1. Adequate housing is not merely a desired goal; it is a basic human right of all human beings. This has been affirmed by the Universal Declaration of Human Rights in 1948, which recognizes the right to adequate housing as an integral component of the human right to an adequate standard of living. a. However, […]
The process of creating plans to spend and use finance in an organisation makes up budgeting (estimates). Budgeting (estimates) helps determine the spread of resources/finance available for project development. Execution of budgeting (estimates) in project management/development is essential. This ensures that project efficiency, standards, timely delivery of the project. A good Project Budget sustains itself […]
Financial Management, discipline and withdrawal of funds under RERA Any business or venture shall forecast, plan the financial aspects while conceptualization and shall consider the various associated risks and costs thereon. This Industry is not an exception to that. Being the project development takes place over a number of years and Various risks of availability […]
The real estate sector plays an important role in fulfilling the need and demand for housing and infrastructure in the country. Real estate Industry contributes the 2nd highest GDP to the country next to agriculture. It employs a large number of skilled, unskilled resources. While this sector has grown significantly in recent decades, it has […]
Important Q & A under Real Estate (Regulation & Development) Act 2016 – RERA Act – Registration of Project under RERA 1. What are various aspects covered under RERA? a. The RERA Act 2016 covers various aspects of the Real Estate business i. Separate Authority to Regulate the Real Estate Industry ii. Activities regulated under […]
Article explains Important Due Dates and timelines under RERA explaining Provision of the RERA Act for which compliance is needed, Details of such compliance with timeline and Relevant Section & Rules. Sl No Provision of the RERA Act Details Section 1 Prior Registration of Real Estate Project Obtain the RERA registration on receipt of the […]
RERA Agreement for Sale – Standardized / Uniform contract document – across Real Estate Industry/ business – minimal scope for modification Many of you have experienced the purchase of immovable property from the builder for yourself or to your relatives or to your clients. The immovable property may be a plot or a apartment or […]
The Real Estate (Regulation & Development) Act 2016 was enacted fully w.e.f., 1st May 2017 and presently it is effective and has been implemented in most of the States and Union Territories. Jammu & Kashmir is the latest state / UT to notify Rules in August 2020 and announced that it will appoint the RERA […]
Importance of end date / completion date under the Real Estate (Regulation and Development) Act, 2016 The Real Estate (Regulation and Development) Act, 2016 (Act) came into effect on 25th of March, 2016 after which till date 07 union territories and 19 states have framed and notified the Rules governing the real estate projects. The […]
Definitions as per States RERA Rules (All States) – The Real Estate Regulation and Development Act 2016 aims to safeguard and provide effective consumer protection, uniformity and standardization of business practices and transactions in the Real Estate Sector. The Act provides for establishment of Real Estate Regulatory Authority for regulation and promotion of real estate […]
