The individuals involved in the settlement are Sidhant Chandalia, Naysar Parikh, and Ronak Narendra Parikh, as outlined in two separate orders issued by SEBI.

According to the settlement details, Sidhant Chandalia and Naysar Parikh each paid Rs 50.7 lakh as their portion of the settlement amount. Meanwhile, Ronak Narendra Parikh contributed Rs 45.5 lakh as a settlement charge and an additional Rs 8.98 lakh for the disgorgement of wrongful gains, including interest.

SEBI stated, “Given the acceptance of the settlement terms and the receipt of the settlement amount, the instant adjudication proceedings initiated against the Noticee(s) vide SCN (Show Cause Notice) are disposed of.”

The directives were issued following the submission of applications by the three individuals to SEBI, proposing to settle the ongoing proceedings against them “without admitting or denying the findings of facts” through settlement orders.

SEBI had initially launched adjudication proceedings against these individuals for their alleged violations of the Prohibition of Insider Trading (PIT) rules in connection with trading activities related to the scrip of PNB Housing Finance.

A show cause notice was issued to Sidhant Chandalia for allegedly communicating Unpublished Price Sensitive Information (UPSI) related to PNB Housing Finance.

Additionally, show cause notices were served to Naysar Parikh and Ronak Narendra Parikh, requiring them to explain why an inquiry should not be held and penalties imposed.

The notices were issued based on allegations that Naysar Parikh communicated UPSI while possessing it, and Ronak Narendra Parikh traded in the company’s scrip using the UPSI.

The post Three Entities Settle Insider Trading Charges with SEBI in PNB Housing Finance Case. appeared first on .

Of these, approximately 130 cases have been directed to the adjudicating officer at the Lucknow office, while about 120 cases have been assigned to the Gautam Budh Nagar office.

This action follows a review conducted by Sanjay Bhoosreddy, Chairman of UP-RERA, who assessed the compliance status of orders issued in response to complaints from property allottees.

The review revealed that many promoters were deliberately delaying the delivery of possession to allottees, even though there were explicit orders for them to do so within a specified period.

In response to these delays, UP-RERA has empowered the adjudicating officers to ensure that registered sale deeds and the delivery of possession are carried out following the provisions of Rule 24 of the UP-RERA Rules, 2018.

Under this rule, adjudicating officers hold the authority of the Code of Civil Procedure (C.P.C.), which they will utilize to accelerate the transfer of possession and the execution of sale deeds. Furthermore, these officers can attach properties and appoint receivers to enforce compliance with the orders.

To increase the pace of action, Chairman Bhoosreddy has now established a system whereby any case in which a promoter fails to provide possession as ordered by RERA will be automatically referred to the court of the adjudicating officers by the secretary, with the chairman’s approval. This process aims to ensure that all such cases are promptly addressed without unnecessary delays.

Bhoosreddy strongly disapproved of promoters who fail to deliver possession to allottees despite clear orders from RERA. He emphasized his commitment to regularly monitoring the status of these cases and implementing all necessary measures to protect the interests of the allottees.

He further stated that UP-RERA would take stringent actions against non-compliant promoters to uphold the authority’s decisions.

The adjudicating officers are now responsible for conducting effective and timely proceedings to ensure that sale deeds are executed and possession is delivered without further delay. These officers will play a critical role in upholding the allottees’ rights by ensuring promoters adhere to their commitments.

Moreover, UP-RERA has resolved that in every case referred to the adjudicating officers for ensuring possession delivery, it will impose substantial penalties on defaulting promoters.

UP-RERA will also work in coordination with the district magistrate to ensure the recovery of penalty amounts from the promoters who fail to comply with the orders. This measure aims to deter any future delays and reinforce the importance of adhering to RERA’s directives.

The post UP-RERA Refers 250 Possession-Related Cases to Adjudicating Officers’ Courts. appeared first on .

Approximately 3.63 lakh homes owed Rs 711.1 crore in taxes as of May 18. With 57,043 houses owing Rs 95 crore, Bommanahalli tops the list, followed by Rajarajeshwari Nagar with 55,073 properties owing Rs 54.31 crore.

Additionally, a difference of Rs 231.77 crore is expected to be paid by 1,66,557 properties.
“We are calling these defaulters and revising cases using an IVR system and sending them SMS messages every day.

