Not surprisingly, the maximum number of cases registered in the consumer courts, are against developers on the issue of cheating, regarding the size of the flat. According to the provisions of the RERA Act, 2016 it is now the duty of the developer, to make buyers aware of the carpet area and quote prices based […]
The Maharashtra Real Estate Regulatory Authority has declared COVID 19 impacted from 15th march 2020 to 14th September 2020 as force majeure under the provisions of Real Estate (Regulations and Development) Act.
MahaRera had issued clarification on the various forms required for the Project Updations . Certificate from the Project Architect in Form 1. Certificate from the Project Engineer in Form 2. Certificate from the Chartered Accountant in Form 3. Certificate from the Project Architect for each building / wing of the Real Estate Project in Form […]
Under proviso to Section 4(2)(l)(D): i. the promoter shall withdraw the amounts from the separate account, to cover the cost of the project, in proportion to the percentage of completion of the project; ii. the amounts from the separate account shall be withdrawn by the promoter after it is certified by an engineer, an architect […]
Whereas, the Chairperson, MahaRERA is vested with the powers of general superintendence and directions in the conduct of affairs of the Authority under section 25 of the Real Estate (Regulation and Development) Act, 201 6 (RERA). Whereas, Section 11(1) of RERA requires every promoter of a registered real estate project to carry out quarterly updates […]
On May 7,2019 vide F.No.354/32/2019-Tax Research Unit of CBIC has issued FAQ’s answering queries relating to real estate sector under GST. with the help of examples,it has been clarified what rate a builder or developer must opt for and when shall liability to pay GST arise.