UP RERA records increase in registration of new projects post Covid recovery
2 years, 9 months ago

UP RERA records increase in registration of new projects post Covid recovery

Hindustan Times  

Lucknow: The Uttar Pradesh Real Estate Regulatory Authority has registered increase in registration of new projects in the last four months. UP RERA On Friday, the UP RERA authorities pointed out that in the last four months starting from November 2021- February 2022, the regulatory authority has received 116 applications for registration of new projects on its website. During four months prior to the first wave of Covid-19, starting from December 2019 to January, February and March 2020 when there was normalcy, 68 applications were received for registration of new projects. “The increasing trend in registration of new projects is clear indication that the real estate sector in the state is gaining momentum and returning back on track,” said the UP RERA.

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RERA update: Uttar Pradesh real estate regulatory authority passes 5 orders to safeguard homebuyers' interests
8 months, 3 weeks ago

RERA update: Uttar Pradesh real estate regulatory authority passes 5 orders to safeguard homebuyers' interests

Hindustan Times  

The Uttar Pradesh Real Estate Regulatory Authority has passed several orders over the last few weeks to protect the interest of homebuyers. The RERA Authority has also directed real estate developers to print the QR code loaded project registration certificate and display it at a prominent place in its office and the project site marketing office so that it is …

The Ministry Of Housing And Urban Affairs Releases Report On The Implementation Status Of The Real Estate (Regulation & Development) Act
9 months ago

The Ministry Of Housing And Urban Affairs Releases Report On The Implementation Status Of The Real Estate (Regulation & Development) Act

Live Law  

The Ministry of Housing and Urban Affairs has released the implementation status report of the Real Estate Act, 2016, commonly known as RERA, in India. 32 states/UTs have established Real Estate Regulatory Authorities. The top five states with the highest number of disposed cases under the Real Estate Act are Uttar Pradesh, Haryana, Maharashtra, Madhya Pradesh, and Gujarat. Category Implementation …

Real estate an important contributor to State revenue and growth: Minister Punguleti
9 months, 2 weeks ago

Real estate an important contributor to State revenue and growth: Minister Punguleti

The Hindu  

The State government accords priority to the real estate sector as an important contributor to the State revenue and growth, Minister for Revenue and Housing Ponguleti Srinivas Reddy said on Friday. Speaking at the inaugural event of the three-day property show organised by the Confederation of Real Estate Developers’ Associations of India here, Mr. Srinivas Reddy said Chief Minister A. …

Surging demand, soaring sales to keep real estate under arc lights in 2024
11 months, 3 weeks ago

Surging demand, soaring sales to keep real estate under arc lights in 2024

The Hindu  

India’s housing market defied logic this year to register all-time high sales as home buyers snapped up deals despite a jump in asking prices and the highest interest rates in six years. The real estate industry saw record sales of residential properties in terms of both volumes and value, real estate market data showed as consumers are increasingly buying into …

Challenges amid changing trends in real estate
1 year, 3 months ago

Challenges amid changing trends in real estate

The Hindu  

The real estate sector has been grappling with a lot of challenges in the past few years. Even though real estate is the second biggest employment in India and contributes to 7% of the GDP, it still doesn’t have an industry status. Top banks and financial institutions have reduced their exposure to the real estate sector making it difficult for …

UP-Rera approves 36 new realty projects in September
2 years, 2 months ago

UP-Rera approves 36 new realty projects in September

Hindustan Times  

The Uttar Pradesh Real Estate Regulatory Authority received 36 applications to register new residential and commercial realty projects in the month of September. UP-Rera approves 36 new realty projects in September According to the rules, a developer is required to register any new project with the authority and obtain a registration number before beginning construction work. Earlier, 70% of new …

Planning To Buy New House? Refer To This Checklist By Experts; Know Noida, Gurugram Prices
2 years, 3 months ago

Planning To Buy New House? Refer To This Checklist By Experts; Know Noida, Gurugram Prices

News 18  

Checklist for New Homebuyers: Buying a new house is an uphill task for people as a number of factors have to be taken care of before closing the transaction — from fixing a budget to legal work to deciding the best location, among others. RERA helps the buyer to know any builder’s track record in terms of whether the developer …

Why real estate revival is pegged to economic recovery
3 years, 5 months ago

Why real estate revival is pegged to economic recovery

India Today  

If there was any hope of recovery for the real estate sector, it was set back by the second wave of Covid-19. According to a report by brokerage firm PropTiger, home sales in eight key real estate markets fell 16 per cent in the April-June quarter this year, compared to a year ago. Real estate consultant Anarock says that despite …

Five years of RERA: Failures and shortcomings outweigh benefits, say activists
3 years, 5 months ago

Five years of RERA: Failures and shortcomings outweigh benefits, say activists

The Hindu  

It has been five years since the Real Estate Act, 2016 was enacted in the country. However, its failures and shortcomings outweigh its benefits by a wide margin in the State, says the Forum for People’s Collective Efforts which has been at the forefront of the movement for RERA even before the Act was enacted. “We need to ask a …

Sales of affordable homes improving; signalling recovery in real estate sector: Economic Survey
3 years, 10 months ago

Sales of affordable homes improving; signalling recovery in real estate sector: Economic Survey

The Hindu  

The COVID-19 pandemic affected the residential property market during the April-June period last year but sales have improved in affordable homes segment since July onwards, reflecting economic recovery in the real estate sector, according to the Economic Survey. The NHB-RESIDEX captures two housing price indices — HPI@ Assessment Prices and HPI@ Market Prices - Under Construction Properties based on the …

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