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RERA and You

How will RERA impact you as a real estate buyer?

The Real Estate (Regulation and Development) Act, 2016 (RERA) is effective from May 1, 2017, and covers all the residential and commercial projects in every state. RERA is aimed to protect the interest of consumers, promote fair play in real estate transactions and to ensure timely execution of projects. Read on to find out the developments around RERA and how it will impact you as a buyer of a real estate property.

ET View: Amend IBC to bring it in sync with RERA

For this, the government must amend the IBC to recognise the legitimate claim of home buyers. After all, they use their lifetime savings to invest in a house.

'Pagdi’ buildings may be brought under RERA

The Pagdi system, which has been in existence since pre-independence era across many parts of the country, is a rental model.

Maharashtra RERA calls for action against 293 projects lacking requisite nods

Over the past one year, MahaRERA has received about 9,000 e-mails giving details of such projects. Of this, about 7,300 emails were found to be valid.

One year of RERA: Tardy implementation restricts gains

Considering the pros and cons, RERA needs to cover a lot of ground for its effective implementation, in order to serve its desired purpose.

Appellate tribunal of MahaRERA in place

Appellate tribunal of MahaRERA in place

The permanent appellate tribunal will hear appeals against the orders passed by MahaRERA. Homebuyers and developers can approach it for overruling a

74% home buyers unaware of RERA compliance check process: Report

"Seventy four per cent of respondents do not know that it is mandatory to check if the project is registered with the state Real Estate Regulatory Authority (RERA) and how to go about checking it on the RERA website," said the Magicbricks Consumer Choice Poll.

RERA remains a work in progress after one year: View

We need a RERA authority monitoring the process of statutory approvals. India ranks a very low 181 out of 189 countries in ease of getting construction permits.

One year of RERA: 14 states still have no portals

The appointment of an authority under RERA in every state was expected to go a long way towards regulating the sector and making it transparent.

1 year of RERA: Not much has changed for the homebuyer

As the first anniversary of RERA draws closer, so does the knowledge that the implementation across states is nowhere close to its goal.

Appellate Tribunal asks MahaRERA to initiate action against architect for incorrect certificate

Appellate Tribunal asks MahaRERA to initiate action against architect for incorrect certificate

While hearing an appeal, the tribunal found out that a builder during a hearing in MahaRERA had said that building has occupation certificate.

Not yet received possession of flat? Here's how RERA can help you

RERA rules will not only impact new buyers but also help those who are yet to receive possession of their real estate property.

Builders rush for Occupancy Certificates to duck the new Real Estate Act

A plausible reason could be that they may not wish their on-going project to fall under the purview of RERA, which is set to become effective from May 1.

Are on-going realty projects being covered under RERA in your state?

Each State and UT will have its own Regulatory Authority showing records of all projects registered with them on its website.

Karnataka RERA becomes new name for red tape

Sections of developers and home buyers are disappointed that the authority is acting more like another urban civic body rather than learning from KERC.

Realty Queries: New projects need to show RERA registration number

Realty Queries: New projects need to show RERA registration number

Shveta Jain MD, Real Estate Private Wealth Services, answers queries from our readers on real estate.

MahaRERA rejects home buyer's plea

It said that the issue of compensation was already decided by civil court of Pune.

Maharashtra Rera rules dilute Act, say home buyers

"RERA allows a flat buyer to withdraw from a consumer body, a pending case in a pending project over delayed possession and file a complaint under RERA."

Builders give home buyers one deadline and RERA another to avoid penalty

Developers registering projects with the Maharashtra Real Estate Regulatory Authority are mandated to declare the delivery date of projects.

Housing inventory at 10-Qtr low on back of RERA, Demonetisation

As a result of the changing market dynamics, developers have been going slow on new project launches compared to previous years,” said Anuj Puri, chairman — Anarock Property Consultants.

Five realtors sign up as RERA enters Tamil Nadu

Five realtors sign up as RERA enters Tamil Nadu

The Tamil Nadu RERA, 2017, notified by state government notified on June 22, make it mandatory for real estate agents and property dealers to regist

Banks to shut out builders without RERA listing

Banks have also sought additional collateral, including on personal properties of promoters, as guarantees while disbursing loans to a few real estate developers.

RERA, GST pull down Real Estate Sentiment Index for Q2 2017

Uncertainty over RERA and GST created confusion among stakeholders and pulled down the Real Estate Sentiment Index for Q2 2017.

RERA deadline ends. Only 15 states have notified rules, 6 states are online

Out of 29 states, only 15 states had notified the final rules of the real estate regulatory Act (RERA) while all seven UT's had notified them.

RERA: Bengaluru builders seek 90-day period for registrations

“The regulatory authority has begun functioning, the principal secretary is heading it for the time being. The government will soon appoint a regular chairman.”

