NAREDCO & CREDAI support RERA, urge developers to follow norms

  By Accommodation Times Bureau National Real Estate Development Council(NAREDCO) will not move court against the implementation of Real Estate Regulation and (Development) Act (RERA), even with regard to ongoing projects, as it helps build confidence among buyers, said its president Parveen Jain. Confederation of Real Estate Developers’ Association of India (CREDAI) has

Karnataka Housing Board will now have to bolster up, as RERA blown in

By Accommodation Times Bureau Bangalore:Real estate projects took plunge with the Bangalore Development Authority (BDA), or  Karnataka Housing Board and other urban housing development authorities will come under the concern and authority of the Karnataka Real Estate (Regulation and Development) Act. This means that these government agencies will now have to finish their projects in time or

RERA will push up FDIs scope in the realty market: FICCI reports

By Accommodation Times News Service The recently cleared Real Estate Regulatory Act (RERA) will bring in transparency in real estate transactions, reducing the number of litigations in the sector, according to a survey-based report by FICCI. Respondents of the survey 'Real Estate Regulation Act, 2016 (RERA) - Are we ready?' also felt

Maha RERA penalises Disha Direct Rs 5 lakh for causing mental torture to homebuyer

By Rohit Sharma MUMBAI: Maharashtra Real Estate Regulatory Authority (Maha RERA) ordered Disha Direct to refund money to two home buyers, one with Rs 5 lakh and another with Rs 50,000 compensation. In a recent judgement where B.D.Kapadnis, Member & Adjudicating Officer, MahaRERA was hearing the case of aged home buyer in

33,750 projects, 26,018 agents have registered under RERA: Puri

By Rohit Sharma NEW DELHI: "So far 33,750 projects and 26,018 agents have been registered in pan India and Maharashtra has the highest number of project and agent registration. In Maharashtra, total 18,392 projects and 17,188 Agents have been registered", Housing Minister Hardeep Singh Puri said. He further added in this new era