Around 70 per cent of consumers are aware of realty law RERA and five out of six homebuyers seek grievances redressal through this legislations, according to a survey by Omidyar Network India and Boston Consulting Group. However, the report pointed out that the implementation of the grievance redre... Read more...
Bhoumick Vaidya, Partner and Nishi Bharatiya, Associate at Shardul Amarchand Mangaldas & Co. Enforcement of orders under the Real Estate (Regulation and Development) Act, 2016 The Real Estate (Regulation and Development) Act, 2016 (“RERA”) was enacted with an objective to duly protect ... Read more...
NAREDCO Maharashtra officials share their views on the launch of Ambarnath-Badlapur unit in Maharashtra which is becoming an affordable housing destination in the state, The reasons for launching the new Naredco unit of Ambarnath-Badlapur Ashok Mohanani - President, NAREDCO Maharashtra, “Thi... Read more...
Real estate developers have requested the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) to grant them an additional 12 months to complete projects and comply with various RERA orders as a result of the second wave of Covid-19 cases. The developers raised their grievances and made vario... Read more...
The Bangalore Development Authority (BDA) notified a steep hike in property tax, double at the very least, delivering a weekend shocker to Bengalureans struggling to cope with post-Covid hardship. Although slabs of the additional maintenance fee are uniform across BDA layouts, the impact on sit... Read more...
Amidst the second wave of the pandemic, Mapsko, a leading real estate developer, sold 20 odd Units of its project- Mapsko Mountville in Gurgaon, during the lockdown period in the 3BHK and 3.5BHK configurations. Located in Sector 79, Gurgaon, Rera Approved Mapsko Mountville is well-connected via S... Read more...
The Confederation of Real Estate Developers' Associations of India released findings of its first ever industry survey conducted across North, East, West and South zones between 24th May and 3rd June, 2021, to assess the impact of second wave of COVID-19 on real estate sector in India. Conducted wit... Read more...
The Forum for People’s Collective Efforts (FPCE), a group that campaigned for the enactment of the Real Estate (Regulation and Development) Act, said the regulation has failed to meet the expectations of scores of homebuyers whose investments were stuck in ongoing housing projects. Enacted five... Read more...
Subhankar Mitra, Managing Director, Advisory Services (India), Colliers. About 28% of urban India lived in rented houses, according to Census 2011. The number has gone upward over the last decade because of rapid urbanization, which far outpaced the supply of affordable dwelling units in the cities... Read more...
Housing and Urban Affairs Secretary Durga Shanker Mishra addressing realtors body NAREDCO said the government will look into various demand of the real estate industry, including an extension of timeline for completion of projects by 6-9 months. He highlighted various initiatives taken by the govern... Read more...