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  • Other states must consider reducing stamp duty like Maharashtra to boost real estate sales: Housing secretary Oct 14, 2020 06:51 PM IST

    Other states must consider reducing stamp duty like Maharashtra to boost real estate sales: Housing secretary

    On August 26, the Maharashtra government decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31 to boost the stagnant real estate market hit by the COVID-19 pandemic

  • Exclusive | At least 13 Delhi-NCR projects accorded final approval under SWAMIH Fund Oct 13, 2020 10:02 AM IST

    Exclusive | At least 13 Delhi-NCR projects accorded final approval under SWAMIH Fund

    A majority of the projects considered for stress funding had RERA and NCLT cases pending against them

  • Ladakh notifies RERA rules, ushers in new era in real estate development in UT Oct 12, 2020 12:58 PM IST

    Ladakh notifies RERA rules, ushers in new era in real estate development in UT

    Move to lead to real estate development in the region

  • COVID-19 impact: Residential-realty demand to halve this fiscal; prices likely to correct by 5-15% Sep 15, 2020 03:35 PM IST

    COVID-19 impact: Residential-realty demand to halve this fiscal; prices likely to correct by 5-15%

    Small and mid-sized real estate developers stare at huge funding gap.

  • Regulatory challenges add to homebuyers' woes in COVID-19 times Sep 14, 2020 02:09 PM IST

    Regulatory challenges add to homebuyers' woes in COVID-19 times

    This is perhaps the worst crisis of their lives due to job losses and pay cuts for which no relief has so far been considered. It’s time steps are taken to restore their confidence

  • Gujarat RERA puts builder's private property under the hammer to repay homebuyer Aug 24, 2020 07:42 PM IST

    Gujarat RERA puts builder's private property under the hammer to repay homebuyer

    A few weeks ago, Karnataka RERA had also issued orders to auction a builder’s property to compensate a homebuyer; UP RERA plans to auction properties of 25 builders to recover homebuyers’ money amounting to over Rs 500 crore

  • Homebuyers cannot initiate insolvency proceedings to execute RERA decrees, rules NCLAT Aug 18, 2020 06:14 PM IST

    Homebuyers cannot initiate insolvency proceedings to execute RERA decrees, rules NCLAT

    The NCLAT rules that a decree-holder cannot be treated as financial creditor for the purpose of triggering insolvency proceedings against a company

  • Independence Day: COVID-19 prompts Centre to usher in affordable rental housing complexes Aug 14, 2020 04:43 PM IST

    Independence Day: COVID-19 prompts Centre to usher in affordable rental housing complexes

    Absence of affordable rental housing in top cities caused a mass exodus of migrants during the lockdown; ARHCs aims to make cities future-ready during such exigencies

  • Timeline extension of real estate projects under RERA: All you need to know Aug 14, 2020 12:20 PM IST

    Timeline extension of real estate projects under RERA: All you need to know

    Considering that homebuyers do not benefit much from it, it is advisable for them to request developers for revision of their agreements and sale deeds

  • Special Situation Funds: Bailing Out India’s Stuck Housing Projects Jul 21, 2020 11:00 AM IST

    Special Situation Funds: Bailing Out India’s Stuck Housing Projects

    Since 2012, NBFCs emerged as the largest lenders for real estate projects in an environment where project delays became commonplace

  • Consumer Protection Act 2019 impact: NCDRC to hear only homebuyers who have paid over Rs 10 crore Jul 20, 2020 06:27 PM IST

    Consumer Protection Act 2019 impact: NCDRC to hear only homebuyers who have paid over Rs 10 crore

    Other cases to be heard by district and state commissions. Experts say that this will fail to provide quick relief to homebuyers given the huge number of cases pending in these forums. Buyers see this as a move to limit legal option to RERA

  • RERA disposes of almost 50,000 complaints in three years Jul 14, 2020 01:58 PM IST

    RERA disposes of almost 50,000 complaints in three years

    UP sees maximum disposal of real estate complaints at 18,509 cases; Haryana comes second with 9,919 cases disposed and Maharashtra is at the third spot with 7,883 cases disposed.

