How will RERA impact you as a real estate buyer? The Real Estate (Regulation and Development) Act, 2016 (RERA) is effective from May 1, 2017, and covers all the residential and commercial projects in every state. RERA is aimed to protect the interest of consumers, promote fair play in real estate transactions and to ensure timely execution of projects. Read on to find out the developments around RERA and how it will impact you as a buyer of a real estate property.
May 16, 2018, 12:32 PM IST For this, the government must amend the IBC to recognise the legitimate claim of home buyers. After all, they use their lifetime savings to invest in a house.
more May 16, 2018, 12:31 PM IST The Pagdi system, which has been in existence since pre-independence era across many parts of the country, is a rental model.
more May 16, 2018, 12:30 PM IST Over the past one year, MahaRERA has received about 9,000 e-mails giving details of such projects. Of this, about 7,300 emails were found to be valid.
more May 16, 2018, 12:26 PM IST The permanent appellate tribunal will hear appeals against the orders passed by MahaRERA. Homebuyers and developers can approach it for overruling an order given by the MahaRERA.
more Apr 30, 2018, 06:19 PM IST We need a RERA authority monitoring the process of statutory approvals. India ranks a very low 181 out of 189 countries in ease of getting construct
more Apr 30, 2018, 11:51 AM IST The appointment of an authority under RERA in every state was expected to go a long way towards regulating the sector and making it transparent.
more Apr 30, 2018, 11:52 AM IST As the first anniversary of RERA draws closer, so does the knowledge that the implementation across states is nowhere close to its goal.
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Apr 30, 2018, 11:52 AM IST While hearing an appeal, the tribunal found out that a builder during a hearing in MahaRERA had said that building has occupation certificate.
more Apr 20, 2018, 05:12 PM IST RERA rules will not only impact new buyers but also help those who are yet to receive possession of their real estate property.
more Apr 20, 2018, 05:11 PM IST A plausible reason could be that they may not wish their on-going project to fall under the purview of RERA, which is set to become effective from M
more Apr 20, 2018, 05:05 PM IST Each State and UT will have its own Regulatory Authority showing records of all projects registered with them on its website.
more Nov 14, 2017, 05:57 PM IST Sections of developers and home buyers are disappointed that the authority is acting more like another urban civic body rather than learning from KERC.
more Nov 14, 2017, 05:57 PM IST Shveta Jain MD, Real Estate Private Wealth Services, answers queries from our readers on real estate.
more Nov 14, 2017, 05:56 PM IST It said that the issue of compensation was already decided by civil court of Pune.
more Nov 14, 2017, 05:55 PM IST "RERA allows a flat buyer to withdraw from a consumer body, a pending case in a pending project over delayed possession and file a complaint under R
more Sep 14, 2017, 05:09 PM IST Developers registering projects with the Maharashtra Real Estate Regulatory Authority are mandated to declare the delivery date of projects.
more Aug 17, 2017, 10:25 AM IST As a result of the changing market dynamics, developers have been going slow on new project launches compared to previous years,” said Anuj Puri, chairman — Anarock Property Consultants.
more Aug 10, 2017, 12:02 PM IST The Tamil Nadu RERA, 2017, notified by state government notified on June 22, make it mandatory for real estate agents and property dealers to register with TNRERA.
more Aug 8, 2017, 10:13 AM IST Banks have also sought additional collateral, including on personal properties of promoters, as guarantees while disbursing loans to a few real estate developers.
more Aug 7, 2017, 12:41 PM IST Uncertainty over RERA and GST created confusion among stakeholders and pulled down the Real Estate Sentiment Index for Q2 2017.
more Aug 1, 2017, 12:56 PM IST Out of 29 states, only 15 states had notified the final rules of the real estate regulatory Act (RERA) while all seven UT's had notified them.
more Jul 28, 2017, 01:09 PM IST “The regulatory authority has begun functioning, the principal secretary is heading it for the time being. The government will soon appoint a regular chairman.”
more Jul 28, 2017, 12:25 PM IST Under the definition of 'ongoing projects' as per Section 'h' of the notification, most flats are likely to remain outside of UP RERA.
more Jul 28, 2017, 12:26 PM IST The central Rera stipulated that housing projects that have received a CC before May 1 would not be under the law's purview.
