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The Real Estate Regulatory Authority Act puts all project-related information in one place, which is encouraging buyers to take the plunge in lesser-known geographies.
The Real Estate Regulatory Authority Act puts all project-related information in one place, which is encouraging buyers to take the plunge in lesser-known geographies.

Watch this space: RERA provides boost to new realty markets

Hindustan Times | By Lavina Mulchandani
PUBLISHED ON DEC 09, 2017 05:48 PM IST
Amid increased transparency, low psf rates and good projected growth, new areas in UP, Rajasthan and Haryana are picking up.
The dawn of a New India has to be built by a responsible industrial class and a government in sync with the needs and demands of its citizens. This will define the essential characteristic of the prime minister’s new India 2022.(AP)
The dawn of a New India has to be built by a responsible industrial class and a government in sync with the needs and demands of its citizens. This will define the essential characteristic of the prime minister’s new India 2022.(AP)

India is moving towards a corruption free, citizen centric economy

By Hardeep S Puri
UPDATED ON DEC 09, 2017 12:43 PM IST
From opening bank accounts of the poorest of the poor, to creating an e-market for farmers; from universal electrification to affordable insurance schemes; from easing public service delivery, to direct transfer of government benefits – this government is dedicated to improving the lives of each and every Indian
Unitech told the NCLT that a case against the company is being heard in the Supreme Court and cited an order by the apex court that restrains other forums from taking coercive action against the company. .(HT file)
Unitech told the NCLT that a case against the company is being heard in the Supreme Court and cited an order by the apex court that restrains other forums from taking coercive action against the company. .(HT file)

NCLT suspends Unitech board as govt moves to take over real estate firm

Livement & PTI, New Delhi | By Mint
UPDATED ON DEC 08, 2017 11:35 PM IST
NCLT also issued notice to Unitech on a plea from the ministry of corporate affairs to take over the firm and sought a response in four weeks
The Act provides for curbs on builders and developers in execution of construction projects, penalising them for delay in completing projects and safeguarding flat-buyers from unscrupulous builders.(FILE)
The Act provides for curbs on builders and developers in execution of construction projects, penalising them for delay in completing projects and safeguarding flat-buyers from unscrupulous builders.(FILE)

Bombay high court upholds RERA’s validity, allows body to give extension to projects

Hindustan Times | By HT Correspondent, Mumbai
UPDATED ON DEC 07, 2017 02:57 PM IST
The bench dismissed several pleas filed by developers; it has allowed the regulatory authority to grant extension to projects beyond the one-year limit
Brigade Orchards, a township in Bengaluru, is secured by a biometric system. It also has a stadium, an eco-friendly water management system and solar-powered common spaces.
Brigade Orchards, a township in Bengaluru, is secured by a biometric system. It also has a stadium, an eco-friendly water management system and solar-powered common spaces.

Everything serviced, monitored, under one roof: Would you live smart?

Hindustan Times | By Dipanjan Sinha
PUBLISHED ON DEC 05, 2017 08:24 PM IST
Automated townships are finding more takers in cities such as Mumbai, Pune, Bengaluru. The challenge now, say residents and realtors, is to balance exclusivity with community living.
The complaint claims that the two builders did not pay heed to multiple requests made by the residents of the flats to hand over the ownership of the flats to them.(HT File PHOTO)
The complaint claims that the two builders did not pay heed to multiple requests made by the residents of the flats to hand over the ownership of the flats to them.(HT File PHOTO)

Darode-Jog builders booked under MOFA, cheating in Pune

Hindustan Times, Pune | By Shalaka Shinde
UPDATED ON DEC 05, 2017 02:47 PM IST
Sudhir Chandrakant Darode and Anand Dhindiram Jog of the Darode-Jog Associates were named in the FIR filed on Sunday, following the complaint from a flat owner.  
80-year-old Lalit Sabharwal, an advocate by profession, with his wife.(Vinay Santosh Kumar/HT Photo)
80-year-old Lalit Sabharwal, an advocate by profession, with his wife.(Vinay Santosh Kumar/HT Photo)

Realty bytes: More and more builders coming up with houses for the elderly, retired

Hindustan Times | By Abhinav Madhwal
UPDATED ON DEC 05, 2017 02:41 PM IST
Dehradun over the years has seen a slew of special projects for the aged that are being built for people above 55 years so that they can live together as a community and share their joys and griefs
The December-end deadline was set by Uttar Pradesh chief minister after he constituted the ministerial panel to look into homebuyers’ issues.(Burhaan Kinu/HT PHOTO)
The December-end deadline was set by Uttar Pradesh chief minister after he constituted the ministerial panel to look into homebuyers’ issues.(Burhaan Kinu/HT PHOTO)

