the real estate brokers are giving their feet some rest, as they are no such deadline for them but in the same line they can only deal in with RERA registered projects.
MahaRERA allowed developers to advertise and market their on-going projects till the end of 90 days from the date of notification of the Act i.e. till July 31st but after that, they have to register themselves
The letter states, “If the rules are not notified under the Act immediately and the Regulatory Authority established by July 2017,
1st of May 2017 marked as a revolutionary date in the history of Real Estate sector as on this date “The Real Estate (Regulation & Development) Act” had come in force.
The Government of Tamil Nadu has missed the deadline for the assurance of RERA Rules although a draft copy has been released which is subject to ratification.
Some amendment is expected with inclination of buyer in the Urban Real Estate market in the country towards the second half of 2017.
Confederation Real Estate Developers Association of India (CREDAI), Bhopal, anticipate around 6% rise in cost of project after GST.
RERA Authorities has prescribed a simple and transparent procedure for registration of Real Estate Projects and Agents.
Madhya Pradesh is well known as the “Heart of India” not only for its unique culture and its rich natural resources but also for its electric governance system.
Gujarat is a city of big builders and developers requires a glance of RERA rules implication in Gujarat. Let us provide some update on this.