A Public Interest Litigation (PIL) has been filed in the Supreme Court by lawyer Vivek Narayan Sharma, claiming that in the new Insolvency and Bankruptcy (IB) Code, 2016, the home buyers are not included … READ FULL STORY
Often, more laws lead to greater red tape and their improper implementation defeats their very purpose. In the recent past, the government has unveiled several new regulations that affect the real estate market. For … READ FULL STORY
Bengaluru’s residential real estate market was ranked second, in total residential launches in India with about 13,400 new unit launches, post RERA, in H1 2017. However, the market faced a notable drop of 23 … READ FULL STORY
The Supreme Court, on September 4, 2017, asked the Bombay High Court to decide within two months, the pleas challenging the validity of the Real Estate (Regulation and Development) Act (RERA), which are pending … READ FULL STORY
While dismissing the bail plea of one of the arrested directors of real estate firm AMR Infrastructure Limited, a special court said that “Any builder/developer who dupes by inducing, alluring, painting false pictures, selling … READ FULL STORY
The central government, on August 30, 2017, asked the Supreme Court to transfer the various petitions against the Real Estate (Regulation and Development) Act (RERA), pending before different high courts, to the Delhi High … READ FULL STORY
It is a common belief that making property investments on auspicious days, like Ganesh Chaturthi, will lead to appreciation in the value of the asset. Moreover, buying a property often involves one’s life savings. … READ FULL STORY
Hundreds of residential projects, promised to be handed over to home buyers this year, have suddenly witnessed a leap in delivery timelines in the wake of the Real Estate (Regulation and Development) Act (RERA), … READ FULL STORY
Shapoorji Pallonji Real Estate is planning to launch at least six projects in the financial year 2017-18, with two of these projects under the ‘Joyville’ brand to build affordable homes, the group has announced. … READ FULL STORY
MahaRERA chairperson Gautam Chatterjee, recently revealed that the state regulator had received 30 complaints so far, on which the hearing process had started. “These complaints mainly pertain to delays in project completion,” Chatterjee said, … READ FULL STORY
Over the last one year, property rates have witnessed dramatic fluctuations, due to reasons like the demonetisation drive and the introduction of laws like the Real Estate (Regulation and Development) Act (RERA), the Goods … READ FULL STORY
The West Bengal Housing Industry Regulation Bill 2017 was passed by the state assembly, on August 16, 2017, although it missed the July 31 deadline by the centre, for adoption of the Real Estate … READ FULL STORY
Abhinav Kanchan works with a reputed developer from Bangalore. Consequently, he understands the importance of buying a home from a credible developer. Therefore, seven years ago, he booked a flat in Noida in Jaypee … READ FULL STORY
