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Explore Assured Returns, Transfer Charges, QPR & More: RERA Chiefs, Builders Debate Contentious Issues with 3,204 views, 227 likes, and 0 comments. Experience the impact of this video content that has captured audience attention.

The R&M Podium VII brought together leading RERA Chairpersons, policymakers, developers, and industry experts to discuss the evolving regulatory landscape of India's real estate sector. The session focused on key challenges, policy updates, and reforms aimed at strengthening transparency, improving compliance, and protecting the interests of homebuyers and developers. The discussion covered a wide range of topics, including transfer charges, delayed possession, interest rates under RERA, Quarterly Progress Reports (QPR), revised CA audit requirements, assured returns, sanction plan validity, joint development agreements (JDAs), project registration, enforcement mechanisms, and proposed amendments to the Real Estate (Regulation and Development) Act. Key Discussion Points: • UPRERA clarified that the assignment of a Builder Buyer Agreement is neither a sale deed nor a sub-lease. Therefore, no stamp duty is applicable on such assignments. Transfer charges have been capped at ₹1,000 for transfers within the family and ₹25,000 for transfers outside the family. • Developers highlighted concerns regarding transfer charges and delayed payment interest, while regulators discussed maintaining fairness to reduce disputes and litigation. • UPRERA explained that interest payable under RERA is linked to MCLR plus 1%, whereas consumer courts often award significantly higher rates, reinforcing the effectiveness of RERA in dispute resolution. • Punjab RERA emphasized the need for stronger enforcement mechanisms to improve recovery of dues and ensure better compliance with regulatory orders. • The importance of the Quarterly Progress Report (QPR) as the primary monitoring tool under RERA was discussed in detail. Developers also raised concerns over the revised CA audit reporting format, which UPRERA agreed to review with industry representatives. • RERA Chairpersons shared recommendations for amendments to the Act, including greater clarity on the 500 square metre/8-unit threshold, flexibility in granting project extensions where delays are beyond the promoter's control, redefining force majeure, and empowering RERA authorities to issue directions to civic bodies. • Delhi RERA and UPRERA reiterated that projects should be marketed strictly on carpet area and reaffirmed that assured return schemes are not permissible under the Act, except where specifically allowed. • The panel discussed the relationship between sanction plan validity and RERA registration, recommending phased registration for large township projects to ensure smoother implementation and regulatory compliance. • Developers also raised concerns regarding recent provisions affecting Joint Development Agreements (JDAs), while UPRERA explained the rationale behind revised land cost disclosures and circle rate-based valuation. Panel Speakers: Sanjay Bhoosreddy, Chairman, UPRERA Anand Kumar, Chairman, Delhi RERA Rakesh Goyal, Chairman, Punjab RERA Parneet Singh Sachdev, Chairman, HARERA Panchkula Suresh Garg, CMD, Nirala World Harshvardhan Bansal, Co-Founder, Unity Group L. N. Jha, Director, SKA Group Sanjeev Ailawadi, Head Legal, Max Estates Palash Roy, Editor, Realty & More #RMPodium #RERA #UPRERA #DelhiRERA #PunjabRERA #HARERA #RealEstate Share, Support, Subscribe!!! Subscribe: https://www.youtube.com/@realtynmore About : Realty & More is a digital platform where you will find everything related to the real estate industry from latest news to expert insights. Follow Us on Social Media: Website: https://realtynmore.com YouTube: https://www.youtube.com/@realtynmore Instagram: https://www.instagram.com/realtynmore Facebook: https://www.facebook.com/realtynmoreIN Twitter (X): https://twitter.com/realtynmoretv

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