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Real Estate Forum on Real Estate Regulation & Development Bill 2013

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Fight for RERA (Real Estate Regulation and Development Bill, 2013)
Q: The Real Estate Regulation and Development Bill, 2013 will facilitate smooth and hassle-free home buying by bringing reform to the real estate sector. It will help create a set of rules that will safeguard the interests and investments of home buyers.
Fight For RERA strives to ensure that the dream of a roof over the heads of our families becomes a reality by making developers accountable for timely possession and also pay interest and compensation in case of delay.
Join our Facebook Group: Fight For RERA

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Latest Answer: Many promoters are also using RERA Compliant services to do their referrals legally. Loyalie is one such platform which makes referrals legal and hassle free for all. Loyalie has extensively worked with real estate companies across all India helping them ease their problems. The platform allows easy tracking and monitoring of all referrals from a single dashboard. It is easy to use and a very innovative solution under new RERA guidelines. Contact us today if you as a promoter want to beat your competitors and make your referrals legal.
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the Real Estate Regulation & Development Bill of 2013 is taking final shape for approval.
Q: The Real Estate (Regulation & Development) Bill, 2013, drafted by the last union government has submitted for few changes and is now in final stages of being presented for approval by the present government.

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Latest Answer: But decision is yet to come.....and hoping for the best... Now, housing projects on more than 500 sq-mt would have to register with the proposed real estate regulator as opposed to the threshold at 1000 sq-mt that was fixed earlier. Also, the interest rate payable by the promoter or allottee in case of any default by either would be the same now.
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Real Estate Regulation Bill
Q: I heard about real estate regulation bill, that the centre is hoping to bring in the twin states of Telengana and Seemandhra. Is this true guys? Will this bill be in favour of the buyers or the builders?

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Latest Answer: Good evening friends!!!!! It is noted that the Housing Ministry has accepted a proposal of a Parliamentary panel's recommendation on the Real Estate Bill to make the provisions stricter and increase the 50% threshold but not lower it. The Housing and Urban Poverty Alleviation ministry has also accepted all 38 recommendations made by the 21-member Rajya Sabha select committee which submitted its report last week.
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What can we expect from the real estate bill??
Q: What can we expect from the real estate bill??

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Latest Answer: Hey all, I think even the panel is waiting for this bill as they have not changed the penalty provisions of the Bill and retained the original proposal such as imprisonment of developers for any violation of the proposed law. It indicated that everybody want that the sale of plot, apartment or building in an efficient and transparent manner, to protect the interest of consumers in the real estate sector.
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