Latest news with #Rera
Time of India
5 days ago
- Business
- Time of India
Rera to oversee real estate registrations in Meghalaya
Shillong: Real Estate Regulatory Authority (Rera), Meghalaya will oversee the registration of real estate projects, promoters, and agents, an official statement said on Friday. The Government of Meghalaya had notified the Rera on Feb 18, 2020, under the Real Estate Regulation and Development)Act,2016 to create a transparent, accountable, and efficient framework for the real estate sector. RERA will also oversee compliance with the provisions of the Act and rules made thereunder, an inbuilt adjudicating mechanism for swift resolution of disputes, protection of home buyer interests through regulatory oversight, the official statement added. "The authority comprises a full-time chairman and two members, and functions as an independent statutory body," the statement said. The RERA office is located at the Urban Affairs Complex, Kharmalki (behind Shillong Law College), Dhanketi, Shillong. "This important step reflects the govt's commitment to responsible growth, consumer protection, and transparency in Meghalaya's future real estate development," the statement said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beyond Text Generation: An AI Tool That Helps You Write Better Grammarly Install Now Undo "RERA Meghalaya urges all promoters, developers, and real estate agents operating in the state to register themselves and their projects as mandated under the Act. This is not only a legal requirement, but also a key step toward building credibility and trust in the real estate ecosystem," the statement highlighted. Failure to comply may attract penalties and regulatory action under the Act, the media statement signed by the chairman, Rera, Meghalaya cautioned.
Time of India
15-07-2025
- Business
- Time of India
Rera Pb restrains realtor from booking, selling flats
Mohali: The Real Estate Regulatory Authority (Rera), Punjab has barred Chandigarh-based builder Motiaz from advertising, marketing, booking, or allotting flats in its project 'The Royale Sector 39 Extension' located in Mohali. Rera Punjab chairman Rakesh Kumar Goyal issued an interim order after noting that the developer failed to appear before the Authority despite being served multiple notices. The project, which has been widely advertised — including as an exclusive society for judges — has not been registered with Rera, in direct violation of Section 3 of the RERA Act. According to the complainant's counsel, advocate Mohit Uppal, the developer had been advertising and selling units without mandatory registration and had not even opened a separate escrow account for the project, as required under the law. "This interim relief is a major win for prospective buyers," said Uppal. "Despite ample opportunity, the respondents have not responded or appeared before the Authority." The authority has taken serious note of the alleged violations and granted interim relief, directing that no further promotion, booking, or sale of flats in the project shall be carried out until further orders. The interim stay will remain in place pending a detailed hearing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Birla Evara 3 and 4 BHK from ₹ 1.75 Crore* Birla Estates Learn More Undo The respondents have now been given a final opportunity to submit their reply by August 1, 2025. The matter is next listed for hearing on August 25, 2025, when further facts of the case will be examined. This order sends a strong message to errant builders operating without regulatory compliance, reinforcing RERA's commitment to protecting buyer interests.
Time of India
09-07-2025
- Business
- Time of India
Big relief for homebuyers! Karnataka government plans special cell to recover dues from builders
Bengaluru: Here is a ray of hope for homebuyers in Bengaluru and other parts of the state as the govt is finally cracking the whip on errant builders: A dedicated 'Recovery Cell' is in the final stages of being set up to ensure that real estate developers, who defy Karnataka Real Estate Regulatory Authority (K-Rera) orders with regard to compensating buyers, are held accountable and forced to pay up. This move comes after years of frustration for homebuyers, who neither received property ownership nor got compensation, despite clear directives from K-Rera. Speaking to TOI, Rera chairman Rakesh Singh confirmed most of the groundwork was completed and a final call on whether the cell should operate under Rera or revenue dept will be taken in a meeting to be chaired by the chief secretary next week. In fact, the concept of a recovery cell was mooted in the backdrop of non-adherence by realtors to Rera orders. "Though homebuyers were getting orders in their favour, the builders just shrugged off Rera directives and there was no accountability. But by establishing a recovery cell, compliance levels will go up," sources pointed out. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru As per official data, Rs 724 crore is yet to be recovered from over 1,500 builders across the state as of May 31, 2025, with Bengaluru urban topping the list with Rs 710 crore. Composition of recovery cell The cell will focus exclusively on implementing Rera orders and will be led by a special deputy commissioner. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Undo It will include two grade-1 tahsildars, two headmen, and supporting clerical staff. The officers will be authorised under Section 40(1) of Real Estate (Regulation and Development) Act, 2016, and Rule 25 of Karnataka RERA Rules, 2017. The cell will be empowered to treat these dues as arrears of land revenue and take coercive action, including attaching the properties of defaulting project promoters. Rera has also recommended this cell be brought under Sakala Mission framework to ensure time-bound execution. Box Homebuyers praise the move Homebuyers say this initiative of setting up the cell will help protect their rights. M S Shankar, national general secretary, Forum For People's Collective Efforts, said: "Though Rera Act has strong provisions to protect the interests of the real estate sector in general, and homebuyers in particular, it is currently criticised as a 'toothless tiger' — mainly due to poor recovery of money awarded to homebuyers under Rera orders. Officials are now planning to set up a dedicated recovery cell exclusively to recover dues from such orders. This is good news for homebuyers and could go a long way in resolving the ongoing issues surrounding refunds." Dhananjaya Padmanabhachar, convenor, Karnataka Home Buyers Forum, said, "Once Rera passes the orders, it is the responsibility