Page 8 - Rera

RERA to deliver a debt blow to developers

The Real Estate (Regulation & Development) Act or RERA would push up debt levels of real estate developers and lead to continued negative cashflows, say property developers and analysts.Companies in BSE Realty Index had a total debt of Rs 52598 crore as of September 2016, about 7.3 per cent higher than the year ago period. The companies had an average 0.8 times debt to their total equity in September 2016. Debt of top developers is expected to go up by 15 to 20 per cent in the current financial year, according to industry estimates. "Rera will definitely pose challenges for many developers in terms of cashflows. Many were launching without approvals and that fungibility of money will go away and some level of stress will come in," said Anita Arjundas, managing director and chief executive at Mahindra Lifespace Developers, part of Mahindra group.The RERA makes it mandatory for developers to keep 70 per cent of proceeds from a project in escrow account, thereby restricting their ...

Rera does bring hope

It will certainly not be an instant cure, even if retrospective clauses are invoked

State-wise status of RERA: Most of them miss deadline, says report

Full text of CRISIL Research Impact Note on status of RERA

Aggrieved home buyers are yet to understand benefits of Real Estate Act

Under the central law, each state has to notify rules and set up a regulatory authority

Sloppy start to RERA as almost half the states are yet to notify rules

Almost half the states yet to notify rules, while others have watered down provisions of central Act

On Maharashtra Day, state governor announces its own version of RERA

The new act would be on the lines of the RERA being implemented at the national level

Should you rush to ride realty rally as RERA comes into force today?

Realty shares such as Indiabulls Housing and DLF have gained anywhere between 30% and 90% this year

RERA to revive housing demand, protect buyers, say realty firms

RERA will increase transparency in the sector; boost confidence of both domestic, foreign investors

Tax sops luring big players to affordable housing under RERA: Deepak Parekh

Deepak Parekh said govt extended 100% tax deduction scheme for affordable housing projects

Getting loans tough without lenders' protection under RERA, say developers

In case of project delays, onus of paying monthly interest taken for flats will lie on them

What is RERA and how it could change your home buying experience

Idea of Rera is to spare consumers from unscrupulous practices o big developers

Developers raise concern on registering existing projects under RERA

Construction cost will likely to go up close to 10% after implementation of RERA act

RERA Act will push construction cost up by 10%

Builders say need for capital would go up due to RERA provisons

Parliamentary standing committee looks into watering down of RERA by states

In an effort from preventing of watering down of Real Estate (Regulation and Development) Act (RERA) 2016, a parliamentary standing committee on subordinate legislation has started reviewing it. The act, which comes into force from May 1 is supposed to protect the interests of the common man including transparent payment arrangements and timely delivery of properties by developers. Committee on Subordinate Legislation (COSL) is looking into how the act is being enforced by the states.Various states according to industry experts have made certain changes in the act by not including existing projects or making changes in the punishment for non-completion of projects among other things. "The committee is trying to ensure that the spirit of RERA remains intact. States cannot make changes in RERA that would make it a toothless act. It is important that developers who do not adhere to the norms are punished. That is why they are reviewing and based on our observation we will give our ...

Bihar approves setting up of real estate regulator

In a relief to home-buyers in Bihar, the state government ordered to set-up a regulator to bring transparency in real estate sector. The state cabinet has approved "Bihar Real Estate (Regulation and Development) Rules, 2017" to protect the interest of consumers.The cabinet on Monday gave its nod to the rules in view of the Real Estate (Regulation and Development) Act, 2016 notified by the Central government in March last year. Under the provisions of the act, every states need to set-up a Real Estate Regulatory Authority (RERA), where an aggrieved consumer could file a complain.The authority is all set to come into force on May 1. "With the implementation of the rules, it would not only bring transparency in the real estate sector in the state but also protect the interest of consumers," Urban development and housing department Principal Secretary Chaitanya Prasad said. He also stressed that the rules would ensure timely completion of projects. According to the rules, a developer can .

Buying a home? Does it really help to wait till May 1 for Rera?

First-time buyers stand to gain more, but investors have to be cautious

RERA may revive real estate sector in second half: Experts

Genuine buyers may pitch in on the back of improved consumer climate, lower home loan rates

Maharashtra's draft housing rules mandate greater compliance from builders

Developers asked to deposit 70% in escrow accounts for project completion

Under RERA regime, it's shape up or ship out for builders

New law could pose challenges of cost escalation, increased paperwork, fear developers