Public notice regarding the interaction/interview for the appointment of the Chairperson and Member, Real Estate Regulatory Authority, Punjab.

Public notice regarding the interaction/interview for the appointment of the Chairperson and Member, Real Estate Regulatory Authority, Punjab... 12.12.2022, 13.12.2022 and 14.12.2022... Read more...

Bureau of Indian Standards: Guide For Homeowners And Homebuyers (Website www.bis.gov.in)

BIS has published 3 pamphlets for creating awareness among general public about their rights and duties while constructing their own home or buying one from a builder or developer... Read more...

Inviting Applications for appointment of the Chairperson and Member for Real Estate Regulatory Authority, Punjab (Last date extended: by 5:00PM on 01.08.2022)

Recruitment Notice: Inviting Applications for appointment of the Chairperson and Member for Real Estate Regulatory Authority, Punjab (Last date extended: by 5:00PM on 01.08.2022)(advertisement copy @ careers section)... Read more...

Centre to form state committees for better execution of RERA orders. (Source: Economic Times Realty)

Centre to form state committees for better execution of RERA orders... ministry of housing and urban affairs will form committees with stakeholders such as homebuyers, developers and RERA officials from each state to examine cases, for which orders passed by the real estate regulatory authorities have not been complied with... non-compliance of orders passed by the real estate authorities is a cause for concerns, particularly for several aggrieved homebuyers. The issue was raised by the homebuyers' forum... Read more...

High Court asks Haryana, Punjab & UT if state-developed projects can be under RERA. (Source: Economic Times Realty)

HC asks Haryana, Punjab & UT if state-developed projects can be under RERA .... has asked Punjab, Haryana and UT Chandigarh to explain why the housing projects developed by state agencies/boards should not be brought under the purview of Real Estate Regulatory Authority (Rera)... Read more...

Rupee depreciation, reforms, returns pull NRIs towards Indian real estate. (Source: Economic Times)

Rupee depreciation, reforms, returns pull NRIs towards Indian real estate... Depreciation of the rupee against the dollar in the backdrop of the geopolitical situation and hardening global interest rates is helping drive sales of real estate to non-resident Indians... Apart from being a safe haven in these uncertain times, Indian real estate also offers capital value appreciation and rental income. All of these, and digitisation of the processes ... Read more...

Verbal understanding cannot replace written builder-buyer agreement: Bombay HC (Source: Times Of India)

Verbal understanding cannot replace written builder-buyer agreement .... recently held that a written agreement between a builder and a buyer cannot be substituted by a subsequent oral understanding .... It found no merit in a builder's plea that a flat buyer's .... HC upheld a RERA Appellate Tribunal Order which directed refund of over Rs 1 crore to the flat buyer for a residential project in Kurla over delay.... Read more...

Mohali real estate sector bounces back from pandemic slump. (Source: Hindustan Times)

Mohali real estate sector bounces back from pandemic slump... Bruised and battered by the pandemic, the real estate market in tricity is finally beginning to bounce back, with Mohali gaining the most traction ... GMADA had managed to earn merely ₹417 crore by selling off almost half of its total 113 properties ...the earnings stood at ₹1,300 crore. In 2020-21, the earnings from stamp duty ... Read more...

Government provides clarity in FDI policy for the real estate sector (Source: Money control.com)

The Department for Promotion of Industry and Internal Trade... changed the existing definition of the real estate business to provide more clarity in the FDI policy for the sector... not permitted in a firm that is engaged or seeks to engage in real estate business, farmhouse construction, or trading in transferable development rights...earning of rent/income on lease of a property, not amounting to transfer, will not amount to real estate business... FDI is prohibited in real estate business and construction of farm houses... Read more...

Businesses involved in construction must aim at responsible sourcing of raw materials. (Source: Money control.com)

Prime Minister Narendra Modi unveiled... strategy termed as “Panchamrita” to get to net zero emissions by 2070... includes ramping up renewable energy production... improving energy efficiency, and reducing energy and emission intensity...a large role to play in achieving the net zero vision...are directly engaged in meeting India’s target of RE capacity addition of 500 GW by 2030, the rest of India Inc is gearing to play a part in net zero efforts by adopting energy efficiency practices, increasing its share of energy consumption from renewable energy, and investing in practices to reduce energy and emission intensity in processes... 40% to the total emissions globally... Read more...

