The Ministry Of Housing And Urban Affairs Releases Report On The Implementation Status Of The Real Estate (Regulation & Development) Act
1 year 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 Report Implementation Report States/UTs with notified RERA rules 30 All except Nagaland States/UTs with established Regulatory Authorities 29 32 States/UTs with established Appellate Tribunals 22 28 States/UTs with operationalized RERA websites 24 30 Real Estate Projects registered under RERA 42,488 1,22,553 Real Estate Agents registered under RERA 33,702 86,262 Complaints disposed off by Regulatory Authorities 20,125 1,20,605 Adjudicating Officers appointed in States/UTs N/A 26 In Conclusion, the 2024 implementation report highlight significant progress in RERA implementation, with increased registration of projects and agents, disposal of complaints, and establishment of regulatory mechanisms nationwide.

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History of this topic

Top 10 states have 1.19 lakh projects under RERA
3 weeks ago

Top 10 states have 1.19 lakh projects under RERA

Deccan Chronicle  

Chennai: The top 10 states have registered 1.19 lakh projects with over 97 lakh units have been registered under Real Estate Regulatory Authority since 2017. Since the operationalisation of RERA, 1.19 lakh projects, comprising 97.14 lakh units, have been registered with top 10 states between 2017 and 2024, according to PropEquity. The top ten States with the highest number of …

RERA update: Can investors approach real estate regulator for stalled commercial projects?
1 month ago

RERA update: Can investors approach real estate regulator for stalled commercial projects?

Hindustan Times  

The Real Estate Act, 2016, is primarily designed to safeguard homebuyers' interests and promote transparency in the real estate sector. Although RERA is often associated with residential real estate projects, it also applies to commercial real estate projects under specific conditions, legal experts say. Legal experts say that RERA's implementation guarantees that construction on new commercial projects can begin only …

Economic stability and infrastructure growth driving real estate demand across the country: Economic Survey
1 month, 3 weeks ago

Economic stability and infrastructure growth driving real estate demand across the country: Economic Survey

Hindustan Times  

The real estate sector has performed well, driven by strong housing and office demand across the country. Economic stability and infrastructure growth driving real estate demand across the country, the Economic Survey tabled in Parliament on January 31 has said. "India's real estate market witnessed robust performance under office demand as well as residential sales driven by economic stability and …

Govt committed to fulfil middle-class people’s dream of owning home: President Droupadi Murmu
1 month, 3 weeks ago

Govt committed to fulfil middle-class people’s dream of owning home: President Droupadi Murmu

Live Mint  

New Delhi, Jan 31 President Droupadi Murmu on Friday said the government is committed to fulfilling the dream of middle-class people to own residential properties and is providing interest subsidies on home loans. Addressing a joint sitting of Parliament, she said the real estate law RERA was introduced to safeguard their dreams. "My government is equally committed to fulfilling the …

For hassled homebuyers, an additional layer of protection from delays, hidden charges, substandard construction
2 months, 1 week ago

For hassled homebuyers, an additional layer of protection from delays, hidden charges, substandard construction

Live Mint  

New Delhi: For homebuyers facing issues such as construction delays, substandard construction or hidden charges in apartment sales, India’s consumer protection watchdog is ready to take up the cudgels on their behalf. India’s Central Consumer Protection Authority plans to collaborate with the Real Estate Regulatory Authority to help homebuyers file complaints, seek compensation, and address unfair contracts with developers, according …

RERA Applications to Be Cleared by Jan. end: Narayana
2 months, 2 weeks ago

RERA Applications to Be Cleared by Jan. end: Narayana

Deccan Chronicle  

Vijayawada: Municipal administration minister P. Narayana has vowed to clear all the pending applications with the Real Estate Regulatory Authority by the end of January. Speaking on the occasion, the minister said that as many as 167 applications with RERA have been pending for different reasons, and 30 people arrived here to get their issues resolved. The minister said the …

