Browsing Tag

RERA

104 posts
Vikas Oberoi Reveals Oberoi Realty’s Profit Playbook: How Cyclical Sales and RERA Rules Fuel Margins

Vikas Oberoi Reveals Oberoi Realty’s Profit Playbook

Oberoi Realty deliberately slows sales mid-project to avoid cheap deals and RERA-locked cash, banking on 20% price jumps as possession nears, Vikas Oberoi revealed in the Q2 FY26 earnings call.
The Haryana Real Estate Appellate Tribunal has ruled that decisions under RERA cannot be taken by one member alone. The landmark ruling strengthens due process for real estate regulators nationwide.

Policy or Regulatory Decisions Under RERA Must Be Taken by the Authority as a Whole, Not by One Member Sitting Alone

The Haryana Real Estate Appellate Tribunal has ruled that decisions under RERA cannot be taken by one member alone. The landmark ruling strengthens due process for real estate regulators nationwide.
The Maharashtra Real Estate Appellate Tribunal (MahaREAT) set aside a MahaRERA order, ruling that a cooperative housing society that terminates a developer and undertakes self-redevelopment is not a 'Promoter' under RERA and is not liable for the former developer's debts or obligations to third-party allottees.

MahaREAT Landmark Ruling: Housing Societies Not Automatically ‘Promoter’ for Erstwhile Developer’s Liabilities

The Maharashtra Real Estate Appellate Tribunal (MahaREAT) set aside a MahaRERA order, ruling that a cooperative housing society that terminates a developer and undertakes self-redevelopment is not a ‘Promoter’ under RERA and is not liable for the former developer’s debts or obligations to third-party allottees.
In a pioneering ruling, MahaREAT directs developers to repay a buyer's 2009 cash booking of ₹7.5 lakh as part of ₹15 lakh relief with interest, upholding an unregistered deal and piercing partnership defenses.

Delay Excused: Developer’s Appeal Against MahaRERA to Proceed

In a significant ruling for homebuyers, the Maharashtra Real Estate Appellate Tribunal (MahaREAT) has allowed a developer’s delayed appeal to proceed. The developer, Runwal Developers Pvt. Ltd., successfully argued that a long delay in challenging a MahaRERA order was due to their “bonafide” pursuit of a review application. While the court recognized the delay , it concluded there was no negligence or intentional prolonging of the matter. The appeal was allowed on the condition that the developer pays a cost of ₹10,000 to the homebuyers.
In a pioneering ruling, MahaREAT directs developers to repay a buyer's 2009 cash booking of ₹7.5 lakh as part of ₹15 lakh relief with interest, upholding an unregistered deal and piercing partnership defenses.

Possession Dates Are Not Up For Negotiation

In a landmark relief for homebuyers, the Maharashtra Real Estate Appellate Tribunal has stayed a MahaRERA order that overturned refund reliefs, ruling that review powers cannot amend substantive orders. This precedent strengthens homebuyer protections against promoter tactics.