Punjab to focus on green residences. (Source: Economic Times)

Making residential complexes energy efficient... the new thrust area of Punjab with the state being one of the five picked by the Centre for setting up Eco-Niwas Samhita (ENS) cells... building code for apartments is voluntary at present, it would soon be made mandatory for bigger dwelling units, including the multi-storeyed projects...An official said the focus was on capacity building and the Punjab... Read more...

Mohali: Dara Buildtech and Developer booked for fraud. (Source: Economic Times)

Police registered a case against a builder for allegedly duping a woman... on the pretext of selling two flats in Mohali. No arrest... in the case so far...The resident of Sector 36 alleged Rahul Mehra alias Rahul Dara, MD, and others of Dara Buildtech and Developer launched a housing scheme for allotment of 1BHK flats at Mohali with a project named “Dara Kingdom”... Read more...

Illegal colonies' list to be checked before land sale registration in Mohali. (Source: Economic Times)

The department... directed the departments of housing and urban development and local government to not register any property or land sale deed without checking the list of of legal and illegal colonies... The local bodies department has also been directed to display the list of legal and illegal colonies in the public domain...The notification in this regard was issued by Vijay Kumar Janjua, special chief... Zirakpur, which will soon be sent to the office of the deputy commissioner, Mohali... Read more...

Now, housing projects can come up on 50 acres at New Chandigarh. (Source:The Tribune)

Now, housing projects can come up on 50 acres... affordable housing projects in 50 acres in New Chandigarh... minimum area requirement from 100 acres... without disturbing the density norms...enable proper utilisation... decision was taken... Punjab Regional and Town Planning and Development Board... Read more...

Builder has to compensate RWA for handing over unfinished project: SC

Builders cannot get away... maintenance and administration of a housing society... residents welfare association if the project remains unfinished... infrastructure and facilities promised to the homebuyers... need to compensate the RWAs, the Supreme Court said... directed the company to pay... RWA for not building... Read more...

Real Estate market to touch 1$ trillion by 2030, housing demand revives despite COVID 19: Housing Secretary (Housing and Urban Affairs Ministry)

Real Estate market to touch 1$ trillion by 2030, housing demand revives despite COVID 19... India’s real estate market is expected to touch $1 trillion by 2030 as demand for housing recovers from the “setback” caused by the first and second waves... Confederation of Indian Industry... Read more...

Thirty States, UTs have set up their RERA, 67,669 projects registered till Jul 23, 2021: Government (Economic Times)

Thirty States, UTs have set up their RERA, 67,669 projects registered... under the central real estate law... In a written response to a question, Minister of State for Housing and Urban Affairs... He also said that 52,284 agents have been registered during the same period under RERA... Read more...

UP RERA intervention pays off, 800+ buyers in Noida project to get flats. (Economic Times)

UP RERA intervention pays off, 800+ buyers in Noida project to get flats... In the first success story of the conciliation forum of the... Uttar Pradesh Real Estate Regulatory Authority... project will get their homes almost a decade after booking their apartments... Read more...

Regarding directions issued by the Ministry of Housing and Urban Affairs, Government of India for projects under Pardhan Mantri Awas Yojna-Urban (PMAY-U)

Regarding directions issued by the Ministry of Housing and Urban Affairs, Government of India for projects under Pardhan Mantri Awas Yojna-Urban (PMAY-U)... Read more...

Supreme Court upholds threshold for homebuyers to move NCLT. (The Indian Express)

The Supreme Court upholds threshold for homebuyers ... the Constitutional validity of the amendments to the Insolvency and Bankruptcy Code, 2016 ... a defaulting builder in respect of a real estate project... 100 allottees or 10 percent of the allottees... Read more...

Supreme Court empowers flat buyers to compensation for delayed possession. (Hindustan Times)

Supreme Court empowers flat buyers to compensation for delayed possession... Ruling Builders to pay up for failure to fulfill amenity promises... Read more...

Notice u/s 59 for appearance in respect of projects not registered with RERA Punjab.

Notice u/s 59 for appearance in respect of projects not registered with RERA Punjab. (Public Notice). Read more...

Housing policy permits more flats per Acre. (The Tribune)

The Punjab Housing Department has tweaked its “Affordable Housing Policy”, giving additional incentives, including allowing more flats, increased saleable area, less parking and better floor area ratio (FAR). Read more...