They do not, however, make the overdue tax payments. Munish Moudgil, special commissioner of the BBMP (revenue), told TOI, “We will shortly begin special enforcement for recovery in accordance with the law.

Even though BBMP has previously made this list available to the public, many of the defaulters on it still do not pay their taxes. A significant source of funding for the BBMP is property tax, and the collection department faces ongoing difficulties because some properties have tax arrears dating back many years.

Even though BBMP has previously made this list available to the public, many of the defaulters on it still do not pay their taxes. A significant source of funding for the BBMP is property tax, and the collection department faces ongoing difficulties because some properties have tax arrears dating back many years.

Numerous defaulters on the BBMP’s list have routinely disregarded numerous warnings over an extended period of time. Many property owners continue to be oblivious to their tax duties in spite of the BBMP officials’ attempts to ensure compliance, which include sending notices, sealing properties, taking possession of inheritances and immovable property, and even seizing bank accounts.

Property tax defaulters’ zone-by-zone information (source: BBMP)
The bureaucratic procedure associated with these enforcement operations can be laborious and slow, which makes it more difficult for the BBMP to collect arrears.

“The defaulters bring a stay from the courts whenever we issue them notifications, which forces us to tie our hands. “What is the purpose of having a revenue cell if the stays prevent it from operating at its best?” Moudgil said.

In the hopes that many would pay up, we have so developed the OTS, a time settlement plan,” he continued.
A 5% discount is available under the scheme for payments made over a longer period of time.

Even with this incentive, many property owners are still averse to paying their debts, which is dishearteningly low compliance, according to Moudgil.

Property owners who have not paid their taxes on time have received several notifications. Form 13 has been sent out in response to those who disregard these letters, starting the process of entering BBMP’s claim into the Deputy Registrar’s office records.

The goal of this legal action is to impose a lien on the property, making it more difficult for owners to transfer or sell it without paying the overdue taxes.

“To improve accountability and transparency, we have made the list of the top defaulters available to the public. The BBMP intends to put pressure on the defaulters to make amends by identifying and publicly humiliating them. However, this strategy hasn’t always worked well, so it’s unclear if it will work better this time around, Moudgil continued.

The post The Bengaluru civic government is owed Rs 711.1 crore in taxes by over 3.60 lakh properties. appeared first on .

The action is intended to guarantee that standards are defined for procedures, materials, and to reduce the likelihood of errors and difficulties for purchasers.

It is suggested that compliance with the new rules will be voluntary in the beginning. Developers who voluntarily accept the method will have their names listed on the MahaRERA website, which will help to enhance their reputation with prospective purchasers. Following suit will become necessary for all developers after the transition phase ends.

Defect liability is covered by the Real Estate (Regulation and Development) Act, 2016. The law protects the interests of flat buyers by holding developers responsible for fixing any structural flaws that are discovered within the first five years of occupancy. Within 30 days, the developer is expected to fix these bugs at their own cost.

A draft regulation for the project’s quality assurance has been floated by the regulator. The developer will be required to submit a self-certification declaration for the project that includes comprehensive details on its technical features. Up to May 23, comments on the same are welcome.

MahaRERA published a discussion paper in December outlining steps to improve the quality of homes and anticipate complaints from buyers over construction flaws or inadequate construction quality.

Such a rule was required due to ongoing discussions and worries about the quality of construction provided by the real estate industry. MahaRERA has already conferred with several real estate players in order to compile the draft, therefore it is anticipated that this action will allay worries regarding the caliber of construction in the real estate industry.

MahaRERA states that although the law offers corrective options for fixing problems, it is crucial to protect the interests of homebuyers, necessitating the establishment of procedures and guidelines to reduce the likelihood of defects.

According to the self-declaration, there are a few crucial issues that must be resolved right away. Some of these are to soil testing prior to the design process, hiring structural engineers, periodic certification for quality control, etc. in terms of structural design and stability.

It will also include elements like a facility for on-site testing to check the quality of raw materials and routine site inspections to guarantee the quality of building supplies like steel, concrete, cement, electrical cables, plumbing fixtures, etc.

In addition, the project manager and engineers must document and certify information about earthquake-resistant construction, fire safety, and other related topics after the project is finished. Before submitting the “Self-Declaration on Quality Assurance” to MahaRERA, the project promoter will also need to revalidate these.

The post MahaRERA suggests that builders self-declare the quality of their projects. appeared first on .

