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IMPACT OF RERA
Construction costs up 25% since global conflicts began, developers flag material shortages: CREDAIConstruction costs have surged over 25 percent due to global conflicts. Supply chain issues, labor shortages, and rising material prices ar...- Homebuyers get relief from MahaRERA: Conditional OC not enough, Builder liable to pay compensation if it fails to fulfil all conditional OC termsMahaRERA has emphasized that a conditional occupation certificate isn’t the end of the road. Builders are obligated to satisfy any outstand...
- Real estate project registrations decline in 2024 after two-year boomReal estate project registrations dropped to 19,760 in 2024 from the previous years due to developers' caution after a bull run. With price...
- RERA Impact: Homebuyer wins Rs 2.26 crore compensation after a 10-year delay in possession of flat; Know which legal rules helped himRERA: The Haryana Real Estate Regulatory Authority (HARERA) recently held a builder liable to pay interest compensation to a homebuyer who ...
- No RERA registration unless a property meets this eligibility in Maharashtra, clarifies MahaRERARERA: Maharashtra Real Estate Regulatory Authority (RERA) has laid out new clarifications about which projects are to be eligible for RERA ...
- Developers urge govt to review construction ban, exempt real estate projectsA delegation of developers met Bhupender Yadav, Minister ofEnvironment, Forest and Climate Change and said construction and demolition acti...
- Developers request UP RERA to give extension to real estate projects impacted by Covid-19The developers have also demanded that the recovery proceedings on account of delay in compliance of orders, be kept suspended for further ...
- MoS Hardeep Singh Puri agrees to set up central database for Real Estate Regulatory AuthorityThe minister also talked about how the important changes of covering ongoing and commercial projects mar reducing the threshold to bring it...
- Maharashtra RERA: No advertisement expenses in construction costsAmended RERA rules ensure there is more money available for completion of projects.
- MahaRERA orders ‘remain on paper’Some consumers said issuing orders without ensuring their execution was inconsequential. MahaRERA led the country in terms of disposal of c...
- Consumers’ body wants govt to bring projects for revamp under MahaRERAMumbai Grahak Panchayat on Dec 31, 2018 wrote to CM Devendra Fadnavis to bring more than 6,000 redevelopment projects in the three cities u...
- How much has RERA helped home buyers in last one year?While Rera has made realty transactions transparent, its reach is currently limited to just a few states.
- Decision to buy a home hinges on one's priorities: Surendra Hiranandani, House of HiranandaniApart from the inherently higher cost, the selection of properties in the ready houses is limited as compared to ongoing projects.
- Over 40% developers have no formal process in place to comply with RERA: SurveyIt further revealed that nearly 80 per cent of the board/senior management are using common methods like excel based MIS reporting to revie...
- Few RERA offices, portals: Home loans may be hitStates and regions, including the NCR, Andhra and Telangana, have been slow in implementing RERA despite notifying the Act, bankers said.
- 21 states & UTs notify RERA rules; just 2 appoint permanent regulators: GovtReal estate projects which don't get registered with their respective RERA till July 31 will not be allowed to sell after the deadline.
- RERA to keep corrupt builders on a tight leash in PunjabWhile July 31 has been fixed as the deadline for implementation of Rera, Punjab is still in the process of setting up the authority under t...
- Will RERA impact real estate prices?The large amount of inventory overhang in the system, will probably keep the price rise at bay till the supply gets over.
- RERA will push construction cost by 10 per cent, says CredaiRERA mandates builders to keep 70% of the collection from sales proceeds in an escrow account leaving less flexibility to utilise the proce...
- RERA fears make PE firms and strategic investors tweak realty contractsThe fear is that under RERA, they can be labelled as developer and may have to face strict penalties for any violation of rules by the proj...
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