Browsing Tag

RERA

115 posts
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Developer’s Accounts Frozen for Failure to Pay Allottees, Tribunal Rejects Plea to Unfreeze

A Mumbai-based real estate developer, Altaa Construction, has had its plea to unfreeze bank accounts rejected by the Maharashtra Real Estate Appellate Tribunal. The accounts were frozen by authorities due to the developer’s continuous failure to comply with orders dating back to 2020, which mandated the payment of Rs. 71 lakh in interest to allottees. The Tribunal cited a “dilatory strategy with malafide intentions” on the part of the developer, noting the allottees’ five-year struggle to recover their dues.
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Not Just Developers! Tribunal Says Society is Also a Promoter Under RERA

In a major ruling, the Maharashtra Real Estate Appellate Tribunal held that a society redeveloping its own property after terminating the builder is also a “promoter” under RERA — making it liable to compensate flat buyers and requiring it to deposit funds before appealing.
Vikas Jain, CEO of Labdhi Lifestyle, takes charge as President of NAREDCO Maharashtra NextGen

Vikas Jain Appointed President of NAREDCO Maharashtra NextGen, to Drive Finance-Led Growth in Real Estate Sector

Vikas Jain, CEO of Labdhi Lifestyle, has been appointed as President of NAREDCO Maharashtra NextGen. A turnaround specialist known for reviving stressed projects, Jain aims to drive sectoral growth through finance-focused leadership, RERA compliance, and technology adoption, positioning the real estate sector for a $1 trillion future by 2030.
MahaRERA

MahaRERA Becomes First in India to Cross 50,000 Housing Project Registrations

MahaRERA has made history by becoming the first and only state real estate authority in India to register over 50,000 housing projects. With 35% of the nation’s total registered housing developments, Maharashtra outpaces Tamil Nadu and Gujarat by a wide margin, reflecting its leadership in regulated real estate growth.

India’s Top Realtor Body Declares War on MagicBricks Over ‘Anti-Broker’ Campaigns

In a dramatic showdown, NAR-India has issued a nationwide directive cutting ties with MagicBricks, accusing the real estate platform of disrespecting and misleading the broker community. The apex body is demanding a public apology, while urging regulators to take action.