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Tamil Nadu gets RERA website, receives lukewarm response.

Thursday 10th August 2017

The Tamil Nadu Real Estate Regulatory Authority (TNRERA) got an unenthusiastic response on its official portal for RERA registration in the initial phase. The Authority collected only 55 registration applications for agents and issued five with the registration number. The rules were notified by the state government of Tamil Nadu on 22 nd June and took more than a month to bring the RERA portal to existence. The fees for Agent registrations in the state is Rs 25,000 for individuals and Rs 50,000 for other than individuals. The license will be valid for a period of 5 years, following which a renewal will be required. ...

The Government might make Aadhar compulsory for buying property.

Thursday 10th August 2017

The Central Government has already shown their concern well in the Real Estate sector by implementing the Real Estate (Regulatory and Development) Act and are eying to make some more powerful decisions in the coming future to improve the buyer’s experience in the industry. The government is recently trying to make the Aadhar mandatory for buying property, which will help to link the number of properties an individual has registered on his name. This will bring transparency and also help to maintain proper records of the buyer. ...

Real estate stocks suffer steep fall due to delayed implementation of RERA.

Wednesday 9th August 2017

Nifty Realty Index saw a drop in the realty stocks, which is the result of slow-going procedure for RERA registrations in many states and also the recent decision of the banks to not provide the builders with loan unless registered with the Act. The shares of HDIL, DLF, Delta Corp were among others affected by the lack in timely implementation of the RERA Act. More than 10 states are yet to notify the endmost rules, while the deadline for the same has ended. ...

Post-RERA deadline, Maharashtra CREDAI to organize session on RERA awareness.

Wednesday 9th August 2017

CREDAI, Confederation of Real Estate Developers Associations of India, Maharashtra, will be hosting an event alerting about the RERA registrations post the deadline. They are also expected to address the registrations for new projects in future and the procedures or restrictions relating the same. CREDAI-Maharashtra is flagship organization of all the Associations of Builders and Developers of Maharashtra encompassing over 75% of the organized Real Estate Sector in the State except Mumbai. ...

More than 1,000 projects registered with MahaRERA after the deadline.

Saturday 5th August 2017

The Maharashtra Authority for RERA registrations, MahaRERA, registered a little more than a thousand registrations in a time span of just four days after the deadline passed. 480 projects registered with the authority on 1 st and 2 nd August, and had already been fined a sum of Rs. 50,000 each. The authority also announced a separate fine on registrations done on and after 3 rd August which will be fixed later, which stands for more than 500 projects as of now. The total number of projects registered till Friday is 11,620. ...

Noida Home buyers to take UP-RERA to High Court.

Saturday 5th August 2017

The Noida based Association of home buyers, Noida Extension Flat Owners Welfare Association (NEFOWA), has decided to challenge the UP RERA in the Allahabad High Court. The real estate buyers are unhappy with the changes that have been made by CM Yogi’s cabinet to the RERA Act before notifying. The Act has been made too lenient for the builders in the state and thus have been asked to justify its validity. The Association will also protest on the same at GNIDA Office on 10 th August,2017. ...

Telangana government notifies RERA rules.

Friday 4th August 2017

The Telangana Cabinet on Thursday notified the final rules and regulations for the RERA Act implementation in the state. These guidelines would have to be followed by all the real estate projects in the state. The Telangana government also announced the formation of a Real Estate Regulatory Authority for conducting the whole procedure for the state. With the deadline for registrations already gone, it is expected that Telanaga will start with the registrations as soon as possible. ...

Builders in Haryana demand 3-month extension for RERA registration !

Thursday 3rd August 2017

The Real Estate Developers of Haryana have demanded of an extension in the RERA deadline for ongoing projects by a period of three months. Haryana Cabinet notified the final rules on 28 th July,2017, which gave builders a time of only three days to get done with the registration process. The Haryana government delayed the notification by three months, as they had to provide the circular with the onset of month of May. ...

Pune Development Authority to give an account of all the unregistered projects to MahaRERA.

