Page 3 - Rera

Homebuyers tilt towards branded players despite slowdown in real estate mkt

According to PropEquity, 600 mn sq ft of projects at a pan-Indian level are stuck. This accounts for 50 per cent of the unsold inventory in terms of units

R.I.P. interest subvention scheme

The tripartite agreement between the housing finance company (HFC), the developer and the buyer is loaded against the buyer

Realty check: Current rates, unit sizes in Rs 1-1.5 crore price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy

Understand legal nitty-gritty of investing in Indian realty for NRIs

NRIs must ensure that the project they invest in is registered with the state RERA authority and complies with its regulations

UP may announce package for stressed housing projects as unsold stock soars

Projects in the state have a combined inventory of 100,000 units valued at Rs 1.50 trn, mostly in Noida and Greater Noida

Real estate woes impacting core sectors; working with RBI for solution: FM

Finance minister Nirmala Sitharaman on Tuesday said the government and Reserve Bank are working to resolve the issues being faced by realty sector. Admitting that realty sector has been left out of the booster measures announced earlier, she said the sector has a spillover effect on many sectors, especially the core sector. "The government is very keen and is working very clearly together with the RBI to see how best we can, where necessary, tweak the existing norms to help the people who are affected in the realty sector," she said at an NSE event. It can be noted that after the July budget roiled the market and business sentiment, the government has rolled back many of the tax measures and also went to the extent of drastically cutting corporate tax to 22 percent--making the biggest tax giveaways to the tune of Rs 1.3 lakh crore. Admitting that the so far announced measures have not helped revive the sentiment in the real estate, she said since August the government

Relief for realty: Govt sets up Rs 25k-cr fund to revive stalled projects

In other decisions, Cabinet has approved pacts signed with German agency DGUV; pact with Guinea on renewable energy; and signing revised DTAC with Brazil

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

Facing liquidity issues, big realtors eye new development management models

Godrej signed a similar deal with a Bengaluru-based developer recently. In the new version of DM, Godrej may or may not charge a fee, as it's a 50 per cent partner in the project

RERA should have come earlier to control builders, says PM Modi

As per RERA, builders cannot sell without registration

Homebuyers' body urges PM to include non-RERA projects in Rs 25k-cr fund

The Real Estate (Regulation & Development) Act, which became effective from May 2017, provides for setting up of regulators in each state.

Homebuyers body cheers govt's realty push, demands fund transparency

The move is likely to help 4.59 lakh housing units across the country. Only RERA-registered projects with positive networth will be provided funds.

Consumer complaints should go to RERA before NCLT, say builders

About 450 real estate companies/projects across the country are facing insolvency proceedings under IBC because of default in the delivery of projects to homebuyers as well as repayment of bank loans

Maharashtra and Gujarat lead 40% year-on-year spike in RERA registrations

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

Happy Diwali ahead for Noida home buyers: Builders can give possession soon

Rules state that if RERA does not issue possession certificate or raises concerns, the builders can start giving possession to buyers

NBCC to get Rs 7 cr to finish 2 Amrapali projects; ED gets audit report: SC

Forensic audit report be given to ED, Delhi police, ICAI in Amrapali case: SC

Don't fall for under-construction stock, ready-to-move homes a better bet

With banks saddled with NPAs, NBFCs had stepped into the breach

SC cancels RERA registration of Amrapali Group; NBCC to take over projects

In a relief to the home buyers, the Supreme Court has ordered NBCC to finish all pending projects of Amrapali Group

Govt plans common platform for RERA of all states, UTs; move to help buyers

Announcing the government's plan here, Housing and Urban Affairs Secretary Durga Shanker Mishra said that with this platform, the real estate law will become "more strong"

UP RERA directs banks to strictly comply with escrow account provisions

UP RERA took cognisance that some builders were not complying with the provisions of the Real Estate (Regulation and Development) Act, 2016 and withdrawing funds without the requisite certificate