Finance : The guide explains how property taxes, rental income, and capital gains apply at different stages of ownership. It highlights key ...
Corporate Law : Joint Venture Disputes Between Landowner and Developer Fall Outside the Ambit of RERA: MPREAT in Bhopal Development Authority vs. ...
Corporate Law : The High Court held that RERA execution powers cannot extend to unilateral cancellation of registered sale agreements. The key tak...
Corporate Law : The Act was introduced to tackle project delays, lack of transparency, and misuse of funds, granting homebuyers strong statutory r...
Corporate Law : A summary of the legal boundaries for monetizing car parking in AP residential projects. Open, stilt, and basement parking are com...
Corporate Law : Explore discussion paper on real estate insolvency reforms, including RERA registration, separate bank accounts, and asset exclusi...
Corporate Law : Learn how to register as a real estate agent with HRERA Panchkula. Follow these step-by-step instructions for online registration,...
Corporate Law : Real estate agents are essential element of real estate sector, who connect allottees and promoters and facilitate most of the rea...
Corporate Law : The Real Estate Regulation & Development Act, 2016 (RERA) was passed in the Parliament in March 2016 & it came into effect...
Corporate Law : Haryana Real Estate Regulatory Authority (HRERA) have ordered 17 Builders, to refund Rs. 50 Crores to the homebuyers of various co...
Corporate Law : Jacob P P Vs Alka Ventures Pvt Ltd (NCLT Kochi) Homebuyers in the SKYWINGS Township Project filed a petition under Section 7 of th...
Corporate Law : NCLAT Delhi held that order directing vacation of premise granted under leave and licence agreements granted by Corporate Debtor d...
Corporate Law : The Bombay High Court directs MahaRERA to restore hybrid hearings and create transparent processes, citing a Supreme Court precede...
Corporate Law : Madras High Court rules real estate developers must secure 2/3rd buyer consent for major plan alterations, quashing unilateral app...
Corporate Law : Dive into the NCLAT judgment on the implications for homebuyers under RERA, analyzing Section 7(1) of the IBC and the distinction ...
Corporate Law : Rajasthan RERA extends QPR penalty implementation to May 1, 2025. Order details & compliance info for promoters. No further extens...
Corporate Law : MahaRERA announces temporary unavailability of the complaint module from 20-31 Aug 2024. New system MahaCRITI to launch post 31 Au...
Corporate Law : Explore MahaRERA's proactive approach to quality assurance in real estate, focusing on prevention and rigorous standards. Submit y...
Corporate Law : Delve into MahaRERAs discussion paper regarding the operation of bank accounts for registered real estate projects. Learn about pr...
Corporate Law : Discover MahaRERA's initiative to regulate Retirement Homes in Maharashtra, ensuring adherence to physical standards for senior ci...
Finally, after a long span of time, to regulate an unorganised sector i.e. Real Estate, The Real Estate (Regulation and Development) Act, 2016 (RERA) came into picture. Prior to which the real estate sector was not regulated by any particular Authority. It is used to be the most un-organised sector
Real Estate Regulation Act(RERA) Requires every Promoter(i.e, Builder) to set a side 70% of total receipt from Customer. This Amount can be withdrawn by CA+Architect+Engineers Certificate. Article shows illustration how to calculate Quantum of Amount that can be Withdrawn from such 70% a/c for Ongoing Project & New Project.
Affordable housing story is the most hyped story. RBI defines that, cost of the house cannot exceed Rs. 65 lakhs and 50 lakhs in metros and non-metros respectively. RERA will force consolidation in the sector. Smaller real estate developers will end up collapsing into the arms of bigger builders.
Section 3(1) of RERA Act prohibits advertisement for all projects (ongoing/future) without registration with Real Estate Regulalory. This provision has come into effect from 01st May, 2017.
