New Delhi: The Central government is set to notify implementation of the Real Estate (Regulation and Development) Act in the newly constituted Union territories of Jammu & Kashmir and Ladakh, paving the way for property development in the two regions. “In Jammu & Kashmir, the act will be notified by the state government, while in Ladakh, the Centre will notify it since it is a UT without a legislative assembly,” an official of ministry of housing and urban affairs said. The notification will be applicable from November 1, after the…
Read MoreTag: RERA Registration in Delhi
Rera registration seems to be a rarity for city developers
BENGALURU: About a thousand housing projects in the state, most of them in Bengaluru, are under the scanner of the state’s Real Estate Regulatory Authority (Rera), for failing to register with the regulator and ignoring their notices. As a result, customers of flats at these residential projects will lose their right to approach the Rera if they face a problem with the seller. Rera polices only those projects that are registered with it. The real estate regulator has put out a list of such projects on its website — this…
Read MoreAmrapali home buyers object to sale of commercial space in housing projects
NOIDA: Even as the Supreme Court-appointed receiver has started the process for tripartite agreements for Amrapali buyers, a section of them has objected to the sale of commercial space violating building laws in almost all housing projects of the embattled developer. Though the court is yet to give a final order on the issue, receiver R Venkatramani has asked the Noida and Greater Noida authorities to maintain status quo on all such commercial properties till the judges take a call. The Amrapali buyers have claimed that the permission to host…
Read MoreRERA: Registration Of Real Estate Projects- A Brief Overview
The 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.
Read MoreMumbai: MahaRERA Directs Developers To Refund Rs 1 Lakh To Home Buyer
Mumbai: In a major relief to a home buyer, the Maharashtra Real Estate Regulatory Authority (MahaRERA) directed a developer to refund Rs 1 lakh paid which was paid as booking amount by the home buyer. The RERA bench acted on a complaint from a
Read MoreRealty No Longer Bites! These 4 Stocks Are Safe Bets With Upside Of Up To 36%
Analysts at Deutsche Bank and Spark Capital believe that the worst could be behind for the sector Moneycontrol News @moneycontrolcom After witnessing issues of slowdown in consumer demand and inventory pile-up due to affordability as well as reforms such as RERA,
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