NCR homebuyers plot HC move in RERA protest

NCR homebuyers plot HC move in RERA protest

Under the definition of 'ongoing projects' as per Section 'h' of the notification, most flats are likely to remain outside of UP RERA.

Rera: Why change from CC to OC is bothering Gurugram, Noida buyers

The central Rera stipulated that housing projects that have received a CC before May 1 would not be under the law's purview.

Builders' body CREDAI to hold awareness sessions on RERA rules in Maharashtra

Maharashtra Credai president Shantilal Kataria said in a survey they found that only 10 developers had registered after the July 31 deadline.

Maharashtra Real Estate Regulatory Authority gets charge of two union territories

According to an estimate of MahaRERA, there are around 800 ongoing real estate projects in these two UTs in Western India.

Most ongoing projects in NCR will be out of RERA ambit

Both Haryana and Uttar Pradesh have decided to keep outside the purview of RERA projects that have been issued, or applied for, occupancy certificates.

MahaRERA may take suo motu action against realtors for registration non-compliance

MahaRERA may take suo motu action against realtors for registration non-compliance

According to developers, there are more than 20,000 ongoing realty projects across the state that had to be registered with the authority.

990 projects registered on last day with Karnataka RERA

According to a source from RERA Karnataka, a total of 990 projects and 354 real estate brokers registered on the last day of registration.

Government: Builders ignoring RERA will face action

With 3 days left and the official portal to register the projects being unveiled only two weeks ago, promoters in Tamil Nadu are in a quandary.

Buyers plead with government for correction of definition of 'ongoing projects'

Projects where services have been handed over to local authority for maintenance and common areas have been handed over to RWA are excluded.

15,000 complaints flood Uttar Pradesh RERA site on Day 1

In Gautam Budh Nagar, including Noida and Greater Noida, there are over 80 ongoing projects by 58 builders.

Here's why you should wait till 31st July for RERA compliant homes

Here's why you should wait till 31st July for RERA compliant homes

As per RERA, all on-going projects as on May 1, 2017, have to get registered within a period of three months i.e. till July 31.

Uttar Pradesh RERA website to be launched today

The registrations will happen through online applications and will be done under the state RERA rules that were passed in December 2016.

Haryana clears RERA, defines its ongoing project clause

Haryana RERA had received a total of 1,874 objections and suggestions from CREDAI, other developers, resident welfare associations and individual consumers.

MahaRera tweaks norms to allow project revisions

MahaRera announced the changes a circular issued to encourage developers to speed up the registration of their projects with the authority.

Maharashtra RERA to crack whip on unregistered realtors

Real estate developers peg the number of ongoing constructions at 3,000-5,000, but RERA authorities say the actual number is higher than 10,000.

Goa builders may get more time to register under RERA

Goa builders may get more time to register under RERA

Goan builders will get three months from the date of notification to register under RERA as the state has failed to notify the RERA rules till date.

Want to buy house in Maharashtra? Here's how to find RERA compliant projects online

Each Regulatory Authority in the state is required to maintain a website with details of registered real estate projects for public viewing.

All states must notify rules related to RERA by July 30: Venkaiah Naidu

All the states have to approve the regulation, notify the rules, appoint regulators and operate regulatory authorities also by July 30, he said.

Will RERA impact real estate prices?

The large amount of inventory overhang in the system, will probably keep the price rise at bay till the supply gets over.

How RERA is expected to change your home buying experience from May 1

Separate account for every project undertaken wherein 70 percent of the money received from the buyers shall be deposited.

RERA likely to delay delivery of ongoing projects: R K Arora, Supertech

RERA likely to delay delivery of ongoing projects: R K Arora, Supertech

"Earlier it was 3 years for normal projects, now under RERA we will be taking about 4 years to complete the project": R K Arora, Chairman, Supertech

Jail for home buyers under RERA: Was it required?

Developers say that any Act having no control over the buyers would have been meaningless. Even buyers need to be disciplined.

Builders will have to give 5-year warranty against structural flaws as per RERA

If a developer wants to save himself from the pain of poor construction, he will have to keep tabs on agencies he conducts business with.

Real estate bodies won't move court against RERA

CREDAI has asked its members to go for registration of ongoing projects as per rules notified by state governments as it helps build confidence among buyers.

Builders take Centre to court, say RERA illegal since it is a ‘retrospective’ law

Builders' demand to exclude incomplete projects was turned down by the Centre saying the law was enacted to bring relief to crores of home buyers.

RERA likely to weed out 4,000 ‘fraud’ realty agents in Maharashtra

RERA likely to weed out 4,000 ‘fraud’ realty agents in Maharashtra

Around 4,300 of the 12,000 real estate agents or brokers across the state have registered themselves under RERA and another 4,000 may be added soon.