Bhubaneswar: the first ever All Odisha Developers’ workshop on ‘RERA Hurdles & Other Bottlenecks’ organised by the CREDAI Odisha today morning in the Hotel Swosti Premium was attended by over 100 builders & developers of the state including members and
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Karnataka RERA puts stay order on almost 542 ongoing projects as it decided to be strict on permanent registration. These projects are almost half complete and were working under a provisional registration issued last year. Now the builders are scared whether they will get the permanent registration or their projects will be discarded. Anyways it can be apprehended the builders complied with the rules under RERA shall get permanent registration. By Rashmita Das in Property Law April 3, 2018, 6:42 p.m. 60 Views As per the notification issued by the Real Estate Regulatory…
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Kakinada: Kakinada Federation of Apartment Owners Association president Tatavarthi Srinivasa Rao, has underlined the need to bring awareness among apartment owners on Real Estate Regulation Act (RERA) to avoid cheating by some realtors. Participating in the association general body meeting held here on Monday, he said the persons who wanted to purchase fixed assets such as apartments or individual houses should verify whether the respective assets were having proper documents etc or not. He advised them not to attract to the impressive advertisements of realtors. Later, election was conducted to elect…
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PANAJI: Minister for Law and Judiciary Francis D’Souza, on Thursday, said that around 150 builders and real estate agents in the state have applied for registration on Goa’s Real Estate Regulatory Authority (RERA) portal up till March 23, 2018, which was the deadline for doing so. “Now, the remaining ones will have to pay the fine of Rs 50,000 and get themselves registered under RERA by March 31, 2018,” he added. Interacting with the pressmen, at the state Bharatiya Janata Party headquarters, D’Souza said that although approximately 150 builders and…
Read MoreThe real estate sector has been one of the top-most contributors to the country’s Gross Domestic Product (GDP) and employment creation. Surprisingly, inspite of being such an important part of the economy, the real estate sector was unregulated for numerous years. In order to regulate the aforesaid unorganized sector, the Indian Parliament passed a legislation called as The Real Estate (Regulation and Development) Act, 2016 (“RERA“) which was made effective on May 1, 2016. A batch of writ petitions was filed by real estate developers and individual plot owners in…
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The Vice-President asked the real estate sector to curtail the speculative land rates as it was not helping anybody. Seeking to allay fears among builders over the Real Estate Regulatory Act (RERA), Vice president M Venkaiah Naidu today said “it is a regulation and not strangulation. “Speaking at the 27th All India Builders’ Convention of Builders’ Association of India, he said some fly-by-night operators were misusing the confidence reposed in them by consumers, bringing a bad name to the entire industry. “I must assure you that Real Estate Regulation is…
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