26 C Free Press Journal
Elections 2026Economy / Free Press Journal
RERA was introduced on or about May 1, 2016, with 59 of its 92 sections, and became fully operational nationwide on May 1, 2017. The object of issuing or bringing out the RERA Act was to protect flat buyers from dishonest builders. The object clause of RERA is as under: To establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, or sale of real estate project, in an efficient and t
Mumbai, Feb 14: Reliance Industries Limited has purchased three residential units at the upscale One Altamount Road project in South Mumbai for a total consideration of Rs 85 crore, according to property registration documents accessed by CRE Matrix. The transaction involves units at One Altamount Road, with a combined carpet area of about 3,162 sq ft. The main unit measures around 2,004.8 sq ft, while the two additional units measure approximately 578.67 sq ft each. The seller is India Best Buy
Mumbai, Feb 13: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Oyster Corporation and its partners to pay interest for delayed possession to four shop purchasers in its registered project Mohak Oyster Living at Vasai-Virar, maintaining that the promoter had failed to hand over possession within the promised timeline and without obtaining the Occupancy Certificate (OC). Complaint filed by shop purchasers The complainants, who were represented by Adv. Anil Dsouza, the Sec
For millions of Indians, owning a home is the culmination of a lifetime of savings, sacrifice and hope. Yet, in a country where real estate has emerged as one of the most visibly thriving sectors, the dream of a secure roof over ones head is too often reduced to a nightmare of deception and despair. The recent sharp observations of the Supreme Court on the functioning of Real Estate Regulatory Authorities (RERAs) provide a fitting peg to examine how a mechanism meant to protect homebuyers has, i