Outlook 2025: Emerging trends of real estate sector
2 months, 2 weeks ago

Outlook 2025: Emerging trends of real estate sector

The Hindu  

India’s real estate market is entering a vital phase, with 2025 set to redefine its growth path. As technology reshapes traditional processes, the industry is shifting from being merely a service provider to a tech-enabled growth engine, setting a transformative tone for the real estate outlook 2025. India’s green real estate initiatives include renewable energy integration, water conservation technologies, and …

MahaRERA implements homebuyer-friendly policies in 2024 to boost real estate confidence
2 months, 3 weeks ago

MahaRERA implements homebuyer-friendly policies in 2024 to boost real estate confidence

Live Mint  

The Maharashtra Real Estate Regulatory Authority emerged as a proactive force in 2024, introducing multiple measures to protect homebuyers and enhance trust in Maharashtra’s real estate sector. Ajoy Mehta, who served as MahaRERA chairman until September 2024, launched his book, RERA - A Perspective, shedding light on ongoing challenges within the real estate industry. Landmark Policies Introduced in 2024 In …

RERA transfers incomplete realty project to buyers’ body
3 months, 2 weeks ago

RERA transfers incomplete realty project to buyers’ body

Deccan Chronicle  

Hyderabad: The Telangana Real Estate Regulatory Authority transferred the responsibility of completing the Jayathri Infrastructures’ ‘Jaya Platinum Project’ to the JP Welfare Association, after the company duped people with their pre-launch offers. The developer failed to deliver the project as promised by July 2022 citing vague reasons and financial mismanagement.The misuse of funds was revealed through an engineering inspection report …

RERA update: Uttar Pradesh RERA passes 5 orders to safeguard home buyers’ interests
5 months, 2 weeks ago

RERA update: Uttar Pradesh RERA passes 5 orders to safeguard home buyers’ interests

Hindustan Times  

The Uttar Pradesh Real Estate Regulatory Authority has passed several orders over the last few weeks to protect the interests of homebuyers. UPRERA makes it mandatory for real estate developers to publish project QR codes in all documents shared with buyers With the aim of promoting transparency in the real estate market, UPRERA has said that it will assign a …

RERA Cases Weekly Round Up: August 5 To August 11,2024
7 months ago

RERA Cases Weekly Round Up: August 5 To August 11,2024

Live Law  

Haryana Real Estate Regulatory Authority Haryana RERA Directs Ocean Seven Buildtech To Pay Interest To 15 Homebuyers Of Expressway Towers For Delayed Possession Case – Rameshwar Singh Versus Ocean Seven Buildtech Pvt. Delay Of 8 Years In Handing Over Possession Of Plot, Haryana RERA Orders Vatika Ltd To Refund Case - Dr. Dolly Chopra Versus M/S Vatika Limited Haryana Real …

Economic Survey 23-2024: Nearly 1.25 lakh complaints resolved by real estate regulatory authorities of various states
7 months, 3 weeks ago

Economic Survey 23-2024: Nearly 1.25 lakh complaints resolved by real estate regulatory authorities of various states

Hindustan Times  

As per the 2023-24 Economic Survey tabled by Union Finance Minister Nirmala Sitharaman in the Parliament on July 22, a total of 1,24,947 cases were settled by Real Estate Regulatory Authorities of various states as of July 1, 2024. As of July 1, 2024, nearly 1.25 lakh complaints were resolved by real estate regulatory authorities of various states, according to …

RERA Cases Half Yearly Digest : January -June,2024
8 months, 2 weeks ago

RERA Cases Half Yearly Digest : January -June,2024

Live Law  

Ministry of Housing and Urban Affairs The Ministry Of Housing And Urban Affairs Releases Report On The Implementation Status Of The Real Estate Act 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. Haryana RERA Orders Refund To Homebuyer After Builder's Failure To Hand …

