What are the benefits of hiring Sacramento New Home Construction Builders?
benefits of hiring Sacramento New Home Construction Builders Hiring Sacramento new home construction builders comes with numerous benefits that can greatly enhance your home-building experience. One of the most significant advantages is the expertise and knowledge that professional builders bring…
Are there any tax incentives for property buyers in Belize?
tax incentives for property buyers in Belize The Belize real estate market is booming, drawing the attention of retirees and investors. It’s also popular with tourists looking for a tropical getaway where they can enjoy the beach, snorkeling, hiking, and…
RERA: Under Real Estate Regulation Rules state cabinet excludes realty projects that are complete 60%
BENGALURU: The state cabinet on Wednesday cleared the long-awaited Real Estate (Regulation and Development) Rules, framed under the Real Estate Regulation and Development Act. The rules provide for creation of a real estate regulator. The Cabinet also decided to exclude…
RERA: MahaRERA not to extend registration deadline for ongoing projects
MUMBAI: Maharashtra Real Estate Regulatory Authority (MahaRERA) chairman Gautam Chatterjee on Friday said the July 31 deadline for registration of ongoing projects will not be extended. So far only 300 projects and nearly 3,000 brokers have also been registered with…
GST: Developers need to invest in project management post GST, RERA
MUMBAI: With the advent of GST and RERA, developers would now have to adopt higher standards of performance compelling them to invest in project management, say experts. The government enacted the Real Estate (Regulation & Development) Act 2016 and all…
RERA: All states must notify rules related to RERA by July 30: Venkaiah Naidu
NEW DELHI: Urban Development Minister M Venkaiah Naidu today said his ministry has asked all states to put in place regulatory mechanism related to the Real Estate (Regulation & Development) Act (RERA) by July 30. “I have been constantly following…
5 things that will make developers RERA-ready
By Shaveta Dua The Real Estate (Regulation and Development) Act, 2016 (RERA), has given India’s real estate sector a new direction but there are some teething problems being faced by developers. To bridge the gap between the government, developers and…
Real estate brokers fear state RERA rules will hit them
BENGALURU: Property brokers in Karnataka fear the Real Estate Regulatory Act (RERA) rules in the state will weigh on their business, which is already weak due to the slowdown in sales and demonetisation. The RERA rules, notified in the state…
Ambiguity in law, execution problems may dilute RERA effectiveness
By Yogesh Singh Primarily a consumer centric legislation, RERA has been touted to be the key to resolving the wide-ranging problems prevalent in the Indian realty sector. What RERA means for Consumers, Developers and Others: However, with the impending rules…
Homebuyers happy, Karnataka RERA covers many ongoing plans
BENGALURU: Homebuyers may stand to benefit from the provisions of the Real Estate (Regulation & Development) Act notified by the Karnataka government on Monday . It, among other things, brings a huge number of ongoing projects under the purview of…
MahaRera: Maharashtra RERA to crack whip on unregistered realtors
PUNE: With just a fortnight left to register ongoing projects under the Real Estate Regulatory Authority (RERA), Maharashtra RERA authorities are cranking up the heat. Real estate developers peg the number of ongoing constructions at 3,000-5,000, but RERA authorities say…
MahaRera: Maharashtra RERA to crack whip on unregistered realtors
PUNE: With just a fortnight left to register ongoing projects under the Real Estate Regulatory Authority (RERA), Maharashtra RERA authorities are cranking up the heat. Real estate developers peg the number of ongoing constructions at 3,000-5,000, but RERA authorities say…
MahaRera: Maharashtra RERA to crack whip on unregistered realtors
PUNE: With just a fortnight left to register ongoing projects under the Real Estate Regulatory Authority (RERA), Maharashtra RERA authorities are cranking up the heat. Real estate developers peg the number of ongoing constructions at 3,000-5,000, but RERA authorities say…
Goa builders may get more time to register under RERA
PANAJI: With the Real Estate (Regulation and Development) Act (RERA) coming into force elsewhere in the country on May 1, the state ministry for urban development has finally moved to notify the rules under the legislation that was passed in…
MahaRera: MahaRera tweaks norms to allow project revisions
Pune: Developers can from September 1 make revisions or corrections in their uploaded documents following MahaRera’s permission and a fee of Rs 5,000 for every change. MahaRera announced the changes on Monday through a circular issued to encourage developers to…
RERA: 21 states & UTs notify RERA rules; just 2 appoint permanent regulators: Govt
New Delhi: A total of 21 states and union territories have notified the final rules of the real estate regulatory Act (RERA), while just two states have formed permanent RERA authorities so far, a top government official said on Wednesday….
