Expert RERA Consultants
Around 40% of buyers/builders felt that implementation of RERA would help in timely delivery of projects since 70% of the sales proceeds will be set aside in an escrow account by developers and also eliminate non-serious players from the sector, says a new survey. Many real estate developers say RERA legislation is a step in …
Continue reading “Buyers hopeful of timely possession after RERA”
The conventional thinking to real estate capital, which was dependent on landowner joint venture, pre-sales and customer advances, now has gone. Developers are reclining to other funding routes by entering into HNIs and corporate tie-ups.There is an excessive need for capital, which has been forced on the back of deceleration in sales compared to the …
Continue reading “The conventional thinking to real estate capital”
The Real Estate Regulatory and Authority (RERA), has always been praised as a progressive provision, but certain state laws are much wide in range.The Real Estate (Regulation and Development) Act, 2016 has received Presidential acceptance on March 25, 2016. It intends to bring more lucidity and security in the market for the customer of residential …
Continue reading “Is RERA having an overriding effect on state laws?”
The highly anticipated Real Estate Regulatory Bill has arrived. Under this bill, the government of India is planning to establish RERA (Real Estate Regulatory Authority). The guidelines in RERA act are promising to uplift the current scenario. It seems that the government has finally found the solution of the ever-present real estate problems in India. …
Continue reading “Balance of interests between Buyers and Builders is key to RERA”
Current estimates suggest structured debt investments now command approximately 18%-25% interest cost on residential projects Return on private equity (PE) investments is set to decline as the Real Estate Regulatory Authority (RERA) takes effect, according to industry experts. Making projects RERA compliant will erode profit projections, forcing PE fund managers to re-calibrate potential income from …
Continue reading “As Real Estate Regulatory Authority bites, PE investment returns to fall”
The much maligned real estate sector of India has exploited the home buyers to a large extent. To protect the interest of the buyers, Real Estate Regulatory Authority is being formed. The RERA 2016 bill was passed by the parliament in March 2016. The Ministry of Housing has updated the draft rules for RERA India. …
Continue reading “Are the provisions under RERA 2016 Act sufficient for ongoing projects?”
