The new Consumer Protection Act that took effect from July 20 has changed the jurisdiction of the National Consumer Disputes Redressal Commission (NCDRC) to Rs 10 crore from the earlier Rs 1 crore. This means that only homebuyers who have paid an amount in excess of Rs 10 crore can file a case in th... Read more...
The Jammu and Kashmir (J&K) government cleared the way for the formation of a real estate authority in the Union Territory (UT). The Administrative Council, which met in Srinagar under the chairmanship of Lt Governor, G C Murmu, accorded sanction to the draft Jammu and Kashmir Real Estate (Re... Read more...
Real estate regulators are writing to the RBI, seeking one-time debt restructuring for the industry to help developers overcome the liquidity issues, Uttar Pradesh RERA Chairman Rajive Kumar recently said. Industry bodies CREDAI and Naredco have been demanding onetime restructuring of developers ... Read more...
Realty+ Project Of The Day: Hi-Life by VTP Realty, Dange Chowk, Wakad, Pune Spread across 4.5 acres, Hi-Life is a Residential project with 2 BHK and 3 BHK flats in Wakad, Pune, displaying unique hexagonal shaped towers with 20 floors that castle over surrounding buildings. These towers also sh... Read more...
Bhumika Group has announced they will deliver their flagship Mixed-Use project - Urban Square by March 2021 as per initial RERA timelines committed. Urban square is one of the only few projects in Udaipur, where construction has resumed post lockdown and is going as per the scheduled timelines. U... Read more...
Realty+ Project of the Day Atlantis - Hiranandani Gardens Powai By Hiranandani Group Location: Hiranandani Gardens, Powai Hiranandani Group, Creators Of Premium Luxury Homes Launches ‘Boutique’ 2BHK Homes in ATLANTIS Project, Hiranandani Gardens, Powai. Aimed at providing the luxurious... Read more...
Jun 2020 ,
by Realty Plus in News/Views
Homebuyers’ pan-India body, the Forum for People’s Collective Efforts (FPCE), has sought relief from Prime Minister Narendra Modi for homebuyers impacted by various extensions provided to developers that led to additional interest burden for home-owners. The government has advised all RERA au... Read more...
May 2020 ,
by Realty Plus in Interviews
Amit Bhagat, Managing Director and CEO, ASK PIA believes that the direct real estate investments are not advisable due to not-so-liquid nature of investments. What is your overview of the realty sector? Close ended private equity funds with proven track record through cycles are best to op... Read more...
May 2020 ,
by Realty Plus in Interviews
Ram Raheja, Director, S Raheja Realty explains the role of RERA in bringing organizational changes in the realty sector What has the advent of regulatory authority meant for the real estate sector in India? The introduction of RERA act was whole-heartedly welcomed as a great value-add to the rea... Read more...
May 2020 ,
by Realty Plus in Realty+ Connect
Sharad Mittal, CEO, Motilal Oswal Real Estate Fund “The FM has announced a suo moto relief of 6 months for the RERA completion timelines for all projects in all states with an additional window of 3 months that can be granted by the individual state authorities. Considering that proje... Read more...