Rera Act

Rajasthan govt plans to take action against sale of non-Rera projects

According to Rera regulations, if a promoter fails to submit three quarterly progress reports, the system automatically initiates a non-compliance process. The project can also be declared lapsed

One portal, all projects: What the new unified Rera means for homebuyers

Check approvals, track project progress, and verify developer details, now all in one unified Rera portal for hassle-free homebuying.

Rera reshapes India's housing market, boosts investor confidence: Report

Knight Frank-Naredco report says Rera has curbed speculation, moderated prices, restored consumer trust and attracted long-term investor inflows into India's housing sector

Meghalaya govt sets up real estate regulatory authority under 'Rera Act'

The Meghalaya government has notified the Real Estate Regulatory Authority to regulate the state's emerging real estate sector and ensure transparency, accountability, and consumer protection, officials said on Saturday. The Authority is being established under the Real Estate (Regulation and Development) Act, 2016. Officials said the authority aims to promote fair practices, protect homebuyers' interests, resolve disputes efficiently, and boost investor confidence by streamlining project approvals and enforcing compliance. RERA Meghalaya oversees the registration of real estate projects, promoters, and agents, and ensures adherence to the provisions of the Act and rules framed thereunder. It also includes an adjudication mechanism for timely dispute resolution and regulatory oversight. The Authority functions as an independent statutory body with a full-time chairman and two members. RERA Meghalaya has urged all developers, promoters, and real estate agents operating in the stat

SWAMIH touches 50,000 mark as FM Sitharaman hands over keys to homebuyers

The primary objective for establishing 'Special Window' fund is to provide priority debt financing for completion of stalled housing projects that are in Affordable and Middle Income Housing sector

Rera has become rehab centre for former bureaucrats: Supreme Court

The court was hearing an appeal filed against a Delhi HC judgment that dismissed pleas seeking directions to banks and financial institutions to refrain from charging pre-EMIs or full EMIs

Real estate regulators in states/UTs dispose of 125,000 consumer complaints

Real estate regulators in states and Union Territories have so far disposed of nearly 1.25 lakh consumer complaints against developers, according to the Economic Survey 2023-24. The Real Estate (Regulation & Development) Act, 2016, popularly known as RERA, was enacted to bring about much-needed reform in India's real estate sector. The main objective of RERA is to encourage greater transparency, citizen-centricity, accountability, and financial discipline, thus empowering home buyers and boosting the economy. The survey highlighted that all states/ Union Territories (UTs) have notified rules under RERA except Nagaland, which is in the process of notifying the rules. As of July 1, 2024, over 1,30,186 real estate projects and 88,461 real estate agents have been registered under RERA. "RERA provides for the establishment of a fast-track dispute resolution mechanism for the settlement of disputes. As of 01 July 2024, 32 states and UTs have set up the Real Estate Regulatory Authority, .

Reforms, initiatives helping transform an industry plagued by problems

Government data shows that so far, some 122,000 real estate projects have been registered under Rera, with over 121,000 consumer grievances addressed nationwide

Vacuum for Indian MSMEs seeking growth finance: Nishu Malhotra, ADM Capital

In India, shift to private credit, Nishu said, started before the Covid era, driven by regulatory reforms including the Insolvency and Bankruptcy code, Real Estate Regulatory Authority (RERA) Act etc.

BJP's 2024 Manifesto: Vow to build 30 mn new homes, strengthen Rera Act

During the Modi government's tenure over the last 10 years, the manifesto claimed to have provided more than 4 crore families with pucca houses under the PM Awas Yojana and other initiatives

Record rally: Realty project registrations under RERA touch 1.16 lakh in 2 years

Maharashtra registered highest number of projects (42,204) till date, followed by Tamil Nadu with 18,915 projects.Uttar Pradesh has disposed of the most complaints since UP-RERA inception.

Protect Your Dream Home: Know Your Rights

Did you know you can seek a hefty refund if changes in real estate projects affect you negatively? Watch the video to know how >

Seek refund if alterations in realty project plan affect you adversely

Refund can be sought from the developer even if you had earlier consented to alterations

86% housing projects launched between Jul 2017-Dec 2018 completed: Anarock

It was driven by tighter regulations under the realty law Real Estate (Regulation and Development) Act, 2016

Hiranandani to invest Rs 1,000 cr in premium housing project in Panvel

The project, located in the group's mixed-use integrated township, Hiranandani Fortune City, is to be launched this week and is expected to be completed within three years

SC grants states four weeks for response to deviations in RERA rules

The Supreme Court on Friday granted four weeks more to states and Union Territories who have not filed their reply to the deviations and variations pointed out in the implementation of the Real Estate (Regulation and Development) (RERA) Act, 2016, and corresponding rules and laws in their jurisdiction. A bench of Justices D Y Chandrachud and Hima Kohli warned that if the requisite responses are not filed within the stipulated time, principal secretaries of housing and urban development shall be present in court to explain the delay. The top court noted that 13 states and two UTs have filed their responses to the plea. "Despite the previous order, requiring the states/UTs to file their responses, certain states have not submitted their responses. They shall do positively within four weeks, failing which the principal secretaries in housing and urban development shall be present in court," the bench said while posting the matter after eight weeks. The top court was hearing a plea fil

City development agencies must register projects with RERA: Delhi chairman

If they do not get registered with us then we have got enough of more power to take action against them under section 59 and 61 of the Act.

Home truth: NCR's unsold inventory dips 26% since RERA, shows data

While it continues to take the strain of 328,000 stalled units launched before 2015, unsold units since early-2016 have come down 26 per cent

UP, Haryana, Maharashtra lead on the number of RERA cases resolved

Nearly 40 per cent of all complaints were resolved in Uttar Pradesh alone

Bengal developers fear missing real estate sops with state bypassing RERA

Bengal govt enacted own version of RERA, the West Bengal Housing Industry Regulation Act in 2017, the only state to do so, and Housing Industry Regulatory Authority came into effect on June 1, 2018