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”
With festive season round the corner, RERA has come ahead with a good news of forcing builders to complete their long due projects. The builders have now been asked to complete the projects and concentrate on selling of their house stock to home owners. In the past few years, when demand was strong builders came …
Continue reading “Builders to timely complete projects this festive season: RERA”
Real Estate Regulatory Authority – RERA is one of the most debatable topic in last couple of months in Indian real estate market. As soon as it became a law, it received a lot of applause from buyers. In the sales pitches, the agents have already started making a claim that the project they are …
Continue reading “After RERA – Is now the right time to buy?”
Home-buyers seem to have found their voice, finally. In the backdrop of recent news-flow about builders getting arrested and courts offering no sympathy while delivering verdicts, home-buyers have gained the confidence to fight back. It’s a welcome change from we have been witnessing over the years. And this will continue to gather strength as more …
Number of private equity as well as strategic investors who have invested in realty sector, mainly at project level, are renegotiating their contracts with the developer fearing litigation and fines once the new real estate regulations come into force. The fear is that under the Real Estate (Regulation and Development) Act (RERA), they can be …
Continue reading “RERA Fears make PE firms and Tactical Investors Tweak Real Estate contracts”
By issuing an advertisement/notification in the newspaper (when possession has not yet been handed over), a city authority has tried to get into the shoes of the builder (by issuing a notification on the builder’s behalf) which is contrary to the law under Section 4 (4). Even if the authority wants to get such a …
