Real Estate Act

The realtor will deliver the remaining 50 per cent of the units to customers in the second phase of the projects

Real estate developers say they paid exorbitant amounts to municipality as Land Under Construction Tax

Property tax is one of the major sources of revenue for local governments/Urban Local Bodies (ULBs)

Despite the slight increase in overall interest rates, the demand for housing has not dipped.

14% of 184,000 units sold in the top seven Indian cities in the period were luxury homes

If they do not get registered with us then we have got enough of more power to take action against them under section 59 and 61 of the Act.

The Supreme Court struck down West Bengal's law on regulating the real estate sector in the state, and said it was unconstitutional as the statute encroached upon the Centre's Real Estate Act

Overall, all top metros, except for Gurugram, witnessed a fall in number of unit launches

Altogether, five states account for a significant 81% share, with 36,576 out of 45,307 projects registrations as on October 5

According to the draft rules, it will be mandatory for a realty project promoter to upload all disclosures, including information and documents, to the website of the RERA

Framing rules becomes necessary following enactment of the Real Estate Act, which seeks to protect home buyers and boost investments in the sector

The Ministry of Urban Development will come out with such rules for the National Capital Region of Delhi

The new Act will force more transparency and disclosure from builders and will encourage investments into real estate

An official statement said that the rules will be made 'within a maximum period of 6 months' according to the provisions of the Act

The provisions of the Real Estate (Regulation and Development) Act, 2016, are more coercive than what were required to address market failure