Shashank Singh & Associates

07/03/2025

11/04/2024

16/09/2022

14/02/2022

Reraup Delay in UP RERA court’s orders aggravating homebuyers’ problems.

Delay in publication of the UP Real Estate Regulatory Authority (UP RERA) court’s orders is helping errant developers to exploit the situation to their advantage, and aggravating hardships of homebuyers

Delay in publication of the UP Real Estate Regulatory Authority (UP RERA) court’s orders is helping errant developers to exploit the situation to their advantage, and aggravating hardships of homebuyers.

The Uttar Pradesh Aggrieved Home Buyers Rights Association has written a letter to the UP RERA chairman Rajive Kumar highlighting the issue. “There is substantial delay in publication of RERA orders. In some cases, complainants (homebuyers) have been waiting for more than four months for the RERA court’s order after final hearing of cases,” said Alok Singh, convenor, Uttar Pradesh Aggrieved Home Buyers Rights Association.

“Complainants have been calling the RERA office requesting to bring into public domain the RERA court’s orders. Ex*****on of RERA court’s orders takes a lot of time. If orders are further delayed, then final ex*****on of the order will take around two years,” added Singh.

Legal experts are also of the opinion that RERA court’s orders must be published within a week of the last hearing of the case like the high court and Supreme Court orders.

09/10/2021

The Uttar Pradesh Real Estate Regulatory Authority ( UP RERA) has issued 1985 recovery certificates asking developers to pay Rs 595.25 crore as compensation to homebuyers in two years.

After the permanent formation of UP RERA, the judicial work started on September 4, 2018.

In two years, 28,020 complaints have been registered with RERA. Out of these, 20,740 are of NCR. 16,136 complaints have been disposed off from the NCR region and 4,893 complaints from the non-NCR region.

The orders passed by RERA include 5036 orders for the refund of funds and 7242 orders for the grant of possession. RERA's efforts have brought transparency and accountability in the real estate sector and created an environment conducive for the healthy development of the sector,” said a UP RERA official. 2874 projects have been registered in RERA, out of which 2044 projects are ongoing and 830 projects are in the new category. 2281 new projects were registered in 2017, 242 in 2018, 240 in 2019, and so far 111 new projects have been registered till 2020.

30/09/2021

The following Rera Rules are to be followed:
All the commercial and residential real estate projects are liable to register with the Real Estate Regulatory Authority (RERA) for beginning a project. The projects with land over 500 square meters, or eight apartments fall under this to provide transparency.
Builders have to post Quarterly updates (every 3 months) on Construction progress.
The real estate builder will have to transfer 70 percent of the money received from customers to an escrow account to ensure the money will not be used on other projects.
According to Rera Rules, sale agreement standardization will be followed. This will protect buyers from various penalties and charges and promote equality.
The promoter is not allowed to receive an advance payment of more than 10 % of the cost of the project, plot, etc from the customer. To do so, he has to get a written agreement from you and register the same.
Under RERA, the defect liability period is given 5 years to rectify the defects.
As per Rera Rules, the developers are instructed to sell real estate properties based on carpet area and not super built-up area.
Promoters will reveal a clear title over the property and project.
Upon giving false information to home buyers, the buyer can either ask for a refund if he does not wish to continue or if he does, the builder is liable to pay the penalty.
In the event of not receiving the possession timely, the builder has to pay the entire amount to the buyer.
A per Rera rules for builders, If the builder plans to make any type of alterations in the specifications of the apartment or the property, he has to take permission from the buyer.
The promoter cannot transfer the majority rights and liabilities to a 3rd party without the written consent from buyers.