A group of homebuyers is worried, Whether the notified rules will affect the position of homebuyers in Haryana. Hence recently the homebuyers
Every real estate agent needs to take prior registration with RERA authority of Punjab before dealing in any transactions relating to sale/purchase, advertising or brokerage of the property of a project registered under this Act.
As per section 3 and 4 of Real Estate (Regulation & Development) Act, 2016 (RERA) readwith Rule 3 of above rules, no promoter/developer can sell, advertise
In this context, the Haryana RERA issued show-cause notices to 10 developers on Friday for advertising their projects without getting registered under the Haryana Real Estate Regulation Act (H-RERA).
the real estate brokers are giving their feet some rest, as they are no such deadline for them but in the same line they can only deal in with RERA registered projects.
MahaRERA allowed developers to advertise and market their on-going projects till the end of 90 days from the date of notification of the Act i.e. till July 31st but after that, they have to register themselves
The letter states, “If the rules are not notified under the Act immediately and the Regulatory Authority established by July 2017,
1st of May 2017 marked as a revolutionary date in the history of Real Estate sector as on this date “The Real Estate (Regulation & Development) Act” had come in force.
The Government of Tamil Nadu has missed the deadline for the assurance of RERA Rules although a draft copy has been released which is subject to ratification.
Confederation Real Estate Developers Association of India (CREDAI), Bhopal, anticipate around 6% rise in cost of project after GST.