Tag: guj-rera

The Gujarat Real Estate Regulatory Authority (GujRERA) will introduce its RERA 2.0 portal on November 24. The authority had discontinued the use of its older portal on November 16. Sources said the new portal is designed in accordance with the RERA Act and GujRERA rules and will ease business for the real estate sector. RERA 2.0 will make the processes of registration, alteration and extension paperless and faceless. GujRERA sources said they received several representations from stakeholders about changes needed on the old portal, which was in place for more than five years. “The older portal required some details online and others offline. Processes under the new portal will be fully online. On the older portal, the due diligence for town planning, finance and legal aspects were done one after another, while the new portal will carry out these processes simultaneously so the registration process will get quicker.”
The sources said the new portal will have data filling instead of the uploading of PDFs required on the older portal. “This will ensure that if there is an error in the data, it can be rectified immediately. Project alteration and extension applications were also physical thus far. These will be online with the new portal, so developers from other cities do not need to come to Gandhinagar for them,” said a GujRERA officer on condition of anonymity.
“GujRERA had introduced a revised version of its portal on March 14, 2022, and some 350 registrations were done on that. However, there were certain issues so the revised portal will go live from November 24,” a GujRERA source said.
Dhruv Patel, president of Credai Ahmedabad, said, “There were some technical issues on the older portal which will be resolved in the new one. It will ensure ease of doing business for the real estate industry.”

Source: https://timesofindia.indiatimes.com/city/ahmedabad/rera-2-0-portal/articleshow/105400489.cms

In an unprecedented development, the adjudicating authority of RERA detained a builder under civil prison for 15 days for alleged wilful disobedience. The man’s health deteriorated from the shock after which he had to be admitted to a private hospital in Gandhinagar. The builder was taken into the custody by RERA officials and kept in the office in Gandhinagar overnight after he was allegedly found guilty of disobedience.

RERA’s adjudicating authority P R Patel took the stringent action after he found irregularity and that the regulator had granted injunction on sale of seven bungalows built under a scheme called Kedarnath Bungalows, developed by Rajesh Motiyani and his partners in the firm Rameshwar Developers. The authority has also issued notices to the three partners Anil Gidhawani, Anil Vidhani and Kamlesh Makhija.
As per the case details, the firm had purchased land from Ozon Developers for a consideration of Rs 9.15 crore by registering a sale deed on October 21, 2015. The applicants, Ashish Tekwani and others, purchased seven bungalows in the scheme in 2016-17 and paid earnest money to the firm. The project application was pending and the scheme also remained uncompleted. The applicants later filed a complaint before RERA in 2019 over the issue.

During the proceedings, Motiyani declared before the authority that he had no objection if the interim or final injunction would be granted against transfer of the bungalows. He had also declared that he was reconstituting the partnership firm and preparing necessary documents for registration before RERA. The three partners remained absent in the proceedings. On September 12, 2019, RERA passed an order in favour of the applicants and directed the builder to complete the remaining work within six months and hand over possession to them. It was also directed not to sell the seven bungalows or transfer the scheme to anybody else without taking consent of the allottees. The order was not challenged in any higher forum and hence it attained finality.

When the builder didn’t comply with the order issued by RERA and didn’t give the possession, the complainant filed Execution Proceedings under section 40 of Gujarat RERA Act on March 17, 2021. During the hearing, the builder assured that construction would be completed and the approval of the project would be taken from RERA.

Later, the builder sold the land with all 12 bungalows to one Arjun Khilwani for a consideration of Rs 3.74 crore through a registered sale deed at Naroda sub-registrar office without obtaining prior approval from RERA. The sub-registrar registered the property though the order issued by RERA on September 12, 2019 was conveyed to his office. The authority sought explanation, but he couldn’t give any and he was taken into civil custody for 15 days for wilful disobedience on Monday.

Meanwhile, the court issued show cause notice to the sub-registrar of Naroda ward, Praful Modi, for registering the property despite an injunction granted by RERA over selling or transferring bungalows booked by a complainant. As per RERA law experts, this is the first time such a situation has arisen.

