Real estate developers reeling under liquidity crisis and the financial impact of coronavirus outbreak seek to make COVID-19 a part of the force majeure provision under Section 6 of RERA and extend registration granted to promoters by a year.
In its first order, Kerala real estate regulatory authority (K-RERA) asked a builder to pay interest at 15% of the amount received from the buyer covering the period starting from expiry of the agreed time of delivery till handing over of the apartment.
The Punjab and Haryana High Court has issued a notice to the Punjab Real Estate Regulatory Authority (RERA) in a petition challenging the limit of 400 words set on the filing of complaints before the authority.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken suo moto action against 21 real estate developers who have not renewed their Real Estate (Regulation & Development) Act (RERA) registration.
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has sent letters to 1227 realtors across the state informing them about the benefit of stress fund scheme announced by the central government recently.