Examples of RERA Rules in a sentence
We may mention here that once this prima facie case is made out, the burden shifts on the promoter/real estate developer to point out in their reply and in the hearing before the NCLT, that the allottee is himself a defaulter and would, therefore, on a reading of the agreement and the applicable RERA Rules and Regulations, not be entitled to any relief including payment of compensation and/or refund, entailing a dismissal of the said application.
Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the AP RERA Rules for every month of delay, till the handing over of the possession of the Plot.
If there is any reduction in the carpet area within the defined limit of 3% (three percent) then the Promoter shall refund the excess money paid by Allottee within 45 (forty-five) days with an annual interest at the rate specified in the RERA Rules, from the date when such an excess amount was paid by the Allottee.
It is clarified that the carpet area as defined hereinabove is computed in accordance with the provisions of Section 2 (k) of RERA and as per the RERA Rules (viz.
Currently, the mechanism for furnishing quarterly updates (as required under Section 11 of RERA read with Rule 15(D) of Karnataka RERA Rules) with respect to registered projects has not been activated on the Karnataka RERA portal.
Further, he observed that:o Section 84 gives power to the government to make rules, it does not include provision of making rules regarding completion certificate and therefore states government cannot tweak the related provisions.o Tweaking of the Central Act in state rules favoring developers should be removed, for instance the Uttar Pradesh, RERA Rules provide that ongoing projects, in which 60% units has been sold or applied for completion certificate, need not be registered under RERA.
In case of failure to settle such dispute amicably, the same shall be referred to the RERA Authority as per the provisions of the RERA, RERA Rules and Regulations, thereunder.
In case of failure to settle the dispute amicably, this shall be referred to the Maharashtra Real Estate Regulatory Authority as per the provisions of the RERA, Rules and Regulations thereunder.
The term “Agreed Interest Rate”, wherever the same appears in this Agreement shall be deemed to be a reference to the Interest Rate as mentioned in Rule 18 of the RERA Rules.
Some eminent builders who are in the field for nearly half a century are already practising themselves what the RERA Rules prescribe now It can be seen that the majority of the multi storied building constructions are being executed by only a group of dedicated and reputed builders.