RERA News – Page 10 – Rera Consulting

Notice for brokers’ registration soon

January 15, 2018July 9, 2018 ncrcollateral

Real estate brokers marketing new projects are under its purview.Homebuyer Madhav Mishra said many brokers often make lofty promises to attract consumers. Statistics available with the Confederation of Real Estate Brokers Association of India’s (Crebai) Maharashtra chapter reveal that 7,000 property brokers have registered with MahaRERA and it now wants to make registration of the brokers mandatory.Crebai members, however, said with nearly 80% of the brokers dealing with secondary or re-sale property, there is a hesitation among them for the registration. Kamdar said they have raised the issue with MahaRERA.The…

RERA a boon in Maha: Quick case disposals, 79% rulings in favour of homebuyers, shows study

January 12, 2018July 9, 2018 ncrcollateral

Real estate research firm Knight Frank analysed 60 rulings; grievances are being resolved within one month.After RERA was put in place, instead of spending years in consumer courts, homebuyers are now able to get their grievances resolved within one month in Maharashtra

5 Things You Must Consider Before Buying Your First Home

November 15, 2017July 9, 2018 ncrcollateral

Buying a home always calls for a major decision-making process; the need to buy the first home usually tempts first time buyers at the site that falls under their affordable price range. However, there are more factors that you must consider before arriving at a property that you want to invest for and make it your abode.

RERA to use fine collection to set up infrastructure

September 14, 2017July 9, 2018 ncrcollateral

While the fine amount for projects registered on August 1-2 started with Rs 50,000, the amount was increased to Rs 1,00,000 for projects registered between August 3 and August 31 and was further increased to Rs 2 lakh for projects registered between September 1 and September 30.

Website to host RERA-related processes on the anvil

September 9, 2017July 9, 2018 ncrcollateral

The Department of Municipal Administration and Urban Development has intensified its efforts to implement the mandate under the Real Estate Regulation Authority (RERA) for monitoring the real estate deals in the State.

Jaypee Infra insolvency: Can homebuyers get relief under RERA?

September 9, 2017July 9, 2018 ncrcollateral

An all-India homebuyers group, in a letter to the Prime Minister Narendra Modi, has sought an amendment to the Insolvency & Bankruptcy Code 2016 to ensure that homebuyers’ interests are protected during insolvency proceedings, and has also brought to his notice that Real Estate