Implement RERA Act Strictly: CM Revanth to Tribunal
9 months, 1 week ago

Implement RERA Act Strictly: CM Revanth to Tribunal

Deccan Chronicle  

Hyderabad: Chief Minister A Revanth Reddy urged the newly-constituted Telangana Real Estate Appellate Tribunal to strictly implement the provisions of the Telangana Real Estate Regulatory Authority in the state. Tribunal chairperson Justice A Rajashekar Reddy, members Palle Pradeep Kumar Reddy and retired IAS officer Chitra Ramchandran met the Chief Minister at the Secretariat on Tuesday. The CM requested the tribunal …

Ensure strict implementation of RERA, says CM Revanth Reddy
9 months, 1 week ago

Ensure strict implementation of RERA, says CM Revanth Reddy

Deccan Chronicle  

Hyderabad: Chief Minister A Revanth Reddy here on Tuesday urged the members of Telangana Real Estate Appellate Tribunal to ensure strict implementation of Telangana Real Estate Regulatory Authority in the State. He requested the Tribunal members that RERA must be implemented effectively and thereby preventing property buyers from duping themselves from the false promises of realtors. After the formation of …

RERA Weekly Round Up – 3 June To 9 June 2024
9 months, 1 week ago

RERA Weekly Round Up – 3 June To 9 June 2024

Live Law  

Karnataka Real Estate Regulatory Authority Case – Devdas Pandurang Shetti & another Versus M/s Mantri Developers Pvt. Uttar Pradesh Real Estate Regulatory Authority Press Note UPRERA/24/May/2024 Uttar Pradesh Real Estate Regulatory Authority Chairman Sanjay Bhoosreddy has expressed strong displeasure over the non-registration of properties belonging to nine allottees of the Alaknanda Project by the Prayagraj Development Authority, despite the UPRERA …

H-RERA to crackdown on unnecessarily delayed constructions
9 months, 2 weeks ago

H-RERA to crackdown on unnecessarily delayed constructions

Hindustan Times  

Eight real estate projects in the city were inspected by chairman of the Gurugram bench of Haryana real estate regulatory authority Arun Kumar on Friday, for checking their construction status. H-RERA officials have reported that they have identified 35 such projects in April which have been granted extensions but the on-ground work has not made satisfactory progression. Every project has …

RERA Weekly Round Up – 27 May To 2 June 2024
9 months, 2 weeks ago

RERA Weekly Round Up – 27 May To 2 June 2024

Live Law  

Maharashtra Real Estate Appellate Tribunal MahaREAT Refuses To Adjudicate Homebuyer's Appeal Due To Ongoing Injunction Issued By Pune Civil Court Case – Kunal Kashyap & another Versus M/S Atul Enterprises The bench of the Maharashtra Real Estate Appellate Tribunal, comprising Justice Shriram R. Jagtap and Dr. K. Shivaji, refuses to adjudicate the homebuyer's appeal concerning registration of a real estate …

RERA Cases Weekly Round Up – 6th May To 12th May,2024
10 months, 1 week ago

RERA Cases Weekly Round Up – 6th May To 12th May,2024

Live Law  

RAJASTHAN REAL ESTATE REGULATORY AUTHORITY Rajasthan RERA Orders Compensation to Homebuyer, Rejects Builder's Contention That Delay Caused Due to ED Investigation Case – Vasudev Takwani & another Versus M/s Riddhi Siddhi Infra Projects Pvt. TELANGANA REAL ESTATE REGULATORY AUTHORITY Telangana RERA Penalizes Builder for Non-Registration of Project, Orders Completion of Construction Case – Sri Madala Bharat Versus M/s Sree Sai …

RERA Cases Quarterly Digest 2024
11 months, 1 week ago

RERA Cases Quarterly Digest 2024

Live Law  

Ministry of Housing and Urban Affairs The Ministry Of Housing And Urban Affairs Releases Report On The Implementation Status Of The Real Estate Act 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. Tamil Nadu Real Estate Appellate Tribunal TNREAT Orders Hiranandani Realtors To …

RERA update: Uttar Pradesh real estate regulatory authority passes 5 orders to safeguard homebuyers' interests
11 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 …

