With demonetisation, GST, RERA, insolvency bill, GST rates on affordable housing coming down, the real estate market will see a turnaround. There will be a more rationalized market
Stable values to propel residential sales
As per rules, slums are redeveloped by builders under SRA guidelines and comprise a saleable portion, for fresh buyers, apart from homes meant for rehabilitating slumdwellers.
Channel partners are agencies which take complete responsibility of selling realty projects.
National Urban Housing Fund of Rs 60,000 crore approved by the government not sufficient
In a recent order, the Supreme Court has made it abundantly clear that the primary intention of the apex court is to secure the “predominant interest” of homebuyers
In 2018, sales increased by 29.3 percent to 17.26 million square feet compared to 13.35 mn sq ft over the same period a year ago.
Total apartments launched in 2016 and 2017 was 233,387 units
Over 70 percent developers felt that major changes have been made in both customer and vendor agreements.
Under RERA complaints have to be resolved within 60 days and a regulation finalising the timeline would be issued soon
With a massive urbanisation rate of more than 30% (estimated to reach 40% by 2030), the demand for homes in India an assured long-term story in which chapters will continue to unfold.
The forum will come into effect from February 1 and the hearings before the conciliation benches are expected to begin from the first week of March.
"Around 45 per cent of prospective buyers are looking to purchase homes in first quarter of 2018 following the great confidence boost RERA has given them. This is a positive outlook for real estate," he told PTI at an event organised by the company here.
The letter says that even though the government has passed on a host of concessions to real estate developers with the intent to make housing affordable, builders, unfortunately, enjoy the reductions in cost rather than passing it to buyers
The app which also aims to assist brokers in their growth, standardise brokerage commissions across India was launched at India’s first National Convention for Brokers in Mumbai.
Despite extending deadlines, barely 12 percent property brokers in Maharashtra have registered under the MahaRERA, the state real estate regulatory authority.
Here’s what we shall remember you for.
Six states and union territories have established permanent Real Estate Regulatory Authority and 23 States/UTs have established interim Real Estate Regulatory Authority.
The legal precedents established in 2017 have laid the foundation for the ‘rules of engagement’ in the real estate sector and these will have a long-term impact
Even as near-term outlook remains cloudy for housing finance companies, some stocks deserve a closer look.
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