Page 6 - Rera

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

Facing liquidity issues, big realtors eye new development management models

Godrej signed a similar deal with a Bengaluru-based developer recently. In the new version of DM, Godrej may or may not charge a fee, as it's a 50 per cent partner in the project

RERA should have come earlier to control builders, says PM Modi

As per RERA, builders cannot sell without registration

Homebuyers' body urges PM to include non-RERA projects in Rs 25k-cr fund

The Real Estate (Regulation & Development) Act, which became effective from May 2017, provides for setting up of regulators in each state.

Homebuyers body cheers govt's realty push, demands fund transparency

The move is likely to help 4.59 lakh housing units across the country. Only RERA-registered projects with positive networth will be provided funds.

Consumer complaints should go to RERA before NCLT, say builders

About 450 real estate companies/projects across the country are facing insolvency proceedings under IBC because of default in the delivery of projects to homebuyers as well as repayment of bank loans

Maharashtra and Gujarat lead 40% year-on-year spike in RERA registrations

Altogether, five states account for a significant 81% share, with 36,576 out of 45,307 projects registrations as on October 5

Happy Diwali ahead for Noida home buyers: Builders can give possession soon

Rules state that if RERA does not issue possession certificate or raises concerns, the builders can start giving possession to buyers

NBCC to get Rs 7 cr to finish 2 Amrapali projects; ED gets audit report: SC

Forensic audit report be given to ED, Delhi police, ICAI in Amrapali case: SC

Don't fall for under-construction stock, ready-to-move homes a better bet

With banks saddled with NPAs, NBFCs had stepped into the breach

SC cancels RERA registration of Amrapali Group; NBCC to take over projects

In a relief to the home buyers, the Supreme Court has ordered NBCC to finish all pending projects of Amrapali Group

Govt plans common platform for RERA of all states, UTs; move to help buyers

Announcing the government's plan here, Housing and Urban Affairs Secretary Durga Shanker Mishra said that with this platform, the real estate law will become "more strong"

UP RERA directs banks to strictly comply with escrow account provisions

UP RERA took cognisance that some builders were not complying with the provisions of the Real Estate (Regulation and Development) Act, 2016 and withdrawing funds without the requisite certificate

Builder not giving occupancy certificate for your house? Here's what to do

You can be evicted from your own house if you haven't obtained the OC; the authority could also impose a stiff penalty and cut off your water and power supplies

Defaulter cases should go to Rera regulators before NCLT: Realtors' body

Rera was brought in to make the real estate sector transparent and eliminate fly-by-night operators

TNRERA mandates real estate firms to include registration number in ads

The aurhority has said Tamil Nadu RERA website address to be mentioned and no disclaimer clause should be mentioned as the information is subject to change

56% buyers prefer state RERA regulators to file complaints against builders

For Uttar Pradesh (UP) RERA regulator Rajive Kumar, there was a backlog of 8,100 complaints

Govt says won't amend any RERA provision, warns states against tweaking law

There are some states who have watered down the provisions of the central legislation

Most buyers are unaware of basic Rera rules: Consumer organisation survey

It's been a year and a half since the Centre asked all the states to implement Rera

Poor implementation of Rera across states poses a challenge to home buyers

Among the states and Union Territories in India, Maharashtra takes the pride of place when it comes to proactive adoption, implementation and integration of the act