The Annual Real Estate & Construction Industry Leadership Awards celebrate the efforts of real estate industry professionals, including Builders, Developers, Marketing Companies, Architects, Infrastructure, Construction Companies and Trade Professionals, and felicitates their endeavor and contribution to the sector since 7 years. The range of awards was varied from achievements, marketing, legal aspects, commercial and residential projects, redevelopment projects, townships, social contributors, mass housing, corporate governance, SEZs, and architects.

The Event was graced by the presence of Eminent Personalities & Esteem Guests:

1. Mr. Pawan Chauhan (Founder of REALTY QUARTER & INDAN PROPERTY EXPO.)
2. Mr. JITENDRA MEHTA – President CREDAI MCHI THANE*.
3. CA RAMESH PRABHU – Founder S.W.A.E Welfare Association
4. Shri DILSHAD S. KHAN (Founder of Mumbai Hulchal Daily News Paper & National President Patrakar Welfare Association.)
5. Dr. AJAY L. DUBEY – President, Foundation of Mira Bhayandar Property Dealers Association
6. Mr. JAVED PAREKH (World Memon Organisation Charitable Foundation – City Chairman of Mumbai.
7. Shri RajDada (Minister and Secretary BJP South Mumbai & President of RD Group Maharashtra)
8. Ms. SHAISTA ANSARI (Vice President of REALTY QUARTER)
9. Ms. Divya Rathod (Partner QUICK REALTY HOMES)
THE GUEST OF HONOUR Included:
1. Shri DILSHAD S. KHAN (Founder of Mumbai Hulchal Daily News Paper & National President Patrakar Welfare Association.)
2. Dr. AJAY L. DUBEY (PRESIDENT, Foundation of Mira Bhayandar Property Dealers Association)
3. Mr. JAVED PAREKH (World Memon Organisation Charitable Foundation – City Chairman of Mumbai.
4. ADVOCATE GAURI CHHABARIA (Government of Maharashtra women wing)
5. SHRI BHAGURAMYASHWANT SAWANT (Chief Editor Media Varta News)

In addition to the awards, Realty Quarter also felicitated Broker Association Presidents & Founding Members, which included:
1 Dr. AJAY L. DUBEY – President, Foundation of Mira Bhayandar Property Dealers Association
2 SHRI HARSHAD S.SHAH Chairman, BAI.
3 SHRI NARENDRA PANANI Hon Secretary, BAI.
4 Adv. LAWRENCE A. SHETTY – President, “TEAA” Thane Estate Agents Association.
5 Mr. SHAUKAT SHAIKH – President, Ghodbunder Road Estate Agent Association Thane.
6 Shri SUNIL PARASRAMPURIA – President, Malad Estate Agent Association
7 Mr. MEHUL VITHLANI – President, Real Estate Agent Association Kandivali (REAAK)
8 Shri ABHAY CHHAJED – Malad Estate Agent Association
9 Mr. KAUSHIK PANCHOLI – President, The Mumbai Estate Agent Welfare Association, Malad-East.
10 Shri HARESH PANCHOLI – Secretary, The Mumbai Estate Agent Welfare Association, Malad-East.
11 Shri HITESH VINOD KAKU Secretary Real Estate Agent Association Kandivali (REAAK)
12 Mr. JAYESH DHNOJA – President, Shri Charkop Estate Agent’s Welfare Association
13 Mr. PRAMOD DHARMA- Secretary, Shri Charkop Estate Agent’s Welfare Association
14 Mr. LALIT PARMAR – President, Gujarat Real Estate Agent Confederation (GREAC) & VPCA
15 Mr. NIRAV PUROHIT – Founder, Bharuch Real Estate.com
16 Mr. MAHESH ARYA- President, Chhattisgarh Real Estate Broker Association, Raipur
17 Mr. BHARAT RAMESH DAVDA – President, The Surat Real Estate Brokers Welfare Association
18 Mr. KALPESH VALIA (Founder & Chairman KVPL.
19 Mr. ARVIND CHANDRA BHANUSHALI (Ghatkopar Real Estate Agent Team – GREAT)
20 Mr. MANISH VOHRA (President of Ghatkopar Real Estate Association – GREA)

The Event also had an Enlightening Panel Discussion with:
1 Mr. JITENDRA MEHTA – President CREDAI MCHI THANE*
2 Dr. AJAY L. DUBEY – President, Foundation of Mira Bhayandar Property Dealers Association
3 CA RAMESH PRABHU – Founder S.W.A.E Welfare Association
4 Mr. KALPESH MEHTA – DIRECTOR Villa Kulture.