32,500 flats by December-end: Promise of Noida, Greater Noida, Yamuna e-way authorities

Hindustan Times | By Vinod Rajput, Noida
UPDATED ON DEC 06, 2017 12:17 PM IST
Noida authority assures delivery of 11,000 flats, Greater Noida 14,000 and Yamuna expressway said 7,525 flats would be given to homebuyers
MCG commissioner V Umashankar address the seminar in Gurgaon on Saturday.(HT PHOTO)
MCG commissioner V Umashankar address the seminar in Gurgaon on Saturday.(HT PHOTO)
The rules, notified under the Real Estate Act 2016, in April this year made it mandatory for those engaged in real estate business to register with the state’s Real Estate Regulatory Authority (RERA) with an aim at ensuring transparency and protecting the interests of the consumers in building projects or land dealings.(VINAY SANTOSH KUMAR/HT PHOTO)
The rules, notified under the Real Estate Act 2016, in April this year made it mandatory for those engaged in real estate business to register with the state’s Real Estate Regulatory Authority (RERA) with an aim at ensuring transparency and protecting the interests of the consumers in building projects or land dealings.(VINAY SANTOSH KUMAR/HT PHOTO)

Feeling the pinch of stringent RERA norms, Uttarakhand realtors seek relief from government

Hindustan Times | By Neha Pant
UPDATED ON DEC 01, 2017 09:12 PM IST
Over 500 real estate agents, small builders and those engaged in plot dealings in and around Dehradun have come together under the umbrella of Doon Real Estate Association
Mangesh G Korgaonker.(HT PHOTO)
Mangesh G Korgaonker.(HT PHOTO)

NICMAR director on how the institute’s programmes incorporate skill development content effectively

Hindustan Times, Pune | By Ananya Barua
UPDATED ON DEC 01, 2017 02:29 PM IST
With almost 200 research papers presented at the second International Conference on Construction, Real Estate, Infrastructure and Project Management (ICCRIP), held at NICMAR, director general, Mangesh G Korgaonker, shared the current status of opportunities, both academic and professional, in the sector.
Builders claim that they do not have the money to pay 10% of the land dues to the Noida authority.(Sunil Ghosh/HT File Photo)
Builders claim that they do not have the money to pay 10% of the land dues to the Noida authority.(Sunil Ghosh/HT File Photo)

Builders give scheme meant to deliver flats in stuck projects the cold shoulder

Hindustan Times | By Vinod Rajput, Noida
PUBLISHED ON NOV 28, 2017 11:08 PM IST
On August 24, the Noida authority had relaxed terms for issuing occupancy certificates to select stuck housing projects that fulfil certain conditions, a move that could have benefited thousands of homebuyers
The scheme had plots in size of 4,000 square meters, 2,000 sq mt, 1,000 sq mt, 500 sq mt and 300 sq mt.(HT File)
The scheme had plots in size of 4,000 square meters, 2,000 sq mt, 1,000 sq mt, 500 sq mt and 300 sq mt.(HT File)

Noida: Yamuna authority asks farmers to withdraw case to ease plot allotment

Hindustan Times | By Vinod Rajput, Noida
PUBLISHED ON NOV 28, 2017 10:51 PM IST
On March 2, 2009, the YEIDA launched a scheme with 8,350 plots in sectors 18 and 20 located along the 165 km Yamuna Expressway that connects Greater Noida with Agra.
With homebuyers from all over the state knocking at the door of the real estate watchdog to register complaint against private developers, it was becoming increasingly difficult for the authority to manage its affairs from a makeshift office.
With homebuyers from all over the state knocking at the door of the real estate watchdog to register complaint against private developers, it was becoming increasingly difficult for the authority to manage its affairs from a makeshift office.

Finally, UPRERA to have own office space

Hindustan Times, Lucknow | By HT Correspondent
PUBLISHED ON NOV 28, 2017 04:49 PM IST
Eight months after its inception, the UP Real Estate Regulatory Authority (UPRERA) would soon have an office space of its own in Gomti Nagar area of Lucknow.
The Centre brought the RERA into force in a bid to streamline the realty sector(Parveen Kumar/HT FILE)
The Centre brought the RERA into force in a bid to streamline the realty sector(Parveen Kumar/HT FILE)

