Under the Real Estate (Regulation and Development) Act (RERA), which came into force on May 1,2017, real estate agents will need to register themselves, to be able to facilitate a transaction. The broker segment in India, is estimated to be a USD 4 billion industry, with an estimated
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The Tamil Nadu government has said it will notify the rules under the Real Estate Regulatory Act and appoint a regulator by the month end, according to Union Urban Development Minister Venkaiah Naidu. Addressing a press conference jointly with the Chief Minister Edappadi K Palaniswami following a review of urban development and housing projects supported by the Centre,
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Two days after the State Cabinet decided to implement the Real Estate (Regulation and Development) Act 2016 without any changes, citizen groups staged a protest here on Sunday asking the government to implement the Act at the earliest.
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Will RERA push property prices up? With Real Estate (Regulation and Development) Act, 2016 (RERA) coming into force from May 1, realtors see a short-supply, albeit temporarily, as new realty project launches will get delayed on account of stricter norms.
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A Mumbai-based developer and a Thane builder are probably among the first in the country to register their project under the Real Estate Regulatory Authority (RERA), which came into effect on May 1. Nayan Shah of Mayfair Housing was the first to upload his project plans
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The much awaited Real Estate Act comes into force on Monday with a promise of protecting the right of consumers and ushering in transparency but only 13 states and UTs have so far notified rules. The government has described the implementation of the consumer-centric act as the beginning of an era where the consumer is the king.
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