Housing and Urban Affairs Minister Hardeep Singh Puri has said that the Real Estate (Regulation and Development) Act, 2016 (RERA) has been brought in to resolve issues faced by homebuyers. Speaking at the real estate conference organised by CII and CBRE in the capital on August 29, Puri said that the Centre was committed towards regulating
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MahaRERA has officially announced the launch of its conciliation forum which will consist members of developers as well consumer associations. The forum will come into effect from February 1 and the hearings before the conciliation benches are expected to begin from the first week of March. A dedicated website has been created and it has also been linked to the MahaRERA website. The conciliation bench is expected to arrive at the settlement within 45 days from the date of the reference to the bench. Ten conciliation benches will be set…
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The Goods and Services Tax (GST) is likely to make real estate developers shift focus to high volume, low to medium housing. Affordable housing costs could fall and those for the premium segment could rise, says a white paper titled Decoding GST and Real Estate Regulation by RICS, , a self-regulatory professional body
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