Rera Act
SC grants states four weeks for response to deviations in RERA rules
The Supreme Court on Friday granted four weeks more to states and Union Territories who have not filed their reply to the deviations and variations pointed out in the implementation of the Real Estate (Regulation and Development) (RERA) Act, 2016, and corresponding rules and laws in their jurisdiction. A bench of Justices D Y Chandrachud and Hima Kohli warned that if the requisite responses are not filed within the stipulated time, principal secretaries of housing and urban development shall be present in court to explain the delay. The top court noted that 13 states and two UTs have filed their responses to the plea. "Despite the previous order, requiring the states/UTs to file their responses, certain states have not submitted their responses. They shall do positively within four weeks, failing which the principal secretaries in housing and urban development shall be present in court," the bench said while posting the matter after eight weeks. The top court was hearing a plea fil
 "SC grants states four weeks for response to deviations in RERA rules")
City development agencies must register projects with RERA: Delhi chairman
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.
 "City development agencies must register projects with RERA: Delhi chairman")
Home truth: NCR's unsold inventory dips 26% since RERA, shows data
While it continues to take the strain of 328,000 stalled units launched before 2015, unsold units since early-2016 have come down 26 per cent
 "Home truth: NCR's unsold inventory dips 26% since RERA, shows data")
UP, Haryana, Maharashtra lead on the number of RERA cases resolved
Nearly 40 per cent of all complaints were resolved in Uttar Pradesh alone
 "UP, Haryana, Maharashtra lead on the number of RERA cases resolved")
Bengal developers fear missing real estate sops with state bypassing RERA
Bengal govt enacted own version of RERA, the West Bengal Housing Industry Regulation Act in 2017, the only state to do so, and Housing Industry Regulatory Authority came into effect on June 1, 2018
 "Bengal developers fear missing real estate sops with state bypassing RERA")
WIll SBI's loan revive trust?
In SBI's scheme, the buyer pays only the down payment. The developer pays the interest during the construction period
 "WIll SBI's loan revive trust?")
Here's why Insolvency and Bankruptcy Code is a policy masterstroke
From 161 resolved cases, the realisable amount stands at over Rs 1.6 trn
 "Here's why Insolvency and Bankruptcy Code is a policy masterstroke")
Realtors seek cheaper loans and uniform GST norms to revive sector
Developers are hoping this week's announcement will bring some relief
 "Realtors seek cheaper loans and uniform GST norms to revive sector")
SC cancels Amrapali group RERA registration for cheating homebuyers
Top court says Amrapali defrauded buyers in connivance with banks, Noida, Greater Noida authorities, appoints state-owned NBCC India to complete pending projects
 "SC cancels Amrapali group RERA registration for cheating homebuyers")
How RERA works in major states and its uneven operation across India
Leaky escrow accounts, delayed execution of RERA orders, inadequate administrative machinery and bias towards builders are some issues that need to be addressed in some states
 "How RERA works in major states and its uneven operation across India")
30,000 realty projects, 25,000 agents under RERA Act: Hardeep Singh
Six north eastern states and west Bengal were yet to issue the notification of rules under RERA, says Hardeep Singh Puri
 "30,000 realty projects, 25,000 agents under RERA Act: Hardeep Singh")
Here's why Rera implementation remains work in progress across states
In many states such as Karnataka, Tamil Nadu, Telangana and Uttar Pradesh, the definition of an ongoing project has been diluted
 "Here's why Rera implementation remains work in progress across states")
One year after coming into force, Rera remains a work in progress
According to property consultancy firm Knight Frank, only 19 states and UTs have a functional portal in place, that too with a lot of information dissymmetry across data points
 "One year after coming into force, Rera remains a work in progress")
RERA and consumer forums can provide better relief to home buyers
RERA is still in the initial stage and is facing teething problems
 "RERA and consumer forums can provide better relief to home buyers")
Expeditiously decide RERA-related pleas: Supreme Court to Bombay HC
A bench headed by Justice Arun Mishra passed the order
SC agrees to hear govt's plea about transfer of Rera cases to Delhi HC
Under RERA each state and UT will have its own Regulatory Authority
 "SC agrees to hear govt's plea about transfer of Rera cases to Delhi HC")
100 days of Rera: Confusion led to realty purchases getting postponed
There is an obligation on the developer to complete the project on time or pay penalty for delays
 "100 days of Rera: Confusion led to realty purchases getting postponed")
Land can be a multi-bagger investment
Investments come with their own share of risks and buyers may need to hold on for at least 5-10 yrs
 "Land can be a multi-bagger investment")
Rera: 'Apartment funding' from investors likely to perish, says JLL
Rera requires developers to deposit 70% of payments through any kind of sale in an escrow account
 "Rera: 'Apartment funding' from investors likely to perish, says JLL")
RERA: Single-biggest reform for Indian real estate
For the past 20 years, the real estate sector had been in the 'adolescence' stage of development
 "RERA: Single-biggest reform for Indian real estate")
