Standardisation of rules across states will contribute towards ease of doing business for other associated stakeholders, the report says.
Homebuyers relieved. Say RERA has now passed through the executive, legislature, and judicial test. Urge Centre, states and regulatory authorities to implement RERA in letter and spirit.
A bench of Justices Naresh Patil and Rajesh Ketkar pronounced its judgement on a bunch of petitions filed by by real estate developers and individual plot owners, all challenging the constitutional validity of the Act that was brought into effect earlier this year.
In a letter addressed to Puri, Credai recognised RERA as a game changer for the sector which will facilitate the long-term growth of the Indian real estate industry
The Haryana government had announced on Sunday that Krishan Kumar Khandelwal who retired recently would head the state chapter of Real Estate Regulatory Authority
During the demonetisation period, top experts claimed demonetisation would plunge the realty sector into darkness, impacting property investments adversely.
More than 300 complaints received from homebuyers so far
Mumbai, Bengaluru and New Delhi get high scores in a list of 22 markets in the Asia Pacific Region
RERA, decline in interest rates to boost demand for property in India
Haryana permanent regulatory authority expected to be in place in a fortnight; website to be ready by December 31
The company has sought consent from employees by November 18. It has promised to repay in 9 installments starting January.
RERA has no teeth to resolve issues pertaining to delays concerning ongoing projects as in most states these have been kept outside its ambit. It can also do little about projects that are in danger of being abandoned
Global property consultant Cushman & Wakefield and real estate data analytics firm Propstack have analysed Mumbai Metropolitan Area (MMR) projects registered with Maharashtra Real Estate Regulatory Authority (MahaRERA) till August.
if you are planning to buy property now, buy only for self use. This is not an investors’ market and appreciation in property prices is unlikely for the next two years
The real estate sector evolved following economic reforms but ran into hurdles due to inadequate self-regulation and lack of regulatory mechanism.
Residential launches decline but demand for commercial office space and retail properties continues to drive fund flows.
More such joint ventures and joint development projects expected to come up in the post RERA era
The central act made it mandatory for the state governments to form RERA authority as well as the tribunal by 30th April 2017.
Post demonetisation, RERA, GST and insolvency proceedings against Jaypee and Amrapali, most developers are going all out to woo buyers with realistic, sentiment boosting’ marketing strategies.
Recenlty a builder offered a house on rent in a completed project till the time the new unit is ready for possession. This, say experts, is a way to enhance sales in a relatively slow-moving market.
Under RERA, the promoter of a real estate project is obliged to obtain the requisite insurance policies required to secure the development of project and insurances as may be notified by the government.
The total carpet area of projects registered under MahaRERA as per recent data available, was 84.62 mn sq ft
Homebuyers in Karnataka have filed a writ petition in the high court challenging the “explanation” attached to 'ongoing projects' rule in the Karnataka Real Estate (Regulation and Development) Rules 2017.
The focus at the convention was on the three tsunamis that have hit the real estate sector in the past one year namely demonetization, RERA and GST. Here are 5 takeaways from the convention.
The Punjab and Haryana High Court has admitted the petition filed by Gurgaon Citizens' Council and DLF Qutub Enclave Residents' Welfare Association and directed the state government to appear before it for the next hearing on November 23.