Punjab to approve Building plans for independent floors. (The Times of India)

Punjab local government departme department on Tuesday allowed approval of building plans for G+2, G+3 and S+4 independent floors under the Punjab Municipal Building Byelaws 2018 and subsequent amendments which provide for independent floors. Read more...

Hearing of complaints filed under Section 31, and proceedings under Section 59... (Public Notice)

Hearing of complaints filed under Section 31, and proceedings under Section 59 of the Act, shall resume from Mon 17th August, 2020 in physical mode. Lawyers and complainants are requested to adhere to the scheduled timings, so as to avoid overcrowding... Read more...

Escrow Account in Real Estate as a boon for Home Buyers (Financial Express)

How escrow account in real estate is proving to be a boon for Home Buyers... One of the key changes implemented by RERA is the imposition of escrow... real estate builders to transfer 70% of the money received from customers to an escrow account ... Read more...

Guidelines for builders regarding advertisements

Shaky foundations of building advertisements... face of the definition of 'interest' under Section 2(za) of RERA... stagewise payments by gullible buyers... Read more...

Crackdown on illegal builders (Urban Development Department)

Express New Service Mohali: Crackdown... Housing and Urban Development Department will take action against all buliders who are not... have directed builders to either register with both agencies or face consequences... Read more...

Punjab RERA Cracks down on plot sales without approvals (The Tribune)

Chandigarh: Punjab RERA... Builder fined 1.5 crore, highest-ever by the authority... has penalised Chandigarh based Gupta Builders and Promoters (P) Ltd for selling real estate inventories... Read more...

Supreme Court empowers home buyers to claim refunds (The Times of India)

The Supreme Court recently paved the way for home buyers to claim refunds from builders in case of unreasonable delay in handing over their homes...In this case, the buyer paid Rs 39,29,280 in 2006 to the builder and as per the agreement the bulider had to handover the flat... Read more...

Relief for Home Buyers (The Tribune)

Chandigarh: Relief for Home Buyers... One-sided pacts not binding, rules SC... Buliders often treat home buyers like sitting ducks, entangling them in technicalities that the layman can't make much... Read more...

Punjab RERA puts eight builders on notice for selling properties illegally (Hindustan Times)

Chandigarh: Cracking down on illegal sale of properties in Zirakpur, New Chandigarh and Kharar, Punjab State Regulatory Authority (Rera) has issued notices to eight builders for allegedly selling properties without mandatory registration of their projects with the authority... Read more...

Shifting Notice : Real Estate Regulatory Authority, Punjab

RERA Punjab office is shifting from its current address to - 1st Floor, Block B, Plot Number 3 (Near Govt. Press UT) Madhya Marg, Sector 18A, Chandigarh from 15th October, 2018... Read more...

Public Notice for promoters who have not uploaded their registered projects on the RERA Punjab web portal

Attention promoters of registered real estate projects who have not uploaded their registered projects on the RERA Punjab web portal (Public Notice for promoters)... Read more...

Notice u/s 59 for appearance in respect of projects not registered with RERA Punjab

For appearance in respect of Projects not registered with RERA, Punjab. Under section of 3 of the Real Estate (Regulation and Development) Act, 2016 the promoters of on-going projects... Read more...

Punjab govt okays regularisation of unauthorised colonies

The policy covers colonies developed before March 19, 2018. As per the policy, any developer, resident welfare association (RWA) or co-operative society can apply for regularisation of unauthorised colonies. Read more...

Recruitments at RERA Punjab

RERA Punjab is hiring for the various posts in the Authority. Last date of application is 03.08.2018 by 5:00PM. Applications shall be accepted through online mode only. Read more...

RERA: Find real state of Punjab’s real estate.

The Real Estate Regulatory Authority (RERA) of Punjab has cracked the whip on builders of 500 real estate projects in the state, asking them to get these registered under the new consumer-friendly law, or face action. Read more...

MahaRera: Recovery warrants against developers.

MahaRera: Recovery warrants against developers. Read more...

Bulider told to pay INR 64 lakh for failing to handover plot.

Bulider told to pay INR 64 lakh for failing to handover plot. Read more...

Rera directs JLPL to pay INR 30 lakh relief to two.

Rera directs JLPL to pay INR 30 lakh relief to two. Read more...

6 rules in RERA that will stop builders from delaying delivery of your dream home.

The delay in possession of their homes has been the biggest concern for the buyers of the real estate properties. For many of the homebuyers, across locations and with. Read more...