Real Estate (regulation And Development) Act 2016 News

The real estate industry is expected to have strong growth in 2023 as a result of technical advancement, acceptance of digitalization, the accomplishment of infrastructure investments in a stable manner, demand, and NRI investments in the nation.

While the new IBC ordinance benefits homebuyers, promoters will not really lose out, so long as the promoter is not a wilful defaulter

New real estate project launches in June quarter have declined 60% from a year ago, even as stalling rates remain at an all-time-high with more than 2.5 trillion stuck

The JLL report, however, said that India is one of the 10 countries that have registered maximum improvement in transparency in real estate over the last two years

In the top 10 cities, there are around 45,000 developers and one shouldn't be surprised if the market is ultimately left with fewer than 20,000 developers

Two years after the RERA Act was enacted, 15 states still don't have a separate website for a real estate authority that each state was mandated to set up

Provisions that protect consumers are very basic and builders can still withdraw 30% of customer funds to buy land

Delivering homes on time is no longer a matter of choice for developers amid rising awareness and stringent norms

From 1 August, developers of commercial and residential properties can sell only projects that have a registration number under the Real Estate Act

With demonetisation hitting real estate hard, further disruption due to the Real Estate Act (RERA) is decidedly unwelcome