Free Press Journal
  • Bhopal: Allottees have to take 5-yr guarantee on construction: RERA chairman

    Bhopal: Any contract made with Madhya Pradesh Housing Board/Developers and allottees will have to be fulfiled. Five-year guarantee of construction work will have to be taken and houses will have to constructed on time. If provisions of RERA Act are not complied with, the allottee can take payment with interest and compensation from them. RERA chairman Antony de Sa gave this information at a workshop of officials of Madhya Pradesh Housing Board.

  • RERA: Everything you must know about the Real Estate Act

    To regulate the real estate sector, the government has come up with the idea of Real Estate Regulatory Authority (RERA) Bill which is expected to help buyers. RERA is supposed to protect the interest of the homebuyer and ensure timely delivery of projects. Real Estate Regulatory Authority (RERA) Bill was introduced in 2013 and finally the bill got approved in March last year.

  • RERA to cover all new slum redevelopment projects in Mumbai

    Mumbai: Although potential property buyers are relying on Real Estate Regulatory Authority (RERA) act to save them from developers’ wrongful acts, occupants who have been rehabilitated have no such special regulatory to bank upon. The RERA committee has clarified that only the saleable area of old rehabilitated structure will come under RERA.

  • Mumbai: RERA to register complaints about unregistered projects free of cost till July 30

    Mumbai: In a major relief to citizens, the Real Estate Regulatory Authority has decided to accept complaints about unregistered projects for free of cost from informants until the 90-day period granted to builders to register their projects ends. The law though states that a mandatory fee of Rs 5,000 is required for filing of the complaint.

  • Indore: RERA mantra Transparency, equality and guarantee

    Indore: Recently constituted Madhya Pradesh Real Estate Regulatory Authority (RERA) chairman Anthony de Sa has said that the authority is pubic-centric and not anti-builders. It will function on three principles -transparency, equality and guarantee, he said. Project brochure will be part of builder’s liability and they will have to inform their customers about the progress of project in every quarter.

  • RERA effect: Mumbai property prices down by around 40%

    Land auctions conducted in Navi Mumbai last week witnessed bids that are 40% lower compared to those in November. The City and Industrial Development Corporation (CIDCO) conducted the land auction.

  • Mumbai: RERA to exclude projects below 500 square metres

    Mumbai: Property buyers seeking an investment in bungalows and row houses below 500 sq mt will now have to give a second thought to it. Even as RERA is expected to protect property buyers from developers’ wrongful act, it will not protect projects under 500 sq metre. This means houses under 5000 sq ft will not come under RERA committee scanner.

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    Mumbai: Realty projects delayed by decade will be now included under regulatory act

    Mumbai: In a relief to occupants of decade-old projects that are delayed due to absence of occupation certificate, Real Estate Regulatory Act (RERA) committee is considering including such projects under the act. Earlier, the inclusion of these projects was not specified in the act; however, the members are now considering overseeing them under RERA act.

  • Mumbai: Housing body yet to upload projects sans OC on website

    Mumbai: With just two months left for uploading real estate projects on Real Estate Regulatory Act website, the Maharashtra Housing and Area Development Authority (MHADA) is yet to ascertain its number of on-going projects that lack Occupation Certificates (OC).

  • Modi Sarkar turns 3: Six significant initiatives taken by the government

    Narendra Modi government complete 3 years in power today. A survey conducted by citizen engagement platform LocalCirles recently showed that while a majority of Indians still have faith in the Modi government and also there is room for improvement. Here’s a look at some major moves taken by the Modi government, the impact of which is debatable

  • RERA becomes real: Will the customer still be king?

    It was a concept that was being spoken of almost nine years ago.  Finally, this government has made it happen.  Nobody thought that the real-estate-developer lobby could be reined in.

  • Mumbai: Number of RERA members likely to rise to cope with complaints

    Mumbai: Even as developers pull up their socks to register themselves on the Real Estate Regulation Act website, the members of the state nodal authority are likely to be increased in keeping with the number of complaints registered.

  • Mumbai: Consumer body points out loopholes in real estate Act

    Mumbai: After revoking and objecting to several provisions in the Real Estate Regulation Act, members of the consumer body, Mumbai Grahak Panchayat, said that there are still some loopholes in the framed rules that need to be plugged.

  • Maharashtra RERA authorities to take action against corrupt officials

    The most dominant industry in the country–the real estate sector– has finally going to under radar of Regulatory Authority. After years of waiting, finally there is a ray of hope for helpless home-buyers in the country in the form of RERA (Real Estate Regulation and Development Act), which became effective May 1, 2017. The Maharashtra RERA authorities have one trick saved under its sleeve, the regulatory body will now also be watching

  • RERA makes buyer the king! Or is it just a myth?

    Real Estate Regulation and Development Act (RERA) of 2016 was implemented from May 1, 2017, onwards. According to the Act, each state and union territory will have a Regulatory Authority (RA) which will form the rules and regulations according to the act.
    But the truth is far from what the government is projecting it to be. The Housing Ministry in its press release said, for the first time 76,000 companies engaged in building and construction

  • RERA in action: No selling without registration, and other rules buyers must know

    The real estate sector, which was earlier a free sector where developers easily flouted rules will, now be under the radar of the Regulatory Authority. After years of waiting, finally there is a ray of hope for helpless home-buyers in the country in the form of RERA (Real Estate Regulation and Development Act), which became effective May 1, 2017.

  • This realty check on RERA is a must read

    To regulate the real estate sector, the government has come up with the idea of Real Estate Regulatory Authority (RERA) Bill which is expected to help buyers. RERA is supposed to protect the interest of the homebuyer and ensure timely delivery of projects. Real Estate Regulatory Authority (RERA) Bill was introduced in 2013 and finally, the bill got approved in March last year.

  • Real Estate (Regulation & Development) Act, 2016 – What now??

    The Real Estate (Regulation and Development) Act, 2016, or RERA, has come into force beginning May 1st, 2017. The law is supposed to protect the interest of home-buyers and usher in transparency and accountability into the otherwise opaque and unregulated real estate sector. For the implementation of these regulations, each state and union territory will have to form their own Regulatory Authority (RA) which will frame regulations and rules according to the