Odisha intensifies real estate regulation with ORERA reforms, integrating digital systems and enforcing penalties via revenue departments to protect homebuyers. New measures include monthly enforcement targets, inter-departmental coordination, and recruitment drives to strengthen compliance across the state.
Kozhikode's new AI-powered valuation system leverages machine learning algorithms to analyze market data, infrastructure developments, and neighborhood dynamics for fair property assessments.
MahaRERA introduces an AI-driven platform to modernize grievance resolution in Pune's property sector, aiming to slash dispute resolution times by 50% while enhancing transparency through automated case prioritization and real-time tracking for homebuyers.
Ranchi's RERA authority enforces stricter compliance measures, increasing project audits and transparency requirements to protect homebuyers and improve real estate quality in the city's rapidly evolving property market. The move aligns with nationwide reforms, such as Gujarat's triad banking accounts and Odisha's structural repair funds, to bolster accountability and buyer confidence.
MahaRERA mandates disclosure of apartment sales and reservations to curb fraudulent practices by developers and protect buyers.
Odisha real estate builders fear market slowdown due to recent scams. CREDAI-Odisha Chapter forms scrutiny committee to restore trust.
Lalith Gangadhar Constructions to maintain transparency with escrow account for LGCL-Ashlar project
India and China significantly improve real estate transparency in Asia Pacific, ranking in semi-transparent and low transparent levels respectively.
Sebi's draft guidelines for real estate mutual funds bring joy to the industry, offering diversification and low correlation with equity and bonds.