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Purchasing a property is one of the most important financial transactions that a person undertakes in their lifetime, and it is therefore imperative to ensure that the property is legal and compliant with the relevant regulations to prevent any form of disputes, fraud, or liabilities in the future.As we see several cases of ownership disputes…
Almost ten years after the RERA Act, 2016 attention is increasingly moving from developers to the functioning of the regulator itself. (AI image) The Real Estate Regulatory Authority or RERA is in focus again. Recently, the Supreme Court made blunt observations about the role of RERA and its importance. The apex court remarked that the…
NEW DELHI: Supreme Court on Thursday said it is high time all states rethought the constitution of the real estate regulatory authority (Rera) as the institution is doing nothing except “facilitating” defaulting builders.A bench of Chief Justice Surya Kant and Justice Joymalya Bagchi said the people for whom Rera was created were “completely disappointed”. “Better…
NEW DELHI: Delhi’s Real Estate Appellate Tribunal (REAT) has set aside a Rs 1 crore penalty imposed on the Delhi Development Authority by Real Estate Regulatory Authority (RERA) for failing to register a housing project. The relief came after DDA argued that the Rohini project was completed before the RERA for Delhi was established in…
