Real Estate Regulatory Authority Bill
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 »
Developers in Maharashtra seem to be apprehensive of the regulatory measures proposed by the state and central government. As the developers already have disclosed their presentiment about the state government’s housing regulatory bill, the presentiment deepens as the centre is now set to introduce its own regulatory authority for the real estate sector. Maharashtra Chamber [...] Continue Reading »
The Union ministry of housing & urban poverty alleviation has prepared the draft of the real estate regulatory bill. The proposal in the draft will encourage the builders to promote clarity regarding the project information. The proposed draft also ensure that builders will concentrate about timely project completion, failing which penalties will be imposed. Failing [...] Continue Reading »
President Prativa Patil declare that the government will propose for a bill to regulate the realty sector. The main aim of this bill will be to make the builders bound to comply public disclosure. The bill should introduce clarity and protect the realty customers right. The bill also says that builders should invest funds for [...] Continue Reading »
With the apex court upholding the judgment of Allahabad High Court and with more land owners joining issue, more instances of land being acquired under the emergency clause of the Land Acquisition Act are coming to light. Builders and consumers, who have been at the receiving end, are already at loggerheads. For about seven years [...] Continue Reading »
