Latest news with #Rera
Time of India
6 hours ago
- Business
- Time of India
DDA moves HC, says Rera cannot issue it directions
New Delhi: In an unusual development, Delhi Development Authority has moved the high court against another statutory body, Rera. Questioning the real estate regulator's competence to order DDA to register the housing projects, the latter stated that it was not a real estate promoter like private builders, but an independent authority whose activities were covered under the DDA Act and related Nazul rules. Last month, a bench of Justice Sachin Dutta issued notice to Rera and the central ministry of housing and urban affairs, seeking their stand on the DDA's petition. The land owning agency, which also comes under the direct control of the Centre, challenged a provision in Rera which makes it mandatory for all developers, including govt authorities, to register their projects for sale with the respective regulators in the state. DDA termed it an "overreach of jurisdiction" and argued it had to move court "under extraordinary circumstances and for emergent reliefs in view of a palpably unconstitutional, illegal, unauthorised assumption of jurisdiction by Rera, thereby seeking to regulate the petitioner authority, when the latter is not only a creature of another statute, namely the Delhi Development Act, 1957, but also the very subject matter in respect of which the said assumption of jurisdiction has been exercised is regulated under the provisions of the Delhi Development Authority (Management and Disposal of Housing Estates) Regulations, 1968, and Nazul Rules, 1981 framed under section 56 of the DDA Act, 1957. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo " Senior advocate Ramesh Singh and DDA counsel Vrinda Kapoor Dev argued that Rera authorities failed to recognise that DDA operated under a comprehensive constitutional and parliamentary mandate and was already subject to robust govt oversight, auditing mechanisms and accountability structures. Singh and Kapoor also contended that the Delhi Development Act, 1957 mandated DDA "to promote and secure the development of Delhi according to plan," establishing it as an "instrument of state policy rather than a commercial entity. " The plea said Rera required promoter details like name, address, type, registration and photographs, but DDA was created by a law of Parliament and "has a pivotal role in Delhi's development." While registration under the Real Estate (Regulation and Development) Act requires details of past projects, status, delays, pending cases, land type and payment, the civic agency doesn't need to furnish authenticated copies of approvals and commencement certificates from a competent authority, as it is itself the "competent authority" and sanctions its own layout and plans, it added. Delhi Rera has maintained that those who are in real estate development, whether it is DDA or any other such organisations, must register projects with the regulatory authority, adding that it has powers to take action against them if they fail to do so. Recently, the real estate regulator also ordered DDA to register its super luxury project at Dwarka.
Time of India
01-06-2025
- Business
- Time of India
Over 2,600 real estate projects expire in Karnataka, many more lapse: RERA data
BENGALURU : Karnataka Real Estate Authority (K-Rera) has initiated scrutiny of numerous residential complexes for failing to meet their completion timelines and neglecting to submit periodic progress reports. A significant number of real estate projects failed to meet their deadlines, with over 2,600 officially marked as 'expired' and more than 2,700 classified as 'lapsed', as per latest K-Rera data . Under Rera rules, a real estate project is tagged as expired when its registration period ends and the builder hasn't applied for an extension. It is marked as lapsed if the project remains incomplete and no renewal is granted. In both cases, the registration stands invalid, exposing the builder to possible penalties and regulatory action. Out of 7,707 registered projects, 2,632 builders defaulted on their commitments, with failure to deliver flats on time being the most common problem. The rules allow developers to apply for an extension for a year or so. However, none of them applied for an extension within the time frame. Rera rules mandate builders to declare the date of completion while signing agreements with buyers at the initial stage. They must also upload the project status once every three months on the K-Rera portal. They are liable to pay a penalty of up to 10% of project cost for non-compliance with the rules, and the authorities can even attach assets of the promoters to recover the penalty and compensation to be paid to buyers. Developers have to provide all project details in their quarterly updates, which include the amount of money collected from buyers and spent on each component. The report should give a clear picture of the status of the project and what works are pending. Impact on buyers The situation has raised concerns about prolonged construction delays and the potential impact on homebuyers. Dhananjaya Padmanabhachar, convener of Karnataka Home Buyers' Forum , said: "If a Rera registration lapses, it is the promoter's duty to renew it — buyers' rights remain protected under Rera regardless. Yet, even after eight years, Karnataka Rera has failed to deliver justice or issue clear guidelines for project closures. Shockingly, the authority lacks a project closure policy. While other states have progressed, ours lags behind because of inefficiency and lack of will. Rera orders often go unenforced because implementation rests with the revenue department, which fails to act. Despite repeated memorandums, Rera passes the buck. The legislation's intent is solid, but poor execution is hurting homebuyers." Rajagopalan R, convener of the Bengaluru Coalition group, which fights against illegal constructions, said: "The body has been largely ineffective, recovering barely Rs 100 crore of the Rs 1,000 crore ordered from errant builders. With poor transparency and a growing backlog of unregistered projects, buyers are turning to consumer forums and high courts for relief. For many, homebuying is a major life event — delays leave families juggling EMIs and rent, while lopsided three-way contracts favour builders and lenders. The only thing keeping buyers from walking away is the sector's continued bull run."
