Reviving Market: A RERA Prospective
The article lists out the factor affecting the fall in prices in the real estate sector affecting the builders, promoters and buyers as well.
The article lists out the factor affecting the fall in prices in the real estate sector affecting the builders, promoters and buyers as well.
New Delhi: The Supreme Court on Wednesday stayed an order of the National Company Law Tribunal (NCLT) that allowed the government to take control of troubled builder Unitech Ltd by suspending its board. “NCLT should not have passed the order. We direct the stay of the order dated 8 December,” said Chief Justice Dipak Misra. The … Continue reading “Supreme Court stays NCLT order allowing government to take control of Unitech”
Though the Central Authority allows secondary modifications as per the sources Telangana regime has decided to keep the Central Act as it is making nominal changes.
The letter states, “If the rules are not notified under the Act immediately and the Regulatory Authority established by July 2017,
RERA Authorities has prescribed a simple and transparent procedure for registration of Real Estate Projects and Agents.
There is a large chunk of unsold inventory across the locations and available with almost all the builders. They would in all likelihood be trying to offload them and even offer a reduced rate along with other freebies. Buyers showing renewed interest in this market have to be cautious as the chances of falling into a trap could be high.