With the deadline of July 31, 2017, for mandatory registration of ongoing projects under the real estate rules, ending, 23 states and union territories (UTs) have either established their permanent or interim regulatory authorities … READ FULL STORY
Maharashtra chief minister Devendra Fadnavis, on June 12, 2017, reiterated that there will be no extension for registration of ongoing projects, beyond July 31, 2017, under the Real Estate Regulatory Authority. “As far as … READ FULL STORY
The Indian real estate sector has been largely unregulated except for a few states like Maharashtra, Uttar Pradesh, Andhra Pradesh, Delhi and Karnataka. Any pro-consumer development was solely a result of judicial activism. This … READ FULL STORY
The Real Estate (Regulation and Development) Act, 2016, popularly known as RERA, came into effect from May 1, 2017, as was originally stipulated a year ago. It is not as if the states have … READ FULL STORY
The union government of India recently notified the rules under the Real Estate Regulation Act, which will be applicable to the five union territories. Now, all the states are expected to notify their own … READ FULL STORY
Addressing the realtors’ apex body CREDAI Conclave, Union Housing and Urban Poverty Alleviation Minister, M Venkaiah Naidu, on March 6, 2017, expressed concern over the skyrocketing land prices in some cities and said it … READ FULL STORY
On November 8, 2016, the Government of India de-notified currency notes of Rs 500 and Rs 1,000 as legal tender. The temporary shortage of cash adversely impacted several sectors that depended on cash, notably … READ FULL STORY
Many within the Indian real estate fraternity, privately admit that the government’s demonetisation drive, has done more damage to the real estate business than even the Lehman Brothers crisis. “The sector has suffered badly, … READ FULL STORY
Union Housing and Urban Poverty Alleviation Minister, M Venkaiah Naidu, on January 17, 2017, asked all states to implement the Real Estate (Regulation and Development) Act, at the earliest. Describing it as one of … READ FULL STORY
While there has been a slump in the market across the country, this is the best time to buy, as sales have started to gather momentum again, says Rohit Raj Modi, VP North, CREDAI … READ FULL STORY
The Indian real estate sector, has witnessed several ups and downs in the 69 years since independence. Despite its long journey, this industry still needs several reforms, while many challenges continue to hinder the … READ FULL STORY
To regulate and promote the housing sector in India, the Government of India implemented the Real Estate (Regulation and Development) Act, 2016. While most Indian states implemented the RERA Act in 2017, West Bengal, … READ FULL STORY
