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Know your rights as homebuyer in Mumbai

Publish on : 2017-07-18 07:57:11

The Real Estate (Regulation and Development) Act, 2016 (RERA) came into effect in 13 states and united territories, including Maharashtra, today. Here is how the law will help you: Registration: The law makes it mandatory for every builder to register his project with the housing regulatory bo...

100 Mumbai brokers register with RERA in just 9 days

Publish on : 2017-07-18 07:52:21

Around 100 real estate agents and brokers have registered under Real Estate (Regulation and Development) Act, (RERA) since it came into effect nine days ago. Sources added that another 1,000 brokers are in the queue to follow suit by paying a registration fee of Rs10,000. Real estate brokers in t...

Maharashtra, first state to implement RERA

Publish on : 2017-07-18 07:38:13

In a move that could bring cheer to the faces of many home-buyers, Maharashtra is all set to become the first state in India to implement the Real Estate (Regulation and Development) Act, 2016, which has many provisions that will help new buyers, while penalising non-complying real estate developers...

RERA comes into Full Force

Publish on : 2017-05-22 06:00:38

The Real Estate (Regulation & Development) Act, 2016, has come into full force from Monday, with the implementation of Sections 3-19, 40, 59-70, 79 and 80. While the Act had come into force on May 1, 2016, only 69 sections were notified at that time. Ahead of the Act coming into force, the Ministry...

How RERA will help buyers?

Publish on : 2017-05-22 06:00:02

The Real Estate (Regulation and Development) Act, 2016 (RERA) will finally give India’s real estate sector its first regulator from Monday, May 1, 2016. The act was passed by parliament last year and the Union Ministry of Housing and Urban Poverty Alleviation had given time till May 1, 2017, to form...

Penalty under RERA rules

Publish on : 2017-05-22 05:59:36

Penalties on account of delays under the new real estate rules are applicable to ongoing as well as new projects, a homebuyer body claimed on Sunday. Fight for RERA, the homebuyer forum, made the claims amid reports that the Real Estate (Regulation and Development) Act, 2016, does not penalise proj...

12 Key Points from Real Estate Regulation Act (RERA)

Publish on : 2017-05-22 05:59:09

Real Estate Regulation Act (RERA) Rules came into effect from 1st May, 2017. This is good news for home buyers who have been cheated by real estate developers and agents. RERA Rules would help to protect Home Buyers and provide Transparency between buyers, real estate developers and agents. What doe...

10 things you need to know about new law

Publish on : 2017-05-22 05:58:42

The Real Estate (Regulation & Development) Act, 2016, the landmark realty law to protect home buyers from unscrupulous developers, will become operational from Monday, nine years after it was conceived. The act was cleared by Parliament in March last year. Under the act, states had to notify the re...

How RERA will affect you?

Publish on : 2017-05-22 05:41:45

RERA or The Real Estate (Regulation Development) Act, 2016 has come into effect from today. The Act would regulate the real estate sector that involves over 76,000 companies and is expected to trigger a “new era” of transparency and efficiency for both the buyers and developers. In a series of twee...

10 Benefits for Home Buyers

Publish on : 2017-05-22 05:39:58

Highlights: 1. The Government of India implemented the real estate bill RERA Act nationwide on May 1 this year 2. The RERA Act will improve the governance, bring more transparency and accountability into the realty sector, say experts 3. It mandates developers to disclose project related d...