By Anuj Puri, Chairman – ANAROCK Property Consultants Affordable Housing Keeps the Momentum Going Unsold inventory down 2% from 7.11 lakh units in Q1 2018 to 7.0 lakh units in Q2 2018 Unsold inventory declined 10% from 7.7 lakh units in Q4 2017 There has been a whopping 50% jump in overall new housing launches in Q2 2018 […]
New Housing Launches up by 50% in Q2 2018more
By Realty Quarter Bureau The much awaited Telangana Real Estate Regulatory Authority is soon going to been launched on August1. The Telangana government had issued the rules and appointed a temporary regulatory authority a few months ago, Rera rules are not being implemented in the state as of now. A web portal is required for the registration […]
Telangana RERA portal to be launched on August 1more
Gautam Chatterjee, the chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA), is all set make title insurance mandatory for registered developers. This comes after insurance companies expressing interest in providing title insurance for the real estate projects. Though the RERA had made land title insurance mandatory for developers, the state unit was not able to implement the clause right away […]
MahaRERA Chief Gautam Chatterjee set to make land title insurance mandatorymore
By Realty Quarter Bureau June 30 has also been set as the deadline for establishing permanent regulators, start websites and the tribunals as prescribed in the law, sources said. While chairing the first central advisory council meeting of RERA, Union housing and urban affairs minister Hardeep Singh Puri reportedly said there is no question of amending any […]
Housing Minister refuses to make any change in real estate law (RERA)more
By Anuj Puri, Chairman – ANAROCK Property Consultants The 14 spokes of RERA’s protective umbrella The Indian real estate industry, particularly the residential sector, was in the past correctly characterized as being unregulated and unorganized with unreasonable project delays and poor quality of construction being definitive aspects. The arrival of the Real Estate Regulatory Act […]
How RERA is revolutionizing Indian real estatemore
By Realty Quarter Bureau In a fresh move, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has said advertisements on real estate projects which do not come under the real estate act must be indicated in the advertisements. Real estate projects proposed in an area of less than 500 square metre and the number of apartments under […]
Projects not under RERA must mention on advertisementmore
By Realty Quarter Bureau Developers in the state will have to shell out extra money to register their big projects with Rajasthan Real Estate Regulatory Authority (RERA). With this, it’s expected that flat and plot prices in many projects would increase as developers would transfer their financial burden to the consumers. The authority has decided to remove […]
Rajasthan RERA wants builders to pay registration fees per size the plot/landmore By Anuj Puri, Chairman – ANAROCK Property Consultants Why RERA is still not a nation-wide market force Many state governments have been lax in implementing RERA. There are various forces at play – the primary one being change aversion. RERA was conceived to change the entire status quo of how real estate is designed, developed […]
RERA in real time – nowhere close to the finish linemore
By Realty Quarter Bureau The matters related to the administration of the RERA for regulation of the real estate sector and to protect the interest of consumers will be dealt by the Housing and Urban Affairs Ministry, an official order said. The central government has amended the Government of India (Allocation of Business) Rules 1961, in this regard. The work […]
RERA rules & administration now under Urban Affair Ministry domainmore By Anuj Puri, Chairman – ANAROCK Property Consultants Over the past one year, demonetization has been a buzzword across all Indian industries, but much more so in real estate. The radical move of banning high-value currency notes, seen as the Government’s surgical strike on black money, has become a landmark event in the history of the […]
One year of Demonetization: Real Estate bruised, but more resilientmore
