Real Estate-act

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Real Estate-act - Total results - 7
Affordable housing: RERA effect to shield cost-sensitive buyers, but lack of clarity worrying developers
Business

Affordable housing: RERA effect to shield cost-sensitive buyers, but lack of clarity worrying developers

Although RERA will protect the interest of the cost-sensitive buyers and ensure greater transactional and delivery vigilance on the part of the developers, it needs to progress so as to cover all possibilities as well as geographies unvaryingly

RERA rules: Maharashtra govt diluted the Act to favour builders' lobby; it's grossly unfair for the buyer
Business

RERA rules: Maharashtra govt diluted the Act to favour builders' lobby; it's grossly unfair for the buyer

The builders of ongoing projects by submitting only the last sanctioned plan for registrations as mentioned in the Maharashtra Real Estate rules are in an advantageous position

RERA takes off for the good: Here's what states that notified the rules should do
Business

RERA takes off for the good: Here's what states that notified the rules should do

Once the law comes into effect, developers can no longer solicit investors or purchasers without approval of the authority

RERA likely to get diluted due to delayed notification, non-uniform rules
Business

RERA likely to get diluted due to delayed notification, non-uniform rules

So far, only seven states have notified the required rules. The absence of a regulator or appropriate rules can result in a regulatory vacuum and dilution of the Acts provisions

'Realty law to cut litigation, ensure timely project delivery'
Business

'Realty law to cut litigation, ensure timely project delivery'

A major outcome of the survey is that industry feels that the rule of depositing 70 per cent of sales proceeds in a separate account will help in getting timely delivery of the project and eliminate fly-by-night operators in the real estate

Relief to home buyers: New Real Estate Act comes into force today; builders can't delay projects
Business

Relief to home buyers: New Real Estate Act comes into force today; builders can't delay projects

The law also makes it mandatory for all residential and commercial projects to register with the Regulator and will apply to new and ongoing projects.

Finally! A consumer-friendly real estate act
Economy

Finally! A consumer-friendly real estate act

The draft Act will, without a doubt, help in consumers making informed decisions on what is almost certainly the most significant investment that they make.