Odisha RERA (ORERA) fined two real estate developers ₹20 lakh each for advertising without registration and not issuing a sale agreement, respectively.
Noida Authority cracks down on developers for delayed flat registries, impacting 18 societies and prompting a 3-month deadline for compliance.
Yamuna Expressway Industrial Development Authority (YEIDA) to offer 600 residential plots near Jewar Airport, Greater Noida, after RERA approval. Plots range from 60 sq-m to 4,000 sq-m, priced between ₹11 lakh and ₹6.6 crore.
UPRERA extends project registration validity by three months due to the national lockdown. Deadlines for project completion and other statutory compliance are also extended.
ICRA forecasts that the coronavirus outbreak may create negative economic dynamics, which could reduce real estate company revenues and construction capacities. This could increase credit pressures.
Pune's residential real estate market witnesses growth with new launches and stable prices, expecting a boost during Gudi Padwa
The government has introduced draft rules ensuring developers compensate buyers for delayed project completions, aiming to enhance accountability in real estate transactions.
The housing ministry intends to introduce a real estate regulator to curb sector illegalities. The bill, aimed at safeguarding buyers, defines carpet area and mandates project registration.