Real Estate Act comes into effect 10 things you need to know about new law

Real Estate Act comes into effect: 10 things you need to know about new law

The Real Estate (Regulation & Development) Act, 2016, the landmark realty law to protect home buyers from unscrupulous developers, will become operational from Monday, nine years after it was conceived. The act was cleared by Parliament in March last year. Under the act, states had to notify the realty rules and set up Real Estate […]

Buying a house in India will no longer be a nightmare

Buying a house in India will no longer be a nightmare

The Narendra Modi government has notified that the new Real Estate (Regulation and Development) Act will come into effect from May 1. Every state should now create a real estate regulator in compliance with the new law. The consequences will be a sea-change for the better in a sector of the economy that is a […]

Real estate body may not help buyers in Noidas stuck realty projects

Real estate body may not help buyers in Noida’s stuck realty projects

The real estate regulatory authority (RERA) that is likely to be formed in Uttar Pradesh soon will not benefit homebuyers who have invested in realty projects that are currently stuck, according to officials of the Noida authority. Officials said that RERA will not be able to resolve complicated cases, wherein buyers have paid the total […]

Broad-based PMAY scheme offers affordable housing options to buyers

Broad-based PMAY scheme offers affordable housing options to buyers

India’s middle class population was estimated to be 27 crore in 2016. The number of middle class households in India is likely to double by 2025 to 54 crore. This segment makes substantial contribution to the economic growth of the country by paying taxes. However, for many years, the aspiration of owning a home has […]

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