Page 7 - Rera

CRISIL SME Tracker: With RERA, only disciplined builders stand a chance

Builders have become cautious and are taking up a handful projects for execution at any given point of time

Consumer body wants online real estate portals to be brought under MahaRera

The Mumbai Grahak Panchayat has also sought registration of such portals under MahaRera in the next 60 days

Central team to visit Bengal, urge state to implement RERA

The Centre will soon send a team to urge the West Bengal government to switch over to the Real Estate Regulatory Act (RERA) to protect home buyers' interest, an official has said. At a time when the Centre was trying to implement RERA in the country, the West Bengal Housing Industry Regulation Act, 2017 (HIRA), which the state has implemented on its own, is "quite disturbing", the official said. "West Bengal is the first state in the country post RERA to come out with a separate Act, deviating and diluting from Real Estate (Regulation & Development) Act, 2016 regulations in favour of builders. This is disturbing. A committee will visit the state shortly," said Abhay Upadhyay, president of the Forum For People's Collective Efforts. Upadhyay is part of the four-member committee that will visit West Bengal. "This is a four-member sub-committee of Central Advisory Council (CAC) and will meet officials of the state to urge them to implement RERA keeping the consumers' ...

Now, wealth managers are signing up under RERA

Many have already registered in Maharashtra, and some are also expanding to other states

Your agreement with realty re-developer must be drafted very carefully

The housing society should ask for an adequate bank guarantee and upfront payment for transit accommodation before agreeing to a re-development project

Uncertainty over how RERA provisions will play out for realty firms in NCLT

Insolvency practitioners and legal experts appear divided over the extent of relief that homeowners will get under the IBC and the RERA

1 year of RERA: Builders still selling distant dreams without clear roadmap

A major feature of RERA is that even brokers and consulting agents have to register themselves, however, this was not really happening

NBFCs and HFCs fear Rs 2.2-trn NPA mess owing to note ban, Rera, GST

According to a report by property consultant JLL, as many as 440,000 residential units remained unsold across key cities at the end of 2017

Around 45% prospective home buyers looking to buy after RERA: Quikr Homes

Sonu Abhinandan Kumar said loans as the primary and easiest finance medium over other options

Urban Affairs Ministry to protect consumers' interest in real estate sector

The central government has amended the Government of India (Allocation of Business) Rules 1961, in this regard.

Real estate to be one of fastest growing sectors in India: Pirojsha Godrej

There is every chance that real estate will be one of the fastest growing sectors in India

Bombay HC upholds validity of RERA

The Act also mandates that all developers or promoters register themselves under a state-level regulatory authority

Rera compliance, once feared, now dangled before buyers

A year before, driving through National Highway-24, one would see billboards of real estate companies in the National Capital Region offering everything from Italian marble, free club membership and car parking, modular kitchen, LCD television, air conditioners and even a new car to woo apartment buyers. None of it brought back enough consumer confidence. Now, they are relying on the four-digit Rera registration number for a turnaround.From being sceptical and concerned at ramifications of the Real Estate (Regulation and Development) Act or Rera, developers are now using it as a primary selling point. Many are now claiming to be 'Rera-certified' in their advertisements, in hope of winning back the confidence of buyers.Supertech, a real estate company based out of the NCR, recently announced all its projects had been so registered. And, that it was committed to timely delivery of 15,000 units in the current financial year across 50 locations, mostly in the NCR."We have become fully ...

Govt setting up 31-member committee to advise on RERA, protect home buyers

About one million buyers invest every year with the dream of owning a house

6 out of 10 projects in Mumbai revise delivery targets after RERA: Report

Six out of ten under construction projects in Mumbai have revised their delivery targets by more than a year after Real Estate Regulation and Development (RERA) Act, 2016 into force, said a new report. About 57 per cent of projects registered with RERA authority in Maharashtra have extended the delivery timelines, said a survey by property consultant Knight Frank. The report covered residential units registered with the Maharashtra RERA regulator or the MahaRERA in the Mumbai suburbs until August 16, 2017. For nearly one-fourth (24 per cent) of the 1, 07,875 registered units the completion deadline was pushed by 12 to 18 months. The report further found that 19 per cent under construction homes were delayed by 24 to 48 months and 10 per cent of these properties would not get completed before four years. Just about one-third of the units listed with the MahaRERA are set to be completed on time, the report added. Dr. Samantak Das, Chief Economist and National Director-Research, Knight .

RERA: There's no way home prices will go up anytime soon

Given the inventory overhang across India, it is very clear that people are not buying homes

Now that RERA is a reality, should you buy an under-construction property?

If you are looking to buy a home to live in, it makes sense to still buy a fully finished one

All states may notify rules under RERA by July-end, says Govt

For setting up of a permanent regulatory authority by them will take some time

Slow and unsteady

Lax execution of a new realty law is hurting the sector

Rera impact: Stressed realtors seek buyouts or JVs with big players

Rera makes it mandatory for developers to keep 70% from a project sales in an escrow account