"Covid-19 Should not be an excuse to protect undue rights of Real Estate Promoters"
An Appeal by Col. Tejandra Pal Tyagi Corona should not be used as a shield to protect the undue rights of the Promoters 1st May is celebrated as the RERA Day. This time both the Promoters and the home buyers are in great trouble. Most of the labour have left the construction site and gone to their villages not only on account of the Lockdown restrictions but also owing to the recurring need of crop harvesting during this time of the year. UP RERA has indicated that other things remaining the same, construction work may resume by mid May. H…
Landmark judgement upholds homebuyer’s status as financial creditors to developers
RERA & IBC sister acts, says SC Team TT Dismissing the plea of over 200 real estate companies holding the Insolvency and Bankruptcy Code (IBC) illegal and unconstitutional, a Supreme Court bench headed by Justice RF Nariman upheld the right of homebuyers for redressal under the new Code. In effect homebuyers will be considered financial creditors to the real estate companies and can take recourse to the IBC against defaulting developers. The Bench in its judgement on August 9, held that the RERA Act, which regulates the real estate sector,…
TS RERA Forced to extend deadline for registration a 5th time
Builders disregard advisories to register repeatedly despite the threat of hefty penalties by TS RERA Reflecting the obvious reluctance to be regulated, real estate developers and other players in the real estate sector, has shown a lukewarm response to the call by the Telangana Real Estate Regulatory Authority (RERA), to get registered with the Authority. To date applications from only 3100 of the estimated 5000 plus projects in the Telangana state have been received. As a result, the TS RERA has been forced to yet again extend the deadline …
MahaRERA Chairman asks home owners to test TS RERA rules in court
TS RERA organizes 1 st stake-holder workshop By B T Srinivasan Hyderabad, January 19 Quite expectedly, the first stake-holder interaction organized by the Telangana State Real Estate Regulatory Authority (RERA), on Friday, 18 January, saw divergent views and focus from developers, promoters and buyers pressing their own standpoints. Significantly, the Workshop convened by the TS RERA was addressed by none other than Shri Gautham Chatterjee, Chairman of the Maharashtra RERA (MahaRERA), on which the TS RERA is modelled. Further TS RERA also use…
RERA Act can be imposed even if projects not registered, real estate developers warned
Non-registration of a real estate project does not mean it is beyond the purview of the RERA Act, Shri Anthony De Sa, Chairman, the Madhya Pradesh RERA Authority warned real estate developers. Speaking at a special session on Urban Housing and RERA Implementation, at the recently concluded 6th National Conference of RAWs (NCRWA), Shri De Sa, who is the first Chairman of any RERA Authority to be appointed in the country, said the authority in Madhya Pradesh had taken a view quite different from RERA Authorities in some of the other states and …
Telangana RERA becomes a reality
Though late in setting up the much talked about Telangana Real Estate Regulatory Authority (T-RERA), and the corresponding website, the Telangana government, from all indications appears intent on making up for lost time including addressing some serious concerns of potential homebuyers. Inaugurating the T-RERA premises in Hyderabad on August 31, K T Rama Rao, Minister for Industry & Commerce, Municipal Administration & Urban Development, ITE&C, Government of Telangana said the Authority will bring transparency to the construction …
Protest Against Diluting UP RERA Rules
UP flat owners call for reversal of RERA dilution The Flat Owners Federation of Ghaziabad gave a call to the UP Government to withdraw its move to dilute the UP RERA Rules and to appoint a permanent RERA Authority. Otherwise its repercussions will be seen in 2019, the Federation warned at a General Body meeting. The President, Col. Tejandra Pal Tyagi stressed that despite the fact that two years have already passed since the enactment of RERA, the UP Government is yet to appoint a permanent Real Estate Regulatory Authority. "Furthermore,…
Centre Firm on June 30 Deadline for States to Amend Dilutions in RERA Rules
RERA has been enacted to clean the mess in unregulated construction sector for decades, Union Minister stresses at first meeting of Central Advisory Council Hyderabad, May 15 The Central Government has reportedly set June 30 as the deadline for states to amend “dilutions” in the notified rules to bring all incomplete projects within the ambit of the Real Estate Regulation Law (RERA). This apart June 30 has also been set as the deadline for establishing permanent regulators, start websites and tribunals as prescribed in the law, the Union Housi…
Telangana to follow Maharashtra model for RERA implementation
Telangana RERA Authority within three months Following a representation last week and a meeting with a delegation of concerned citizens on the issue on Monday, the Telangana Municipal Administration & Urban Development Department has assured that the permanent Telangana RERA Authority will be set up within three months. Further, the government has also agreed to the constitution of a RERA Advisory Committee with the participation of Civil Society representatives, industry, the law fraternity and others, a press release from the Forum for P…
“Repeal TS RERA Rules, Not in Line with Central Act”, Consumers’ Body Demands
Calls for permanent Authority and information sharing mechanism Team TT The Telangana Government should immediately repeal the TS RERA rules and replace it with new rules in compliance with the ‘Central Real Estate Rules for UTs without legislatures’, the Forum for Peoples’ Collective Efforts (FPCE), a body representing the pan-India Fight for RERA movement, has demanded. Criticizing the constitution of an expert committee by the Telangana Government to study the implementation of the Real Estate Regulation and Development Act in neighbouring …
CORWA Updates
CoRWA FIVE YEAR ROAD MAP An appeal is launched by the Secretary General, Dr. K.S. R. Murthy calling RWA experts to take up a feedback/inputs survey from all the members of CoRWA on how this apex body should go ahead in its Mission. To this effect, he has prepared a five point agenda on which your inputs are needed to prepare a Road Map for CoRWA for the next 5 years. The fact that the Hon’ble Minister of Urban Development and the Chief Guest for the 5th NCRWA Conference, Mumbai (18th and 19th Nov., 2017) Sri Hardeep Singh Puri announced the …
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