A major part of 2016 passed with an anticipation of an impending upswing in Indian real estate. In the first half, legislative processes in the parliament kept the movement limited, and then, a near grinding halt was witnessed in the last quarter, with the ‘demonetisation’ event. Only for a few weeks, during the festive season,… Read More »
The Real Estate Regulatory Act (RERA) cleared by the Cabinet this year seeks to bring in much-needed transparency in real estate transactions to improve home buyer confidence. Interestingly, while the ministry of housing and urban poverty alleviation has notified certain sections of the Act (states have to establish a real estate regulatory authority and appellate… Read More »
The recently cleared real estate regulatory act (RERA) will bring in transparency in real estate transactions, reducing the number of litigations in the sector, according to a survey-based report by FICCI and Grant Thornton. Respondents of the survey ‘Real Estate Regulation Act, 2016 (RERA) – Are we ready?’ also felt that the new act will… Read More »
