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Reforms in The Real Estate Sector Due to RERA and GST

 The Bangalore real estate market has entered a transformation phase in 2018, after demand of structural reforms in 2017. The industry has absorbed the changes in RERA from 2017 which includes implementation of Real estate Regulation and Development Act(RERA) and...
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After One Year Of Implementation 14 States Do Not Have Online Portals

After the implementation of RERA Act, 2016, the real estate sector of India is woefully short of expectations and the sections of RERA became law on May1, 2017. The act was applicable to the 28 states (Excluding J&K) and only three...
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MahaRERA Directs Developer to pay Interest for Delay in Possession

Timely deliverance is the main factor which affects the housing sector. When it comes to the reputation of any developer, the timely deliverance plays a major role which affects the reputation and future investments in projects. Recently, in a huge relief...
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फंसे हुए होम बायर्स को राहत के लिए आज सरकार ला सकती है अध्यादेश

अधूरे प्रोजेक्ट या डेवलपर के दिवालिया होने के आवेदन कर देने की वजह से फंस चुके मकान खरीदारों, निवेशकों की मदद के लिए केंद्रीय मंत्रिमंडल बुधवार को अध्यादेश ला सकता है. इस अध्यादेश से फंसे हुए मकान खरीदारों के चेहरों...
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Suggestions to Improvise the RERA Functioning

After Seven Days, the Central Real Estate Regulatory Act 2016 will complete one year of implementation. Till now, total 27,000 real estate projects have been registered under RERA and till now 27 states have notified rules and regulations. 16 union...
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MAHARERA Directed Developer to Refund the Booking Amount to Buyer

MAHARERA provided a major relief to the home buyer, the Maharashtra Real Estate Regulatory Authority ordered a developer to refund the amount of Rs 1 lakh which was paid by the buyer as a booking amount. The RERA complaints bench worked on...
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HomeBuyers Gets relief from MahaRERA on Timely Deliverance

A Complainant, who approached Maharashtra Real Estate Regulatory Authority (MAHARERA) because of delayed possession date got relief from the bench when bench provided him the solution after two years. The bench provided him a possession date by themselves and they...
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Contact meraRERA India for your India property legal solution

meraRERA is one of the leading legal firm which aimed to provide a complete property legal solution to the buyers, regarding the Real Estate Regulatory and Authority (RERA). Contact meraRERA India to submit all your real estate queries to get...
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Follow our Blogs Regarding RERA India Latest News and Updates

To get information on RERA India Latest News follow meraRERA blogs. Our experts are working proficiently to educate our readers regarding any RERA news and updates. Our RERA consultants are the professionals for expert guidance to our buyers regarding advice...
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RERA Gurugram issued show cause Notice to Developers

The Real estate regulatory authority (RERA), Gurugram has issued show cause notice to promoters of the Mayfield Garden land township at sector 49-50. The authority has asked promoter to appear on April 17 and explain the status of development in...
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Real Estate Developer Fined Rs 50 Lakh For Advertisement Violation

Recently, A Real Estate Developer was fined for Rs 50 lakh for advertisement violation. The developer didn’t mention the RERA registration number on the front page of advertisement in a daily newspaper. Gautam Chattarjee, Chairperson of Maharashtra Real Estate Regulatory...
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Karnataka RERA stops construction: Tips for Builders to save their projects

Karnataka RERA has put stay order on almost 542 ongoing projects as they were strict on permanent registration of projects. The projects were half done and were being developed under the provisional registration since last year. Now, it is worrisome...
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Developers to Pay Compensation to Allottees for Delayed Possessions

The Maharashtra Real Estate Regulatory Authority (MAHARERA) provided relief to the 64 allottees of the real estate project by instructing the developer to pay compensation for delayed projects in three years. The RERA acted on the complaint drafted by the...
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RERA Permanent Registration Numbers to Developers in Bangalore

To safeguard the interest of property buyers in Bangalore, the Karnataka Real Estate Regulatory Authority (RERA) has initiated the process of issuing the permanent account numbers to all the properties registered with it from April 1. The action has been...
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RERA held first hearing in Gurgaon on March 27

Haryana Real Estate Regulatory Authority is going to start the grievance redress by beginning the first hearing of complaints on 27th March. The authority will conduct hearing from Tuesday to Thursday of every week. Till now, the HRERA has registered 99...
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Now Buyers are also entitled to pay interest in case of Late Payment: MahaRERA