MODERATOR FOR OUR PANEL DISCUSSION:
Mr. SIDDHANT THAKUR, (Associate Partner of REALTY QUARTER and Director of Commercial Space India (CSI) a portal for commercial real estate & Property Tech Company)

REALTY QUARTER also had the pleasure of having SPECIAL INVITEES such as:
1. Mr. Nikesh Tarachand Jain (CMD Madhani Finance & Entertainment)
2. Ms. Rupal Singh (Business Women & Social Worker)
3. Ms. Riya Gupta (Actress & Model)
4. Shri Lalji Bhatia (Investor & Land banker)
5. Mini Bansal (Actress & Model)
6. Ms. Shweta Solanki (Business Head Dubai)
7. Monika Soni (Business Women & Social Worker)
8. Shri Harish Kotwani (Businessman & Producer)
9. Shri Firdos T.Shroff (Actor, Researcher & Thinker)
10. Mr. Satish Shetty (M/S. Balaji Infra and land Developer), Uday Shetty (Shweta Infrastructure), Mr. Shabbir Doctor (Oberoi Realty Ltd).
11. Makarand Dandekar (Director Cityzone Realty Pvt Ltd).
12. Mr. Fahim Ansari (Founder Lubna Realtors) & Amynah Ansari.
13. Dr. Raj Kale (Businessman & Social Worker)
14. Advocate PARVEZ KARULKAR.
15. Shri Shyam Kamble (Chairman Exodus Road India Foundation)

We would also like to express our sincere gratitude to our SPONSORS, whose generosity has made this event possible. A big thank you to RUNWAL GROUP, QUICK REALTY HOMES & VILLA KULTURE, for their invaluable support in making this event a grand success.
We would like to take a moment to thank our esteemed media partners who have helped us promote this event to a wider audience.
Furthermore, we would like to express our gratitude to our supporters and partners, who have played a vital role in making this event a success. We extend our heartfelt thanks to CREDAI MCHI Thane, BAI, MahaSeWR and Karulkar Pratisthan for their unwavering support and collaboration.

We also acknowledge the contributions of our:
ASSOCIATE PARTNER: QUICK REALTY HOMES & VILLA KULTURE
SUPPOTING PARTNER: BAI (Builder Association of India), Credai MCHI Thane, Sanjay Chaturvedi Associate, Commercial Space India, Cityzone Realty & DUBAI DESI VILLAGE.
PRINT MEDIA PARTNER: Mumbai Hulchal, Media Varta News & Mumbai Mitra.
MAGAZINE PARTNER: Tycoon Global & Buildcon Construction
EVENT CRAFTED & DESIGNED BY: Trend Crafters.
EVENT SECURITY PARTNER: Spy Security Service
OUTDOOR PARTNER: Global Advertisers
DIGITAL MEDIA PARTNER: Mumbai Raftaar & Asian SKY

We are grateful to have had the opportunity to collaborate with such outstanding media partners, sponsors, supporters, and partners, who have helped us make this event a success. We look forward to working with them again in the future.
We are pleased to announce the winners of the prestigious awards for the year 2024. It is our pleasure to recognize the efforts and achievements of these outstanding individuals and companies in the real estate, advertising, banking, and technology industries.

We extend our Heartfelt Congratulations to the Following AWARDEES:

1. Best Residential Project of the Year – 2024. (Township Construction – Mumbai): RUNWAL AVENUE By RUNWAL GROUP – MUMBAI
2. ASIA’S SAFEST & FASTEST GROWING ELEVATOR BRAND OF THE YEAR 2024: UNOSAFE ELEVATOR PVT LTD – BANGALORE.
3. Best Retail Luxury Project of the Year – 2024: RUNWAL FIFTH AVENUE By RUNWAL GROUP MUMBAI
4. Best Commercial Project of the Year – 2024: M-Agile by MALPANI GROUP – GIRIRAJ ENTERPRISES PUNE.
5. Best Real Estate Broking Firm of the Year – 2024: EB REALTY – MUMBAI
6. Best SCO Development of the Year 2024 (South Drive): AARIZE GROUP – DELHI
7. Dynamic Business Women of the Year – 2024: Dr. ARCHUNNA JAIN (Hon) – Founder of FLORIAN FOUNDATION MUMBAI
8. Best Ongoing High Rise Tallest Project of the Year – 2024: RUNWAL PINNACLE BY RUNWAL GROUP, MUMBAI
9. Best Real Estate Author of the year 2024: Dr. ADV. HARSHUL SAVLA – Director SUVIDHA LIFESPACES, MUMBAI
10. Best Emerging Developer of the Year – 2024: MALPANI GROUP- Real Estate Division By MALPANI ESTATES, PUNE
11. Best Brand in Hotel Industry of the Year – 2024: DESI VILLAGE – DUBAI By RAZA IQBAL DUBAI
12. Best Security Provider Company of the Year – 2024: SPY SECURITY SERVICES – Mumbai
13. Best Real Estate Trophy Provider Company of the Year – 2024: KEYUR AWARDS
14. Special Non Real Estate Category for “Best Bollywood Indian Actor 2024”: Mr. BINDU DARA SINGH (Bollywood Actor & Social Worker)
15. Best Moderator & Real Estate Advisor of the year – 2024: Mr. SIDDHANT THAKUR (Associate Partner REALTY QUARTER & Director of CSI (Commercial Space India)

As the founder of Realty Quarter, I, PAWAN CHAUHAN, feel honored and proud to have had a Successful and Grand Success of 7th Anniversary of the Real Estate & Construction Industry Leadership Awards 2024. I would like to express my gratitude to my entire REALTY QUARTER TEAM & Specially Thanks to Ms. Divya Rathod, Ms. Shaista Ansari, Mr. Sachin Kumar, Ms. Anshika Shukla, Ms. Dimple Padiar, Mr. Preeth Dixit, Mr. Bipin Pandey and My Beautiful & Talented Anchor Ms. Ingila Gill who worked day and night to make this event a success. We look forward to a long-term association with the entire real estate and construction industry.

Thank you and regards,
PAWAN CHAUHAN
Founder, REALTY QUARTER
09820659743 / 09970037166

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The commission has directed the LIT to reimburse Hem Raj Kapila of Gill Road for the compensation within 30 days of receiving a copy of the judgment; if they don’t, they risk being further penalized by having to pay interest on the amount due, which will accrue at the rate of 8% annually from the date of the order until it is actually paid.

According to the complainant, on February 26, 2005, he submitted an application and paid Rs 1, 50,000 for the allotment of HIG 108 and HIG Super 54 multi-story semi-finished flats to be built in Rajeev Enclave, Shaheed Bhagat Singh Nagar, under the Self-Financing Scheme.

The opposing parties allocated HIG an apartment under the development project on April 29, 2005, the day of the flat allocation draw. He was required to pay the whole cost of the apartment in instalments totalling Rs 14,60,000 in accordance with the payment plan.

In relation to the apartment allotment, the opposing parties executed an agreement of sale dated June 21, 2006 in his favor. He paid Rs 2, 74,150 via demand draft dated October 4, 2005, which was returned due to the delay.

The postponement was then excused on May 2, 2006. The complainant went on to say that he paid the Rs. 2, 19,000 instalment dated September 7, 2006. He allegedly went back to deposit the draft and a banker’s check for Rs. 2, 19,000 dated March 7, 2007, but the opposing party’s official would not accept it.

After receiving a letter from the complainant, the opposing parties informed the complainant in writing on April 26, 2007, about a civil court stay on the apartments, which prevented construction from beginning.

On December 11, 2006, the executive engineer issued an order deferring the receipt of installments until additional orders were received. They also stated that they would provide a new installment schedule for deposit after obtaining the stay dismissed.

The complaint claims that he often went to the opposing parties’ office to request the issuing of a new installment plan and the possession of the apartment that was given to him, but he was never successful.

The plaintiff added that just 21 of the 162 flats that were supposed to be built under this scheme—including his own—had their construction suspended by opposing parties as a result of court orders. Of the 141 flats that remain, 95 have been turned over to their respective allottees, leaving only 46 empty.

The complaint attempted to turn over control of the apartment to the opposing parties, as did a few other allottees who were suffering as a result of the OPs’ negligence, carelessness, and lack of service, but to no avail.