Time of India
31-05-2025
- Business
- Time of India
Over 2,600 real estate projects expire in Karnataka, many more lapse: Real Estate Authority data
Bengaluru: Karnataka Real Estate Authority (K-Rera) has initiated scrutiny of numerous residential complexes for failing to meet their completion timelines and neglecting to submit periodic progress reports. Tired of too many ads? go ad free now A significant number of real estate projects failed to meet their deadlines, with over 2,600 officially marked as 'expired' and more than 2,700 classified as 'lapsed', as per latest K-Rera data. Under Rera rules, a real estate project is tagged as expired when its registration period ends and the builder hasn't applied for an extension. It is marked as lapsed if the project remains incomplete and no renewal is granted. In both cases, the registration stands invalid, exposing the builder to possible penalties and regulatory action. Out of 7,707 registered projects, 2,632 builders defaulted on their commitments, with failure to deliver flats on time being the most common problem. The rules allow developers to apply for an extension for a year or so. However, none of them applied for an extension within the time frame. Rera rules mandate builders to declare the date of completion while signing agreements with buyers at the initial stage. They must also upload the project status once every three months on the K-Rera portal. They are liable to pay a penalty of up to 10% of project cost for non-compliance with the rules, and the authorities can even attach assets of the promoters to recover the penalty and compensation to be paid to buyers. Developers have to provide all project details in their quarterly updates, which include the amount of money collected from buyers and spent on each component. Tired of too many ads? go ad free now The report should give a clear picture of the status of the project and what works are pending. Impact on buyers The situation has raised concerns about prolonged construction delays and the potential impact on homebuyers. Dhananjaya Padmanabhachar, convener of Karnataka Home Buyers' Forum, said: "If a Rera registration lapses, it is the promoter's duty to renew it — buyers' rights remain protected under Rera regardless. Yet, even after eight years, Karnataka Rera has failed to deliver justice or issue clear guidelines for project closures. Shockingly, the authority lacks a project closure policy. While other states have progressed, ours lags behind because of inefficiency and lack of will. Rera orders often go unenforced because implementation rests with the revenue department, which fails to act. Despite repeated memorandums, Rera passes the buck. The legislation's intent is solid, but poor execution is hurting homebuyers." Rajagopalan R, convener of the Bengaluru Coalition group, which fights against illegal constructions, said: "The body has been largely ineffective, recovering barely Rs 100 crore of the Rs 1,000 crore ordered from errant builders. With poor transparency and a growing backlog of unregistered projects, buyers are turning to consumer forums and high courts for relief. For many, homebuying is a major life event — delays leave families juggling EMIs and rent, while lopsided three-way contracts favour builders and lenders. The only thing keeping buyers from walking away is the sector's continued bull run."
Time of India
29-05-2025
- Business
- Time of India
PM asks officials to focus on full redressal of homebuyers' grievances than simple disposal of plaints
NEW DELHI: The monthly Pragati meeting on Wednesday turned out to be a reality check for real estate regulators (Reras) with PM Narendra Modi asking probing questions to top state officials, including if they have ever tried to find out whether homebuyers are satisfied with the 'disposal' of complaints. Modi also pointed out how just totting-up redressal numbers wasn't enough. The PM directed all state chief secretaries to hold regular reviews and ensure that there is 'complete redressal' of homebuyers' grievances. Sources said to the discomfort of officials, the PM, while reviewing 'issues related to Rera s', said realtors send complaints to him how some Rera officers do not listen to them until 'arrangements (vyavastha)' are made. He instructed the chief secretaries to look into this serious issue. In a statement, the PMO said Modi emphasised on the need to improve quality and timeliness of disposal of grievances related to the real estate sector to ensure justice and fairness for homebuyers. 'The PM emphasised that strict compliance with Rera provisions is critical for restoring trust in the housing market,' it added. The PM's call for assessing the quality of disposal of consumer complaints by Reras comes at a time when questions are being raised about the effectiveness of real estate regulators in executing their orders. This issue has been raised in meetings of govt's central advisory committee of Rera. As per housing ministry data till May 26, a little over 1.43 lakh complaints have been disposed of. It doesn't give the number of complaints filed. 'If they put the status of a complaint as disposed of, then they must ensure that the homebuyer concerned has got compensation or possession of property. After passing orders, they put complaints under the disposed of category. We have been challenging this methodology,' said M S Shankar , general secretary of FPCE, an umbrella homebuyers organisation that had campaigned for enactment of real estate regulation law. TOI has learnt that the PM also raised questions on whether all real estate projects are getting registered with the respective Reras, a mandatory requirement. Pointing out to the much less registration of projects in Uttar Pradesh compared to Maharashtra, Modi asked chief secretaries to deploy people to check the project details of builders from their websites and see whether all are registered. He asked states to ensure the mandatory registration of all eligible real estate projects under the Rera Act, the PMO said. While reviewing the Mahi Banswara Rajasthan Atomic Power project, the PM also asked the education ministry to include atomic energy in school syllabus to bust the myth of radiation around nuclear power and make this more acceptable to people at large. He said that the country will need nuclear energy to meet the power demand. Highlighting the adverse impact of project delays such as Integrated Anandapur Barrage Project, which is yet to be completed after more than 20 years and increase in cost from merely Rs 590 crore to Rs 3,000 crore now, the PM reiterated that such setbacks deprive citizens of essential services and infrastructure. Sources said he also pointed to how the same issues of land acquisition, forest and other clearances are flagged for delay in completion of most infrastructure projects. 'The PM said these need to be resolved by officers themselves,' a source added. Cabinet secretary briefs on actions taken after last Pragati meeting TOI has learnt that Cabinet Secretary T V Somanathan on Wednesday gave an update on the actions taken after the last Pragati meeting in which the PM had issued directions. Sources said Somanathan informed that officers have been deployed for visiting different states to take stock of Jal Jeevan Mission projects. The PM had flagged in the last meeting that he had been receiving several complaints regarding piped drinking water programme in rural areas and had sought field visits of Central govt officers to find the nature of problems and to suggest solutions. Sources said a large share of complaints identified were no supply of water even after laying of pipelines, homes still waiting for getting taps within premises, and bad quality water. They added that Somanthan also told the PM that a module on land acquisition is being prepared to train new recruit civil servants and also to improve land records in border areas in Arunachal Pradesh.
