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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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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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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