The plaintiff was, nevertheless, prepared to pay the remaining amount in installments, provided that a new schedule was issued and the apartment was delivered. The complainant served them with a legal notice dated June 12, 2020, but they did not respond.

Therefore, the complaint has requested that the opposing parties give him vacant possession of the apartment after accepting rescheduled payments for the remaining installments or grant the complainant an apartment in their other scheme under the same terms and conditions. It has also requested compensation in the amount of Rs. 2, 00,000 and reimbursement for Rs. 55,000 for legal fees.

The post The Ludhiana Improvement Trust has been compelled to pay Rs 1 lakh for the 14-year delay in flat possession. appeared first on .

Chief Justice T S Sivagnanam and Hiranmay Bhattacharyya, sitting as a division bench, issued the ruling while noting that the structure, which was still under construction when it collapsed in the Garden Reach neighborhood, lacked a sanction plan.

“It has been constructed over a body of water that has existed for the past forty years. The chief justice stated, taking note of the report submitted by the Kolkata Municipal Corporation, “that the land conversion was authorized by the land revenue officer and the block land.”

The panel ordered the state government to provide the relatives of the deceased an additional Rs 3 lakh in compensation, on top of the Rs 2 lakh ex gratia that each family had already received. In addition, the division bench ordered the state to give each injured person an additional Rs 1 lakh in addition to the Rs 50,000 they had already paid.

In the Garden Reach case, the division bench further ordered the petitioner to send notice to Shams Iqbal, the local council member, and the developer, who is currently incarcerated at the Presidency Correctional Home. The chief justice declined to accept that comparable unpermitted constructions were occurring in the city without the consent of MLAs or local council members.

“What was the elected official doing throughout the construction? The CJ noted that they were unfit to remain in their position. Attorney Jaydeep Kar for KMC argued that the accused cops had been suspended by the civic body at the court’s request.

The court voiced its “anguish” about the absence of “official and political will” on the part of the authorities to carry out the court orders on unauthorized structures to their logical conclusion, even as it noted the KMC’s move to welcome complaints about unauthorized projects from the residents.

“Without official and political will, the enforcing agency cannot take action. There has been no activity at Bidhannagar. After visiting the location, the Bidhannagar Police Commissionerate leaves, citing protests from the general population.

Yesterday, something similar occurred in another area of the city, according to the CJ. “Free reign should be granted to executive engineers.” Please let your cops do their jobs. You support them,” he remarked.

The CJ took use of the occasion to highlight the KMC’s inability to control hawkers operating in front of the organization’s offices.

Because the West Bengal Victim Compensation Scheme was revised in 2017 and simply sets the lowest limit of compensation rather than capping the maximum limit, the court sided with the state and enhanced the payout.

The post Without an approved plan, no building registration Calcutta High Court. appeared first on .

TARC KAILASA, a 1.7 million square feet development spread over a strategically located 6-acre land parcel, comprises 5 high-rise magnificent towers beautifully designed by renowned architectural practice Andy Fisher Workshop – Singapore.

The Company has thoughtfully chosen Arabian Construction Company as its construction contractor considering their expertise in high-rise construction and the large number of delivered projects all across India and also UAE.

Amar Sarin MD & CEO of TARC Limited expressed his views on the meticulously designed project that never before offered the amenities and luxury that the buyer community has been longing for in New Delhi, India.

Be it the expansive spread, the high ceilings, the 3 sides open design for light and ventilation, very high-end specifications, private lift lobbies, and the all-weather pools, KAILASA has been designed to provide the solace and tranquility we all long for.

The 170,000 square feet of entertainment areas, the 7-tier security, the concierge services, and the large apartment formats at KAILASA have something and more for each member of your family stated Amar Sarin (MD & CEO).

TARC KAILASA has a revenue potential of over INR 4000 Crores, and the Company reported garnering a tremendous response.

Commenting on the growth and transformation of the residential real estate sector Amar Sarin shared his very positive views and belief on the growth trajectory that India is witnessing and the greater growth opportunities going forward under the admirable and glorious leadership of our revered Prime Minister Shree Narendra Modi Jee.

TARC Limited recently got a new brand identity, which in consonance with the values and traditions that are adopted by the Company is Inspired By India.

Thanks & Regards,

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Get ready for the most anticipated event in the real estate industry!