Builders will have to give 5-year warranty against structural flaws as per RERA
While RERA or Real Estate (Regulation and Amendment) Act, 2016, will slowly change the way the real estate industry operates in India, the Act has also thrown open a few aspects that need extensive deliberation. One such issue is the…
Real estate bodies won’t move court against RERA
NEW DELHI: National Real Estate Development Council (NAREDCO) will not move court against the implementation of Real Estate Regulation and (Development) Act (RERA), even with regard to ongoing projects, as it helps build confidence among buyers, said its president Parveen…
RERA: Builders take Centre to court, say RERA illegal since it is a ‘retrospective’ law
NEW DELHI: A bunch of builders have approached two high courts challenging some of the key provisions in the Real Estate Regulation Act (RERA) including bringing all “ongoing” projects under regulation and penalties for failure to register such projects. They…
RERA likely to weed out 4,000 ‘fraud’ realty agents in Maharashtra
MUMBAI: Along with developers, agents too will have to prove their ‘honesty’ in real estate dealings to avoid stringent action under the new real estate regulatory authority (RERA) regime. According to the latest updates, around 4,300 of the 12,000 real…
Jail for home buyers under RERA: Was it required?
As the Real Estate Regulation and Development Act, 2016, crossed the Rubicon on May 1, it is going to change the way India invests into the real estate sector. Being a consumer-centric law, it is undoubtedly a delightful scenario for…
Uttar Pradesh RERA website to be launched today
NEW DELHI: The Uttar Pradesh government will launch its RERA website on Wednesday, which will allow builders to start registering their projects under the new real estate law and, significantly, also grant them immediate registration numbers as opposed to the…
Haryana clears RERA, defines its ongoing project clause
CHANDIGARH: The Haryana cabinet on Tuesday approved the final Haryana (Regulation and Development) Rules, 2017, claiming that the central Act had not been diluted. The only change made pertains to the definition of an ongoing project. Haryana town and country…
Most ongoing projects in NCR will be out of RERA ambit
GURGAON / NOIDA: Haryana and Uttar Pradesh’s RERA rules leave a majority of ongoing real estate projects in NCR outside the ambit of the new real estate law, with the number as high as 90% in Gurgaon, according to government…
15,000 complaints flood Uttar Pradesh RERA site on Day 1
NOIDA: Only eight projects were registered on the UP RERA website on Wednesday , the day it was launched, but some 15,000 homebuyers did not waste any time and made good use of the complaints section on the site to…
TNRERA: Government: Builders ignoring RERA will face action
Chennai: The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has warned developers of penal action if they fail to register ongoing projects with the body by July 31. With three days left and the official portal to register the projects…
occupancy certificates: Rera: Why change from CC to OC is bothering Gurugram, Noida buyers
Gurugram: Occupancy and completion certificates, two words that have forever been part of the real estate lexicon, have suddenly become keywords in deciding who Rera benefits most. All housing projects completed and delivered in Gurgaon have occupancy certificates, or OCs,…
NCR homebuyers plot HC move in RERA protest
GREATER NOIDA: Out of the total 2.35 lakh residential units sanctioned by Greater Noida Industrial Development Authority since 2010-11 across 195 projects, only 20,000 flats have so far been registered and possession handed over to buyers, the authority said on…
RERA: Buyers plead with government for correction of definition of ‘ongoing projects’
NOIDA: Even as the builders heaved a sigh of relief after the launch of the UP-Rera website, which would help them instantly get a registration number, a crucial step to start promoting their projects, the buyers’ quarters expressed dissatisfaction with…
RERA: Bengaluru builders seek 90-day period for registrations
BENGALURU: The Real Estate Regulatory Authority (RERA) has begun its activity in Bengaluru, and has started accepting registration of projects, agents and complaints. The birth of the Authority follows the State Government notifying the RERA rules, last month. “The regulatory…
MahaRERA may take suo motu action against realtors for registration non-compliance
MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) is planning to take suo motu action on property developers whose ongoing projects have not been registered with itself even after the July 31 deadline. Until 7:20 pm on Monday, about 9,000…
RERA: RERA deadline ends. Only 15 states have notified rules, 6 states are online
Even though all states were supposed to have notified their RERA rules by July 31, 2017, only 15 out of the existing 29 states have complied by this deadline. However, all seven Union Territories have notified them. What is more,…
990 projects registered on last day with Karnataka RERA
BENGALURU: The Karnataka Real Estate Regulatory Authority received a lacklustre response on the final day of registering property from builders as well as real estate agents. According to a source from RERA Karnataka, a total of 990 projects and 354…
Dadara Haveli Nagar: Maharashtra Real Estate Regulatory Authority gets charge of two union territories
MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has been given the additional charge of being the regulator for two Union Territories of Dadara Haveli Nagar and Daman & Diu, said an official of MahaRERA. The central government has already…