In case of delay in possession and payment, MahaRERA has held that builders are entitled to pay the interest. To proceed with the legal proceedings, the buyer has to file the complaint with the Maharashtra Real Estate Regulatory Authority. RERA...
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Telangana to Follow MahaRERA Model in 3 Months

Hyderabad: In three months, the state government will include Real Estate Regulatory Authority advisory committee with representation from civil society and for effective execution of the RERA Act. Lawyers, Builder, Architects and planning experts will plan the advisory panel. The government...
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Supreme Court : Amrapali Home Buyers and Builder to build consensus

Apex court of India, today ordered Amrapali Group to conduct a meeting with buyers and conclude  about the status of its projects which are nearing completion. The court said that the meeting between representatives of Amrapali Group and home buyers...
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Now HomeBuyers can Verify Property Papers Online

Now it’s easy to check all the key documents if you are planning to buy a house in Karnataka. The Karnataka Real Estate Regulatory Authority (RERA) made public over 50,000 documents of 1,331 real estate projects on Monday evening. In...
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RERA India Turning Real Estate Responsible

RERA act is dynamically changing the complete landscape of realty sector and it is redefining the process of real estate sales in India. Every strata of realty sector, whether its stakeholder, government, banks, private equity to consumers are participating in...
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mahaRERA Received 2000 Complaints

  Recently mahaRERA received 2,000 complaints from buyers and developers; the interesting thing is that 90% of complaints are from home buyers. Regarding these complaints, authority has recently appointed two adjusting officers to decide the penalty for these cases against developers. As...
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RERA Safeguarding the Interest of Buyers

According to the number of complaints registered on Real estate Regulatory Authority(RERA) the property buyers in Bhopal are suffering the most by the realtors. RERA is formed from May 1 2017 with the sole objective for saving interest of buyers...
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Impact Of 2018 Budget To Overcome GST, Demonetization And RERA Issues

Extremely affected by different changes like GST, demonetization, and RERA the realty segment is sticking its desires on Union Budget 2018 to 2019 for alleviation measures like less infrastructure status and taxes. In the year of 2017, it was an...
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Maharera Launches Conciliation Forum In India Below RERA

Recently, MahaRERA announced to launch the conciliation forum and it filled with consist member of the developer and consumer association. This forum become on effect from the month of the February 1 and it is hearing before the conciliation benches,...
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Issue of under-construction projects and leniency in RERA

The draft rules for the much awaited real estate regulatory authority are here. The government took its time in bringing them out, but not everyone seems to be happy about it. There have been claims, from home buyers of course, that...
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RERA to Aid Discriminated People in Real Estate - MeraRERA.com

The landmark policy of RERA (Real Estate Regulatory and Authority) brought by Real Estate Agency of India in March 2016 had brought big smiles on the faces of the Indian public. On one hand, this policy will make sure that...
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RERA to bring transparency in real estate sector, a relief for buyers.

The Real Estate (Regulation and Development) Act 2016 (or RERA) is a landmark law as it enshrines consumer rights and builders’ obligations in law and promises to bring in a lot of transparency in transactions. The construction sector employs the...
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No pre-launch properties- Authority to decide percentage & approval

Number of residential project launches in July-September quarter rose 20% from a year ago across top six property markets in India. Housing project launches in Mumbai, Bengaluru, Chennai, Pune, Noida and Gurgaon were a little less than 25,000 units making...
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Project Management need of the hour for fledging Realty in India

The real estate industry is transforming in India. Its expansion in the recent years has made it a big money churner system for various developers and builders. However, the recent negativity in the market made it slower than ever. The...
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RERA for Delhi finalised and DDA VC Udai Pratap Singh appointed for it

NEW DELHI: The urban development minister Venkaiah Naidu today approved the final rules to implement the Real Estate Regulatory Act (RERA) for Delhi, and has designated Udai Pratap Singh, the vice-chairman of Delhi Development Authority (DDA), as the interim regulator. The...
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After RERA - Is now the right time to buy? - meraRERA.com

Real Estate Regulatory Authority – RERA is one of the most debatable topic in last couple of months in Indian real estate market. As soon as it became a law, it received a lot of applause from buyers. In the...
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Draft Rule of RERA Implementation Made Public: Fine for Jail

