Four years after its implementation, as many as 63,583 real estate projects have been registered and 65,539 cases have been disposed of by the respective state RERA authorities, according to data released by the Ministry of Housing and Urban Affairs. Out of this, nearly 40 percent cases (approximately 26,510 complaints) […]
As Per JLL Net Absorption For Commercial Real Estate In Delhi/NCR Enhanced By 5% To 1.07 million sq. ft In Q12021
The office market in Delhi NCR witnessed a net absorption increase of 5 percent in Q1 2021 quarter-on-quarter (Q-o-Q), with 1.07 million sq. ft, according to JLL Office Market Update – Q1 2021. Noida contributed 55 percent of the net absorption, backed by strong pre-commitment in the new completions followed […]
West Bengal Housing Industry Regulation Act 2017 Is Unconstitutional, In Conflict With Central RERA: Supreme Court
The Supreme Court on May 4 struck down the West Bengal Housing Industry Regulation Act, 2017 (WBHIRA) as ‘unconstitutional’, saying it is in conflict with the Real Estate (Regulation and Development) Act, 2016 (RERA), a Central legislation already in place. The apex court said that the state of West Bengal […]