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Noida: With Covid cases rising, the UP-Rera will now defer some of its initiatives, including their plan to get involved in the formation of the apartment owners’ association (AOA) of individual apartments where residents have moved in. The UP-Rera had earlier announced that they would get involved in the process of creation of AOA to dilute conflict between builders and buyers as in many cases buyers complain about the builder’s resistance in handing over maintenance control. Balvinder Kumar, of UP-Rera, said, “This is not our priority at the moment given the current pandemic situation.” Pushkar Chandra, a resident of Sector 62, said, “There are around 200 builders’ societies in Noida that have not formed AOA and are not handing over to Registered AOAs as transfer of funds is involved in the process. Why is the government not forcing their formation?” ....
Synopsis The UP State Legal Service Authority had sent a proposal to organise a National Lok Adalat on April 10, July10, September 11 and December 11. ThinkStock Photos The Uttar Pradesh Real Estate Regulatory Authority (RERA) has decided to postpone the National Lok Adalat keeping in view the increasing cases of Covid-19. The National Lok Adalat was proposed at Lucknow and Greater Noida on April 10, to resolve disputes of homebuyers. “Uttar Pradesh State Legal Services Authority has informed that the National Lok Adalat is being postponed keeping in view the increasing cases of Covid-19. The advance date of the said event will be informed in time,” UP RERA said in a statement. ....
UP RERA to settle buyer-builder disputes in online Lok Adalat from April 10 india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.
The buyers had paid under Rs 20 lakh each so far. MUMBAI: Is the development manager who signs an agreement with a builder for exclusive rights to sell flats liable to pay compensation to the buyer in case of delay or does liability rest only with the builder? A RERA order on March 5 said both were liable in a Mulund project, reports Swati Deshpande. MahaRERA directed the development manager, a subsidiary of Shapoorji Pallonji Group, and Nirmal Developers, to refund the money paid by four flat purchasers with 9% interest for delay in construction and possession of flats. MahaRERA member B D Kapadnis said the DM would be considered a ‘promoter’ of the project along with the builder Nirmal Developers. It directed that the SP subsidiary be added as promoter on the web page of the project within 30 days of the order.Four flat purchasers who had booked apartments in ‘Mumbai Dreams Olympia C & D’ in Mulund west moved RERA last year alleging delay in construction. ....
What does a project's deregistration mean for homebuyers? livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.