After making a bold provision in the Real Estate Regulation Act to jail errant builders and real estate agents, the draft rules for implementation of this law made public on Friday seemed to provide an escape clause to the jittery...
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Central Advisory Council – Real Estate Regulation and Development Act, RERA(UT)2016

The Ministry of HUPA has prepared DRAFT rules for Real Estate Regulation and Development Act 2016 for UTs without legislature (Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep).  Public comments are sought on the same by...
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Not a “Strangulation” but a Regulation: Centre on RERA

The central government has signified on the fact the RERA bill does not intends to choke anybody’s work. After formulating a compact and affective real estate authority, the government is now looking to join loose ends so that buyers don’t...
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Rate of Interest Payable by Promoter and Allottee and Timelines for Refund

The Ministry of HUPA has prepared DRAFT rules for Real Estate Regulation and Development Act 2016 for UTs without legislature (Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep).  Public comments are sought on the same by...
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Defining Coordinates: A New Feature in RERA that will End Major Land Frauds

The tricks used by many promoters and real estate agents to fulfil their greed are many times related to the location of land. There have been innumerable cases where an agent shows a plot to a buyer, then, somehow manages...
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Don’t Be Afraid To File A Petition Against Builders…

One of the most common problems faced by clients in real estate sector is delayed possession. This delayed possession impacts buyers in various ways. It becomes unfeasible for the buyer to plan future or it increases their costs of living...
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Real Estate Appellate Tribunal – Real Estate Regulation and Development Act, RERA(UT)2016

The Ministry of HUPA has prepared DRAFT  rules for Real Estate Regulation and Development Act 2016 for UTs without legislature (Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep). Public comments are sought on the same...
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Will prices go up because of RERA?

The Real Estate Regulatory Act will push demand for housing and prevent project delays for increased home buyer confidence. However, since projects cannot be launched without prior approvals, the resultant delay is likely to push up housing prices, say developers. Fewer...
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Real Estate Regulation and Development Act, RERA(UT)2016

The Ministry of HUPA has prepared DRAFT  rules for Real Estate Regulation and Development Act 2016 for UTs without legislature (Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep).  Public comments are sought on the same by maximum 08th...
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Implementing RERA norms will ensure timely project completion: Unitech buyers

Most developers divert funds collected from homebuyers from one project to another as there is no clarity in laws to penalise them. Only RERA provides for stringent punishment and ‘equity’ when it comes to penalty ABHAY UPADHYAY, national convenor, #FightforRERA The...
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Should delayed projects come under RERA?

Homebuyers who have invested in delayed projects have demanded that these be included in the ambit of the draft rules of the Real Estate (Regulation and Development) Act, 2016. They have suggested to the government that developers disclose before the...
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Wary of Real Estate Act, developers focus on delivery

Bengaluru: Builders across cities are rushing to complete the projects they promised as courts and customers hold them to their words ahead of tighter real estate regulation. The result: A large number of projects that were stuck are now set to...
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DDA Development Controls for Residential Development Part 1 Over View

The Ministry of HUPA has prepared DRAFT  rules for Real Estate Regulation and Development Act 2016 for UTs without legislature (Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep). Public comments are sought on the same...
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Real Estate Regulatory Authority – Real Estate Regulation and Development Act, RERA(UT)2016

The Ministry of HUPA has prepared DRAFT rules for Real Estate Regulation and Development Act 2016 for UTs without legislature (Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep).  Public comments are sought on the same by...
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RERA comes to the rescue of homebuyers in Maharashtra

Section 7 of Maharashtra Ownership of Flats Act, 1963 (MOFA) does not allow the promoter to alter the structure of a flat without the consent of the purchaser or make any additions in the structure of the building without the...
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Builders prioritising RERA compliance

They are tweaking builder-buyer agreements to follow RERA norms and getting marketing communication right to regain buyers’ trust The real Estate Regulatory Act (RERA) cleared by the Cabinet this year seeks to bring in much-needed transparency in real estate transactions to...
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Implementing RERA norms will ensure timely project completion

The Supreme Court (SC) this week directed Unitech to deposit Rs 15 crore by September to pay home buyers invested in its Gurgaon residential project since 2009. The company was ordered to deposit Rs 5 crore in the court’s registry...
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As Real Estate Regulatory Authority bites, PE investment returns to fall

