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UP-RERA has notified amendments introducing a framework for collection, management, transfer and utilisation of Interest Free Maintenance Security funds. Promoters will have to transfer the entire IFMS corpus to RWAs or associations of allottees at the time of handing over common areas.

The Tamil Nadu government has appointed an interim panel to lead the Real Estate Regulatory Authority. Retired IAS officer K Phanindra Reddy will chair the new interim panel. This action follows the recent resignations of the authority’s previous chairperson and members. The state government has superseded TNRERA for six months or until its reconstitution. The interim panel will now perform all statutory functions and duties of the authority.

Gurgaon’s real estate regulator ordered Godrej Highview to give possession of a flat. The developer must also pay statutory delay possession interest to the buyers. Buyers had booked the apartment in 2018, with possession due in 2023. The regulator rejected the developer’s force majeure claims for further extensions. Godrej Highview is now directed to deliver the unit after obtaining the occupation certificate.

Karnataka Rera recovered Rs 1.5 crore from builders for delayed reports. This action enforces compliance and enhances transparency for homebuyers. Builders face penalties for not submitting mandatory quarterly progress and annual audit reports. The authority monitors project timelines and progress through these essential filings. Homebuyers welcomed the stricter enforcement of reporting requirements.

UP-RERA has clarified the procedure for refund of excess GST collected from allottees in registered real estate projects. It has directed promoters to collect GST only at rates notified by the government.

The Haryana Real Estate Appellate Tribunal has ordered a realty firm and the DTCP to produce specific project drawings. This direction follows a homebuyer’s challenge regarding the apartment’s carpet area and pricing calculations. The tribunal also requested the occupation certificate based on the approved drawings for verification. The realty firm has disputed the homebuyer’s allegations concerning the sale price calculations.

The Odisha Real Estate Appellate Tribunal overturned a previous order regarding an apartment booking. A builder illegally cancelled an apartment allotment after receiving buyer payments. The tribunal directed the builder to raise a revised demand for delayed interest. This ruling reinforces that builders cannot benefit from extensions granted to allottees. The buyer was granted one month to make the revised payment.

GujRERA now scrutinizes developers more closely for new project registrations. Nearly half of applications reveal promoters with earlier project complaints. Developers must resolve outstanding issues before new project approvals are granted. This enhanced scrutiny covers buyer complaints and authority-initiated cases. The regulator will soon display promoter histories on its public portal.

Haryana RERA’s Gurugram bench has directed Neo Developers to pay assured returns of ₹1.08 lakh per month to the allottee from October 10, 2020 till a valid offer of possession. The authority also directed the developer to hand over possession within 60 days and execute the conveyance deed within three months.

Odisha real estate agents are now mandated to implement anti-money laundering protocols, verifying clients against UN sanctions lists. This directive, following international updates on terror financing watchlists, requires enhanced due diligence for any client matching restricted profiles. Failure to comply could lead to penal action, ensuring stricter adherence to global security measures in property transactions.