In a bid to prevent misleading advertisements by real estate developers, the Real Estate Regulatory Authority (RERA) has made it mandatory for realtors to quote the registration number in all their promotions.The authority that came into existence from May 1 has in an advisory to media houses advised that advertisements that do not bear its registration
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In a major relief to citizens, the Real Estate Regulatory Authority has decided to accept complaints about unregistered projects for free of cost from informants until the 90-day period granted to builders to register their projects ends. The law though states that a mandatory fee of Rs 5,000 is required for filing of the complaint.
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For NRIs, the investment sentiment is greatly boosted by the RERA, GST, Benami Act, REIT and government initiatives like demonetization. The Indian property market has always been quite attractive for non-resident Indians (NRIs) who are keen to have some roots in their home country.
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PUNE: Its been four weeks since the Real Estate Regulatory Authority came into force in Maharashtra, but only 12 projects and 900 agents have so far registered under the new regulatory regime across the state. Three builders have registered in Pune division, eight in Konkan and one
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Under the Real Estate (Regulation and Development) Act (RERA), which came into force on May 1,2017, real estate agents will need to register themselves, to be able to facilitate a transaction. The broker segment in India, is estimated to be a USD 4 billion industry, with an estimated
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The Tamil Nadu government has said it will notify the rules under the Real Estate Regulatory Act and appoint a regulator by the month end, according to Union Urban Development Minister Venkaiah Naidu. Addressing a press conference jointly with the Chief Minister Edappadi K Palaniswami following a review of urban development and housing projects supported by the Centre,
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