A look at the ‘Last Modified Date’ field for all the projects in MMR & Pune registered on MahaRERA reveals that 65% of the projects have not updated the data in the last 3 months. As per clause no. 20, the Maharashtra RERA act says that the project information needs to be updated at the… Read More »
Cushman & Wakefield Research and Propstack present their analysis of the housing projects in the Mumbai Metropolitan Region (MMR) that were registered until 31st August 2017. KEY HIGHLIGHTS OF THE REPORT We analysed 5,620 projects registered on MAHARERA with cumulative area of 506 msf. New launches in the future likely to be muted for the… Read More »
High hopes are pinned on Real Estate Regulation Act (RERA) as it is yet to be implemented in West Bengal. However, several consumers, who have been facing problems in getting the possession of their property feel that they will soon see better opportunities. Anshu Ruia (34) had put in his hard-earned money into DLF Galleria… Read More »
With an aim to address grievances of buyers and to bring transparency in India’s real estate sector, the government is planning to implement RERA Act starting from May 1 this year. The upper house of Indian Parliament, Rajya Sabha had passed the Real Estate Regulation and Development Act (RERA Act) in March 2016, which is… Read More »
The Real Estate(Regulation and Development) Act will be a blessing in disguise for home buyers, including those who have still not got possession of their properties. According to the Act, every ongoing and under-construction project is supposed to come under the regulator’s ambit. To operationally cover an ongoing project, the developer has to first get… Read More »
Housing department officials have said that Maharashtra will follow the Centre’s Real Estate (Regulation and Development) Act, 2016, and is planning to publish the final rules this month so that the legislation can be implemented from May 1. The officials said the file for publishing the rules is in the final stages of approval. “There… Read More »
Throughout 2016, the number of new residential project launches was lower than units sold. With all states staring at the approaching deadline to implement their versions of the Real Estate Regulation & Development Act (RERA), most will definitely fall in line, said JLL India. “This landmark law will enforce hitherto unprecedented transparency and accountability requirements… Read More »
On November 8, 2016, the Government of India de-notified currency notes of Rs 500 and Rs 1,000 as legal tender. The temporary shortage of cash adversely impacted several sectors that depended on cash, notably wholesale markets, the informal sector and even parts of the real estate industry. The real estate industry involves both, formal as… Read More »
Real estate companies, both residential and commercial, expect the sector to grow significantly after the Real Estate (Regulation and Development) Act (RERA) takes effect. Under the Act, the sector is expected to become more organised, making it attractive for foreign investors to come in. For one, the Act makes it mandatory for all projects to… Read More »
The Real Estate Regulatory Authority (RERA) will start functioning in Madhya Pradesh from May and property buyers can approach the authority to get their grievances addressed. RERA has been constituted in state and a final shape is being given before it starts taking up the grievances. Under the RERA, details of entire commercial and residential… Read More »