Homebuyers upset over appointment of ‘tainted’ official as RERA chief

Hindustan Times | By Dhananjay Jha, Gurgaon
UPDATED ON NOV 27, 2017 11:11 PM IST
KK Khandelwal and Rajan Gupta, who were appointed chairpersons of RERA, are alleged to have been the key to giving a clean chit to Congress president Sonia Gandhi’s son-in-law Robert Vadra in connection with a land deal in Gurgaon
Studio apartments, 1-BHK (bedroom hall kitchen) and 2-BHK houses accounted for 60% of the sale(FILE)
Studio apartments, 1-BHK (bedroom hall kitchen) and 2-BHK houses accounted for 60% of the sale(FILE)

Sale of 250 properties at Mumbai expo brings in Rs400 crore

Hindustan Times | By Naresh Kamath, Mumbai
UPDATED ON NOV 26, 2017 10:12 PM IST
Studio apartments, 1-BHK (bedroom hall kitchen) and 2-BHK houses accounted for 60% of the sale
A view of old architecture at Sector 23 houses in Chandigarh.(Sikander Singh/HT)
A view of old architecture at Sector 23 houses in Chandigarh.(Sikander Singh/HT)

An answer to affordable housing conundrum in Chandigarh

Hindustan Times, Chandigarh | By Munieshwer A Sagar, Chandigarh
UPDATED ON NOV 25, 2017 08:46 PM IST
The style pioneered during initial years of Chandigarh’s development still holds valuable lessons for achieving goal of housing for all.
Minister of industrial development Satish Mahana (right) holds monthly review meetings of the Noida, Greater Noida and Yamuna Expressway authorities to monitor their functioning and the progress on all ongoing projects.(HT file photo)
Minister of industrial development Satish Mahana (right) holds monthly review meetings of the Noida, Greater Noida and Yamuna Expressway authorities to monitor their functioning and the progress on all ongoing projects.(HT file photo)

State cannot waive interest for defaulting builders: Mahana

Hindustan Times | By Vinod Rajput, Noida
PUBLISHED ON NOV 24, 2017 11:51 PM IST
Realtors’ body Credai has been demanding waiver of interest for builders who have failed to clear land dues so they can finish housing projects
The guidelines are to be followed for administrative work, a major chunk of which is property-related in Noida.(HT file photo)
The guidelines are to be followed for administrative work, a major chunk of which is property-related in Noida.(HT file photo)

Noida CEO writes to state asking for guidelines to being accountability, transparency in public work

Hindustan Times | By Vinod Rajput, Noida
PUBLISHED ON NOV 24, 2017 11:44 PM IST
Alok Tandon writes to UP industrial development commissioner to issue copy of guidelines & order for their implementation by all departments; these guidelines, first issued in November 1999, are already effective in housing development corporations across the state
Mostly builders advertising their realty projects on radio channels are also not providing the project registration number.(HT File)
Mostly builders advertising their realty projects on radio channels are also not providing the project registration number.(HT File)

Punjab builders flout Rera rules to advertise projects

Hindustan Times, Chandigarh | By Munieshwer A Sagar
UPDATED ON NOV 23, 2017 12:41 PM IST
Gross violation: Seldom does any advertisement mention registration number of project.
The Supreme Court on Wednesday allowed Jaiprakash Associates to pay in instalments Rs 2,000 crore that its subsidiary, Jaypee Infratech, owes to homebuyers.(Sonu Mehta / HT PHOTO)
The Supreme Court on Wednesday allowed Jaiprakash Associates to pay in instalments Rs 2,000 crore that its subsidiary, Jaypee Infratech, owes to homebuyers.(Sonu Mehta / HT PHOTO)

Be a good kid and pay up, SC tells builders Jaypee

Hindustan Times, New Delhi | By Moushumi Das Gupta and Bhadra Sinha, New Delhi
UPDATED ON NOV 22, 2017 11:17 PM IST
The real estate developer handed over a draft of Rs 275 crore to the Supreme Court, the first payment towards Rs 2,000 crore it owes to homebuyers.
SRA schemes are aimed at creating a slum-free Mumbai and offering a better life to slum dwellers.(HT File)
SRA schemes are aimed at creating a slum-free Mumbai and offering a better life to slum dwellers.(HT File)

SRA revamps website, says it will bring transparency into slum housing projectsin Maharashtra

Hindustan Times | By HT Correspondent, Mumbai
PUBLISHED ON NOV 22, 2017 04:21 PM IST
Citizens can file complaints, check status online, but housing activists unsure about effectiveness of online system
The department of town and country planning (TCP) Haryana, is the authority concerned to regulate the RERA rules notified by the government on July 28, 2017(Parveen Kumar/HT FILE)
The department of town and country planning (TCP) Haryana, is the authority concerned to regulate the RERA rules notified by the government on July 28, 2017(Parveen Kumar/HT FILE)

