Extent of Overriding Effect of RERA – Karnataka

On 01.05.2017, although The Real Estate (Regulation and Development) Act, 2016 (hereinafter referred to as the RERD Act) came into full force for the regulation and promotion of the real estate sector especially as regards the correlation between Promoters, Allottees...

MahaRERA approves the Model Allotment Letter

Background The Maharashtra Regulatory Authority released an Order (No. 30 of 2022) regarding the submission of proforma of the allotment letter and agreement for sale for registering a real estate project in compliance of Section 4(2)(g) of the Real Estate (Regulation...

What is an Occupancy Certificate?

An Occupancy Certificate is a document that declares a commercial or residential building ready for occupation. It is issued by the local authority to the developer within 30 days of application, certifying that the building has been constructed according to the...

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