Real Estate (Regulation and Development) Bill
The Real Estate (Regulation and Development) Bill, 2013, is likely to be taken up for consideration in the Winter Session of Parliament, said a senior government official who attended a high-level meeting on the subject on Wednesday. The meeting of the Union housing and urban poverty alleviation ministry was convened in the run-up to a [...] Continue Reading »
The Centre is planning to make it mandatory for real estate agents to get themselves registered with the proposed real estate regulatory authority (Rera). In the past few years there have been many incidents where property buyers have got duped by agents and brokers and have lost huge sums of money and in many cases [...] Continue Reading »
The housing ministry plans to include commercial and industrial real estate under the Real Estate (Regulation and Development) Bill, 2013 which is expected to be brought to the Parliament in the monsoon session. The ministry official mentioned that a proposal would be soon sent to M Venkaiah Naidu the housing and urban poverty alleviation minister, for approval and then [...] Continue Reading »
Ever since the incoming government last week made a historic win, big bets by the realty companies are already being placed. Across the nation, real estate agents and brokers are looking at Team Modi and his entourage to help revive the industry. They say aspirants should buy homes soon, because the government they feel is [...] Continue Reading »
The Maharashtra Housing Act 2012 was well received in the mainstream media ever since it was passed. It’s commendable that Maharashtra took this initiative, but what’s important to understand is that this Act has provisions that negatively impact home buyers and promote developers’ interests. What’s more, the State Act limits, and in many cases negates [...] Continue Reading »
If the parliamentary panel’s recommendations be implemented, the projects that are built on 100 square meters of area or more would be brought under the purview of the Real Estate (Regulation and Development) Bill, 2013. In its report on the Bill, the Standing Committee on Urban Development said that the small projects, where the area [...] Continue Reading »
The much-awaited Real Estate (Regulation and Development) Bill has obtained clearance from the Cabinet on 4th June. The Bill is expected to bring in transparency in the nation’s real estate sector with tighter norms for selling projects and preventing property fraud cases. This Act may be called as the Real Estate (Regulation and Development) Act, [...] Continue Reading »
Property buyers will have many reasons now to cheer. The Real Estate (Regulation and Development) Bill is in its planning stage and Parliament is likely to discuss the same in its coming budget session. As per real estate experts, a strong law will be put forward to stop unethical and unscrupulous practices in the real [...] Continue Reading »
The Real Estate Regulatory Authority Bill will be introduced before the parliament during the Budget session, said Ajay Maken, Housing and Poverty Alleviation (HUPA) minister. However, the proposed bill faced objections from real estate bodies and industry pressure groups. Realty bodies like CREDAI and NAREDCO have opposed the real estate regulatory bill stating that the [...] Continue Reading »
The government plans to bring unorganised property agents and brokers under the purview of the proposed real estate regulatory bill. According to sources in Ministry of Housing and Urban Poverty Alleviation, a chapter has been included on real estate agents in the Real Estate (Regulation and Development) Bill. Unlike most nations, property brokers in India [...] Continue Reading »