Thursday 3rd August 2017

The Pune Metropolitan Region Development Authority (PMRDA), following the end of registration process for ongoing projects, will hand over the details of the unregistered projects to the Maharashtra RERA Authority. It is expected that the Maharashtra RERA Authority will take some strict action or impose heavy fines on these projects soon. MahaRERA has already announced a penalty of Rs 50,000 on 480 projects registered after 31 st July, earlier. ...

UP cabinet extends RERA registration deadline !

Wednesday 2nd August 2017

The Uttar Pradesh Government on Wednesday announced extension to the prior deadline of 31 st July for the registrations of ongoing projects in the state. The deadline that has been set now is – 15 th August, 2017. Registrations can be done within this time limit for all kinds of project without paying any kind of fines. There are three brackets of Penalty introduced for three different time phrase following the 15 th August deadline. August 16 – August 31 : 1% Penalty September 1 - September 15 : 5% Penalty September 16 – September 30 : 10% Penalty ...

With mere 800 projects registered in Bengaluru within the deadline, builders look for an expansion of RERA deadline.

Tuesday 1st August 2017

With the termination of the RERA deadline for ongoing projects yesterday, builders in Bengaluru now seek to get an extension to the previously set deadline. There have been less than 800 registrations of projects so far in Bengaluru which was expected to be much higher. Now with the passing of the deadline, builders quest for an extension to the deadline in order to keep away from paying hefty fines. ...

RERA registration for ongoing projects comes to an end in Maharashtra, defaulters to pay heavy fine !

Tuesday 1st August 2017

Maharashtra Real Estate Regulatory Authority, the assigned body for RERA registrations in the state, observed large traffic on their official handle for the last- minute rush on 31 st July 2017. With this, the deadline for registrations of ongoing projects in the state has concluded. CM Devendra Fadnavis also tweeted on the last day of registrations and informed that approximately 2100 developers and 4682 projects have been enrolled so far on MahaRERA. The total number of applications received for projects are 6748. However, there are few developers who have not managed to meet the deadline to register. All the developers who have not yet completed the process are expected to be fined heavily and face further consequences. ...

Building plans to be approved online from August, in Bhubaneswar.

Tuesday 1st August 2017

The Real Estate Developers of the city of Bhubaneswar is going to witness a landmark in industry. From the month of August, the builders will be able to approve their plans completely online. This will be of great convenience to the builders as this will help them skip the entire lengthy process of getting nod from the Building Development Authority (BDA). The same platform is expected to spread out in other cities of the state soon. ...

RERA deadline dragged to 31 st October in GOA !

Tuesday 1st August 2017

The RERA registration deadline, that was set to be 31 st July, has now been expanded to 31 st October in the state of Goa for all the ongoing as well as new projects. The extension comes as a result of delay of providing the notification rules to builders, by the state government. However, there is still no surety as when the rules for the same will be made available to the builders. ...

Punjab RERA to skip holiday, will accept registrations on 31 st July as well !

Saturday 29th July 2017

The Government of Punjab has decided to welcome applications for registration under RERA on 31 st July as well, which is a state holiday in Punjab on account of Martyrdom Day of Shaheed Udham Singh. The applications will also be received on 29 th , which is a Saturday. This will help the real estate developers of the state to register themselves before the set deadline of 31 st July. However, it is unlikely that all the developers will register before the deadline as due to the low traffic that has been observed in the initial phase of launching of the portal. ...

Tamil Nadu gets RERA website, receives lukewarm response.

The Government might make Aadhar compulsory for buying property.

Real estate stocks suffer steep fall due to delayed implementation of RERA.

Post-RERA deadline, Maharashtra CREDAI to organize session on RERA awareness.

More than 1,000 projects registered with MahaRERA after the deadline.

Noida Home buyers to take UP-RERA to High Court.

Telangana government notifies RERA rules.

Builders in Haryana demand 3-month extension for RERA registration !

Pune Development Authority to give an account of all the unregistered projects to MahaRERA.

UP cabinet extends RERA registration deadline !

With mere 800 projects registered in Bengaluru within the deadline, builders look for an expansion of RERA deadline.

RERA registration for ongoing projects comes to an end in Maharashtra, defaulters to pay heavy fine !

Building plans to be approved online from August, in Bhubaneswar.

RERA deadline dragged to 31 st October in GOA !

Punjab RERA to skip holiday, will accept registrations on 31 st July as well !

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