The Government of India enacted the Real Estate (Regulation and Development) Act 2016 on 26th March 2016 and all its provisions came into effect, from May 1, 2017. Developers have been given until the … READ FULL STORY The post What is RERA and how will it impact the real estate industry and home buyers? appeared first on Housing News.
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Three major reforms — demonetisation, Real Estate Regulation and Development Act (RERA) and Goods and Services Tax — introduced in a short span, seem to have taken the wind out of the sails of real estate sector in Telangana. While demonetisation derailed the momentum of the real estate for sometime that saw its resurgence after the formation of Telangana State,
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While world’s urban population is expected to surpass six billion by 2045, it is estimated that by 2030, 40% of India’s population will be living in urban areas and contributing 75% of GDP. As per syndicated reports, at present, there’s a shortage of 18 million homes across the country of which 15 million are needed for low-income families.
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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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