RERA, GST pull down Real Estate Sentiment Index for Q2 2017
The current score has reached the negative zone and Q4, 2015 levels. A score of 50 represents a neutral view; a score above 50 demonstrates a positive outlook; and a score below 50 indicates negative sentiment. Launches falling but outlook…
Builders’ body CREDAI to hold awareness sessions on RERA rules in Maharashtra
PUNE: Even as the number of ongoing registrations touched beyond 11,000 with MahaRERA on Friday, Credai members on Saturday said that only 10 projects of their members were registered late. Maharashtra Credai president Shantilal Kataria said in a survey they…
banks: Banks to shut out builders without RERA listing
MUMBAI: Builders who have been thinking of ways to beat the new Real Estate Regulation Act are fast running out of time as banks, in consultation with the Reserve Bank of India, have decided not to extend loans to those…
Five realtors sign up as RERA enters Tamil Nadu
CHENNAI: Potential apartment buyers take note: Realty watchdog Tamil Nadu Real Estate Regulatory Authority (TNRERA) has started to stake out its territory, with five agents/firms in the state enlisting with the body and receiving their registration numbers. The Tamil Nadu…
RERA: Housing inventory at 10-Qtr low on back of RERA, Demonetisation
MUMBAI/BENGALURU: In the backdrop of demonetisation and implementation of the Real Estate (Regulation and Development) Act, 2016, residential real estate is finally tuning itself to end-user driven demand than pure investment. The second quarter of 2017 marked a record low…
Builders give home buyers one deadline and RERA another to avoid penalty
Builders are pushing back the date of delivery of flats to buyers by several months and even years as a result of the new real estate law in the state. This has put many buyers in a bind because their…
Karnataka RERA becomes new name for red tape
BENGALURU: When the state government set up the Karnataka Real Estate Regulatory Authority (KRERA), it came as a bundle of relief for home buyers. But three months into its functioning, the regulator appears to have become another arm of bureaucracy,…
real estate: MahaRERA rejects home buyer’s plea
MUMBAI: In an interesting development, the Maharashtra Real Estate Authority (MahaRERA) has dismissed a homebuyer’s plea while asking him . 10,000 towards the cost of to pay ` the complaint to the respondent developer. The complainant, Dilip Purushottam Shirke, had…
Realty Queries: New projects need to show RERA registration number
Shveta Jain MD, Real Estate Private Wealth Services, answers queries from our readers on real estate: Since now RERA is implemented and regulators are already in place, am I assured of timely delivery and covered against misrepresentation? Can I ask…
Maharashtra Rera rules dilute Act, say home buyers
MUMBAI: Home buyers are entitled to interest from the date of default under the original contract in ongoing projects and not from the date of registration of project under the Real Estate (Regulation and Development) Act (Rera), said the lawyer…
MahaRera: Appellate Tribunal asks MahaRERA to initiate action against architect for incorrect certificate
MUMBAI: The appellate tribunal of MahaRERA has asked the secretary of the regulatory body to initiate action against an architect for issuing factually incorrect certificate to a project. While hearing an appeal, the tribunal found out that a builder during…
RERA: ET View: Amend IBC to bring it in sync with RERA
A paper by industry lobby Assocham surmises that the Insolvency and Bankruptcy Code and the Real Estate (Regulation and Development) Act are pitted against each other, with the former offering relief to lenders and the RERA protecting home buyers. The…
One year of RERA: 14 states still have no portals
(This story originally appeared in on Apr 27, 2018) NEW DELHI: The implementation of the Real Estate Regulation (and Development) Act, 2016, in the country is woefully short of expectations even almost a year after all its sections became law…
RERA: 1 year of RERA: Not much has changed for the homebuyer
On May 1, the Real Estate (Regulation and Development) Act, 2016 or RERA will turn a year old. Although certain sections of the Act were introduced on May 1, 2016, it came into force in its entirety on May 1,…
RERA remains a work in progress after one year: View
By Surendra Hiranandani The Indian realty entered a new paradigm last year with the implementation of the Real Estate (Regulation and Development) Act, 2016 or RERA. It is undoubtedly a path-breaking law that has revived buyers’ confidence and made developers…
Maharashtra: Maharashtra RERA calls for action against 293 projects lacking requisite nods
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has asked various planning authorities in the state to act against 293 real-estate projects that are being developed without requisite permissions, said a top official of the authority.Interestingly, the regulator has gathered information…
‘Pagdi’ buildings may be brought under RERA
MUMBAI: The government is planning to bring tenanted or cessed buildings and tenants of such buildings under the Real Estate (Regulation & Development) Act, 2016 (RERA),providing for the first time the same protection to these consumers as those available to…
Appellate tribunal of MahaRERA in place
(This story originally appeared in on May 16, 2018) Pune: The Maharashtra Real Estate Regulatory Authority tribunal is finally in place with the state government approving an appellate authority of three members. Retired high court judge Justice Indira Jain has…