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Supreme Court Strikes Down West Bengal Real Estate Law, Calls It "Unconstitutional"
The Supreme Court today struck down West Bengal's law on regulating real estate sector saying it was unconstitutional as the state's statute encroached upon the Centre's Real Estate (Regulation and Development) Act (RERA).
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Note Ban, Jan Dhan Yojana, GST, Mega Bank Mergers: A Recap Of Key Turning Points In 2010s
An array of developments, ranging from GST and demonetisation to corporate tax rate cut and banking reforms, has transformed the economic landscape of the country.
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Supreme Court Upholds Homebuyers' Rights As Financial Creditors Under Insolvency Laws
In a major setback for property developers, the Supreme Court on Friday upheld the amendments to the Insolvency and Bankruptcy Code, granting homebuyers the status of financial creditors. The top court said the move does not infringe the rights of property developers. The Supreme Court also said homebuyers enjoy the same rights as financial credito...
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Top Court Orders Action Against Amrapali, Provides Relief To Homebuyers: 10 Points
All unfinished housing projects of real estate group Amrapali, which has been accused of fraud, will be taken over by state-run National Buildings Construction Corporation (NBCC), the Supreme Court said in a landmark judgement on Tuesday. The verdict brings big relief for more than 42,000 homebuyers who had sought possession of flats booked in Amra...
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Delhi Gets Full-Time Real Estate Regulator
Delhi has finally got a full-time real estate regulator under Real Estate Regulatory Act (RERA) with Lt Governor Anil Baijal appointing retired civil services officer Vijay S Madan to the post.
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Hyderabad To Become A Global City: Telangana Minister
Implementation of the Real Estate Regulation & Development Act, creation of a water grid, construction of a regional ring road and satellite townships are planned during 2018-19, Telangana Minister of Municipal Administration K T Rama Rao said today.
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RERA's One Year: Barring Mumbai, Pune; Implementation Still Patchy In Most States
RERA Act: According to a report by the consultancy firm Knight Frank, eight states have not even installed a regulating authority and the remaining 17 have installed "interim" regulators.
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Bankruptcy, Real Estate Acts Pitted Against Each Other: Assocham
While IBC tries to give primacy to the creditors RERA tries to put consumers before creditors.
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Supreme Court Asks Bombay High Court To Expeditiously Decide RERA-Related Pleas
The Supreme Court today directed the Bombay High Court to expeditiously decide the pleas challenging the validity of Real Estate (Regulation and Development) Act (RERA) which are pending there.
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After GST, Developers Need To Invest In Project Management: Experts
The government enacted the Real Estate (Regulation & Development) Act 2016 and all the sections of the Act have come into force with effect from May 1, this year, while GST came into effect from July 1.
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Engage Realtors To Pass GST Benefit To Buyers: Finance Ministry
The tax department and states have received complaints that those who have booked flats and made part payment are being asked to make entire payment before July 1, 2017.
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Real Estate Companies Waiting For Clarity On GST, New Law: Survey
The stakeholders are not very clear about the impact of the changing environment on account of policy interventions like Real Estate (Regulation & Development) Act, 2016 (RERA), Benami Transactions (Prohibition) Amendment Act, 2016 and Goods and Services Tax (GST).
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How Real Estate Act Or RERA Can Help Home Buyers
Housing and Urban Poverty Alleviation Minister M Venkaiah Naidu said that the law will make "buyer the king" and the developers will also benefit from the "increased buyers' confidence in the regulated environment".
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RERA Comes Into Force. How It Will Protect Homebuyers
New rules under RERA or the Real Estate (Regulation and Development) Act to regulate the real estate sector, protect home buyers and ensure the timely execution of projects with an aim to boost investor confidence and stamp out illegal practices will apply from today. They are applicable to residential and commercial development and make it mandato...
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RERA Comes Into Force From Today, Only 13 States Notify Rules
The government has brought in the legislation to protect home buyers and encourage genuine private players.
