After the implementation of the RERA Act 2016, there are certain recent amendments made by State RERA Authorities, specifically in the MahaRERA as per the decisions given by the Bombay High Court. The main purpose behind enacting the Act was to bring relief to the homebuyers and purchasers and restrict the developers and builders from exploiting the purchasers due to lack of … [Read more...] about RECENT AMENDMENTS MADE BY STATE RERA
One should have an overview of RERA Act 2016, as everyone wishes to have their own house at some point in their life. A house is like their one time investment, where all savings are invested to build a home out of it. No one wishes to be betrayed in their special moments of making such big transactions. But there have been instances when buyers have been cheated by the … [Read more...] about OVERVIEW OF RERA ACT 2016
There is list of offences and penalties under RERA Act with respect to the default of real estate agent, promoters and even allottees. Even though the main objective of RERA was to regulate and promote transparent working of real estate sector, it also mentions the offences committed by different parties and the penalties for those offences. Real Estate Regulation and … [Read more...] about OFFENCES AND PENALTIES UNDER RERA Act 2016
The registration process under RERA Act 2016, is quite different in each state, as land is a state subject matter and Centre cannot impose any specific process or fee for registration. So, it is upon respective State RERAs to mention the particular registration process of real estate projects. It is often stated, that one of the striking features of RERA Act is that … [Read more...] about Registration process under RERA Act 2016
It is important to know, how to execute RERA order as India’s real estate market is governed majorly by laws of RERA and thus, it is the duty of the defaulter party to execute the order of RERA judiciously. The Real Estate Regulation and Development Act (RERA) is marked as one of the strongest enactments in the field of real estate sector. The Act has increased the levels of … [Read more...] about How to Execute RERA order under the RERA Act 2016?