In protest against builders under the Real Estate Regulatory Authority (RERA) consumers established their own forum “Fight for RERA” comprising of homebuyers. The forum touts the RERA Authority not to grant stretch to builders who have already delayed their projects. The forum feels that any further stretch will violate the said RERA Rules. It was … Continue reading “Consumers want “No Stretch for Builders” in Delayed Projects”
Tamil Nadu has seen the registration of 223 housing projects under Real Estate Regulation and Development Act (RERA) until November 22, 2017. Tamil Nadu notified the RERA Rules on June 22 this year and sooner its authority came into force as Tamil Nadu RERA Authority (TNRERA). As per TNRERA Rules, new housing projects with a … Continue reading “Tamil Nadu sees Registration of 223 Housing Projects”
Maharashtra Real Estate Regulatory Authority (MahaRERA) laid off a complaint of a home buyer seeking refund of his money after he cancelled the booking on his own. The homebuyer booked a flat in Thane (W), Mumbai and later on cancelled the booking on his own. The buyer is now claiming for a refund. The respondent … Continue reading “If homebuyer cancels the Booking, Developer will not be liable for Refund”
Recently, as per a property report number of unsold housing units lapsed to 6.85 Lakh across 7 cities. The national capital region (Delhi-NCR) has the maximum number of untaken units at 2 lakh, although the number has declined by 12,000 units from the September quarter of 2016. Greater Noida has maximum share of unsold inventory, … Continue reading “Number of unsold housing units lapsed to 6.85 Lakh across 7 cities”
The push for under-construction projects comes at a time when most real estate firms are focusing on ready properties after implementation of RERA in May Mumbai: As home buyers switch preference to ready-to-move homes to escape tax on under-construction properties, builders have started rolling out discounts and promotions to lure them back. Buying properties under … Continue reading “Realty firms roll out discounts to woo buyers for under-construction projects”
This article is going to shed some light on the list of the frauds by the builders. These frauds have become the front pages’ news and buyers are now in fear that what if they face the same issue.
The State Government of Uttar Pradesh has beefed up to provide abetment to the bankrupt homebuyers who have invested their life’s saving.
The letter states, “If the rules are not notified under the Act immediately and the Regulatory Authority established by July 2017,
As GST (Goods and Services Tax) Council still prolongs to meet to fix rates and streamline rollout procedures for the new tax regime, people are still bewildered whether under GST property rates will access or not ?
As per section 3 & 4 of ‘Real Estate (Regulation & Development) Act, 2016 readwith rule 4 of above Rules, for the real Estate projects that are ongoing
As per central government recent press release, it is clarified that no developers shall be allowed to market their projects without getting registration under Real Estate Regulatory Authority (RERA).
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