Page 6 - Rera

Uncertainty over how RERA provisions will play out for realty firms in NCLT

Insolvency practitioners and legal experts appear divided over the extent of relief that homeowners will get under the IBC and the RERA

1 year of RERA: Builders still selling distant dreams without clear roadmap

A major feature of RERA is that even brokers and consulting agents have to register themselves, however, this was not really happening

NBFCs and HFCs fear Rs 2.2-trn NPA mess owing to note ban, Rera, GST

According to a report by property consultant JLL, as many as 440,000 residential units remained unsold across key cities at the end of 2017

Around 45% prospective home buyers looking to buy after RERA: Quikr Homes

Sonu Abhinandan Kumar said loans as the primary and easiest finance medium over other options

Urban Affairs Ministry to protect consumers' interest in real estate sector

The central government has amended the Government of India (Allocation of Business) Rules 1961, in this regard.

Real estate to be one of fastest growing sectors in India: Pirojsha Godrej

There is every chance that real estate will be one of the fastest growing sectors in India

Bombay HC upholds validity of RERA

The Act also mandates that all developers or promoters register themselves under a state-level regulatory authority

Rera compliance, once feared, now dangled before buyers

A year before, driving through National Highway-24, one would see billboards of real estate companies in the National Capital Region offering everything from Italian marble, free club membership and car parking, modular kitchen, LCD television, air conditioners and even a new car to woo apartment buyers. None of it brought back enough consumer confidence. Now, they are relying on the four-digit Rera registration number for a turnaround.From being sceptical and concerned at ramifications of the Real Estate (Regulation and Development) Act or Rera, developers are now using it as a primary selling point. Many are now claiming to be 'Rera-certified' in their advertisements, in hope of winning back the confidence of buyers.Supertech, a real estate company based out of the NCR, recently announced all its projects had been so registered. And, that it was committed to timely delivery of 15,000 units in the current financial year across 50 locations, mostly in the NCR."We have become fully ...

Govt setting up 31-member committee to advise on RERA, protect home buyers

About one million buyers invest every year with the dream of owning a house

6 out of 10 projects in Mumbai revise delivery targets after RERA: Report

Six out of ten under construction projects in Mumbai have revised their delivery targets by more than a year after Real Estate Regulation and Development (RERA) Act, 2016 into force, said a new report. About 57 per cent of projects registered with RERA authority in Maharashtra have extended the delivery timelines, said a survey by property consultant Knight Frank. The report covered residential units registered with the Maharashtra RERA regulator or the MahaRERA in the Mumbai suburbs until August 16, 2017. For nearly one-fourth (24 per cent) of the 1, 07,875 registered units the completion deadline was pushed by 12 to 18 months. The report further found that 19 per cent under construction homes were delayed by 24 to 48 months and 10 per cent of these properties would not get completed before four years. Just about one-third of the units listed with the MahaRERA are set to be completed on time, the report added. Dr. Samantak Das, Chief Economist and National Director-Research, Knight .

RERA: There's no way home prices will go up anytime soon

Given the inventory overhang across India, it is very clear that people are not buying homes

Now that RERA is a reality, should you buy an under-construction property?

If you are looking to buy a home to live in, it makes sense to still buy a fully finished one

All states may notify rules under RERA by July-end, says Govt

For setting up of a permanent regulatory authority by them will take some time

Slow and unsteady

Lax execution of a new realty law is hurting the sector

Rera impact: Stressed realtors seek buyouts or JVs with big players

Rera makes it mandatory for developers to keep 70% from a project sales in an escrow account

RERA to deliver a debt blow to developers

The Real Estate (Regulation & Development) Act or RERA would push up debt levels of real estate developers and lead to continued negative cashflows, say property developers and analysts.Companies in BSE Realty Index had a total debt of Rs 52598 crore as of September 2016, about 7.3 per cent higher than the year ago period. The companies had an average 0.8 times debt to their total equity in September 2016. Debt of top developers is expected to go up by 15 to 20 per cent in the current financial year, according to industry estimates. "Rera will definitely pose challenges for many developers in terms of cashflows. Many were launching without approvals and that fungibility of money will go away and some level of stress will come in," said Anita Arjundas, managing director and chief executive at Mahindra Lifespace Developers, part of Mahindra group.The RERA makes it mandatory for developers to keep 70 per cent of proceeds from a project in escrow account, thereby restricting their ...

Rera does bring hope

It will certainly not be an instant cure, even if retrospective clauses are invoked

State-wise status of RERA: Most of them miss deadline, says report

Full text of CRISIL Research Impact Note on status of RERA

Aggrieved home buyers are yet to understand benefits of Real Estate Act

Under the central law, each state has to notify rules and set up a regulatory authority

Sloppy start to RERA as almost half the states are yet to notify rules

Almost half the states yet to notify rules, while others have watered down provisions of central Act