A total of Rs 4,64,330 crore worth of housing projects are stuck across India owing to several factors like liquidity crunch faced by the developers over the past five years, delay in getting clearances, land disputes, etc, a report by Anarock Property Consultants said. Although Maharashtra has the maximum number
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Lack Of Staff Hits RERA Work
PATNA: Registration of real estate projects and real estate agents is going on at a snail’s pace in the state. It has been five months since the full-fledged Real Estate Regulatory Authority (RERA) came into effect in the state, but only 140 ongoing projects and 10 real estate agents have so far procured licences under Section 3 of the Real Estate
Read MoreGurgaon Bench Ruling To Bring 200 More Haryana Projects Under Rera
NEW DELHI: At least 200 real estate projects in Haryana, which got exemptions from registration with the Real Estate Regulatory Authority (Rera) on the basis of their developers applying for completion or occupation certificates before the Haryana rules came into effect, will now have to be registered with the regulator.
Read MoreTelangana Lags Behind Others In RERA Adoption
HYDERABAD: While Maharashtra takes the first place when it comes to the proactive Real Estate (Regulation and Development) Act adoption, implementation and integration, followed by Uttar Pradesh, Gujarat, Madhya Pradesh and Karnataka, Telangana, where the Act was notified a year ago,
Read MoreGujarat third in Number of RERA-Registered Projects
AHMEDABAD: More than one year after the Real Estate (Regulation and Development) Act (RERA) came into force, Gujarat is among the top states in implementation and adoption of the new realty law. With 3,300 real estate projects, both new and ongoing, as of August, Gujarat ranks third
Read MoreRERA Freezes Bank Accounts of Realtor
PATNA: The Real Estate Regulatory Authority (RERA) of Bihar on Saturday ordered freezing of the bank accounts of a Patna-based real estate company for allegedly making misleading statements in its replies to show-causes notices for not registering an ongoing project.
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