Gurgaon: Homebuyers seek clarity on projects registered with H-RERA

Hindustan Times | By Dhananjay Jha, Gurgaon
UPDATED ON NOV 20, 2017 11:04 PM IST
The Haryana government has yet to put details on registered projects and the names of builders on its official website
Maharashtra Real Estate Regulatory Authority (MahaRERA) has withdrawn its office order making land owners equally liable as that of builders and developers(FILE)
Maharashtra Real Estate Regulatory Authority (MahaRERA) has withdrawn its office order making land owners equally liable as that of builders and developers(FILE)

Maha RERA makes only developer, not land owner, answerable to homebuyers

Hindustan Times | By Kanchan Chaudhari, Mumbai
UPDATED ON NOV 20, 2017 07:22 PM IST
Maharashtra Real Estate Regulatory Authority (MahaRERA) has withdrawn its office order making land owners equally liable as that of builders and developers
Director, TCP, TL Satyaprakash said the development is a step towards the decentralisation of power.(PArveen Kumar/HT Photo)
Director, TCP, TL Satyaprakash said the development is a step towards the decentralisation of power.(PArveen Kumar/HT Photo)

Gurgaon authority gets rights to execute change of land use

hindustan times | By Rashpal Singh, Gurgaon
PUBLISHED ON NOV 18, 2017 11:14 PM IST
Move gives more powers to GMDA and does away with need to go to Chandigarh for such matters
Flat allottees in a project by Logix Infrastructure Pvt Ltd outside the National Consumer Disputes Redressal Commission.
Flat allottees in a project by Logix Infrastructure Pvt Ltd outside the National Consumer Disputes Redressal Commission.

Flat handover delayed: Pay 8% annual interest to buyers, says consumer forum

Hindustan Times | By Vinod Rajput, Noida
PUBLISHED ON NOV 16, 2017 10:47 PM IST
In its order, NCDRC has also asked the Logix Group to finish the project by December 31, 2018. Builder to challenge the order in a higher court.
The four-day Maharashtra Chambers of Housing Industry (MCHI-CREDAI) exhibition, which started on Thursday, saw host of offers -- price cuts, no floor rise, exemption in goods and services tax (GST), flexibility of payment schedules and lenient loans.(FILE)
The four-day Maharashtra Chambers of Housing Industry (MCHI-CREDAI) exhibition, which started on Thursday, saw host of offers -- price cuts, no floor rise, exemption in goods and services tax (GST), flexibility of payment schedules and lenient loans.(FILE)

Builders offer price cuts, flexible payments at Mumbai exhibition to woo homebuyers

Hindustan Times | By Naresh Kamath, Mumbai
UPDATED ON NOV 17, 2017 01:07 PM IST
The four-day Maharashtra Chambers of Housing Industry (MCHI-CREDAI) exhibition, which started on Thursday, saw host of offers -- price cuts, no floor rise, exemption in goods and services tax (GST)
A project coming up in Bengaluru. The housing ministry has recommended amendments to the Insolvency and Bankruptcy Code to protect homebuyers. (HT file photo)
A project coming up in Bengaluru. The housing ministry has recommended amendments to the Insolvency and Bankruptcy Code to protect homebuyers. (HT file photo)

Bankruptcy Code not to be amended for homebuyers: Govt sources

Hindustan Times, New Delhi | By P Suchetana Ray
UPDATED ON NOV 16, 2017 10:47 AM IST
In an order, the National Company Law Tribunal ruled that homebuyers are stakeholders of a realty firm. It directed that the resolution plan has to protect all stakeholders, including homebuyers.
RERA officials held a meeting with the authority officials and builders in Sector 6 on Tuesday.(Sunil Ghosh/HT Photo)
RERA officials held a meeting with the authority officials and builders in Sector 6 on Tuesday.(Sunil Ghosh/HT Photo)

Noida: Registration of flats should be done on carpet area, says UP RERA chairman

Hindustan Times | By Vinod Rajput, Noida
PUBLISHED ON NOV 15, 2017 05:58 PM IST
Homebuyers allege that even after RERA came into effect from May 1, 2016, builders in Noida continue to do the registration on the basis of super area, due to which they end up paying more in stamp duty.
Companies are using data they gather through online responses, clicks and hits to predict future reactions and recalibrate campaigns.(Getty Images)
Companies are using data they gather through online responses, clicks and hits to predict future reactions and recalibrate campaigns.(Getty Images)

Virtual realty: Websites are now using social media to engage with potential buyers

Hindustan Times | By Amanda D’Souza
PUBLISHED ON NOV 15, 2017 02:32 PM IST
Twitter for area-specific hashtags, Facebook Live for answering queries and Instagram to showcase homes - real estate promotions are getting increasingly interactive.
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