Delhi high court on Wednesday issued a notice to Real Estate Development Authority and Delhi Development Authority (DDA) in public interest litigation (PIL) which alleged violation of statutory provisions of the Real Estate (Regulation and Development) Act, 2016 by the two bodies.
The Supreme Court on Tuesday came to the rescue of tens of thousands of homebuyers left stranded by the Amrapali Group, ordering state-run National Buildings Construction Corp. Ltd (NBCC) to take over and complete its stalled projects.
In a fresh crackdown against errant developers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has initiated strict action, including seizure and auction of properties of builders in about 200 cases. These proceeds will be used to refund flat buyers who are yet to receive possession.
Apart from Supertech, three cases related to Jaiprakash Associates, one case each of ATS Homes, Gaursons India, SVP Builders India, Arihant Infra Realtors, UP Township Infrastructure and Vacational Education were also heard.
The Real Estate Regulatory Authority (RERA), Punjab, has tightened the noose on real estate developers who have failed to fall in line and fulfil the provisions made under the Real Estate (Regulation and Development) Act 2016, framed with the objective of safeguarding the interests of the public.
RERA provides proper protection to homebuyers, and the states were given powers by the law to notify their respective rules and appoint regulatory authorities such the Real Estate Regulatory Authority.
The Centre has planned to set up a common online platform for the Real Estate Regulatory Authority (RERA) of all states and UTs, a move which will provide an opportunity to home-buyers, builders and authorities to exchange views.
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) on Monday imposed a Rs. 1 crore fine on Ansal API for not following its order dated 25 October 2018. The builder has been asked to submit the fine within one month.