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

Max Group Enters Commercial Real Estate with Max Towers, invests Rs 600 Cr

By Accommodation Times Bureau NOIDA: Max Estates, a subsidiary of Max-Ventures & Industries Ltd. (MaxVIL), Friday announced the opening of office project – Max Towers located on the Delhi Noida Directway, built with an investment of nearly Rs 600 crore. Constructed in a brisk 24 months, the building’s anchor tenant – Spaces, the premium co-working brand of

Even no date of possession mentioned in agreement for sale attract penal interest: MahaRERA

By Rohit Sharma MUMBAI: The recent judgment of Maharashtra Real Estate Regulatory Authority (MahaRERA) clearly says that if there is no possession date written in the agreement then it’s a violation of Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963 (MOFA). As many as 32 homebuyers