  • 'Timelines for housing projects extended to ensure flats delivery' Jun 24, 2020 09:10 PM IST

    'Timelines for housing projects extended to ensure flats delivery'

    "Due to COVID-19, the work of ongoing real estate projects has halted," the PMO said in response to a petition by Samachar Foundation Director B N Kumar.

  • COVID-19 impact | Most RERA authorities hear cases online; conform to social distancing norms Jun 17, 2020 07:59 PM IST

    COVID-19 impact | Most RERA authorities hear cases online; conform to social distancing norms

    Hearings have been taking place in two benches of UP Rera at Gautam Buddh Nagar and Lucknow.

  • 23 state RERA authorities extend registration of projects by 6-9 months Jun 17, 2020 01:26 PM IST

    23 state RERA authorities extend registration of projects by 6-9 months

    Measure taken to safeguard interests of homebuyers, ensure that projects do not get stalled due to disruptions caused by COVID-19 pandemic and flats get delivered albeit with some delay, he said in a series of tweets

  • Karnataka RERA notifies model sales agreement after 3 years Jun 15, 2020 09:30 PM IST

    Karnataka RERA notifies model sales agreement after 3 years

    It mandates that the agreement for sale has to be registered with the sub-registrar’s office after being signed by the builder and the buyer

  • The reality of realty  Jun 05, 2020 09:30 AM IST

    The reality of realty 

    What is truth about the real number of projects being stalled and the belief that prices of realty will definitely fall in the post-Covid era ?

  • Coronavirus impact | UP RERA extends real estate project timelines by six months May 21, 2020 11:56 AM IST

    Coronavirus impact | UP RERA extends real estate project timelines by six months

    Last week, the Centre issued an advisory to regulatory authorities of all states and Union territories, directing them to treat COVID-19 pandemic as 'Force Majeure' or an act of God. It allowed extension of timeline to complete projects by six months

  • Can RERA authorities direct homebuyers' associations to complete stalled real estate projects? May 21, 2020 11:49 AM IST

    Can RERA authorities direct homebuyers' associations to complete stalled real estate projects?

    This model of homebuyers taking over stuck projects could become popular in post-COVID-19 world, said experts.

  • MahaRERA, Gujarat RERA extend completion deadline for real estate projects by six months May 19, 2020 11:34 AM IST

    MahaRERA, Gujarat RERA extend completion deadline for real estate projects by six months

    Last week, the Centre issued an advisory asking real-estate regulators in states and union territories to extend by at least six months the deadline for completion of projects in the face of the coronavirus outbreak

  • COVID-19 has had a 'debilitating effect’ on the real estate sector: Hardeep Puri May 16, 2020 03:09 PM IST

    COVID-19 has had a 'debilitating effect’ on the real estate sector: Hardeep Puri

    To address the anxiety amongst home buyers and real estate developers, the government has issued advisory to states/UTs on extending RERA deadline for projects

  • What RERA timeline extension means for homebuyers, real estate developers May 15, 2020 08:04 AM IST

    What RERA timeline extension means for homebuyers, real estate developers

    While the measures announced by the Centre certainly provide relief to real estate builders, homebuyers say it does not offer any immediate help in the form of interest or rent waivers

  • Centre issues advisory to states on extending RERA deadline for projects May 14, 2020 12:49 PM IST

    Centre issues advisory to states on extending RERA deadline for projects

    Acting on the central advisory, Rajasthan Real Estate Regulatory Authority extends deadline for projects by a year.

  • Extend force majeure benefit to homebuyers too: BJP MP and FPCE write to housing minister May 11, 2020 09:44 PM IST

    Extend force majeure benefit to homebuyers too: BJP MP and FPCE write to housing minister

    The interest component of the home loan should be waived during the force majeure period and builders should bear the interest part until homebuyers receive possession, the letters said

  • Madhya Pradesh RERA gives 6 months extension for real estate projects May 07, 2020 05:30 PM IST

    Madhya Pradesh RERA gives 6 months extension for real estate projects

    The decision was taken due to the adverse impact of the lockdown on the real estate sector, a state Public Relations Department official said on Thursday.

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