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2.75 lakh ready homes to hit top seven cities by 2020

Tuesday, November 26, 2019, 12:52 PM

The top seven cities across the country may see nearly 2.75 lakh new ready-to-move homes over the next one year of which over 41 percent units will be in the affordable segment, 33 percent will be in the mid-segment category and only 10 percent in the luxury and ultra-luxury segments, according to a report by Anarock Research.
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In a first, realtor moves UP-RERA against home buyers

Friday, October 4, 2019, 5:50 PM

A real estate developer has moved the UP-Rera against buyers for not taking delivery of their homes, making it the first complaint of its kind. The complaint came from Supertech against 45 buyers in its Cape Town, Eco Village I and Eco Village III projects. The company alleged they were neither taking delivery of their flats nor paying up the pending dues.
 
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Govt forms committee for 'effective' implementation of real estate law RERA

Tuesday, January 1, 2019, 9:54 AM

The government has constituted a committee to suggest recommendations to strengthen the real estate-law RERA and to remove difficulties in its implementation, an official said. The decision to form the committee, to be headed by Union Housing and Urban Affairs Joint Secretary Shiv Das Meena, comes months after the ministry organised four-workshops where stakeholders, including home-buyers, had given suggestions for effective implementation of RERA.

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