The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) plans to utilise artificial intelligence (AI) in its quasi-judicial processes in e-Courts, to simplify complaint filing for consumers, according to media reports. Officials said that … READ FULL STORY
Most Indian states have their real estate sector regulated under the Real Estate (Regulation & Development) Act, 2016. The RERA Goa rules were notified on November 24, 2017 and the state government launched the … READ FULL STORY
The National Capital Region (NCR) comprises of the entire NCT of Delhi, eight districts of Haryana, one district of Rajasthan and five districts of Uttar Pradesh. With real estate developments witnessing rapid growth in … READ FULL STORY
Those planning to invest in under-construction properties in Maharashtra must invest only in a MahaRERA-registered housing project for the safety of their investment. The question is, how does one search for a registered project … READ FULL STORY
Even though India’s much-touted Real Estate (Regulation & Development) Act, 2016, or RERA Act became a law nearly five years back, some states have shown little progress in implementing this pro-home buyer legislation. The … READ FULL STORY
After the implementation of the Real Estate (Regulation and Development) Act (RERA), home buyers are optimistic that the new law will protect their interests. However, the moot question is, whether people know how to … READ FULL STORY
Maharashtra minister Jitendra Awhad, on March 3, 2020, said that the government will create a stock of 30,000 units under an affordable housing scheme. The scheme will begin on May 1, 2020 and will … READ FULL STORY
On November 6, 2019, the union cabinet approved the setting up of an Alternative Investment Fund Category-II (AIF), to provide priority debt financing of up to Rs 25,000 crores, for completing stalled housing projects … READ FULL STORY
The Real Estate (Regulation and Development) Act, 2016, is a landmark legislation in the history of Indian real estate. It is a comprehensive statute that establishes the Real Estate Regulatory Authority, to regulate the … READ FULL STORY
An association of home buyers has approached a Delhi court, seeking prosecution of a real estate company and its officials under the stringent law MCOCA, to curb ‘organised crime’ in the real estate sector. … READ FULL STORY
Self-redevelopment of old, dilapidated housing projects in cities like Mumbai is a much-talked-about phenomenon and is rapidly catching on, because it is in many cases a practically possible proposition. Self-completion of stalled projects is, … READ FULL STORY
On May 1, 2017, all 92 provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA or the Act) were brought into force. The Act has introduced new obligations on real estate developers … READ FULL STORY
The Ministry of Housing and Urban Affairs (HUA) has urged the Ministry of Finance to create ‘Stress Funds’ to complete stalled housing projects, to bring relief to home buyers in Noida and Greater Noida. … READ FULL STORY
