SC to Supertech: Give flats or refund money with 14% interest

It was the turn of real estate major Supertech to face the music in Supreme Court on Friday after the court told developers Jaypee Infratech and Unitech earlier this week that they could not escape either refunding money or giving possession of flats to homebuyers. A... read more

Realtors to hand over 1,000 Noida flats to buyers in a week

NOIDA: The builders of three projects in Noida on Saturday said they would hand over flats to nearly 1,000 homebuyerswithin a week after finishing all formalities to obtain completion certificates. The promise was made during a meeting between the officials of Noida... read more

RERA to audit 13 Amrapali projects with 35,000 homes

The UP Real Estate Regulatory Authority (Rera) has ordered a probe to collect financial details and construction status of 13 Amrapali projects in Noida and Greater Noida, which collectively comprise around 35,000 flats. Land for all these projects was allotted in... read more

Maharashtra 1st state to form RERA arbitration panel

Maharashtra will be the first state in India to form a conciliation committee under the new Real Estate (Regulation and Development) Act (RERA), comprising a panel representing builders and consumer groups to arbitrate complaints. It will mediate between two parties... read more

Make KRERA work, else it’ll damage stage’s economy

The Karnataka government had notified the Karnataka Real Estate Regulation Act (KRERA) on July 10, 2017, after an inordinate delay and with much reluctance. This followed the central RERA Act, passed in May 2016, mandating implementation by all states by July 2017 as... read more

GST will regularise informal sector, opine experts

The introduction of Goods and Services Tax (GST) will slowly bring the informal sector into the mainstream economy, said experts at a business conclave held at the Indian Institute of Management-Bangalore, on Sunday. The annual event ‘Sammantran 2017’ was organized by... read more

Evictees not keen on BDA flats: George

The government has offered BDA flats to those who have lost their houses during last year’s demolition drive to remove structures situated on stormwater drains.However, there have been no takers for the flats yet. “The flats are ready , but we have not received... read more

B’luru is No. 2 in new apartment launches

Bengaluru ranked second in India in the number of new residential units launched in the first half of the year. But the number itself is down by 23% to 13,400, compared to the same period last year. Colliers, the real estate consultancy that did the research, said... read more

RERA: Stiff penalty awaits builders failing to register

The Karnataka government has decided to come down heavily on builders and brokers who fail to register under the state Real Estate Regulatory Authority (RERA) by August 31. The deadline for registration under the central RERA Act was July 31, but the state government... read more

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