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  • SC asks Centre to frame model builder-buyer agreement for realty deals Oct 04, 2021 01:00 PM IST

    SC asks Centre to frame model builder-buyer agreement for realty deals

    SC says builder-buyer agreement important to protect homebuyers

  • Homebuyers unhappy, want states to scrap project deadline extension Sep 06, 2021 11:58 AM IST

    Homebuyers unhappy, want states to scrap project deadline extension

    The Forum For People's Collective Efforts has demanded that Maharashtra, Uttar Pradesh and Karnataka roll back the extended deadlines and no state be allowed to offer such relief to builders at this cost of homebuyers

  • Dear home buyers: Are you getting a “fraud alert” after hearing the term “super area”? Aug 28, 2021 03:49 PM IST

    Dear home buyers: Are you getting a “fraud alert” after hearing the term “super area”?

    Super built-up area includes broadly the space outside the apartment like clubhouse, gym, lobby, etc. The gap between “super area” and “carpet area” is called “loading.”

  • West Bengal takes first steps towards implementation of RERA Jul 29, 2021 11:20 AM IST

    West Bengal takes first steps towards implementation of RERA

    Homebuyers hope that constitution of Authorities, Appellate Tribunal and web page as envisaged under RERA will also follow soon

  • 76% homebuyers aware of RERA; only 22% satisfied with consumer redressal mechanism: Survey Jul 28, 2021 06:08 PM IST

    76% homebuyers aware of RERA; only 22% satisfied with consumer redressal mechanism: Survey

    There is a lot of work to be done to streamline the understanding of the provisions of RERA, increase stakeholder confidence through greater transparency and improve the grievance redressal process as 30 percent of consumers surveyed were still unaware of RERA’s role as a regulator, the survey shows.

  • Real estate market to touch $1 trillion by 2030, housing demand revives despite COVID-19: Housing secretary Jul 21, 2021 08:06 PM IST

    Real estate market to touch $1 trillion by 2030, housing demand revives despite COVID-19: Housing secretary

    Mishra said states have been asked to implement the Model Tenancy Act, which was passed by the Union Cabinet in June, at the earliest.

  • Homebuyers’ body wants RERA to be ‘expeditiously’ implemented in West Bengal Jul 20, 2021 08:11 PM IST

    Homebuyers’ body wants RERA to be ‘expeditiously’ implemented in West Bengal

    It said that despite more than two months, RERA has not been implemented in the state and is causing immense hardship to homebuyers.

  • Have a problem with your real estate builder? Here’s how RERA can help Jul 12, 2021 08:56 AM IST

    Have a problem with your real estate builder? Here’s how RERA can help

    Complaints against developers as well as real estate agents can be made, provided they are registered with the respective real estate regulation authority

  • Only 10% of ongoing projects completed in Karnataka in the last five years: Homebuyers’ body Jul 09, 2021 09:48 PM IST

    Only 10% of ongoing projects completed in Karnataka in the last five years: Homebuyers’ body

    Failures of Karnataka RERA outweigh benefits derived from it, FPCE says in a letter to the state government

  • Seeking indiscriminate extension of project timelines from RERA is not builders’ birthright: Homebuyers' body Jun 08, 2021 04:16 PM IST

    Seeking indiscriminate extension of project timelines from RERA is not builders’ birthright: Homebuyers' body

    Not even 10% projects that were ongoing in 2016 when RERA was enacted have been completed and few refund orders issued by Authorities have been executed, they said

  • Govt will look into real estate developers’ demand for extension of project completion timelines: Housing Secretary May 28, 2021 06:35 PM IST

    Govt will look into real estate developers’ demand for extension of project completion timelines: Housing Secretary

    Regarding increase in prices of steel and cement, the housing secretary said he had taken up the matter with the concerned ministry and would do so again

  • Covid-19 Second Wave: Developers’ bodies demand extension of timelines for projects registered under RERA May 19, 2021 04:59 PM IST

    Covid-19 Second Wave: Developers’ bodies demand extension of timelines for projects registered under RERA

    Builders have also asked the housing ministry to issue a directive to all states to extend the validity of all the existing approvals.

  • COVID-19 Second Wave: How will extension of delivery timelines by RERA impact homebuyers and developers? May 11, 2021 03:46 PM IST

    COVID-19 Second Wave: How will extension of delivery timelines by RERA impact homebuyers and developers?