Current estimates suggest structured debt investments now command approximately 18%-25% interest cost on residential projects Return on private equity (PE) investments is set to decline as the Real Estate Regulatory Authority (RERA) takes effect, according to industry experts. Making projects RERA...
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Impact of RERA on The Demand Supply Dynamics

While the Real Estate Regulation Act (RERA) has brought in various consumer friendly provisions that are bound to increase demand in the real estate market. There are certain consequences of RERA that should increase transparency and help improve overall confidence...
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More power to the home buyer

Think of an ordinary home buyer and it conjures up the image of a harried and hassled man running from pillar to post. The exercise starts with the person doing multiple rounds of several properties and finally zeroing in on one....
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meraRERA – A one-stop Solution to all your Housing Problems….

Purchasing or selling a residential or commercial property is one of the most tedious tasks in India. Buyers are often victim of delayed possession, changed layout plans, unexpected payments and low quality products used. Finding a credible developer has become nearly...
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RERA fears make PE firms and strategic investors tweak realty contracts

MUMBAI: Many private equity as well as strategic investors who have invested in real estate, mainly at project level, are renegotiating their contracts with the developers fearing litigation and fines once the new real estate regulations come in to force. The...
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Builders have to keep promises to buyers, have no excuse, says legal experts

                                                                           A few days after Unitech claimed in Supreme Court that it had no money to refund homebuyers, another developer active in Delhi and...
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RERA Forcing Builders to Focus on Timely Delivery this Festive Season

Unlike the festive seasons of the last few years when demand more or less remained robust and developers went on project launching sprees, this year very few new launches have been planned. This clearly indicates that the real estate market...
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NDA govt’s flagship ‘housing for all’ program fails to impress UP, Delhi

The NDA government’s ambitious program to build houses for the urban poor under the Pradhan Mantri Awas Yojana (PMAY) has failed to find takers in poll-bound Uttar Pradesh and Delhi. Over a year after it was launched, UP and Delhi are...
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REAL ESTATE AGENT- Real Estate Regulation and Development Act, RERA (UT) 2016

The Ministry of HUPA has prepared DRAFT rules for Real Estate Regulation and Development Act 2016 for UTs without legislature (Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep).  Public comments are sought on the same by maximum 08th July,...
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RERA for the Protection of Home Buyers Rights

RERA (Real Estate Regulatory Authority) bill, 2016, become an Act on may 1, kick starting the process of making rules and putting in place institutional infrastructure to protect the interests of buyers in India. Whereas acknowledging that the act is...
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Property Details Available Online

To bring transparency in the real estate business, the Delhi government has completed the process of uploading details of properties registered after 2003 online. A revenue department officer who completed the process in May said the exact number of properties cannot...
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New Real Estate Rules Under RERA Finalised for Delhi

According to the Real Estate (Regulation and Development) Act, 2016, (RERA) all the state governments were to put in place the Act’s rules and regulations for their respective states by 31 October. But the deadline was missed by most states....
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The Real Estate Developers Can’t Hoodwink Buyers- RERA

RERA targets to provide a regulatory framework. It will reduce the conflict between homebuyers and developers. The establishment of a regulatory mechanism will lead to transparency and bring standard practices across the real estate sector. Important point you must know about...
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Buyers write to CM for speedy implementation of RERA in UP

NOIDA: Home buyers of Noida have on Sunday demanded a speedy implementation of the UP Real Estate and Development Act, 2016 to protect the home buyers’ interest in the city. In a letter to the chief minister Akhilesh Yadav, buyers’...
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Delhi may miss RERA deadline as govt seeks industry view on rules

Rajiv Gauba, secretary at the ministry, conveyed this to representatives from bodies including CREDAI, Naredco, Ficci, Assocham, PHD Chamber and DDA at a meeting to discuss draft rules of RERA for Delhi on Thursday. The urban development ministry has asked industry...
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Seminar on Real Estate Regulatory Rules held in Ghaziabad

A seminar on Real Estate Regulatory Rules, 2016 was organized by Consortium of Societies and AoA Federation, the apex organizations of resident bodies of Ghaziabad on Saturday. “This event was a medium for gathering momentum for a movement to demand changes...
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Real Estate Projects – Information and documents to be furnished by the promoter for registration of project

