RERA- A Blessing for the Real Estate Industry

RERA 2016 Act aims to protect the interest of the property buyers. The rules and regulations under RERA India aims to bring transparency and bridge the gap between buyers and sellers. Under the Act, it is mandatory for all the realty establishments to register with Real Estate Regulatory Authority, if the construction work exceeds 500 …

The Hits and Misses of RERA for Buyers and Developers/Builders

For Consumers – The buyers of real estate market have a high hope from the policy of RERA. They must understand that no policy is perfect and since real estate’s vertex is so huge, any strategy will have some few open ends. But, the good news is that when the states will be implanting them, it …

Major Priorities for Builders/Developers

If one takes a close look at the two big factors of real estate, then he would find that government and builders give the major push to it. Of course, buyers have their own significance, but their importance is felt in the reactions whereas actions are made by the authority and the builders. With RERA, …

RERA Affects the Launch of New Projects in Delhi NCR

Real Estate Regulatory Authority of India has already started showing its effect. RERA policies have made it mandatory for the builders to deliver the projects on time. If not delivered on time, they will be penalized and may have to face imprisonment too. While various residential markets across the country showed 7% growth in property …

Rules on Salary Payable to the Chairperson, Members and other Officers in RERA Authority

RERA India is not only a buzzword among buyers and developers but is also of great significance to the Chairperson and Members of Authority. From knowing the selection procedure to the remuneration to the paid leaves, RERA is of great interest among Real Estate Regulatory Authority. The draft rules of RERA related to remuneration payable …

MoHUPA’s Draft for Real Estate Agents Based on Real Estate Act of 2016

I – Documentation Requirements of Real Estate Agent Registration Every agent must submit following details in a written form in order to fulfil the application. (a). An agent must provide brief details of his work and company. This will include his name, company’s name, type of enterprise etc. (b). The information for registration should include …