Real Estate News Update for August 31

Welcome to the latest edition of?ETRealty's daily newsletter,?RealtyDigest!?Through this especially curated newsletter, we aim to provide the latest real estate and allied industries' news, views, market trends, reports, video interviews and much more to help you navigate the world of real estate. Subscribe and Stay Tuned for daily updates!

RERA

UP-RERA issues recovery certificates worth Rs 3,105 crore in favor of 8,575 home buyers

LUCKNOW: Since its establishment in 2017, with the first case being taken on September 4, 2018, UP-RERA has issued recovery certificates (RCs) worth a staggering Rs 3,105 crore in favor of 8,575 home buyers.

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Regulatory

If SRA transit rent is unpaid, act within 30 days, says Bombay HC

MUMBAI: Bombay HC on Wednesday directed that newly appointed Slum Rehabilitation Authority (SRA) nodal officers take prompt action within 30 days in case of complaints of non-payment of transit rent to eligible persons/slum-dwellers pending redevelopment.

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Regulatory

Architects flouting norms in Haryana? DTCP to check OCs granted after Aug 1

GURUGRAM: The department of town and country planning (DTCP) has ordered for checking of buildings which have been issued occupation certificates (OCs) by architects after August 1 after receiving complaints about them violating norms.

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Residential

Approvals for self-redevelopment of societies within three months: Maharashtra government

MUMBAI: Your dream of a new bigger and better home at the same place where the generations lived for decades is being made further easier.

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Residential

Defaulting builders should not be given three-year time to complete stalled projects: FPCE

NEW DELHI: Homebuyers' body FPCE has suggested that concessions to real estate developers should be provided only for legacy stalled housing projects and said defaulting builders should not be given blanket three-year extension in timeline for the completion of such projects.

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