November 29, 2023: Citing a recent Maharashtra Real Estate Regulatory Authority (MahaRERA) circular that indicates that a developer can only deduct 2% of the entire property amount in the case of booking cancellation by … READ FULL STORY
The Real Estate (Regulation and Development) Act, 2016, (RERA) came into effect from May 1, 2016 to safeguard the interests of homebuyers and promoters. There are 92 sections that are notified under the RERA … READ FULL STORY
November 22, 2023: Updating or uploading the Quarterly Progress Report (QPR) of a registered real estate project is one of the most important functions of the developer who has registered his project with the … READ FULL STORY
The Real Estate (Regulation and Development) Act, 2016 (RERA) obligates developers in India to rectify structural faults in a housing project on his own expense. The time cap to completely rectify such defects under … READ FULL STORY
A real estate agent is a professional representing buyers and sellers in the real estate industry. To register or to become a real estate agent, one must fulfil certain criteria and guidelines issued by … READ FULL STORY
The Indian residential real estate market has undergone significant transformations in recent years. One notable trend is the increasing preference for ready-to-move-in (RTMI) housing properties. Our latest consumer survey findings denote that 59 percent … READ FULL STORY
Non-resident Indians (NRIs) have been increasingly investing in luxury real estate in India. In 2022, NRIs invested US$ 13.1 billion in the Indian real estate market and this number is expected to increase by … READ FULL STORY
September 28, 2023: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued an order directing nine Pune homebuyers to execute cancellation deeds after being found guilty of violating section 19(6) of the Rera Act. … READ FULL STORY
Property investments are highly capital intensive and any mistake made during the process, can cause a great deal of trouble for the buyer. This makes it imperative for a buyer to exercise due caution … READ FULL STORY
September 25,2023: In a bid to prevent multiplicity of proceedings and contradictory judgments on the same issue between the same parties, a complaint filed under the Real Estate (Regulation and Development) Act (Rera) cannot … READ FULL STORY
Hyderabad has achieved a completion rate of 74% in housing projects launched after the implementation of the Real Estate Regulatory Act (Rera). Out of a total of 110 projects launched in the city between … READ FULL STORY
September 1, 2023: The insolvency and bankruptcy code (IBC) should be used as the last resort to resolve cases pertaining to struck housing projects, a government panel has recommended. The committee, which was constituted under … READ FULL STORY
August 25, 2023: The Kerala Real Estate Regulatory Authority (Kerala RERA) has introduced a Quick Response code (QR code) for each Kerala RERA project. From September 1, 2023, promoters must display a QR code … READ FULL STORY
