News articles tagged Real Estate Regulations

Mohali's Real Estate Boom: NRIs Tap Into Punjab's Growth Story

Mohali's real estate market attracts NRIs through RERA reforms and streamlined services, offering luxury homes and smart offices with end-to-end dealer support.

Delhi Development Authority's New Approach to Property Documentation

The Delhi Development Authority (DDA) is introducing a new documentation system in September 2024 to provide property buyers with a more organized and secure experience.

Five things the real estate industry anticipates from the finance minister’s budget in 2024

Finance Minister Nirmala Sitharaman presents Budget 2024, anticipating focus on affordable and middle-class housing. Industry seeks tax breaks, GST concessions, and incentives for developers and buyers.

HRERA penalizes real estate promoters for misleading ads

HRERA Gurugram imposes Rs 50 lakh penalty on Countrywide Promoters Private Limited for a misleading advertisement of their real estate project Green Oaks.

MahaRERA instructs L&T to take only 2% when canceling an NRI homebuyer’s reservation

MahaRERA orders L&T Realty to return payment with a 2% deduction, following a similar ruling against Godrej Properties.

The Gurugram real estate regulator fines a developer for running deceptive advertising

Yashvi Homes Pvt Ltd has been fined Rs 25 lakh by RERA Gurugram for misleading advertisements regarding their Golden Gate Residency project under DDJAY.

The MahaRERA and the Advertising Standards Council will use artificial intelligence to monitor real estate advertisements.

MahaRERA and ASCI partner to use AI for identifying non-compliant real estate ads, enhancing transparency and protecting homebuyers' interests.

Obtain Environmental Clearance for Building Projects

Discusses the EIA process, draft notification, and India's environmental clearance procedures for construction projects to minimize environmental impact.

How might real estate investors benefit from SEBI’s approval of small and medium-sized REITs?

SEBI amends REIT regulations to allow Small and Medium REITs (SM REITs) with a minimum asset value of Rs 50 crore, expanding market access for retail investors.

MahaRERA website set to display complaints on promoters and projects

Homebuyers can now check details of project and developer complaints on the MahaRERA website, enhancing transparency and aiding informed decision-making.

The new MahaRERA rule help home buyers to track project status

MahaRERA's new circular mandates promoters to submit certificates to track project status, increasing transparency for home buyers.

MahaRERA lists 3,400 projects lapsed across the state

MahaRERA has listed over 3,400 real estate projects as lapsed due to delays, limiting developers from selling until extensions are approved by stakeholders.

Stamp duty reduced by 2% on flats priced below Rs 45 lakh

The State Legislative Assembly reduced stamp duty on first-time registrations of apartments priced between Rs 35 to 45 lakhs to 3%, aiming to boost the real estate sector.

Developers collecting money without agreement is violation- TNRERA

Tamil Nadu Real Estate Regulatory Authority (TNRERA) ruled that developers collecting payments without a contract violates the TNRERA Act.

New inspection rules during flat transfer- Chandigarh Housing Board

Chandigarh Housing Board (CHB) implements new inspection rules for flat transfers to protect innocent buyers. Board officials will not inspect a dwelling during transfer unless violation notices are issued.

UP-RERA to give nine month extension for registration of projects

UP-RERA offers a nine-month extension for the registration of projects, aiming to speed up stagnant real estate development. The extension is subject to monitoring and specific conditions.

YEIDA announce 2 new policies to help stalled projects

YEIDA Announces Two Policies to Revive Stalled Projects in Greater Noida

Goa Government increases property registration fee by 0.5 to 1%

Goa government hikes property registration fee from 0.5% to 1%, pushing buyers to pay around Rs 74,000 more for registrations. Credai opposes, stating it will affect market demand.

Maharashtra: Slot-booking mandatory for property registration in April

Maharashtra makes slot booking mandatory for property registration in April due to COVID-19 restrictions, potentially impacting revenue collection.

Guj-RERA fines Devnandan Builder, Shivalik Infraspace, other for violation

Gujarat RERA imposed fines on Devnandan Builders, Dwarkadas Pritamani, and Shivalik Infraspace for violating RERA rules. Violations included booking apartments without registration and accepting advance payments beyond the permitted limit.

No compensation if agreement doesn't provide for it: TNRERA

TNRERA Denies Compensation for Delayed Delivery and Lack of Car Parking

Construction Prohibition Extended In NCR Till 3 May

NCR extends construction ban in Noida, Ghaziabad till May 3, Gurgaon & Faridabad allowed with approvals

Amrapali, Jaypee And Unitech Purchasers Abandoned From Stress Fund

More than 75,000 homebuyers of Amrapali, Jaypee Infratech, and Unitech in the National Capital Region are likely to be ineligible for the Rs. 25,000 crore stress fund due to government conditions. The finance ministry has clarified that the fund won’t be invested in projects facing litigation in high courts and the Supreme Court. Houses costing more than Rs. 1.5 crore in the NCR region are also not eligible.

Ban on registering the Unapproved plots in Tamil Nadu

The Madras High Court has reinstated the ban on registration of unapproved plots in Tamil Nadu and seeks details on applications violating the 2016 ban order. A special sitting is planned to address the issue.

The environmental standards is also set for smaller buildings

Environment Ministry Integrates Environmental Conditions with Building Permissions for Smaller Buildings