Intent of Disapproval has no nexus to proceed with the construction and it cannot be equated with Commencement Certificate, it is only a stage before obtaining a Commencement Certificate.
In this article we are going to discuss that the enactment of RERA Act, 2016 going to give some relief to redevelopment of housing societies or not.
Last year, the government had declared the much-awaited watchdog for the real estate sector i.e. Real Estate (Regulation and Development) Act, 2016 and now the picture of this sector is completely upside down.
The commission of RERA and thereby regulating the real estate sector has led to great transformation within the market.
With the introduction of Real Estate Regulation and Development Act, 2016, the market condition has completely been changed for Real Estate Sector now.
The finance minister will create Union Budget 2018-19 in a way that would support the economy and guarantee GDP development at a higher rate when contrasted with 2017-18
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has proved to be of great advantage for homebuyers.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has created a forum of 33 conciliators to set up 15 groups containing two individuals each
After the Enactment of Real Estate Regulation and Development, Act 2016, the calculation method for calculating carpet area has been changed.
The Indian real estate sector, has observed a lot of reforms, more so after the institution of the RERA Act, 2016 and GST.