Maharashtra RERA Releases Order Mandating Detailed Disclosure Of Amenities In Sale Agreements

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has released order mandating builders to disclose the details about the amenities to homebuyers that will be provided to them in the project in sale agreements.

Telangana Real Estate Regulatory Authority

Telangana RERA Orders Builder To Rectify Structural Defects Arising Out Of Real Estate Project

Case – Chandrashekar Laxmi Sudha & another Versus M/s Empire Meadows and others

The Telangana Real Estate Regulatory Authority (TSRERA) bench, consisting of Justice Dr. N. Satyanarayana (Chairperson), K. Srinivasa Rao (Member), and Laxmi Narayana Jannu (Member), has directed the builder to rectify the structural defects arising from the project following the transfer of possession to the homebuyers, as per section 14(3) of The Real Estate (Regulation and Development) Act, 2016.

Maharashtra Real Estate Regulatory Authority

Maharashtra RERA Releases Draft Regulation for Quality Assurance, Invites Suggestions and Views

Maharashtra Real Estate Regulatory Authority (MahaRERA) has released a draft regulation aimed at enhancing the quality of construction in the real estate sector. This initiative aligns with the provisions of the Real Estate (Regulation and Development) Act, 2016, particularly Section 14(3), which mandates prompt rectification of structural defects and other issues brought to the promoter's notice within five years of possession.

Karnataka Real Estate Regulatory Authority

Karnataka RERA Directs Builder To Refund Homebuyer's Amount With Interest After Builder Failed To Complete Project On Time

Case – Sharath Kumar Mahajan Versus Mantri Technology Constellations Private Limited & others

Karnataka Real Estate Regulatory Authority (Authority) bench, Comprising of Justice HC Kishore Chandra (Chairman) has directed builder to refund the homebuyer's amount with interest after builder failed to deliver the possession of the flat on promised timeframe.

Tamil Nadu Real Estate Appellate Tribunal

TNREAT - Appeal Before Appellate Tribunal Without Depositing Corpus Fund Is Not Maintainable

Case – M/s. Bahri Estates Pvt. Ltd., rep. by its Authorised Signatory & another vs Anandam Villa Owners Welfare Society (AVOWS)

Tamil Nadu Real Estate Appellate Tribunal (TNREAT) bench comprising of Justice M. Duraiswamy (Chairperson) and R. Padmanabhan (Judicial Member), has held that an appeal filed before the Appellate Tribunal without depositing the Corpus Fund as stipulated under Section 43(5) of the Real Estate (Regulation and Development) Act, 2016 is not maintainable.

In real estate, the Corpus Fund is the initial capital collected by the developer for the maintenance of amenities and facilities. This fund is typically collected from homebuyers as pre-maintenance charges, which are not included in the total sale amount of the property. The corpus funds are kept in the bank, and the interest generated from these funds is used by the developer for maintenance purposes.