Real Estate Regulatory Authority
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 government’s plan to bring property brokers and agents under the ambit of the proposed real estate regulatory authority (RERA) is good news for the home buyers. However Sanjay Dutt the executive managing director, South Asia of Cushman & Wakefield feels that bringing brokers and agents under the bill is not a bad idea;however he [...] Continue Reading »
Realtors in Noida have welcomed the Centre’s move to make it mandatory for real estate agents to get themselves registered with the proposed real estate regulatory authority (RERA) and obtain a licence before starting business. This is a surprising move as we had expected a lot of opposition from them. However the builders feel that [...] 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 »
It has been seen that buyers are tempted to buy a house at a price 20-30 percent lower than the market price that is why buyers book houses projects that are sold even before all clearances are in place. There are cases where builders accept bookings, when given profligate delay in getting these, before they [...] 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 »
In a move to bring in relief to the developers, the Ministry of Housing & Urban Poverty Alleviation decided to keep the commercial offices and shops out of the purview of the Real Estate ( Regulation & Development) Bill. According to officials, the bill will only regulate the housing sector. For now, the current draft [...] Continue Reading »
Chandigarh- Real estate developers of Haryana seem to be having issues with the Haryana government’s plan of constituting a real estate regulatory authority. They have requested time from the government for expressing their objections and opinions on the Haryana Real Estate (Regulation and Development Bill), 2013. The Haryana Town and Country Planning Department has prepared [...] Continue Reading »
Bhubaneswar- Real estate developers in Odisha came up with different opinions on the proposed realty regulation bill. Although all sections have given their consent to the proposal of Real Estate Regulatory Authority (RERA), they are dissatisfied with the various clauses and liability provisions in the bill. The proposed bill is expected to be put forth [...] Continue Reading »
The Center has finalized a central law to regulate India’s growing real estate sector and prevent realtors from targeting property buyers through unfair practices. The law ministry has cleared the draft of the Real Estate (Regulation & Development) Bill, proposed by the housing and urban poverty alleviation ministry. The bill proposes the setting up of [...] Continue Reading »
