Till now RERA has been set up in many states of the country. Maharashtra RERA (MahaRERA) leading amonst all, has disposed of the largest number of complaints and issued orders against the developers / builders for non-compliance of the law. MP-RERA, HARYANA RERA (HARERA) and the authority in other states is also leaving no stones […]
The Real Estate (Regulation and Development), Act 2016 has been quite effective so far. The Authority has been taking strict actions against builders for non-compliance and violation of law. Pre-RERA, the promoters / builders resorted to unfair trade practices including delay in handing over possession by not delivering the possession on the committed date, deceiving […]
One of the most globally recognized sector i.e. the real estate sector ranks 3rd among the 14 major sectors in the country in terms of direct, indirect and induced effects in all sectors of the economy. The Real estate sector is an important pillar of the economy fulfilling the demand for infrastructure in the country. […]
Witnessing the real estate sector today, choosing a builder can be a very big and important task as your lifetime savings might be on stake, therefore, you are required to be a little more conscious and all that is needed is some good amount of research that will land you just in your dream home. […]
Has this ever happened to you that you were shown something different from what the builder had shown you in the beginning? Then, you too are one of those home buyers who have been cheated by the builder. There is a large no. of people who fall prey of this tactic of the builders and […]
The Indian Real Estate is now experiencing rising transparency and discipline in property dealings . In 2013-18, residential property price appreciation in India bottomed out to a mere 12 percent – which effectively worked out to a little over 2 percent annually, even for properties at prime locations. In the unorganised real estate, the drop […]
One of the main causes of litigation against the builders in RERA is the delay in giving possession to the buyers. In that case, the buyers have only one way out i.e. taking appropriate legal recourse against the builder. Now that there is a separate authority for regulation of the Real Estate sector, the buyers […]
The Real Estate (Regulation and Development) Act, 2016 nationwide mandates the registration of the projects that are not complete and undergoing. MahaRERA addressing a case regarding registration of a project held that not having an occupation certificate does not mean that the building has to be registered with Maharashtra Real Estate Regulatory Authority. All projects […]
After coming into force of Real Estate Regulation Act (RERA) the Government also opened doors for more NRI investment in the Real Estate Sector. Earlier, the Non-Resident Indians [NRIs] use to think twice before investing in the Indian Real Estate market due to various reasons. But, today, RERA has become a reason for an increase […]
There are a number of homebuyers who take the possession of the property even when the completion certificate has not been issued to the builder in respect of that property. But, should one really go ahead in such a case? The dilemma is not really worth it. A Completion certificate is a legal document that […]
