Page 5 - Rera

Govt setting up 31-member committee to advise on RERA, protect home buyers

About one million buyers invest every year with the dream of owning a house

6 out of 10 projects in Mumbai revise delivery targets after RERA: Report

Six out of ten under construction projects in Mumbai have revised their delivery targets by more than a year after Real Estate Regulation and Development (RERA) Act, 2016 into force, said a new report. About 57 per cent of projects registered with RERA authority in Maharashtra have extended the delivery timelines, said a survey by property consultant Knight Frank. The report covered residential units registered with the Maharashtra RERA regulator or the MahaRERA in the Mumbai suburbs until August 16, 2017. For nearly one-fourth (24 per cent) of the 1, 07,875 registered units the completion deadline was pushed by 12 to 18 months. The report further found that 19 per cent under construction homes were delayed by 24 to 48 months and 10 per cent of these properties would not get completed before four years. Just about one-third of the units listed with the MahaRERA are set to be completed on time, the report added. Dr. Samantak Das, Chief Economist and National Director-Research, Knight .

RERA: There's no way home prices will go up anytime soon

Given the inventory overhang across India, it is very clear that people are not buying homes

Now that RERA is a reality, should you buy an under-construction property?

If you are looking to buy a home to live in, it makes sense to still buy a fully finished one

All states may notify rules under RERA by July-end, says Govt

For setting up of a permanent regulatory authority by them will take some time

Slow and unsteady

Lax execution of a new realty law is hurting the sector

Rera impact: Stressed realtors seek buyouts or JVs with big players

Rera makes it mandatory for developers to keep 70% from a project sales in an escrow account

RERA to deliver a debt blow to developers

The Real Estate (Regulation & Development) Act or RERA would push up debt levels of real estate developers and lead to continued negative cashflows, say property developers and analysts.Companies in BSE Realty Index had a total debt of Rs 52598 crore as of September 2016, about 7.3 per cent higher than the year ago period. The companies had an average 0.8 times debt to their total equity in September 2016. Debt of top developers is expected to go up by 15 to 20 per cent in the current financial year, according to industry estimates. "Rera will definitely pose challenges for many developers in terms of cashflows. Many were launching without approvals and that fungibility of money will go away and some level of stress will come in," said Anita Arjundas, managing director and chief executive at Mahindra Lifespace Developers, part of Mahindra group.The RERA makes it mandatory for developers to keep 70 per cent of proceeds from a project in escrow account, thereby restricting their ...

Rera does bring hope

It will certainly not be an instant cure, even if retrospective clauses are invoked

State-wise status of RERA: Most of them miss deadline, says report

Full text of CRISIL Research Impact Note on status of RERA

Aggrieved home buyers are yet to understand benefits of Real Estate Act

Under the central law, each state has to notify rules and set up a regulatory authority

Sloppy start to RERA as almost half the states are yet to notify rules

Almost half the states yet to notify rules, while others have watered down provisions of central Act

On Maharashtra Day, state governor announces its own version of RERA

The new act would be on the lines of the RERA being implemented at the national level

Should you rush to ride realty rally as RERA comes into force today?

Realty shares such as Indiabulls Housing and DLF have gained anywhere between 30% and 90% this year

RERA to revive housing demand, protect buyers, say realty firms

RERA will increase transparency in the sector; boost confidence of both domestic, foreign investors

Tax sops luring big players to affordable housing under RERA: Deepak Parekh

Deepak Parekh said govt extended 100% tax deduction scheme for affordable housing projects

Getting loans tough without lenders' protection under RERA, say developers

In case of project delays, onus of paying monthly interest taken for flats will lie on them

What is RERA and how it could change your home buying experience

Idea of Rera is to spare consumers from unscrupulous practices o big developers

Developers raise concern on registering existing projects under RERA

Construction cost will likely to go up close to 10% after implementation of RERA act

RERA Act will push construction cost up by 10%

Builders say need for capital would go up due to RERA provisons