum for People’s Collective Efforts (FPCE) has urged the Ministry of Housing & Urban Affairs (MoHUA) to intervene in the functioning of RERA conciliation forums, citing concerns of bias towards developers, especially in Maharashtra. The FPCE demands new guidelines to ensure transparency, suspension of current forums, and a cooling-off period for RERA officials before joining real estate firms.

#RERAUpdate #HomeBuyersRights #TransparencyInRealEstate #FPCE

Source: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/homebuyers-body-seeks-housing-ministrys-intervention-over-rera-conciliation-forum/articleshow/112784409.cms?from=mdr

Notify Norms On Project Closure, Home Buyers Urge K-RERA Chief

K-RERA Update: Home Buyers Demand Project Closure Norms

The Karnataka Home Buyers Forum (KHBF) has urged RERA Karnataka to issue a notification mandating builders to formally close projects by transferring property titles and forming resident associations. Non-compliance with deadlines and withholding of escrow funds are causing economic stress to home buyers. KHBF references Odisha’s RERA practices as a model to follow in Karnataka.

For home inspection services, call +91 8584 855 470

#RERAUpdate #HomeBuyersAlert #ProjectClosure #PropertySafety

Source: https://timesofindia.indiatimes.com/city/bengaluru/notify-norms-on-project-closurehome-buyers-urge-k-rera-chief/articleshow/113066498.cms