Home launches in Bangalore decline due to RERA

Residential property market is Bangalore is been impacted due to implementation of real estate regulatory act. However the city is inching towards recovery. As per Colliers International’s research, the performance of Bengaluru’s residential market post RERA, in H1 2017, the city ranked second in total residential launches in India with about 13,400 new unit launches. The market faced a notable drop of 23% compared to … Continue reading Home launches in Bangalore decline due to RERA

All you need to know about the RERA Act

The Real Estate (Regulation & Development) Act, 2016, the landmark realty law to protect home buyers from unscrupulous developers, will become operational from Monday, nine years after it was conceived. The act was cleared by Parliament in March last year. Under the act, states had to notify the realty rules and set up Real Estate Regulatory Authority (RERA) by April 30. Without notifying the rules, … Continue reading All you need to know about the RERA Act

What RERA means for real estate agents, under-construction projects

Under the RERA Act, in order to render their services, all agents have to be registered with the authority and the developer. The deadline for establishing a real estate regulator is over. According to the Real Estate (Regulation and Development) Act, 2016, which was enacted on 1 May 2016, a regulator under the Act should come in to existence by 1 May 2017. The Ministry … Continue reading What RERA means for real estate agents, under-construction projects