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RERA: Ensuring a fair deal to buyers

Edit The Times of India 06 Nov 2016
The state urban development department on Friday issued a small note on the provisions of Real Estate Regulator Act (RERA), whose rules have been notified in the state just before Diwali. Apart from notifying the setting up of a regulatory authority, there are several features of RERA that will ensure a fair real estate deal to a buyer, the note mentioned....

Buyers write to CM for speedy implementation of RERA in UP

Edit The Times of India 06 Nov 2016
NOIDA ... Nefowa has been a front runner in the nationwide buyers' movement, 'Fight for RERA' ... This implies that the UP RERA once made applicable, will cover approximately 2 lakh apartments freshly launched, or partly constructed apartments in Noida, Greater Noida and Expressway regions ... "RERA is beneficial for buyers, builders and the real estate industry as a whole ... Stay updated on the go with Times of India News App ... RELATED....

Government notifies new regulatory authority for real estate

Edit The Times of India 03 Nov 2016
AHMEDABAD. In a major move, soon after ratifying the rules under Real Estate (Regulation and Development) Act (RERA), 2016, the Gujarat government has notified the formation of a Real Estate Regulatory authority headed by a chairman ... The state rules under the statute will come into force from May 1, 2017 ... RELATED. From around the web....

Dubai to update property rental index this month

Edit The National 02 Nov 2016
The planned update will reflect the real rental values of all types of rental units in the different areas that are registered at the Real Estate Regulatory Authority (Rera) through the Ejari system, Mr Yahya ......

Home buyers’ sentiments upbeat as Rera gets notified

Edit The Times of India 01 Nov 2016
A combination of pre-Diwali sales coupled with responses on the implementation of the Real Estate Regulatory Act (Rera) show people in the city are ready to buy and those who want to own a house are going to increasingly choose Noida over other parts of NCR. With the Rera notified by the Union government and now being implemented at state level, the buyer's sentiment in NCR seems to be on a recovery....

Builders to pay 10.9% interest for delay in house delivery

Edit The Times of India 01 Nov 2016
NEW DELHI. The Union government notified rules on Monday to implement the Real Estate Regulation Act (RERA), which will enable buyers who have invested in real estate projects - including existing ones - to secure interest at 10.9% per annum for delayed possession ... As per the provisions of the RERA, 2016, the regulatory authorities have to be put in place by April 30, 2017, a day before the full Act is brought into effect ... RELATED....

State notifies rules under RERA Act

Edit The Times of India 30 Oct 2016
Ending uncertainty over framing of norms by the state under Real Estate (Regulation and Development) Act (RERA), 2016, Gujarat government on Saturday notified state rules under the statute, which comes into force from May 1, 2017 ... "Although RERA Act will be implemented from May 1 next year, all projects launched from November will be regulated under the law as ongoing projects," Patel added....

After RERA, buyers will be able to officially purchase parking slots

Edit The Times of India 30 Oct 2016
The Maharashtra government is in the process of finalising rules for implementation of the Real Estate (Regulation and Development) (RERA) bill ... Officials said while a Supreme Court order based on the Maharashtra Ownership of Flats Act (MOFA) today does not allow a developer to sell a parking slot, under the RERA Act, it is identified as a unit and can be sold ... "RERA's role will be to regulate and help develop the real estate market....

Center may notify real estate bill on Monday that imposes 12% interest on builders

Edit The Times of India 30 Oct 2016
The Central government on Monday might notify rules to implement the Real Estate (Regulation and Development) Act (RERA), which will make it mandatory for builders to pay 12% interest to home-buyers for any delay in handing over apartments ... RERA will go a long way in addressing the hardship that the existing home-buyers are facing due to delay in possession, which in some cases is up to 10 years or more....

Soon, flat buyers could officially buy parking lots

Edit The Times of India 29 Oct 2016
Officials said while a Supreme Court order based on the Maharashtra Ownership of Flats Act today does not allow a developer to sell a parking slot, under the RERA Act, it is identified as a unit and can be sold ... Even ongoing projects that have not been issued a completion certificate will need to register with RERA within 90 days of the Act coming into force ... "RERA's role will be to regulate and help develop the real estate market....

Builders to pay 12% interest if project delayed

Edit The Times of India 29 Oct 2016
NEW DELHI. The government is likely to notify on Monday rules to implement the Real Estate (Regulation and Development) Act (RERA), which will make it mandatory for builders to pay 12% interest to home-buyers for any delay in handing over apartments ... RERA will go a long way in addressing the hardship that the existing home-buyers are facing due to delay in possession, which in some cases is up to 10 years or more....

Mario Volpi: Dubai tenant's absent landlord complicates rent and maintenance payments

Edit The National 27 Oct 2016
I signed a contract last year for an apartment and paid in cash. I found the property on Dubizzle as listed by the landlord's agent. The agent apparently only passed on half of my payment and then left the real estate company ... With reference to the fraudulent activity of the original agent, I would definitely suggest you report this to Rera, if nothing else to stop others from thinking this is normal behaviour ... ....

Dubai renter's absent landlord complicates rent and maintenance payments

Edit The National 26 Oct 2016
I signed a contract last year for an apartment and paid in cash. I found the property on Dubizzle as listed by the landlord's agent. The agent apparently only passed on half of my payment and then left the real estate company ... With reference to the fraudulent activity of the original agent, I would definitely suggest you report this to Rera, if nothing else to stop others from thinking this is normal behaviour ... ....
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