Time of India
28-05-2025
- Business
- Time of India
PM Modi asks officials to focus on full redressal of homebuyers' grievances than simple disposal of plaints
Prime Minister Narendra Modi NEW DELHI: The monthly Pragati meeting on Wednesday turned out to be a reality check for real estate regulators (Reras) with PM Narendra Modi asking probing questions to top state officials, including if they have ever tried to find out whether homebuyers are satisfied with the 'disposal' of complaints. Modi also pointed out how just totting-up redressal numbers wasn't enough. The PM directed all state chief secretaries to hold regular reviews and ensure that there is 'complete redressal' of homebuyers' grievances. Sources said to the discomfort of officials, the PM, while reviewing 'issues related to Reras', said realtors send complaints to him how some Rera officers do not listen to them until 'arrangements (vyavastha)' are made. He instructed the chief secretaries to look into this serious issue. In a statement, the PMO said Modi emphasised on the need to improve quality and timeliness of disposal of grievances related to the real estate sector to ensure justice and fairness for homebuyers. 'The PM emphasised that strict compliance with Rera provisions is critical for restoring trust in the housing market,' it added. The PM's call for assessing the quality of disposal of consumer complaints by Reras comes at a time when questions are being raised about the effectiveness of real estate regulators in executing their orders. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esta nueva alarma con cámara es casi regalada en Cordoba (ver precio) Verisure Undo This issue has been raised in meetings of govt's central advisory committee of Rera. As per housing ministry data till May 26, a little over 1.43 lakh complaints have been disposed of. It doesn't give the number of complaints filed. 'If they put the status of a complaint as disposed of, then they must ensure that the homebuyer concerned has got compensation or possession of property. After passing orders, they put complaints under the disposed of category. We have been challenging this methodology,' said M S Shankar, general secretary of FPCE, an umbrella homebuyers organisation that had campaigned for enactment of real estate regulation law. TOI has learnt that the PM also raised questions on whether all real estate projects are getting registered with the respective Reras, a mandatory requirement. Pointing out to the much less registration of projects in Uttar Pradesh compared to Maharashtra, Modi asked chief secretaries to deploy people to check the project details of builders from their websites and see whether all are registered. He asked states to ensure the mandatory registration of all eligible real estate projects under the Rera Act, the PMO said. While reviewing the Mahi Banswara Rajasthan Atomic Power project, the PM also asked the education ministry to include atomic energy in school syllabus to bust the myth of radiation around nuclear power and make this more acceptable to people at large. He said that the country will need nuclear energy to meet the power demand. Highlighting the adverse impact of project delays such as Integrated Anandapur Barrage Project, which is yet to be completed after more than 20 years and increase in cost from merely Rs 590 crore to Rs 3,000 crore now, the PM reiterated that such setbacks deprive citizens of essential services and infrastructure. Sources said he also pointed to how the same issues of land acquisition, forest and other clearances are flagged for delay in completion of most infrastructure projects. 'The PM said these need to be resolved by officers themselves,' a source added. Cab secy briefs on actions taken after last Pragati meeting TOI has learnt that Cabinet Secretary T V Somanathan on Wednesday gave an update on the actions taken after the last Pragati meeting in which the PM had issued directions. Sources said Somanathan informed that officers have been deployed for visiting different states to take stock of Jal Jeevan Mission projects. The PM had flagged in the last meeting that he had been receiving several complaints regarding piped drinking water programme in rural areas and had sought field visits of Central govt officers to find the nature of problems and to suggest solutions. Sources said a large share of complaints identified were no supply of water even after laying of pipelines, homes still waiting for getting taps within premises, and bad quality water. They added that Somanthan also told the PM that a module on land acquisition is being prepared to train new recruit civil servants and also to improve land records in border areas in Arunachal Pradesh.