The Ministry of HUPA has prepared DRAFT  rules for Real Estate Regulation and Development Act 2016 for UTs without legislature (Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep).  Public comments are sought on the same by maximum 08th...
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Demonetization, RERA will make the buying process for consumers more transparent: Brotin Banerjee

One can understand that a certain segment will feel the pinch – but the greater impact of this move will be the wind given to the aspirations of thousands of home buyers who firstly, have a fierce desire to buy...
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DDA Development Controls for Residential Development

The Ministry of HUPA has prepared DRAFT  rules for Real Estate Regulation and Development Act 2016 for UTs without legislature (Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep). Public comments are sought on the same...
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Two-third consent of buyers must for any changes in sanctioned building plan under RERA

By issuing an advertisement/notification in the newspaper (when possession has not yet been handed over), a city authority has tried to get into the shoes of the builder (by issuing a notification on the builder’s behalf) which is contrary to...
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DDA Details to be Published on the Website of the Authority

The Ministry of HUPA has prepared DRAFT rules for Real Estate Regulation and Development Act 2016 for UTs without legislature (Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep).  Public comments are sought on the same by...
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Who pays if builders don’t have the money?

On August 13, Unitech had informed the Supreme Court that it was not in a position to refund money to homebuyers in its Noida and Gurgaon projects in which possession had been delayed. “We don’t have the money. If we...
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UP Rera portal launch today

NEW DELHI: The Uttar Pradesh government will launch its Rera website on Wednesday, which will allow builders to start registering their projects under the new real estate law and, significantly, also grant them immediate registration numbers as opposed to the...
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Tide is Turning

Home-buyers seem to have found their voice, finally. In the backdrop of recent news-flow about builders getting arrested and courts offering no sympathy while delivering verdicts, home-buyers have gained the confidence to fight back. It’s a welcome change from we have...
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Take Personal Interest in Real Estate Acts Implementation

With four states and six UTs notifying the final real estate rules, Union Minister M Venkaiah Naidu has urged chief ministers to take personal interest in ensuring implementation of the Act. In a letter dated February 9 to all chief ministers,...
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RERA may revive real estate sector in second half, say experts

After May 1, when the Real Estate Regulatory Act (RERA) is in place, the realty sector will likely see an uptrend with slight price correction, say industry players and stakeholders.   This is likely as genuine buyers may pitch in on the...
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Ministry of Housing Notifies Remaining Sections of RERA

A head of the implementation date of May 1 for Real Estate (Regulation and Development) Act, 2016 (RERA), the government has notified remaining sections of the Act through a gazette. The sections notified by the Ministry of Housing and Urban Poverty...
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States Must Not Dilute Real Estate Regulation Rules, House Panel

Unhappy with most of the states delaying implementation of the real estate regulation law, also known as RERA, and some of them already diluting the Central Act, a parliamentary panel has asked the states to complete the process quickly so...
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Gets Register Under RERA By 2 Top Leading Mumbai Builder

Both Mumbai based developer and thane builder need to go for the first country register under the RERA that come into the result on May 1. Nayan Shah of Mayfair Housing get updates his fresh project plan online on the MahaRera...
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Citizens Make a Call for the Implementation of the Real Estate Act

Citizens are now in the demand of having their own home. After the implementation of the Real estate regulatory authority application better known as RERA this has been in demand by the common man. In each and every part of...
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GST, RERA combo very positive for real estate sector: Pirojsha Godrej

Real estate developers are grappling with the introduction of both the Real Estate Regulation & Development Act (RERA) and the Goods and Services Tax (GST). PIROJSHA GODREJ, executive chairman of Godrej Properties, the real estate arm of Godrej Group, discusses...
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An Execution of RERA Application Necessitated By Populaces

Citizens always wanted to have the right thing at the right moment. In the present day it has been found that there has been a protest made by the common people regarding the Real Estate Act. The Government wanted to...
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Rules Of RERA Act Shows 23 States

All over the country, the real estate developers provided July 31 as a deadline to enroll projects under the real estate construction in the Regulation and Development Act RERA 2016. The number of 23 states notified regulations reported rules and...
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UP Rera portal launch today

NEW DELHI: The Uttar Pradesh government will launch its Rera website on Wednesday, which will allow builders to start registering their projects under the new real estate law and, significantly, also grant them immediate registration numbers as opposed to the...
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