7th Real Estate Awards and Construction Industry Leadership Awards 2024

Brace yourselves for the most awaited event in the real estate industry – the 7th Real Estate Awards and Construction Industry Leadership Awards 2024! Scheduled for Saturday, 4th May 2024, this prestigious event promises an evening filled with recognition, celebration, and networking opportunities for the crème de la crème of the real estate and construction sector.

Event Details:
Date: Saturday, 4th May 2024
Time: 6:00 PM onwards
Venue: THE CLUB, Courtyard II, D.N. Nagar, Andheri(W), Mumbai

The Real Estate Awards, presented by Realty Quarter, is an esteemed platform that acknowledges and applauds the exceptional accomplishments and contributions of individuals and organizations within the real estate and construction domain. This year’s awards ceremony will honor excellence in various categories including Best Residential Project, Best Commercial Project, Best Green Project, Best Affordable Housing Project, Best Architecture Project, Best Interior Project, Best Real Estate Company, Best Construction Company, and more.

Why should you Participate?
17 Years of Legacy & Trusted Brand in REAL ESTATE Media.
40+ Builders Developers & Construction Companies
10+ Leaders and Celebrities.
10+ Institutional Channel Partners.
10+ top Broker Association Presidents.
15+ Digital Media Platforms.
10+ Top Leading Club Members.
5+ Leading Newspapers
150+ RERA Registered Channel Partners.
50+ Top Real Estate HNIs, Investors & Buyers.
Architects, Interior Designers, Exporters, Importers & Corporate Owners.
300+ Respective Invitees & Guest
Return Gift: 200+ For Every Respective Guest.

Sponsorship Opportunities:
Various sponsorship categories such as Title Sponsorship, Gold Sponsorship, Silver Sponsorship, and Venue Sponsorship are available. For sponsorship inquiries, please call 9820659743 or 8279547396.
Visit: Real Estate Awards

The post Get Ready for the 7th Real Estate Awards and Construction Industry Leadership Awards 2024 appeared first on .

Homebuyers and promoters can file complaints through the e-courts facility provided by UP RERA. On December 2, 2023, it released updated standard operating procedures (SOP) for the submission, review, and hearing of complaints as well as for conciliation.

In doing so, UP RERA, according to a statement, not only made the complaint submission process more straightforward but also more thorough. “The procedure is now easier to use and will support early listing and prompt resolution of complaints. The regulatory body stated that this service can be accessed on the UP RERA portal starting on Monday, January 15, 2024.

The legal division of UP RERA will carefully review the new complaint and its attachments, according to the process explanation, to ensure that the project’s details, those of the respondent or promoter, and the complainants are accurate and consistent with the information entered in the allotment letter or builder-buyer agreement (BBA).

Additionally, it will verify whether the customer has turned in self-attested, readable copies of all pertinent paperwork, including the BBA, the booking application, the allocation letter, the payment receipts, the bank statements, and the promoter’s account ledger.

The customer must deposit copies of the bank’s loan sanction letter that have been self-attested. According to the statement, RERA will make sure that the details of the money’s deposit match the supporting documentation.

“The RERA office will review the complaint and let the complainant know about any objections within seven days; they must be addressed within fifteen days. After fifteen days, the complaint will receive a reminder to correct any outstanding concerns within a further seven days, according to UP RERA.

“After the rectification of the challenges, the legal division of RERA will mark the claim file as ‘Fit-For Hearing’ and submit the same to the appropriate Bench for hearing,” it stated.

The legal office will transmit the complaint file for a hearing before the Bench with the specifics of the outstanding defects if the complainant fails to correct the effects even after being reminded. It further stated that in such a scenario, the complainant would lose out on the opportunity for prompt resolution of his complaint.

The new system for reviewing complaints will be very beneficial to customers, who can now file grievances with RERA even without the assistance of experts, according to UP RERA Chairman Sanjay Bhoosreddy.

He stated that the complainant would not have to waste time and effort repeatedly for the correction of defects and submission of documents at a later time once the complaints are recorded with all pertinent documents and after the defects have been fixed.

“The move is intended to also help the Benches in quick resolution of cases and imparting speedy justice to the customers,” Bhoosreddy stated.

The chairman of UP RERA urged all stakeholders and customers to use the revised SOP found on the organization’s website while submitting their complaints and any supporting documentation.

The post To assist homebuyers, UP-RERA begins pre-hearing review of complaints. appeared first on .