2018 – A boom for Karnataka Real Estate Industry
The floating population of Bengaluru is too high due to the raise of IT industries, the development of residential projects were also in a free flow since 2011.
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2018 – A Year of Consolidation for Smaller Developers
Now a days the smaller developers are consolidating and have started merging with the Tier-1 developers for the sake of surviving into the field.
Builders cannot use Intent of disapproval to commence Construction
Intent of Disapproval has no nexus to proceed with the construction and it cannot be equated with Commencement Certificate, it is only a stage before obtaining a Commencement Certificate.
Indian Real Estate is on an upward trajectory
Looking back at 2017 in terms of real estate and economy it has been an eventful year wherein finally after the market was in a complete mess the RERA.
DLF reopens sales, sells Rs 300-Cr flats in Gurgaon in Nov
Realty major DLF sold housing properties worth of about Rs 300 crore in Gurgaon in November when it reopened sales after five months of suspension.
Number of unsold housing units lapsed to 6.85 Lakh across 7 cities
Recently, as per a property report number of unsold housing units lapsed to 6.85 Lakh across 7 cities. The national capital region (Delhi-NCR) has the maximum number of untaken units at 2 lakh, although the number has declined by 12,000 units from the September quarter of 2016. Greater Noida has maximum share of unsold inventory, … Continue reading “Number of unsold housing units lapsed to 6.85 Lakh across 7 cities”
Fraud by the Builders
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.
No Amenities as Promised by the Builder
Builders are trying to get the Customers by providing various amenities but sometimes Builders gets off from their path and these amenities just become the part of the marketing stunt.
Delay in Possession of the Flat
This article is about just to shed some light on the issue to understand this predicament of Delay in possession of the flats.
AAP Hit on the State for Tributary Support to Builders
Aam Aadmi Party hit on the State Government and deemed that Haryana RERA is in one breath with developers which is why the diluted RERA has spared them.
Union Minister M Venkaiah Naidu Appeal State Not to Miss Deadline: Any Disorder Will Not be Tolerable
The letter states, “If the rules are not notified under the Act immediately and the Regulatory Authority established by July 2017,
Will GST Hit Real Estate Down?
As GST (Goods and Services Tax) Council still prolongs to meet to fix rates and streamline rollout procedures for the new tax regime, people are still bewildered whether under GST property rates will access or not ?
WILL STATE BE RESPONSIBLE FOR AFFECTING THE UPKEEP OF BUILDERS AND WORKERS?
As per central government recent press release, it is clarified that no developers shall be allowed to market their projects without getting registration under Real Estate Regulatory Authority (RERA).
NO SALE WITHOUT REGISTRATION CLARIFICATION FROM CENTRAL
As per RERA Act every state had to frame rules in respect of Real Estate Regulation Act till 1st of May 2017 but till now many states have not yet notified their rules.
Maharashtra Real Estate Regulator Take Action against Firms Who “Mislead Consumers”
MahaRERA has imposed a fine of Rs. 1,20,000 on Sai Estate Consultant, for advertising unregistered real estate project of Haware Builders and misleading the consumers.
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