-
Supreme Court Strikes Down West Bengal Real Estate Law, Calls It "Unconstitutional"
The Supreme Court today struck down West Bengal's law on regulating real estate sector saying it was unconstitutional as the state's statute encroached upon the Centre's Real Estate (Regulation and Development) Act (RERA).
-
Note Ban, Jan Dhan Yojana, GST, Mega Bank Mergers: A Recap Of Key Turning Points In 2010s
An array of developments, ranging from GST and demonetisation to corporate tax rate cut and banking reforms, has transformed the economic landscape of the country.
-
Supreme Court Upholds Homebuyers' Rights As Financial Creditors Under Insolvency Laws
In a major setback for property developers, the Supreme Court on Friday upheld the amendments to the Insolvency and Bankruptcy Code, granting homebuyers the status of financial creditors. The top court said the move does not infringe the rights of property developers. The Supreme Court also said homebuyers enjoy the same rights as financial credito...
-
Top Court Orders Action Against Amrapali, Provides Relief To Homebuyers: 10 Points
All unfinished housing projects of real estate group Amrapali, which has been accused of fraud, will be taken over by state-run National Buildings Construction Corporation (NBCC), the Supreme Court said in a landmark judgement on Tuesday. The verdict brings big relief for more than 42,000 homebuyers who had sought possession of flats booked in Amra...
-
Delhi Gets Full-Time Real Estate Regulator
Delhi has finally got a full-time real estate regulator under Real Estate Regulatory Act (RERA) with Lt Governor Anil Baijal appointing retired civil services officer Vijay S Madan to the post.
-
Hyderabad To Become A Global City: Telangana Minister
Implementation of the Real Estate Regulation & Development Act, creation of a water grid, construction of a regional ring road and satellite townships are planned during 2018-19, Telangana Minister of Municipal Administration K T Rama Rao said today.
-
RERA's One Year: Barring Mumbai, Pune; Implementation Still Patchy In Most States
RERA Act: According to a report by the consultancy firm Knight Frank, eight states have not even installed a regulating authority and the remaining 17 have installed "interim" regulators.
-
Bankruptcy, Real Estate Acts Pitted Against Each Other: Assocham
While IBC tries to give primacy to the creditors RERA tries to put consumers before creditors.
-
Supreme Court Asks Bombay High Court To Expeditiously Decide RERA-Related Pleas
The Supreme Court today directed the Bombay High Court to expeditiously decide the pleas challenging the validity of Real Estate (Regulation and Development) Act (RERA) which are pending there.
-
After GST, Developers Need To Invest In Project Management: Experts
The government enacted the Real Estate (Regulation & Development) Act 2016 and all the sections of the Act have come into force with effect from May 1, this year, while GST came into effect from July 1.
-
Engage Realtors To Pass GST Benefit To Buyers: Finance Ministry
The tax department and states have received complaints that those who have booked flats and made part payment are being asked to make entire payment before July 1, 2017.
-
Real Estate Companies Waiting For Clarity On GST, New Law: Survey
The stakeholders are not very clear about the impact of the changing environment on account of policy interventions like Real Estate (Regulation & Development) Act, 2016 (RERA), Benami Transactions (Prohibition) Amendment Act, 2016 and Goods and Services Tax (GST).
-
How Real Estate Act Or RERA Can Help Home Buyers
Housing and Urban Poverty Alleviation Minister M Venkaiah Naidu said that the law will make "buyer the king" and the developers will also benefit from the "increased buyers' confidence in the regulated environment".
-
RERA Comes Into Force. How It Will Protect Homebuyers
New rules under RERA or the Real Estate (Regulation and Development) Act to regulate the real estate sector, protect home buyers and ensure the timely execution of projects with an aim to boost investor confidence and stamp out illegal practices will apply from today. They are applicable to residential and commercial development and make it mandato...
-
RERA Comes Into Force From Today, Only 13 States Notify Rules
The government has brought in the legislation to protect home buyers and encourage genuine private players.