    Experts say that if an extension is granted on account of the second wave, it may lead to several projects getting delayed by more than a year and that may have monetary implications on both developers and homebuyers as no financial safeguards or moratoria are available this time around

  • Four years of RERA: Around 63,583 real estate projects registered; 65,539 complaints disposed of May 05, 2021 04:52 PM IST

    Four years of RERA: Around 63,583 real estate projects registered; 65,539 complaints disposed of

    Uttar Pradesh has disposed of the most complaints in four years (nearly 26,510 cases), followed by Haryana with 13,269 cases and Maharashtra with 9,265 cases; the three states together accounted for 75 percent share of disposed cases.

  • SC says WB Housing Industry Regulation Act of 2017 ‘unconstitutional’, in conflict with Centre's RERA May 04, 2021 11:22 AM IST

    SC says WB Housing Industry Regulation Act of 2017 ‘unconstitutional’, in conflict with Centre's RERA

    The court said homebuyers who purchased properties under the state law before its verdict need not worry as their registration and other acts will remain valid

  • Developers, it's time to start communicating with your customers Mar 27, 2021 12:29 PM IST

    Developers, it's time to start communicating with your customers

    Should developers tell buyers the truth about project delays and risk a few cancellations, or withhold the facts and risk stoking the rumour mill? The choice is more obvious than they think

  • RERA in West Bengal: BJP promises to allow 'seamless real estate development' Mar 23, 2021 09:03 AM IST

    RERA in West Bengal: BJP promises to allow 'seamless real estate development'

    West Bengal is the only state in the country that has not accepted RERA, which came into effect on May 1, 2017, exactly a year after it had been passed by the Parliament. It has implemented its own act titled West Bengal Housing & Industrial Regulation Act 2017 (WB-HIRA).

  • Homebuyers suffer in West Bengal as SWAMIH Fund not applicable Mar 08, 2021 02:37 PM IST

    Homebuyers suffer in West Bengal as SWAMIH Fund not applicable

    Appeal to BJP to declare in their party manifesto for the upcoming West Bengal polls that they would repeal WBHIRA in case they were to form the government

  • Has a builder pulled a fast one on you? Here’s what you should know    Feb 20, 2021 03:06 PM IST

    Has a builder pulled a fast one on you? Here’s what you should know  

    Stickers for elevators, one swimming pool instead of six, an ugly block of apartments in place of a park—there are thousands of instances of builders failing to deliver on promises. Buyers can seek legal help but can avoid the mess by doing some due diligence.

  • Ajoy Mehta to be the new MahaRERA chairman Feb 12, 2021 05:57 PM IST

    Ajoy Mehta to be the new MahaRERA chairman

    He replaces Gautam Chatterjee whose term came to an end last month

  • The RERA rule that gives hope to homebuyers stuck with real estate projects Feb 08, 2021 04:28 PM IST

    The RERA rule that gives hope to homebuyers stuck with real estate projects

    This model of homebuyers taking over stuck projects is becoming popular and once some of the projects do get completed, it could become a test case for other projects to emulate

  • SC to real estate developers: Cannot compel homebuyers to be bound by one-sided agreements Jan 12, 2021 06:44 PM IST

    SC to real estate developers: Cannot compel homebuyers to be bound by one-sided agreements

    Supreme Court also holds that incorporation of unreasonable clauses in the agreement constitutes an unfair trade practice under the Consumer Protection Act; clarifies that buyers have the right to choose one remedy in case “two concurrent remedies” are available

  • Model Tenancy Act likely to be approved by March: Housing secretary Jan 12, 2021 12:24 PM IST

    Model Tenancy Act likely to be approved by March: Housing secretary

    The ministry floated the draft model tenancy law in July 2019. It proposes to establish an independent authority in every state and Union Territory for registration of tenancy agreements and even a separate court to take up all tenancy-related disputes.

  • DLF: Gearing up to ride the next realty wave in residential segment Dec 30, 2020 10:36 AM IST

    DLF: Gearing up to ride the next realty wave in residential segment

    Tailwinds from the government’s incentives towards affordable housing, property price correction in key metro cities, lowest interest rates and ample liquidity in the system are factors that point to improving sales prospects in the quarters ahead

  • Indo-Japanese real estate venture Krisumi to deliver 433 housing units in Gurgaon by 2024 Nov 18, 2020 12:08 PM IST

    Indo-Japanese real estate venture Krisumi to deliver 433 housing units in Gurgaon by 2024

    The total development cost of the 65-acre project is approximately Rs 9,000 crore which may be borne through internal accruals, acquiring debt or through contributions from promoters

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