Expert RERA Consultants
The ministry of urban development is working on similar rules which would be applicable for the National Capital Region of Delhi. The government on Monday has notified the final rules to implement the Real Estate (Regulation and Development) Act, 2016 (RERA) that aims to bring transparency and set accountability in the sector and help in …
Continue reading “Govt notifies real estate regulatory Act rules for Union Territories”
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. …
Continue reading “Are the provisions under RERA 2016 Act sufficient for ongoing projects?”
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 …
Continue reading “The Hits and Misses of RERA for Buyers and Developers/Builders”
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, …
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 …
Continue reading “RERA Affects the Launch of New Projects in Delhi NCR”
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 …
