meraRERA
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
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
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
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.
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
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
Homebuyers have raised concerns over the draft real estate rules, saying they fail to protect the interests of those who have booked apartments in the projects that are yet to be completed. Parliament in March passed the real estate (regulation
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
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
A few days after Unitech claimed in Supreme Court that it had no money to refund homebuyers, another developer active in Delhi and NCR has told the Supreme Court (SC) it cannot compensate buyers of its Parsvnath Exotica project in