Four years after its enactment, the on-ground implementation of Real Estate (Regulation and Development) Act, 2016 (RERA) regulations remains patchy even as the law has helped thousands of homebuyers redress their grievances across the country, say experts. RERA authorities in different states have disposed of 48,556 cases since all provisions […]
DDA Suggest Modifications In Plan To Invigorate Real Estate Sector
With the coronavirus pandemic impacting real estate sector, the Delhi Development Authority (DDA) on Tuesday approved two significant modifications in Master Plan of Delhi (MPD) 2021 to help stakeholders for strong business proposition. During DDA’s board meeting chaired by Lt Governor Anil Baijal, nods were given to increase maximum ground […]
Indian Ratings Suggest That COVID-19 Has Aggravated The Fall In The Bookings of Residential Real Estate
The ongoing Covid-19 pandemic is likely to push overall residential demand in 2020-21 down over 25% from a year ago, said ratings agency India Ratings and Research (Ind-Ra). A stable demand, combined with prudent launches by players, had restored some supply-demand balance over FY18-FY19. However, the Covid19 related lockdown has […]
India Must Reconsider Housing For Underprivileged
Last week, the Union Cabinet approved the Affordable Rental Housing Complexes (ARHCs) scheme, which aims to provide reasonably priced rental accommodation for migrant labourers. The Rs 600 crore-programme has a two-pronged roll-out plan: First, existing vacant government-funded housing complexes will be converted into ARHCs through concessional agreements for 25 years; […]