Source: https://www.ahmedabadmirror.com/rera-adjudicator-cracks-the-whip/81840478.html

The Gujarat Real Estate Authority imposed a fine for ₹ 6 lakh on a real estate firm over its three projects in Gandhinagar not properly mentioning the RERA registration number on its website address.
As per the case details, the RERA took up suo motu case against the Kavyaratna group, the promoter of the development projects in Gandhinagar. It came to the notice of the RERA that the group has launched three projects namely Sanskruti, Shrusti and Nakshtra in Gandhinagar. When officials visited the site, the address of the official website was not mentioned on the advertisement hoardings at the spot and the registration number given by RERA was shown in very small fonts. This was deemed as the promoter violating RERA’s circular on the issue and also section 11(2) of RERA Act.

RERA bench headed by chairman Amarjit Singh issued a show-cause notice to the builder to explain why fine should not be imposed for violating RERA norms and asked him to remain present on May 10. Smit Patel, promoter of the group, appeared before the bench and assured that henceforth he will take care that such rules are complied with.

However, the RERA was not impressed with the assurance and decided to impose a fine. It noted that the highest possible 5% fine of the project cost can be imposed on the promoter in case of such violations. Sanskruti project is worth ₹ 167 crore, Shrusti ₹ 102 crore and Nakshtra worth ₹ 52 crore. “We are not going to impose the highest fine of 5% of the project cost, but a fine of ₹ 2 lakh for each project is imposed in the case,” the bench noted in its order.

The bench clarified that the promoter should deposit the amount of fine from his own pocket and not from the bank account of the project.

Meanwhile, RERA experts opined that builders should strictly follow the norms, and at the same time the authority should impose only a symbolic fine. “RERA norms have been introduced by the government to bring accountability and transparency in the real estate sector, and the sector has witnessed tremendous improvement after their introduction. Such a mistake can be a human error done inadvertently and the authority may impose a symbolic fine. Hefty fines needed only in case of serious breaches,” said Mahadev Birla, state president of the RERA Practitioners Welfare Association.

Source: https://www.ahmedabadmirror.com/suo-motu-case-against-kavyaratna-group/81832558.html

Gujarat Real Estate Regulatory Authority (GujRERA) has extended the deadline for the submission of the annual report on statement of accounts by real estate developers for fiscal 2020-21. The last date for the submission has been extended till December 31, 2021, to provide relief to developers amid the disruptions caused by the Covid-19 pandemic.

Real estate developers are required to submit the annual report on statement of accounts in Form-5 within six months after the end of every fiscal year for every registered project. The Covid-19 pandemic and the country-wide lockdown as well as restrictions halted all activities in the real estate sector, the state real estate regulator said in its recent order. It added that various other statutory bodies such as CBDT (Central Board of Direct Taxes) have extended the due date for the submission of annual compliances. Providing a relaxation in the due date of the statutory compliance will give relief to promoters.

“The last date for the submission of Form-5 for the financial year 2020-21 which is due on 30th September 2021, is extended up to 31st December 2021,” Gujarat RERA said in its order.“Promoters and chartered accountants are required to comply with the requirement of submission of Form-5 by the revised time period,” the state authority added.

Source: https://timesofindia.indiatimes.com/city/ahmedabad/gujrera-extends-deadline-to-file-annual-report/articleshow/86379008.cms

Ahmedabad

Gujarat has left behind all other Indian states except Maharashtra in registration of projects under the new realty law — Real Estate (Regulation and Development) Act (RERA) — which had come into effect almost two years ago.

As many as 5,317 real estate projects have so far been registered with Gujarat’s real estate regulatory authority, the number being the second highest in India after Maharashtra, shows data compiled by ANAROCK Property Consultants. Apart from this, 889 real estate agents and agencies have registered themselves with the RERA authority in the state.

Maharashtra tops the list of states in RERA compliance with 20,718 registered realty projects and about 19,699 real estate agents. According ANAROCK, project and real estate agent registrations have been on the rise across most states from November 2018 to April 2019. Maharashtra leads the race followed by Gujarat.

“The compliance in Gujarat is very strong due to the laying of a well thought-out regulatory regime. There were technological and transitional issues, but the state regulator proactively provided handholding support to promoters and professionals,” said a real estate industry expert.

The credit should also go to the state’s realtors and professionals, said experts, for their willingness to adopt the new regime. Professionals swiftly understood the requirement of the regulator and guided the promoters in the right direction.

At present, 22 states and 6 Union territories have already notified their RERA rules, out of which 19 states have active online portals. West Bengal too has an active portal for its own real estate law.

Source: www.realty.economictimes.indiatimes.com/news/industry/gujarat-second-in-number-of-works-under-rera/69107187