RERA
Acting As Real Estate Agent Without Registration, Telangana RERA Imposes Rs. 3.69 Lakh Penalty
Telangana Real Estate Regulatory Authority (Authority) bench, comprising Justice Dr. N. Satyanarayana (Chairperson), K. Srinivasa Rao (Member), and Laxmi Narayana Jannu (Member) imposed a penalty of Rs. 3.69 Lakhs on Mr. Sikha Balaraju and his two companies for acting as real estate agents without registration, which is a statutory requirement under Section 9 of the RERA Act, 2016. As per Section 9(1) of the RERA Act, no real estate agent is allowed to facilitate the sale or purchase...
Tamil Nadu RERA Directs Tamil Nadu Housing Board To Execute Sale Deed And Handover Possession To Homebuyer
Tamil Nadu Real Estate Regulatory Authority (Authority) bench, comprising Thiru L.Subramanian (Member) directed Tamil Nadu Housing Board to execute the sale deed and officially hand over possession of the flat to the homebuyer. The case involved a homebuyer who had made full payments for a flat but faced delays and unresolved issues regarding the handover of the property. Background Facts Homebuyer (Complainant) was allotted Flat in the SAF Games Village Scheme, Koyambedu,...
MahaREAT – Project Without Completion Certificate Treated As Ongoing, Requires RERA Registration
Maharashtra Real Estate Appellate Tribunal (Tribunal), comprising Justice Shriram R. Jagtap (Judicial Member) and Dr. K. Shivaji (Member), held that any building which has not received a completion certificate from the competent authority as on the date of commencement of the Real Estate (Regulation and Development) Act, 2016 (“Act”), will be treated as an ongoing project and requires registration. Accordingly, the Tribunal directed Wadhwa Constructions to register Building No. 18 of...
Delay Of More Than Nine Years, Haryana RERA Directs Builders Of Capital Gateway Project To Pay Interest & Handover Possession To Homebuyer
Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member) has directed builders of Capital Gateway Project to pay interest and handover the possession of the flat to Homebuyer. Homebuyer approached the authority after builders failed to provide the possession even after the delay of more than 9 Years. The promoters of project are KNS Infracon and Tashee Land Developers. Background Facts Homebuyer (Complainant) purchased a flat in the builders'...
Haryana RERA Directs Savyasachi Infrastructure To Refund Amount With Interest To Complainant Who Booked Commercial Unit
Haryana Real Estate Regulatory Authority (Authority) comprising Justice Ashok Sangwan (Member), has directed the Savyasachi Infrastructure to refund the entire amount paid by the Complainant with interest who had booked commercial unit in their project. Background Facts In 2017, the builder (Respondent) launched a project named Amaya Greens under the Deen Dayal Jan Awas Yojna at Sector-3, Gurugram and invited applications from buyers. The builder assured that the necessary building...
Karnataka RERA Holds Mantri Developers Liable For Delay, Orders 2.56 Crores Refund To Homebuyer
Karnataka Real Estate Regulatory Authority (Authority) bench, comprising GR Reddy (Member), held Mantri Developers liable for delay in handing over possession to the homebuyer and ordered Rs. 2.56 crore refund. Additionally, it directed the builder to foreclose the bank loan taken by the homebuyer in his name to fund the purchase from PNB Housing Finance Limited (PNBHFL). Background Facts Homebuyer purchased a flat in the builder's project named Mantri Webcity 2A, located in...
MahaRERA Directs Piramal Estates To Refund Money Paid By Three Homebuyers, After Deducting 2% Of Total Consideration Amount
Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising of Mahesh Pathak (Member – I) has directed Piramal Estates to refund the amount paid by three homebuyers after deducting 2% of the total consideration. Background Facts The homebuyers (Complainants) booked their respective flats in the builder's (Respondent) project, Vaikunth Cluster 4, located in Thane West by signing a Right of First Refusal (RFR) during 2017–2018. The total sale consideration for the flats...
HYDRAA - Balancing Development And Justice In Telangana
The recently constituted Hyderabad Disaster Response and Asset Protection Agency[1] (HYDRAA) by the Government of Telangana (Government) has been on a demolition drive of illegal structures since its formation on July 19, 2024 in Telangana, for regulating and safeguarding government property from encroachment, unauthorised allotments and constructions; while preserving lakes, waterbodies and protected zones, namely the Full Tank Level (FTL) lands, Buffer Zones and the G.O. 111 lands. Operating...
Delhi REAT Holds Homebuyer Who Booked Flat Under Buy-Back Scheme As Allottee, Remands Matter To Delhi RERA
Real Estate Appellate Tribunal, NCT of Delhi (Tribunal) comprising of Justice Chander Shekhar (Chairperson) and Lorren Bamniyal (Judicial Member) held in favour of the homebuyer who had booked a flat under the Buy Back scheme. The Tribunal concluded that the homebuyer falls within the definition of 'allottee' and remanded the matter to the NCT Delhi Real Estate Regulatory Authority (Authority), which had dismissed the homebuyer's complaint holding him as an investor. Background...
Telangana RERA Penalises Builder For Unilaterally Cancelling Homebuyers Allotment, Also Holds Real Estate Agent Liable
Telangana Real Estate Regulatory Authority (Authority) bench, comprising K. Srinivasa Rao (Member) and Laxmi Narayana Jannu (Member) has imposed a penalty of Rs. 8.57 lakh each on the builder and the real estate agent for unilaterally canceling the allotment of the homebuyer and violating the provisions of the RERA, 2016. Background Facts The homebuyers purchased flats in the Tulasi Bhagyanagar Project located in Dundigal by paying sale consideration to the builder (Respondents No....
Haryana RERA Directs Imperia Structures To Pay Assured Returns To Complainant
Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member) directed Imperia Structures to pay assured returns to complainant who purchased an office in their project under the Assured Returns scheme. Assured returns projects are schemes where builders promise to pay a fixed amount to homebuyers at regular intervals (usually monthly) for a specified period. Background Facts Complainant purchased a commercial virtual office in the builder's...
Haryana RERA Orders Emaar MGF To Pay Interest To Homebuyer For Delayed Possession
Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member) has directed Emaar MGF Land Limited to pay interest to the homebuyer for the delay in handing over possession. Background Facts Homebuyer (Complainant) purchased a flat measuring 1,720 sq. ft. in the builder's (Respondent) project named "Palm Gardens" located in Sector 83, Kherki Daula, Gurugram for a total sale consideration of Rs.1,18,84,181. A Builder-Buyer Agreement was executed...