A detailed article where you will know every thing about an arbitration clause and how it can impact the Builder-Buyer agreement.

The Real Estate Regulation and Development Act (RERA) should have been enacted earlier to check the malpractices of builders, Prime Minister Narendra Modi said on Wednesday, following the Supreme Court’s stay on an NCLT order suspending real estate major Unitech directors and allowing the government to appoint its nominees in their place.

This article is going to shed some light on the list of the frauds by the builders. These frauds have become the front pages’ news and buyers are now in fear that what if they face the same issue.

With the growth in Real Estate sector, the no. of issues, complaints and fraud have also increased. Let’s understand the RERA laws and grievance redressal system in Haryana.

How to file RERA complaint or complaint before RERA against builder, or complaint before State RERA, we need to understand the brief of RERA laws, its purpose and other points.

Directors of companies that defaulted on statutory compliances from serving on the boards of other firms to improve corporate governance and check financial irregularities through the use of shell companies.

Investing in mutual funds has always been a commotion as there is the huge amount of risk involved, fixed returns and the investment style.

Data Protection Law is the mechanism which is likely to be in place by December which will adhere with Supreme Court’s judgment on the right to privacy.

Covering those issues regarding RERA registration of Real Estate, we have prepared some FAQs which would clear the major of doubts.

The Real Estate (Regulatory and Development) Act, 2016 has commenced from May 1, 2017. The first set of Rules and Regulations in Real Estate Industry has become a reality now.

As per section 3 & 4 of ‘Real Estate (Regulation & Development) Act, 2016 read-with rule 4 of above Rules, for the real Estate projects that are ongoing and have not received completion certificate

Every real estate agent needs to take prior registration with RERA authority of Maharashtra before dealing in any transactions relating to sale/purchase, advertising or brokerage of the property of a project registered under this Act.

As per REDA, no promoter can sell/book/advertise or enter any agreement for sale any part of the project without prior registration with RERA authority.

Builders are already saddled with under construction projects and will face tough times in bringing them under RERA, complying with new norms, arranging funds that they would have already diverted and then completing those within the new agreed time period.