RERA: Conceptualization of Transparency & Efficiency in Real Estate Sector
A true picture of RERA shows that RERA is an all – embracing protector and promoter of the real estate sector including the developers and real estate agents.
Search Results for: interests of home buyers
Be Aware RERA May Push-up Your Cost
Buyers will get a more transparent property search, sourcing and purchase experience with the legislation being followed in letter and spirit.
Timely Filing of Claims in case of Real Estate Projects undergoing CIRP
At the initiation of CIRP when a public notice is issued under Section 15, claims of creditors are invited; but in some scenarios in real estate cases, homebuyers are often unable to take note of the public announcement of CIRP owing to different factors.
REMEDIES FOR THE RESIDENT WELFARE ASSOCIATION, IF THE BUILDER IS NOT PAYING THE MAINTENANCE
The Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted in India to regulate the real estate sector and protect the interests of homebuyers.
Navigating the Evolving Landscape of RERA Laws: A Present Perspective
In recent years, Real Estate Regulatory Authorities (RERAs) have emerged as key players in shaping the real estate sector, ensuring transparency, accountability, and protecting the rights of homebuyers. Real Estate Regulatory Authorities were established to regulate and promote the real estate sector, with the primary objective of safeguarding the interests of homebuyers and promoting fair practices within the industry.
SPECIAL REMEDIES UNDER RERA
Real Estate Regulatory Authority Act, 2016 (hereinafter referred to as “RERA Act”) basically aims to bring efficiency and transparency to the real estate industry, and one of the main priority to protect the interest of the buyers in the real estate sector.
AFFORDABLE HOUSING POLICY IN INDIA: BRIDGING THE SHELTER GAP
Affordable housing remains a pressing concern in India, where a significant portion of the population grapples with inadequate housing conditions and homelessness.
How to Send a Legal Notice to Tenant to Vacate Premises in India
As a landlord, if you find yourself in a situation where you need your tenant to vacate the premises, sending a legal notice can be the appropriate first step.
Specialization and Activity: Unravelling their Impact on Real Estate Market Results
The impact of real estate agent specialization and activity level on market outcomes is significant. Specialization allows agents to develop expertise in their chosen field, leading to better-informed decisions and improved market outcomes for clients.
Real Solution for Real Estate Insolvencies
The major challenges in the insolvency resolution of real estate companies arise from the peculiarities of this sector, especially since the divergent interests of the allottees of the real estate projects do not align with the scheme of the CIRP.
The best time to file a case under RERA is NOW
RERA was implemented to acknowledge and solve discrepancies and issues of home buyers. By establishing rules for the sale of real estate and requiring developers to adhere to certain criteria, it protects the interests of homebuyers.
Unveiling The Dark Side of Subvention Scheme
Subvention schemes, brings to light incidents of harassment, and analyses how fraud continues to exist in the market despite regulatory interventions such as the NHB decision to end subvention schemes.
Section 8 of RERA: Obligation of Authority consequent upon the lapse of or on the revocation of registration.
Section 8 of the RERA is an essential clause that guarantees the protection of homebuyers’ interests in the event that the registration of a real estate project is canceled or expires.
Allottees can file joint (representative) complaint against builder if grievance is same?
If a buyer is dissatisfied with the RERA Authority’s judgement, he or she may file an individual appeal or a buyers’ group may file a collective appeal with the RERA Authority.
UP RERA Extend Delivery Date by Nine Months
UP RERA, considering the surge of Covid-19 and restrictions imposed on construction due to an increase in pollution, has extended the registration of the projects, by default, for which no promoter has to file an application before the Authority.
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