The Real Estate (Regulation & Development) Act 2016 has been hailed as a landmark reform measure for the country’s real estate sector in post-independent India. The Act is largely anticipated to change the functional paradigms of the sector in India. However, the efficacies
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A writ petition seeking direction to MahaRERA to take action against all unregistered construction projects (residential flats/bungalows/gated communities/villas) in Maharashtra that are still being promoted without being registered, came up for hearing before
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Mumbai: In a huge relief to two allottees from a real estate project, the Real Estate Regulation Authority (RERA) directed a developer to pay interest to both the allottees for delayed possession by three years. The RERA acted on a complaint filed by two separate allottees
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The real estate sector has been one of the top-most contributors to the country’s Gross Domestic Product (GDP) and employment creation. Surprisingly, inspite of being such an important part of the economy, the real estate sector was unregulated for numerous years.
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RERA Has Sorted Out Most Of The Problems From A Consumer’s Perspective. The Maharashtra Real Estate Regulatory Authority (MahaRERA) will complete a year on May 1. While the Real Estate Regulatory Authority (RERA) was supposed to be rolled out across the country the same time last year,
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Provisions that protect consumers are very basic and builders can still withdraw 30% of customer funds to buy land It is difficult to run into somebody in Delhi you know and not have them confess that they too are caught with their money stuck in stalled real estate projects
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