Is RERA having an overriding effect on state laws?

The Real Estate Regulatory and Authority (RERA), has always been praised as a progressive provision, but certain state laws are much wide in range.The Real Estate (Regulation and Development) Act, 2016 has received Presidential acceptance on March 25, 2016. It intends to bring more lucidity and security in the market for the customer of residential …

Balance of interests between Buyers and Builders is key to RERA

The highly anticipated Real Estate Regulatory Bill has arrived. Under this bill, the government of India is planning to establish RERA (Real Estate Regulatory Authority). The guidelines in RERA act are promising to uplift the current scenario. It seems that the government has finally found the solution of the ever-present real estate problems in India. …

As Real Estate Regulatory Authority bites, PE investment returns to fall

Current estimates suggest structured debt investments now command approximately 18%-25% interest cost on residential projects Return on private equity (PE) investments is set to decline as the Real Estate Regulatory Authority (RERA) takes effect, according to industry experts. Making projects RERA compliant will erode profit projections, forcing PE fund managers to re-calibrate potential income from …

Are the provisions under RERA 2016 Act sufficient for ongoing projects?

The much maligned real estate sector of India has exploited the home buyers to a large extent. To protect the interest of the buyers, Real Estate Regulatory Authority is being formed. The RERA 2016 bill was passed by the parliament in March 2016. The Ministry of Housing has updated the draft rules for RERA India. …

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 …