Think of an ordinary home buyer and it conjures up the image of a harried and hassled man running from pillar to post. The exercise starts with the person doing multiple rounds of several properties and finally zeroing in on one. But the end of house hunting does not always mean the end of his …
Category Archives: RERA
Implementation of RERA norms will ascertain the timely project completion
The Supreme Court has taken the right decision by directing the developer to pay homebuyers money back. Late or no possession has led buyers to move to court for their money invested in such deals. Homebuyers turned to court and asked for the raise in interest at the rate of 18% concoctive annually, same to …
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Builders prioritising RERA compliance
It is clearly seen that The Real Estate Regulatory Act (RERA) will gradually bring in the much-needed limpidity in real estate dealings to improve the confidence of homebuyer. Over The concern of RERA coming, Builders of Delhi/NCR have started adapting and reworking on builder-buyer agreements. Developers are also working on setting up accurate time frames …
Buyers hopeful of timely possession after RERA
Around 40% of buyers/builders felt that implementation of RERA would help in timely delivery of projects since 70% of the sales proceeds will be set aside in an escrow account by developers and also eliminate non-serious players from the sector, says a new survey. Many real estate developers say RERA legislation is a step in …
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PE inflows into office space surge on reforms
MUMBAI: Renewed confidence among institutional investors has pushed private equity flows into commercial real estate in the first half of 2016 even beyond the cumulative investments witnessed during the whole of last year. Office realty has received over Rs 3,256 crore investments from private equity funds during January to June against Rs 3,229 crore in …
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The conventional thinking to real estate capital
The conventional thinking to real estate capital, which was dependent on landowner joint venture, pre-sales and customer advances, now has gone. Developers are reclining to other funding routes by entering into HNIs and corporate tie-ups.There is an excessive need for capital, which has been forced on the back of deceleration in sales compared to the …
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