The Forum for People’s Collective Efforts (FPCE), a group that campaigned for the enactment of the Real Estate (Regulation and Development) Act, said the regulation has failed to meet the expectations of scores of homebuyers whose investments were stuck in ongoing housing projects. Enacted five years ago, RERA covered both […]
RERA Registered Around 63583 Real Estate Projects & Disposed Of 65,539 Complaints In The Last 4 Years
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) […]
Financial Strain Experienced By Real Estate Developers In The Times Of COVID-19
The real estate sector was caught in a conundrum last year with flattening demand, a challenging funding environment, and increasing compliance-based costs. The onset of the pandemic exposed the fragile financial health and business models of real estate developers in India. The financial health of developers in the preceding 12 […]
Stalled Projects In NCR Will Be Revived By The Real Estate Body
After its intervention to restart a stalled housing project in Noida, the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) is now contemplating to help resume operations of other stalled projects in the state. The UPRERA decided to step in after successful restart of the Jaypee Kalypso Court (Phase-II) project which […]