The Maharashtra Real Estate Regulatory Authority (MahaRera) has floated a consultation paper for the implementation of a grading system for real estate projects. This move is designed to ensure that homebuyers receive residences of … READ FULL STORY
December 4, 2023: The Uttar Pradesh Real Estate Regulatory Authority (UP Rera) on December 1, 2023, issued notices to 130 promoters across the state for violating norms related to advertisement of registered real estate … READ FULL STORY
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
November 29, 2023: The Delhi Real Estate Regulatory Authority (RERA) withdrew the order that it issued on September 11, 2023 directing sub registrars not to register properties violating the Unified Building Bye Laws (UBBL) … 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 23, 2023: Following a NCT of Delhi Real Estate Regulatory Authority (RERA) order, sub-registrars in Delhi have been asked to stall registrations of properties in the national capital. According to the Delhi 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
November 22, 2023: The real estate regulatory authority of Maharashtra (MahaRERA) on November 20, 2023 suspended registration of over 248 realty projects. This also includes three projects that were to be developed by the … READ FULL STORY
The Uttar Pradesh Real Estate Regulatory Authority (UP Rera) has imposed penalties on more than 1,000 promoters for not submitting the Quarterly Progress Report (QPR) properly. The authority has directed these promoters to promptly … 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
