The Uttar Pradesh assets administrative unit (UP-RERA) has issued a show-cause notice to twenty-two builders and have vulnerable to impose fine of Rs 371 lakhs for not following the order of giving possession on the given date.
Category Archives: Blogs
Major Problem Face by Broker Under the Real Estate Regulatory Authority
The Real Estate regulation and Development Act 2016 is taken action on the real estate agent for the noncompliance. Because of provision, agents and other real estate broker worried a lot in their business due to the major reason such as delays in the submitting the possession of houses , flats , apartments and much …
Continue reading “Major Problem Face by Broker Under the Real Estate Regulatory Authority”
Chandigarh sets up realty regulatory body
The development comes as the central government is set to notify the RERA Act, asking all Union territories to implement the act in the first phase. The city has become one of the first in the country to set up a temporary Real Estate Regulatory and Development Authority (RERA) to address hardships homebuyers face due …
Continue reading “Chandigarh sets up realty regulatory body”
Govt notifies real estate regulatory Act rules for Union Territories
The ministry of urban development is working on similar rules which would be applicable for the National Capital Region of Delhi. The government on Monday has notified the final rules to implement the Real Estate (Regulation and Development) Act, 2016 (RERA) that aims to bring transparency and set accountability in the sector and help in …
Continue reading “Govt notifies real estate regulatory Act rules for Union Territories”
Real estate law: Renewing Hope
RERA will lead to a big shift in the coming yearsbut a lot more needs to be done The green shoots of recovery are visible in the Indian economy. Policymakers have been pro-active in initiating reforms to strengthen the various sectors to augment gross domestic product, or GDP, growth. The initiatives of the Central government …
DLF could look at Tweaking Residential Biz Model post notification of RERA Rules
Real estate firm DLF is waiting for the final rules under the real estate regulatory act to be notified to see how it can tweak its business model going forward, said Saurabh Chawla, senior executive director (finance) at DLF during a call with analysts. “We will have to see if we should run our residential …
Continue reading “DLF could look at Tweaking Residential Biz Model post notification of RERA Rules”