Delayed Possession How RERA Or New Real Estate Act Can Protect Home Buyers

Delayed Possession: How RERA Or New Real Estate Act Can Protect Home Buyers

In 2010, Neena Nagpal and her husband spent their life savings on a flat outside Delhi that was never built. Now, a new law seeks to protect thousands of home buyers like her from unscrupulous property developers. “The entire experience has been painful,” says the 54-year-old, whose husband recently died, leaving her to take care […]

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 […]

Real Estate Regulation Act How it will change the paradigm

Real Estate Regulation Act: How it will change the paradigm

The Real Estate (Regulation and Development) Act (RERA), 2016 is less than a fortnight away from the deadline for state governments to notify their version of rules and bring in legislation for the same. Regulations which appear disruptive in the short term lead to sustainable expansion of the market over the long term. This has […]

Tribunal to banks Freeze Unitech accounts

Tribunal to banks: Freeze Unitech accounts

GURUGRAM: Taking cognisance of Unitech not refunding money to those who had invested in its fixed deposit scheme, National Company Law Tribunal (NCLT), in an order issued on April 20, has directed banks to freeze four accounts of the real estate giant, three in Gurgaon and one in Chennai. The banks were directed to submit […]

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Protest within 12 years or lose property to squatter

NEW DELHI: If a person does not protest someone illegally occupying his property for 12 years, then the squatter would get ownership rights over that property, the Supreme Court has ruled. A bench of Justices R K Agrawal and A M Sapre said if a person proved actual, peaceful and uninterrupted possession of a property […]

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