Consumer Cases Weekly Round-up: 11th to 17th March 2024
1 year ago

Consumer Cases Weekly Round-up: 11th to 17th March 2024

Live Law  

National Consumer Disputes Redressal Commission Booking Commercial Space For Self-Employment Business Deemed As Commercial Purpose : National Consumer Commission The National Consumer Disputes Redressal Commission, presided by Justice Ram Surat Maurya and Bharatkumar Pandya, in a complaint against MVL Holding Ltd ruled that commercial space booked for doing business by way of self-employment comes under the definition of commercial purpose. …

Real estate an important contributor to State revenue and growth: Minister Punguleti
1 year 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. …

Haryana RERA warns Gurugram real estate developers of penalty for not filing projects’ progress reports
1 year ago

Haryana RERA warns Gurugram real estate developers of penalty for not filing projects’ progress reports

Hindustan Times  

Haryana’s real estate regulatory authority has asked real estate developers to file Quarterly Progress Reports and Annual Audit Reports without delay to avoid penalties, freezing of RERA accounts and attachment of their properties. Haryana’s real estate regulatory authority has asked real estate developers to file Quarterly Progress Reports and Annual Audit Reports without delay to avoid penalties. The RERA rules …

Housing demand to touch 93 mn by 2036: Credai-Liases Foras Report
1 year, 2 months ago

Housing demand to touch 93 mn by 2036: Credai-Liases Foras Report

Hindustan Times  

Housing demand in the country is projected to touch 93 million by 2036 due to an increase in demand from both urban and rural areas, healthy macro-economic indicators and favourable demographics. Several Tier II and III cities are expected to spearhead both real estate demand and supply, a new report by Credai and Liases Foras has said. The report was …

Real estate regulatory reforms shaping the future
1 year, 4 months ago

Real estate regulatory reforms shaping the future

The Hindu  

For the longest time, the Indian real estate sector remained largely unregulated. To further regulate and monitor the industry and disputes concerning the projects, a state-level Act called the Real Estate Regulatory Authority was introduced. RERA aims to check all the under-construction projects, eliminate unreliable players, maintain quality construction, and bring in stability by reinforcing the industry on key fronts …

Challenges amid changing trends in real estate
1 year, 6 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 …

Complaints in real estate sector come down to 3.5% from 23% post MahaRERA
1 year, 7 months ago

Complaints in real estate sector come down to 3.5% from 23% post MahaRERA

Hindustan Times  

PUNE According to MahaRERA authorities, 36 per cent of real-estate projects which were launched before the setting up of the real estate regulatory authority in the state were mired in various disputes. The complaints against developers have come down post Maharashtra Real Estate Regulatory Authority’s enactment2, the data shared by the regularity authority shows. “ln projects launched pre- RERA, MahaRERA …

Five years after RERA, TS failed to appoint appellate tribunal
2 years, 3 months ago

Five years after RERA, TS failed to appoint appellate tribunal

Deccan Chronicle  

HYDERABAD: While the Centre passed the Real Estate Act, 2016 to regulate and promote the real estate industry the state government has failed to appoint a regulatory authority and an appellate tribunal since five years, in violation of the Real Estate Regulatory Authority and putting buyers and sellers at risk. According to Section 20 of the Act, the state government …

UP-Rera approves 36 new realty projects in September
2 years, 5 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 …

Delhi Development Authority Must Register Projects with Delhi-RERA or Face Action: Official
2 years, 8 months ago

Delhi Development Authority Must Register Projects with Delhi-RERA or Face Action: Official

News 18  

Delhi-RERA chief Anand Kumar has said that the Delhi Development Authority must register its real estate projects with the regulator to protect the interest of property buyers. Those who are in real estate development, whether it is DDA or any other such organisations, must register projects with the regulatory authority, the Delhi-RERA chief further said, adding that it has powers …

Homebuyers in Karnataka on shaky ground as K-RERA yet to build a strong foundation
2 years, 8 months ago

Homebuyers in Karnataka on shaky ground as K-RERA yet to build a strong foundation

