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 …
Tag Archives: RERA
More power to the home buyer
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 …
DLF could look at Tweaking Residential Biz Model post notification of RERA Rules
Real estate firm DLF is waiting for the final rules under the real estate regulatory act to be notified to see how it can tweak its business model going forward, said Saurabh Chawla, senior executive director (finance) at DLF during a call with analysts. “We will have to see if we should run our residential …
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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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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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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 …
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