Page 2 - Rera Act

Realtors turn to lawyers to sail through RERA shake-up

States such as Maharashtra have made it mandatory for developers to register the ongoing projects

RERA: Penalty applies to current projects too, claims homebuyer body

RERA came into effect from May 1

Rera Act: 14 more states in process to notify the law

As many as 14 states and union territories have implemented the Real Estate (Regulation and Development) Act and another 14 states are in the process of notifying the rules, a senior government official said today. The ongoing real estate projects need to be registered by July-end with the regulator set up under this law, Ministry of Housing and Urban Poverty Alleviation joint secretary Rajiv Ranjan Mishra said, "So far, 14 states and UTs have implemented this law. There are other 14 states which are in process of notifying the rules. We hope that they will do it soon," he said on the sidelines of a realty conference organised by FICCI, Grant Thornton and Khaitan & Co. He made it clear that this law is not a "model law" but passed by Parliament and the legislation should be implemented in letter and spirit. The law, which aims to protect property buyers from fly by night operators, was passed by Parliament in March 2016 and the Act came into force from this month. The states

Poll: 58% say they feel encouraged to invest in real estate thanks to RERA

Business Standard poll indicates people are encouraged by RERA coming into force

Should you invest in realty as Rera comes into effect?

Shares of real estate companies were in focus on Tuesday with the Nifty Realty Index gaining nearly 3% on the National Stock Exchange (NSE) in intra-day deals. By comparison, the Nifty 50 moved up 0.3% to 9,352 levels. Thus far in calendar year 2017 (CY17), the Nifty Realty index has rallied 56%, as compared with 14% rise in the Nifty 50 index.The outperformance in CY17 comes amid multiple developments on the policy initiatives front - from the implementation of Real Estate (Regulation and Development) Act, 2016 (RERA) that came into force with effect from May 1, 2017 - to amendments in Real Estate Investment Trust (REIT) regulations and Infrastructure Investment Trusts (InvITs), which are seen as a long-term positive by analysts.Among individual stocks, Sobha, Indiabulls Real Estate, Godrej Properties, Prestige Estates, DLF and Housing Development and Infrastructure (HDIL) from the Nifty Realty index gained between 2% and 8% on the NSE on Tuesday. Ansal Buildwell, Hubtown, D B ...

Looking for a house? Here are 10 ways Rera makes life tough for realtors

Promoters must mandatorily deposit 70% of unused fund collected for project in separate bank account

Delayed notification, non-uniformity in rules may dilute RERA: Icra

RERA Act would bring about a paradigm shift in the way the real estate industry operates

Real Estate Act: How realtors are gearing up to become compliant

Some have hired external consultants, while most developers have relied on their internal teams

RERA to roll out from today: No new housing project without registration

The Real Estate (Regulation and Development) Bill, 2016 was passed by Parliament in March 2016