The National Housing Bank (NHB) has asked housing finance companies (HFCs) to “desist from offering” loans for subvention schemes offered by developers.
Tag: RERA Act
UP RERA orders forensic audit for all projects being developed by 3C
Real Estate Regulatory Authority in Uttar Pradesh orders Forensic audit of errant developer 3C.
Rajasthan RERA Swings into Action
Rajasthan RERA get into action at full swing as the appointment of the chairman, other officials and retired judges in the Appellate Tribunal is already done in May.
RERA: When builder does not deposit the 30% amount for filing an appeal
The developer was directed by the RERA Authority to return the money of the few-flat buyers. However, the order was challenged but the builder was unable to deposit the amount required.
Does States have the power to dilute the RERA Act
The RERA laws explicitly says that the appropriate government shall only make rules for the smooth functioning of the act and it does not say anything about States powers to dilute the Central law.
Does RERA have sufficient powers to align with the purpose of the act?
The RERA Authorities of the various States have passed some landmark Judgments as RERA law provides them sufficient powers for the smooth functioning of their duties and role.
New Year to bring changes in RERA
Central government is looking forward to bring a (removal of dificulties) order under section 91 of Real Estate and Regulation Act 2016.
RERA should remain the same for next few years
RERA Act, 2016 and further with more positive reforms a new face of real estate sector free from all encumbrances will evolve.
Mandatory display of sanction plan irrespective of the RERA Registration
An order passed by the Supreme Court, every project whether registered or not shall have to display the sanction plan of the project at the site of the project.
RERA in last one year for homebuyers
This is not compulsory that all RERA registered projects are investment worthy ,there are many projects registered under RERA on which investing money will become the worst decision of your life.