Expert RERA Consultants
According to the Real Estate (Regulation and Development) Act, 2016, (RERA) all the state governments were to put in place the Act’s rules and regulations for their respective states by 31 October. But the deadline was missed by most states. On 23 November, the Ministry of Urban Development finalised the general rules and regulations for …
Continue reading “New real estate rules under RERA finalised for Delhi”
BENGALURU: Real estate brokers in Karnataka, hit by slowdown and demonetisation, fear that the new draft state Real Estate Regulator Act (RERA) will make their business unviable, with some even apprehending the prospect of a closure. The government expects an agency to pay a proposed registration fee of Rs 5 lakh in the city and …
Continue reading “RERA: Property broking market in Karnataka may be hit by high agency fees”
Union urban development ministry finalises new realty rules under the latest law passed by the Parliament There is good news for homebuyers in Delhi. The Union urban development (UD) ministry on Wednesday finalised the rules to make the landmark Real Estate (Regulation and Development) Act operational in the national capital. The law will not only …
States led by UP and Gujarat have begun diluting provisions of the Real Estate (Regulation & Development) Act, which notify the rules for regulation of the sector. Both states have let off most ongoing real estate projects which have been delayed for long and remain a worry for thousands of home buyers awaiting delivery. While …
The Noida authority on Tuesday said it has stopped accepting builders’ occupancy certificate applications for group housing buildings without the required documents, as laid down under the Uttar Pradesh Real Estate (Regulation and Development) Rules, 2016. The Noida authority on Tuesday said it has stopped accepting builders’ occupancy certificate applications for group housing buildings …
Continue reading “Occupancy certificates to be processed by Noida under new RERA rules”
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”
