rera

Homebuyers facing delayed possession or unfair practices by builders now have legal recourse under rera. The Act empowers buyers to seek compensation for delays or opt for a full refund with interest. It's crucial to file complaints early with supporting documents to protect your rights and investment.

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A new unified rera portal now centralises real estate project information nationwide, offering homebuyers unprecedented transparency and ease of access. Buyers can now verify project registrations, builder compliance, and complaint statuses on a single platform, simplifying the purchasing process and reducing reliance on builder claims. This initiative aims to streamline data and empower consumers.

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Apartment maintenance charges in India are generally mandatory, stemming from rera, state laws, and association bye-laws. Owners are collectively responsible for common area upkeep, a principle upheld by courts. While tenants' responsibilities are defined by rental agreements, owners remain the primary members liable for dues to the association.

Odisha Real Estate Regulatory Authority (Orera) has issued show-cause notices to 113 developers for failing to submit mandatory quarterly progress reports. Non-compliance, a violation of rera provisions, can lead to penalties up to 5% of project cost, formal inquiries, and potential suspension or revocation of registration.

Real estate experts and homebuyers in Odisha have welcomed the Centre's decision to replace imprisonment with monetary penalties for allottees non-compliance with rera tribunal orders. This move aims to decriminalize business laws and reduce court burdens, making the process more pragmatic and less intimidating for buyers.

A Gurgaon court denied bail to a builder accused of duping an NRI investor in a multi-crore property deal. The judge cited "deliberate deception" and potential conspiracy, noting allegations of forged signatures and siphoned funds. The builder allegedly used a dormant bank account for buyback cheques, indicating intentional fraud. The court emphasized the rising trend of economic offenses against investors.

Odisha's rera, established in 2017, has brought transparency and stronger buyer rights to the real estate sector, registering over 1,400 projects and strengthening dispute resolution. However, enforcement gaps, institutional fragility due to vacancies, and challenges in controlling unregulated plotting schemes persist, limiting its full impact.

Buying property in India demands meticulous legal checks. Essential documents like Sale Deeds, Encumbrance Certificates, and rera registration ensure clear title and prevent future disputes. Verifying land use, construction approvals, and dues clearance at each stage safeguards your investment and avoids costly legal battles. A thorough review is paramount.

The Dwarka Expressway has transformed Gurugram's real estate, shifting from peripheral development to integrated urban growth. With major sections operational and supporting infrastructure progressing, the corridor has seen unprecedented value appreciation, making it a smart investment choice for its strategic location and maturing social infrastructure.