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Real Estate Regulatory Authority

Real Estate Bill Timeline

Real Estate Bill Gets a Green Signal

“A Bill to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and establish the Appellate Tribunal […]

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Real Estate Bill & NRIs

Real Estate Bill & NRIs

In what can be termed as a welcome news for millions of real estate buyers across India including non-resident Indians, the Union Cabinet has approved the amendments in the Real Estate (Regulation and Development) Bill, 2013 paving way for the industry watchdog to overlook all construction related activity in the country. With the approval, the […]

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Aam Aadmi becomes powerful with the Real Estate Bill

“I have bought a flat {project’s name} because I liked the spacious design and privacy of the flats. But after moving in, I realised that the quality of material is very poor and quality of finishing is sub standard, ” – rues Sumitabh Ghosh, a resident of Bangalore at CommonFloor’s Consumer ‘Forum’.  Bharath, another resident […]

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Part II: Major Loopholes in the Real Estate Bill to watch out for

Ongoing Projects included in ambit Certain provisions in the Real Estate Bill which need to be relooked at, like bringing ongoing projects under the ambit of the proposed law. Experts feel this will create a lot of confusion and will this mean that work will stop in such projects till registration of such ongoing projects […]

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Real Estate Bill: What it means for Buyers? Part I

The Real Estate Regulatory Bill, which was first introduced by the UPA government in the Rajya Sabha in August 2013, was recently approved by the Union Cabinet. The Bill is expected to ensure greater accountability towards consumers, and to significantly reduce frauds and delays. The proposed legislation is expected to promote regulated and orderly growth […]

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