The Hindu  

Ananth was looking to buy a house in 2014, when he came across an apartment complex on Begur Road which looked like it was nearing completion. Role of K-RERA It was after a long fight by home buyers that the RERA Act of 2016 was implemented in Karnataka in May 2017. However, home buyers say there is still a long …

RERA to go after new illegal constructions in Chandigarh villages
2 years, 9 months ago

RERA to go after new illegal constructions in Chandigarh villages

Hindustan Times  

The Real Estate Regulatory Authority, Chandigarh, is all set to tighten screws on the unbridled illegal construction activity in the city’s villages. While the older completed constructions, which came up before the enforcement of the RERA Act, are out of RERA’s purview, all new and under-construction commercial and residential projects have to register and get approval from the authority. We …

RERA Act | Under Section 71(1), The Adjudicating Authority Can Decide The Compensation Alone. : Chhattisgarh High Court
2 years, 10 months ago

RERA Act | Under Section 71(1), The Adjudicating Authority Can Decide The Compensation Alone. : Chhattisgarh High Court

Live Law  

The Chhattisgarh High Court recently held that under Section 71 of the Real Estate Act, 2016, the adjudicating authority can decide the compensation alone. The Appellate Tribunal of RERA was not available in Chhattisgarh, as was required under the RERA Act, 2016, to be established within one year. The Court remarked that prima facie, therefore conformant of power on STAT …

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

Five years of RERA: Failures and shortcomings outweigh benefits, say activists
3 years, 8 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 …

Interpretation Of RERA By Courts
3 years, 8 months ago

Interpretation Of RERA By Courts

Live Law  

Real estate sector is one of the core sectors in the economy in terms of its contribution to GDP, employment of labor force and the multiplier effects it has on other vitals of the economy. This issue has surfaced primarily because of proviso of section 3 of the Act which imposes the obligation of registration of the real estate project …

RERA: What India's First Real Estate Regulatory Act Seeks to Achieve And Why It's Necessary
4 years, 2 months ago

RERA: What India's First Real Estate Regulatory Act Seeks to Achieve And Why It's Necessary

News 18  

Minister of Housing and Urban Affairs, Hardeeop Singh Puri in an article on Wednesday wrote, Real Estate Act has transformational provisions, conscientiously addressing issues which have been a constant bane for the sector. The RERA, that came into effect in 2017, seeks to protect the interests of home buyers and also boost investments in the real estate sector. RERA, it …

Online Symposium On Real Estate (Regulations and Development) Act, 2016
4 years, 3 months ago

Online Symposium On Real Estate (Regulations and Development) Act, 2016

Live Law  

The Institute of Advanced Legal Studies is organizing an Online Symposium on Real Estate Act, 2016, on Saturday,12th December 2020. Kanetkar, Advocate Sandeep Gujarathi, Advocate Abhijit Hartalkar, Advocate Leena Kaulgekar, Advocate The discussion will be centred on the basics, important aspects and practical details of RERA, which has revolutionised the Real Estate Sector in India. The symposium proposes to cover …

Consumer Complaint By Allottee Against Builder Not Barred By RERA Act: Supreme Court [Read Judgment]
4 years, 4 months ago

Consumer Complaint By Allottee Against Builder Not Barred By RERA Act: Supreme Court [Read Judgment]

Live Law  

The Supreme Court has held that a complaint before Consumer Fora by allottees against builders is not barred by the Real Estate Act, 2016.In this case, the the complainants who had booked apartments by executing Builder Buyer Agreements in 2013, had approached the Consumer Commission which allowed their complaint and ordered refund of the amounts deposited by each. Before the …

Relief Under RERA In Rajasthan– Real Or Illusory
4 years, 5 months ago

Relief Under RERA In Rajasthan– Real Or Illusory

Live Law  

After the enactment and implementation of the Real Estate Act, 2016, the stakeholders in the real estate sector in Rajasthan have not been able to reap the benefits of the Act. For this purpose, the Act provides for establishment of the Real Estate Appellate Tribunal, the Real Estate Regulatory Authority and appointment of the adjudicating officers. The Real Estate Regulatory …

