A Mumbai-based developer and a Thane builder are probably among the first in the country to register their project under the Real Estate Regulatory Authority (RERA), which came into effect on May 1. Nayan Shah of Mayfair Housing was the first to upload his project plans
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The much awaited Real Estate Act comes into force on Monday with a promise of protecting the right of consumers and ushering in transparency but only 13 states and UTs have so far notified rules. The government has described the implementation of the consumer-centric act as the beginning of an era where the consumer is the king.
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To regulate the real estate sector, the government has come up with the idea of Real Estate Regulatory Authority (RERA) Bill which is expected to help buyers. RERA is supposed to protect the interest of the homebuyer and ensure timely delivery of projects. Real Estate Regulatory Authority (RERA)
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Real estate regulatory Act (RERA) is expected to be a game changer for the industry and widely change its working dynamics, according to MP Ahammed, chairman, Malabar Group of Companies. In an interview with Sobia Khan, Ahammed talks about the hurdles
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Coming down heavily on the states that have diluted the real estate regulatory Act, Union minister M Venkaiah Naidu on Tuesday said states have no power to dilute the provisions and this will have serious implications including public outcry.The minister of Housing and Urban Poverty Alleviation
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While the Real Estate Regulation Act is intended to simplify real estate purchase and make the process more transparent, we look at whether home seekers have anything to gain, by postponing their property purchase till their respective states implement the law
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