Real Estate
Protecting Your Rights: The Importance of Registering an Agreement for Sale in Real Estate
India's real estate sector, buoyed by a robust economy, has emerged as a pivotal player in the country's development. However, homebuyers must be aware of the legal and financial risks associated with not registering an agreement for sale. Section 18 of RERA provides crucial protections, but only if the agreement is registered.
Real Estate
MahaRERA Deregisters 18,693 Non-Compliant Property Agents: Ensuring Real Estate Transparency
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cancelled the registration of 18,693 real estate agents for failing to meet the necessary compliance standards. This move aims to enhance transparency and protect homebuyers in the real estate market.
real estate news
RERA: The Unfulfilled Promise of Homebuyer Protection
The Real Estate (Regulation and Development) Act, or RERA, was designed to protect homebuyers, but widespread inaction has undermined its effectiveness. Discover why this crucial regulation has fallen short.
Real Estate
ORERA Simplifies Project Closure Process for Realtors, Boosts Homebuyer Protection
The Odisha Real Estate Regulatory Authority (ORERA) has introduced a standardized project closure form and a unique mechanism to retain 1% of project costs for five years, enhancing transparency and protection for homebuyers.
Real Estate Maharashtra
Karnataka RERA Quarterly Digest: July - September 2024
The Karnataka Real Estate Regulatory Authority (KARERA) has issued several orders in the latest quarter, addressing issues such as delayed possession and refunding amounts to aggrieved homebuyers.
Real Estate Maharashtra
MahaREAT: Builders Cannot Seize Homebuyer's Funds Without Proving Loss
The Maharashtra Real Estate Appellate Tribunal has ruled that builders cannot forfeit homebuyer's money without establishing a genuine loss due to cancellation.