Business Standard

Real Estate Regulation Bill

Real estate regulators in states/UTs dispose of 125,000 consumer complaints

Real estate regulators in states and Union Territories have so far disposed of nearly 1.25 lakh consumer complaints against developers, according to the Economic Survey 2023-24. The Real Estate (Regulation & Development) Act, 2016, popularly known as RERA, was enacted to bring about much-needed reform in India's real estate sector. The main objective of RERA is to encourage greater transparency, citizen-centricity, accountability, and financial discipline, thus empowering home buyers and boosting the economy. The survey highlighted that all states/ Union Territories (UTs) have notified rules under RERA except Nagaland, which is in the process of notifying the rules. As of July 1, 2024, over 1,30,186 real estate projects and 88,461 real estate agents have been registered under RERA. "RERA provides for the establishment of a fast-track dispute resolution mechanism for the settlement of disputes. As of 01 July 2024, 32 states and UTs have set up the Real Estate Regulatory Authority, .

Real estate regulators in states/UTs dispose of 125,000 consumer complaints
Updated On : 22 Jul 2024 | 5:43 PM IST

Institutional money in real estate down 40% to $995 mn in Jan-Mar: Report

Institutional investments in real estate fell 40 per cent annually in January-March to USD 995.1 million because of a lower inflow of funds in office, residential, and warehousing assets, according to Colliers India. The institutional investments stood at USD 1,658.3 million in the year-ago period. Out of the total institutional investments, real estate consultant Colliers India highlighted that foreign funds contributed 55 per cent while domestic investors 45 per cent. As per the data, the institutional investments in the office fell 38 per cent to USD 563 million in January-March this year from USD 907.6 million in the corresponding period of the previous year. The residential segment witnessed a 72 per cent fall in investments to 102.6 million from 361.1 million. The inflow of funds in industrial & warehousing assets dipped 18 per cent to USD 177.7 million from USD 216.3 million. Alternate assets, which include data centres, life sciences, senior housing, holiday homes, studen

Institutional money in real estate down 40% to $995 mn in Jan-Mar: Report
Updated On : 02 Apr 2024 | 10:47 AM IST

Dharavi redevelopment project a veritable realty goldmine, say experts

Sensitive rehab, retaining local jobs key challenges in Adani's mega project

Dharavi redevelopment project a veritable realty goldmine, say experts
Updated On : 04 Dec 2022 | 11:15 PM IST

How to pay MCD property tax online? A step-by-step guide to the procedure

Property tax is one of the major sources of revenue for local governments/Urban Local Bodies (ULBs)

How to pay MCD property tax online? A step-by-step guide to the procedure
Updated On : 03 Oct 2022 | 6:02 PM IST

Give real estate brokers quoting below-market prices a wide berth

Stick to RERA-registered brokers, preferably the tech-savvy kind, and look for deep knowledge of the micro-market you are interested in

Give real estate brokers quoting below-market prices a wide berth
Updated On : 15 Jun 2022 | 12:07 AM IST

Arrest of Mirchi's aide turns the spotlight on corporate-underworld nexus

History shows that links between corporate powerhouses and terror financing are not new. Nor are they restricted to industries such as cinema or real estate

Arrest of Mirchi's aide turns the spotlight on corporate-underworld nexus
Updated On : 28 Oct 2019 | 12:23 AM IST

Real Estate law is a blessing for home buyers: Know how

The Real Estate Act (RERA) aims to make consumer the king

Real Estate law is a blessing for home buyers: Know how
Updated On : 18 Apr 2017 | 3:18 PM IST

Builders express concerns over realty Bill, after backing it

They are also protesting against bringing ongoing projects under it

Builders express concerns over realty Bill, after backing it
Updated On : 11 Mar 2016 | 12:33 AM IST