With real estate developers across the country given the deadline of July 31 to register projects that are under construction with the Real Estate (Regulation and Development) Act, 2016 (RERA), so far 23 states have notified the rules, out of which only four states have set up a permanent regulatory authority.
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MUMBAI: Four different lenders have turned down a Kolkata-based real estate developer’s application to borrow Rs 40 crore for a residential project in the last two months, without giving any explanation. And, according to two people aware of the development, the builder would struggle to raise money,
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PUNE: Developers can from September 1 make revisions or corrections in their uploaded documents following MahaRera’s permission and a fee of Rs 5,000 for every change. MahaRera announced the changes on Monday through a circular issued to encourage developers to speed up the registration of their projects with the authority.
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BENGALURU : When realty prices hit the roof in Bengaluru and other major cities in the past two decades, small time brokers and agents had a free run as they became indispensable in the sector. But now with property brokerage coming under the ambit of the Karnataka Real Estate (Regulation and Development)
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The deadline for rolling out the Real Estate Regulation Act (RERA) is set to expire on July 30, but the country’s largest state, Uttar Pradesh, is nowhere near implementing it. The Yogi Adityanath government is yet to notify the rules, form a new authority, select its chairman and members,
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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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