News articles tagged Regulatory Compliance

Jalandhar RERA Introduces Stricter Standards for Project Approvals in 2025

Jalandhar RERA enforces stronger financial checks and project viability assessments for developers, aiming to reduce construction delays and safeguard homebuyer investments.

Noida Authority Mandates Completion of Pending Flat Registrations

Noida Authority directs builders to complete pending flat registrations by year-end. Failure may result in concession withdrawal, ensuring homebuyers' timely possession.

Ranchi Tightens RERA Compliance: Stricter Audits and Transparency Rules for Developers

Ranchi's RERA authority enforces stricter compliance measures, increasing project audits and transparency requirements to protect homebuyers and improve real estate quality in the city's rapidly evolving property market. The move aligns with nationwide reforms, such as Gujarat's triad banking accounts and Odisha's structural repair funds, to bolster accountability and buyer confidence.

Haryana RERA Mandates Green Building Certification for Sustainable Gurgaon Developments

Haryana's real estate regulator introduces mandatory green certification for residential projects, aiming to promote energy-efficient practices and eco-friendly construction in Gurgaon.

New RERA Guidelines Transform South Goa Vacation Rental Market

Goa RERA introduces stricter regulations for South Goa vacation rentals effective February 2025, aiming to ensure transparency, protect tourists, and empower property owners through standardized practices and dispute resolution mechanisms.

MAHARERA Cancels 13,785 Real Estate Agents’ Registrations

MAHARERA revokes registrations of 13,785 real estate agents for regulatory non-compliance, emphasizing integrity and accountability in the industry.

Developers collecting money without agreement is violation- TNRERA

Tamil Nadu Real Estate Regulatory Authority (TNRERA) ruled that developers collecting payments without a contract violates the TNRERA Act.

UP-RERA rejects super-tech projects registration

UP-RERA rejects Supertech's application for two new projects due to non-compliance and delays in existing projects.

Sebi to auction property of Kerala Housing Finance on June 4

Sebi will auction a Kerala Housing Finance property to recover dues. The auction of the Thiruvananthapuram apartment, with a base price of Rs 55 lakh, is scheduled for June 4.

Ban on registering the Unapproved plots in Tamil Nadu

The Madras High Court has reinstated the ban on registration of unapproved plots in Tamil Nadu and seeks details on applications violating the 2016 ban order. A special sitting is planned to address the issue.

Developers have to pay 11% interest to buyers if projects delayed

The government has introduced draft rules ensuring developers compensate buyers for delayed project completions, aiming to enhance accountability in real estate transactions.

Sahara to provide fresh title deeds worth Rs 20k cr

Sahara Group will submit new property title deeds worth Rs 20,000 crore to SEBI after being restricted by the Supreme Court from selling assets. The case involves refunding investors.

Building approvals public has no progress

Despite efforts to increase transparency, Mumbai's building plan approval system faltered. Approved construction plans were not uploaded to the website, hindering access for potential buyers.

Sahara seeks change in SC order barring Roy to go abroad

Sahara Group approached the Supreme Court of India, asserting an error in the order restricting Subrata Roy from leaving the country until property deeds are given to SEBI.

Huda dismisses extra fee for alternative plots

HUDA withdraws extra fee for alternative plots based on High Court verdict.

SEBI Asks Investors To Be Cautious About Dubious Schemes

SEBI has cautioned investors against dubious collective investment schemes (CIS), particularly those run by MPS Greenery Developers and Rose Valley Real Estate and Construction.

Sahara Group in Deep Troubles: Delhi-Based Investor Moves SC

A Delhi-based investor has petitioned the Supreme Court to direct Sahara Group to refund his investments, marking the first such individual action amidst an ongoing dispute with SEBI over repayment of dues to nearly 3 crore investors.

Real Estate Regulatory Bill: Developers Differ Highly

Developers express mixed views on the real estate regulatory bill, citing concerns about one-sided punishment and the need for a more balanced approach.

Supreme Court Discards Sahara’s Appeal To Review

The Supreme Court dismissed Sahara's appeal to review the order to refund ₹25,000 Cr to investors. The court found no valid reasons to reconsider its verdict.

Odisha Real Estate Feels Crushed By Scams

Odisha real estate builders fear market slowdown due to recent scams. CREDAI-Odisha Chapter forms scrutiny committee to restore trust.

Sahara Real Estate Firms Granted More Time to Refund

The Supreme Court granted Sahara Real Estate Firms an extension to pay their fine, directing SEBI to accept the application. The firms were initially ordered to refund money collected through debentures to investors.

SC Condemns SEBI’s Feather Touch Approach to Sahara

The Supreme Court of India criticizes SEBI for failing to take legal action against the Sahara Group for not complying with an order to produce investment documents.

Competition Commission of India Pulls Up DLF

The CCI has reprimanded DLF Ltd for unlawfully canceling an apartment allotment, imposing penalties for non-compliance with previous directives concerning allottees.

No bar on Real Estate Sector from applying for UASL.

A prosecution witness in the 2G spectrum case testified that real estate firms were not barred from applying for UAS licenses, and Parsvnath Developers' application was rejected.