more Aug 7, 2017, 12:40 PM IST Maharashtra Credai president Shantilal Kataria said in a survey they found that only 10 developers had registered after the July 31 deadline.
more Aug 7, 2017, 11:48 AM IST According to an estimate of MahaRERA, there are around 800 ongoing real estate projects in these two UTs in Western India.
more Aug 1, 2017, 12:57 PM IST Both Haryana and Uttar Pradesh have decided to keep outside the purview of RERA projects that have been issued, or applied for, occupancy certificates.
more Aug 1, 2017, 12:57 PM IST According to developers, there are more than 20,000 ongoing realty projects across the state that had to be registered with the authority.
more Aug 1, 2017, 12:55 PM IST According to a source from RERA Karnataka, a total of 990 projects and 354 real estate brokers registered on the last day of registration.
more Jul 28, 2017, 12:29 PM IST With 3 days left and the official portal to register the projects being unveiled only two weeks ago, promoters in Tamil Nadu are in a quandary.
more Jul 28, 2017, 12:24 PM IST Projects where services have been handed over to local authority for maintenance and common areas have been handed over to RWA are excluded.
more Jul 27, 2017, 11:51 AM IST In Gautam Budh Nagar, including Noida and Greater Noida, there are over 80 ongoing projects by 58 builders.
more May 19, 2017, 10:17 AM IST As per RERA, all on-going projects as on May 1, 2017, have to get registered within a period of three months i.e. till July 31.
more Jul 26, 2017, 01:15 PM IST The registrations will happen through online applications and will be done under the state RERA rules that were passed in December 2016.
more Jul 26, 2017, 01:14 PM IST Haryana RERA had received a total of 1,874 objections and suggestions from CREDAI, other developers, resident welfare associations and individual co
more Jul 20, 2017, 12:00 PM IST MahaRera announced the changes a circular issued to encourage developers to speed up the registration of their projects with the authority.
more Jul 17, 2017, 11:29 AM IST Real estate developers peg the number of ongoing constructions at 3,000-5,000, but RERA authorities say the actual number is higher than 10,000.
more Jul 17, 2017, 11:28 AM IST Goan builders will get three months from the date of notification to register under RERA as the state has failed to notify the RERA rules till date.
more Jun 20, 2017, 07:02 PM IST Each Regulatory Authority in the state is required to maintain a website with details of registered real estate projects for public viewing.
more Jul 11, 2017, 11:13 AM IST All the states have to approve the regulation, notify the rules, appoint regulators and operate regulatory authorities also by July 30, he said.
more May 9, 2017, 11:25 AM IST The large amount of inventory overhang in the system, will probably keep the price rise at bay till the supply gets over.
more Apr 29, 2017, 03:52 PM IST Separate account for every project undertaken wherein 70 percent of the money received from the buyers shall be deposited.
more May 18, 2017, 12:37 PM IST "Earlier it was 3 years for normal projects, now under RERA we will be taking about 4 years to complete the project": R K Arora, Chairman, Supertech
more Jul 26, 2017, 11:40 AM IST Developers say that any Act having no control over the buyers would have been meaningless. Even buyers need to be disciplined.
more Jul 24, 2017, 11:21 AM IST If a developer wants to save himself from the pain of poor construction, he will have to keep tabs on agencies he conducts business with.
more Jul 24, 2017, 11:21 AM IST CREDAI has asked its members to go for registration of ongoing projects as per rules notified by state governments as it helps build confidence among buyers.
more Jul 24, 2017, 11:20 AM IST Builders' demand to exclude incomplete projects was turned down by the Centre saying the law was enacted to bring relief to crores of home buyers.
more Jul 24, 2017, 11:20 AM IST Around 4,300 of the 12,000 real estate agents or brokers across the state have registered themselves under RERA and another 4,000 may be added soon.
more Jul 20, 2017, 12:09 PM IST Real estate projects which don't get registered with their respective RERA till July 31 will not be allowed to sell after the deadline.
more Jul 17, 2017, 11:29 AM IST Real estate developers peg the number of ongoing constructions at 3,000-5,000, but RERA authorities say the actual number is higher than 10,000.
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How will RERA impact you as a real estate buyer?
