Amidst the revival of the real estate sector, Anand Kumar, Chairman of NCT of Delhi RERA, has underscored the imperative for real estate developers and agents to register under RERA. During the second Management Development Program convened by National Real Estate Development Council (NAREDCO), he emphasised there is a need to bring transparency and facilitating … Read more
FY24 was an interesting year with strong gains across markets caps and sectors. While the Nifty 50 Index was up 29%, the Midcap Index was up 60%, the Smallcap Index was up 70%, Nifty 500 Index was up 39%. The best performing sector was Realty, with the Nifty Realty sector gaining 133%, coincidentally this was … Read more
Irfan Razack, CMD, Prestige Group, says “the way the sales have happened in the last few quarters, the pressure is on us to launch more because the inventory is almost nil and so if I do not bring a new product into the market, we will not be able to get the top line sales. … Read more
India has decided to assess the reasons for non-compliance of orders issued by various chapters of the Real Estate Regulatory Authority (Rera) that was set up to ensure protection to troubled homebuyers. A committee including homebuyers and realty developers will be formed to examine different orders that have been passed by the state-specific authorities, but … Read more
A separate law made by the West Bengal government in 2017 to regulate real estate sector could not withstand scrutiny in the Supreme Court which on Tuesday said it was “repugnantâ€? to Centre’s Real Estate (Regulation and Development) Act (RERA) for having same subject and overlapping provisions. The constitutional principle of “repugnancy”, which primarily deals … Read more
MUMBAI: In a landmark ruling, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has refused to differentiate between an investor in a housing project and a homebuyer and has directed a developer to honour contractual obligations. The ruling is expected to set a precedent for all such matters arising from the refusal of developers to acknowledge … Read more
New Delhi: The Uttar Pradesh Real Estate Regulatory Authority ( UP RERA) has issued 1985 recovery certificates asking developers to pay Rs 595.25 crore as compensation to homebuyers in two years. After the permanent formation of UP RERA, the judicial work started on September 4, 2018. In two years, 28,020 complaints have been registered with … Read more