65% complaints to Punjab real estate regulator are from Mohali district
4 years, 8 months ago

65% complaints to Punjab real estate regulator are from Mohali district

Hindustan Times  

Of 1,572 complaints to the Punjab Real Estate Regulatory Authority, since its inception in September 2017, 65% have been from buyers in Mohali district. In the past one decade, Mohali, particularly the peripheral towns of Zirakpur, Kharar and New Chandigarh, has emerged as the tricity’s development hub with around 500 residential and commercial projects. Since last year, with Greater Mohali …

Central government to issue advisory for real estate stakeholders
4 years, 10 months ago

Central government to issue advisory for real estate stakeholders

Live Mint  

New Delhi: The central ministry for housing and urban affairs said that the impact of the lockdown on the real estate sector will be treated as an event of ‘Force Majeure’ under the provisions of the Real Estate Act, 2016. The meeting saw different stakeholders of the real estate sector including state secretaries, RERA Chairpersons, representatives of home buyers, real …

UP Rera will soon start grading realty projects and developers
4 years, 10 months ago

UP Rera will soon start grading realty projects and developers

Live Mint  

Homebuyers who are planning to buy a house in Uttar Pradesh will soon be able to factor in grades of developers and projects before choosing one. Uttar Pradesh Real Estate Regulatory Authority will soon start grading projects and developers based on various parameters such as financial quality, organizational structure and certifications, track record, compliance adherence and customer feedback. According to …

Real Estate: Housing sales rise 50% in 2018, but liquidity crunch limits recovery
6 years, 2 months ago

Real Estate: Housing sales rise 50% in 2018, but liquidity crunch limits recovery

Live Mint  

New Delhi: Showing signs of recovery, the real estate sector saw almost 50 per cent surge in housing sales in 2018 across major cities on stable rates and demand for affordable flats, but year-end liquidity crisis dashed hopes of a strong growth while homebuyers remained a worried lot over delayed delivery. However, sales may surge in the second half if …

Realty to take a hit as RERA comes to force from Sunday
6 years, 6 months ago

Realty to take a hit as RERA comes to force from Sunday

Deccan Chronicle  

Hyderabad: The much delayed Telangana state Real Estate Regulatory Authority act will come into force from September 1 in the state. Accordingly the fee would be Rs 5 per square metre for projects whose land that was proposed to be developed was below 1,000 square meters and Rs 10 per square metre for projects whose development exceeded 1,000 square metres …

Government committed to resolving problems of home buyers: Union minister Hardeep Singh Puri
6 years, 6 months ago

Government committed to resolving problems of home buyers: Union minister Hardeep Singh Puri

Firstpost  

Hard-earned money of over lakhs of home buyers in Delhi-NCR are stuck because of defaults by developers including Jaypee group, Amrapali, Unitech and The 3C Company in deliveries of their projects on time. New Delhi: Asserting that the government is committed to resolving the problem of home buyers, Union minister Hardeep Singh Puri on Wednesday said that all real estate …

Over 31,000 realty projects under Rera so far, Maharashtra leads race: Report
6 years, 7 months ago

Over 31,000 realty projects under Rera so far, Maharashtra leads race: Report

Live Mint  

Mumbai: As many as 31,500 real estate projects across the country have been registered under Rera so far, with Maharashtra alone accounting for almost 54% of the same, a report said. The Real Estate Act, 2016 came into full force from 1 May, 2017, and all the states and Union territories were supposed to notify their respective Rera rules, create …

No RERA impact? India moves up a spot to 35th on real estate transparency index
6 years, 8 months ago

No RERA impact? India moves up a spot to 35th on real estate transparency index

Live Mint  

Mumbai: India has moved up just one spot in the global real estate transparency index from 36 in 2016 to 35 in 2018, despite the implementation of the Real Estate Act or RERA, according to a report by real estate advisory firm Jones Lang LaSalle Inc.. RERA was implemented in May 2016 to bring accountability and transparency into the sector. …

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