Real Estate
The Impact of RERA on India's Real Estate Sector
The Real Estate (Regulation and Development) Act, 2016 (RERA) aims to protect home buyers and enhance transparency in the real estate sector. However, despite its noble intentions, RERA has faced several challenges and shortcomings in its implementation.
real estate news
Evaluating the Impact of RERA on India's Real Estate Market
The Real Estate (Regulation and Development) Act, 2016 (RERA) was introduced to enhance transparency and accountability in the real estate sector. However, after nine years, it has faced significant challenges in achieving its objectives.
real estate news
Housing Market Slows Down: Prices Soar While Home Buyers Hesitate
According to ANAROCK’s latest report, housing sales in India's top 7 cities fell by 20% over the past year, while average property prices increased by 11%. This trend highlights a significant shift in the real estate market, particularly affecting middle-class buyers.
Real Estate Mumbai
MahaRERA's Blocking of Project Details Leaves Home Buyers in the Dark
Home buyers and advocates face difficulties accessing essential details of projects kept on abeyance on the MahaRERA website, raising concerns about transparency and legal recourse.
Real Estate Mumbai
Listed Developers Dominate India's Residential Real Estate Market
Prominent listed real estate companies in India, such as Godrej Properties, Macrotech Developers, and DLF Limited, have reported robust sales growth in the fiscal year 2024-2025, reflecting increased buyer confidence in reputable brands.
Real Estate Maharashtra
Real Estate Tribunal Rejects Firm's Delayed Appeal
The Maharashtra Real Estate Appellate Tribunal (MREAT) has dismissed Agile Real Estate's (AREPL) application for condonation of delay in filing an appeal against an order by MahaRERA. The tribunal ruled that the firm failed to act diligently and did not provide sufficient reasons for the delay.
Real Estate Mumbai
Maharashtra Real Estate Appellate Tribunal Dismisses Appeal Due to Delay
The Maharashtra Real Estate Appellate Tribunal (MREAT) has recently dismissed an application by Agile Real Estate (AREPL) for condoning the delay in filing an appeal against a July 2024 order by MahaRERA. The order required AREPL to pay interest to home buyers for the delay in handing over possession of flats in the 'Immensa D' project in Thane.
Real Estate Maharashtra
Real Estate Firm's Delay in Filing Appeal Rejected by MREAT
The Maharashtra Real Estate Appellate Tribunal (MREAT) has dismissed a real estate firm's application for condonation of delay in filing an appeal against MahaRERA's order to pay interest to home buyers for delayed possession.
Real Estate Mumbai
Maharashtra Real Estate Appellate Tribunal Rejects Realty Firm's Delay in Filing Appeal
The Maharashtra Real Estate Appellate Tribunal (MREAT) has rejected the applications by Agile Real Estate (AREPL) to condone the delay in filing appeals against a July 2024 order. The order, issued by MahaRERA, directed AREPL to pay interest to home buyers for the delay in handing over possession of flats in the 'Immensa D' project in Thane.
Real Estate Maharashtra
Real Estate Firm's Delay in Filing Appeal Rejected by MREAT
The Maharashtra Real Estate Appellate Tribunal (MREAT) has dismissed a real estate firm's application for condonation of delay in filing an appeal against MahaRERA's order to pay interest to home buyers for delayed possession.
Real Estate Mumbai
Maharashtra Real Estate Appellate Tribunal Rejects Realty Firm's Delay in Filing Appeal
The Maharashtra Real Estate Appellate Tribunal (MREAT) has rejected the applications by Agile Real Estate (AREPL) to condone the delay in filing appeals against a July 2024 order. The order, issued by MahaRERA, directed AREPL to pay interest to home buyers for the delay in handing over possession of flats in the 'Immensa D' project in Thane.
Real Estate Maharashtra
7,500 Pending Cases at MahaRERA: Systemic Overhaul Urgently Needed
Mumbai: A home buyer from Kandivli who filed a complaint with the Maharashtra Real Estate Regulatory Authority (MahaRERA) in July 2023 is still awaiting resolution, highlighting the urgent need for systemic changes in the authority's procedures.
Real Estate Mumbai
7,500 Pending Cases at MahaRERA: Systemic Changes Needed, Legal Experts Advise
A home buyer from Kandivli who filed a complaint with Maharashtra Real Estate Regulatory Authority (MahaRERA) in July 2023 was called for a hearing after a delay of several months, highlighting the growing backlog of cases and the urgent need for systemic changes.
Real Estate
CBI Launches Investigation into Banker-Builder Ties in Subvention Schemes
The Central Bureau of Investigation (CBI) has launched a probe into the alleged irregularities involving bankers and builders in subvention schemes, aiming to uncover any fraudulent practices in the real estate sector.
Real Estate
ED Arrests Noida Real Estate Promoter in Home Buyers' Fraud Case
The Enforcement Directorate (ED) has arrested the primary promoter of a prominent Noida-based real estate company in connection with a significant fraud case involving home buyers. This move underscores the seriousness of the issue and the government's commitment to protecting consumers.
real estate news
TGRERA Freezes Bank Accounts of Realtor for Unfinished Bachupally Apartment Complex
The Telangana Government Real Estate Regulatory Authority (TGRERA) has taken strict action against a real estate company for failing to complete an apartment complex in Bachupally. The authority has frozen the company's bank accounts to ensure the completion of the project and protect the interests of home buyers.
Real Estate Mumbai
Impact of 10% Hike in Ready Reckoner Rates on Home Buyers in High-Value Zones
Mumbai and Thane are among the regions likely to see a 10% increase in Ready Reckoner rates, affecting homebuyers and raising the prices of commercial and retail real estate.
real estate news
How a 10% Increase in Ready Reckoner Rates Affects High-Value Home Buyers
The real estate market in high-value zones is bracing for a significant shift as a 10% hike in Ready Reckoner rates is expected to impact home buyers. Industry experts weigh in on the potential consequences and offer insights into the future of the market.
Real Estate Mumbai
MahaRERA Halts Hearing Home Buyer Complaints in NCLT Cases
Home buyers face significant hurdles when their real estate projects are under insolvency and bankruptcy proceedings at the NCLT. MahaRERA has stopped hearing complaints in such cases, adding to the distress of home buyers.
Real Estate Mumbai
Home Buyers Protest Against Cidco: High Prices and Poor Locations
Cidco home applicants are voicing their dissatisfaction with the high prices and poor locations of the houses offered. The controversy centers around the inclusion of the balcony area in the carpet area calculation, which is against the Real Estate (Regul