UP RERA Vulnerable To Impose Rs 371 Lakhs Large Integer Fine For Not Giving Possession

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.

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 …

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 …

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 …

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 …

Major Priorities for Builders/Developers

If one takes a close look at the two big factors of real estate, then he would find that government and builders give the major push to it. Of course, buyers have their own significance, but their importance is felt in the reactions whereas actions are made by the authority and the builders. With RERA, …

RERA Affects the Launch of New Projects in Delhi NCR

Real Estate Regulatory Authority of India has already started showing its effect. RERA policies have made it mandatory for the builders to deliver the projects on time. If not delivered on time, they will be penalized and may have to face imprisonment too. While various residential markets across the country showed 7% growth in property …

Rules on Salary Payable to the Chairperson, Members and other Officers in RERA Authority

RERA India is not only a buzzword among buyers and developers but is also of great significance to the Chairperson and Members of Authority. From knowing the selection procedure to the remuneration to the paid leaves, RERA is of great interest among Real Estate Regulatory Authority. The draft rules of RERA related to remuneration payable …