Page 2 - Rera

The shovel returns

Housing down-cycle shaved more than 1 per cent from growth annually for nearly a decade; it is turning now

Robust regulatory mechanism under RERA: Centre on builder-buyer agreement

The Centre has told the Supreme Court that a robust regulatory mechanism and draft 'agreement for sale' already exists under provisions of RERA, Real Estate (Regulation & Development) Act, to balance the rights and interest of homebuyers and promoters in an accountable and transparent manner.

SC verdict to protect homebuyers, make realtors toe the line

The SC's verdict is now expected to trigger a major change in state-specific rules modelled on this Act

WFH rules helped middle class during Covid-19 pandemic, says PM Modi

"The rules framed for WFH during the corona period made the lives of the urban middle class much easier," Modi said

Second wave: MahaRERA grants six-month extension to developers till October

The Maharashtra Real Estate Regulatory Authority allowed a six-month relief to builders to deliver projects by accepting their demand for invoking the force majeure clause because of the second wave.

Maharashtra RERA blacklists 644 residential projects in state, bars sale

About 43% blacklisted projects are in Mumbai Metropolitan Region alone, followed by 29% in Pune; the remaining are in smaller towns Nagpur, Nashik and Kolhapur, among others

Model Tenancy Act to create level-playing field between landlord and tenant

By giving landlords the confidence to rent their properties, it will augment supply, providing tenants with more choices

UP, Haryana, Maharashtra lead on the number of RERA cases resolved

Nearly 40 per cent of all complaints were resolved in Uttar Pradesh alone

A regulator for health sector on lines of RERA likely to be set up soon

The survey cited unplanned readmission data - considered the most common metric of quality in the hospital setting

Will commercial real estate market rebound to pre-pandemic levels in 2021?

2021 should be a year in which commercial asset story will continue to grow and lead the recovery in the real estate sector post pandemic

RoDTEP rates not decided, MEIS for exports may continue till end-March 2021

Any registered user under GST who wishes to generate IRN needs to register on e-invoice system using his GSTIN

From battle over whisky brand to Rera rule, here're the key court orders

A selection of key court orders

Despite RERA, home buyers can still seek remedies at consumer fora: SC

The Supreme Court on Monday held that despite the enactment of RERA, to deal with real estate firms, home buyers can still approach the consumer forum to seek remedies

Paying six per cent interest on flat cost for delay a huge burden: Realtors

While developers say it will be a huge burden for them in addition to penalties under RERA, other experts suggest the apex court verdict would be beneficial for buyers

Will settle all RERA complaints in the next six months: Supertech

Supertech said of the 864 complaints, it has settled 334 since the opening of the lockdown by providing alternative flats or compensation to complainants

RERA to approach RBI for one-time debt recast to overcome liquidity crisis

CREDAI and Naredco have been demanding one time restructuring of developers outstanding loans with financial institutions to prevent bad loans and making them eligible for fresh borrowings

Homebuyers enjoy clear-cut financial gain with deferred payment plans

Ensure the price isn't higher than a construction-linked plan

With attractive deals, real estate becomes buyers' market amid Covid-19

Potential buyers face risks on two counts. The first is a possible salary cut or even job loss

SC allows ED to attach JP Morgan's assets in FEMA violation case

JP Morgan was engaged in transactions with the now-defunct Amrapali Group to allegedly siphon off home buyers money in violation of the Foreign Exchange Management Act (FEMA) and FDI norms

Govt move to extend project timelines will help stressed realtors: Experts

Home buyers, on the other hand, will have to wait longer to take possession