of the revenue dept to enforce the recovery and ensure that homebuyers get justice. However, the revenue department often remains inactive and fails to take timely action. It is crucial to have dedicated revenue recovery officers either within Rera or revenue department to ensure effective recovery. These officers should also be empowered to attach the properties of defaulting promoters. Additionally, the revenue recovery mechanism should be brought under the Sakala Mission to ensure time-bound enforcement." Box 2: Recovery case details as on May 31, 2025 (District wise, Rs in Cr) District No. of cases where revenue recovery was ordered (Total RRC issued) Amount to be recovered from realtors Amount actually recovered Balance payable by realtors Bengaluru Urban 1,762 806.9 96.4 710.6 Bengaluru Rural 4 82.5 lakh - 82.5 lakh Mysuru 18 4.6 56.4 lakh 4.1 Dharwad 7 3.2 - 3.2 Belagavi 7 69.2 lakh 43.1 lakh 26.2 lakh Dakshina Kannada 13 4.1 - 4.1 Udupi 4 1.4 - 1.4 Total 1,815 821.8 97.4 724.4 *Figures rounded off Source: K-RERA
Time of India
06-07-2025
- Business
- Time of India
HC upholds Rera-backed co-op society,dismisses flat owners' welfare body plea
Bengaluru: In a verdict that could influence how apartment associations are constituted in real estate projects governed under Rera, the high court upheld the legality of the Commune 1 Apartment Co-operative Society. The court dismissed two writ petitions filed by a group of flat owners and their registered welfare association, concluding that the co-operative society formed under the Real Estate (Regulation and Development) Act (Rera) has the lawful authority to represent allottees and manage the project's common areas. The case pertains to the Commune 1 Apartment Project, where the Commune 1 Residents Welfare Association challenged the registration of the co-operative society formed on Aug 11, 2023. The association argued the society was illegally created by agreement holders from Towers A and E, which were still under construction. They contended these individuals had neither ownership nor possession and thus no right to take over project maintenance. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Meanwhile, residents of Towers B, C, and D, who had taken possession of flats, argued that only an association under the Karnataka Apartment Ownership Act (KAOA), 1972, could legally manage the property. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why seniors are rushing to get this Internet box – here's why! Techno Mag Learn More Undo Tensions escalated when Rera allowed the co-op society to take over the project in May 2024, followed by a district registrar's order preventing the welfare association from collecting maintenance. The petitioners sought to quash the co-op society's registration and restore their association's rights. However, the govt defended its action, stating that Rera's directions under Section 8 made the society's registration both valid and necessary. The state contended that under the Karnataka State Co-operative Societies Act, 1959, such a society could be formed even before project completion to protect buyers' interests. The high court observed that while KAOA applies post-ownership transfer, Rera governs the pre-ownership phase. It added that cooperative societies cannot be registered under KOFA, 1972, unless there is a commercial unit, and societies under the Karnataka Societies Registration Act (KSRA), 1960, cannot legally undertake apartment maintenance. Citing earlier cases — including Shantaram Prabhu, VDB Caledon, and DS Max — the court clarified that these applied to pre-Rera cases. The ruling noted that the Starnest judgment restricting society registration under KOFA to mixed-use projects no longer holds after Rera came into force. The court upheld the Commune 1 Co-operative Society's legal status and directed the builder to execute conveyance deeds for common areas within 120 days. It also urged the Union and State Law Commissions to clarify overlapping provisions in Rera, KAOA, KOFA and KSRA, calling the current legal framework a "Catch-22" for apartment buyers.
Time of India
06-07-2025
- Business
- Time of India
Uncertainty set to end? Draft of new apartment law in Karnataka nearly ready
Bengaluru: With thousands of apartment residents facing legal uncertainty over ownership, maintenance, and land rights, the Karnataka govt has confirmed that the long-pending draft of a new apartment act is nearly ready. The urban development department said the document — prepared in consultation with apartment associations, legal experts and stakeholders — will soon be sent to ministers for approval. Tushar Giri Nath, additional chief secretary of the department, said: "The draft is almost ready. We've had meetings, taken inputs from the law department and apartment owners. Final touches are being given before it is sent to the ministers. There's no deadline, but it is in its final stage." The proposed legislation is expected to replace the outdated Karnataka Apartment Ownership Act (KAOA), 1972. Apartment associations and homebuyers are now pushing the govt to introduce the bill in the monsoon session of the legislature and bring long-overdue clarity to flat owners' rights and responsibilities. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru The issue was first taken up formally in July 2023 during a Brand Bengaluru session chaired by deputy CM DK Shivakumar, where more than 300 RWAs demanded comprehensive legal reforms. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Vikram Rai, president of the Bangalore Apartments' Federation (BAF), said: "The 1972 law is obsolete. Apartment living has changed massively over the last 25 years. If all inputs are in, the draft must go to the cabinet now — not later this year." Dhananjaya Padmanabhachar, convenor of the Karnataka Home Buyers Forum, said Karnataka remains one of the few states without clear guidelines under Rera for registering associations of allottees or transferring common areas. "Because the govt failed to act, buyers were forced to approach courts. This law is urgently needed." --- Boxe 1 Key suggestions by BAF -Amend KAOA rules to guarantee conveyance of the entire property (land, flats, and assets) to owners -Appoint a competent authority and set up a dedicated enforcement department -Create a clear legal model for the functioning of owners' associations --- Box2 Why homebuyers want new act -For legal recognition of owners' associations -To enable representation in consumer forums, Rera, and courts -To provide a framework to manage funds and common areas -To ensure legal recourse for both owners and associations in case of disputes or dues
