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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The notification of the Real Estate Regulatory Authority act (Rera) rules in Haryana has been delayed by a month, officials of the Town and Country Planning (TCP) department said. The home buyers are disappointment with the move as the deadline to notify the rules was June 30. Arun Kumar Gupta, financial commissioner TCP Haryana, said,
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In a major relief to citizens, the Real Estate Regulatory Authority has decided to accept complaints about unregistered projects for free of cost from informants until the 90-day period granted to builders to register their projects ends. The law though states that a mandatory fee of Rs 5,000 is required for filing of the complaint.
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For NRIs, the investment sentiment is greatly boosted by the RERA, GST, Benami Act, REIT and government initiatives like demonetization. The Indian property market has always been quite attractive for non-resident Indians (NRIs) who are keen to have some roots in their home country.
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PUNE: Its been four weeks since the Real Estate Regulatory Authority came into force in Maharashtra, but only 12 projects and 900 agents have so far registered under the new regulatory regime across the state. Three builders have registered in Pune division, eight in Konkan and one
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