RERA is an act of the Indian Parliament. The RERA Act aims to safeguard the interests of home buyers and to encourage investments in the property sector. The RERA Bill was approved by the Parliament’s Rajya Sabha on 10 March 2016, after which it was approved by the Lok Sabha on 15 March 2016. The Act entered into force on 1 May 2016. 59 out of the 92 sections of the Act were notified on 1 May 2016, while the remaining provisions entered into force on 1 May 2017. The State Governments have to notify their rules under the RERA Act, based on the model rules laid down in the central Act.… Read more
How to Quickly Sell Your House in Mumbai: A Guide for 2024
Selling a house fast in Mumbai can be a challenging task, considering the dynamic real estate market and various factors influencing the process. Whether you’re relocating, downsizing, or simply looking for a quick sale, employing effective strategies is crucial. In this guide, we’ll explore the key factors that influence the Mumbai real estate market in 2024 and provide actionable tips on how to sell your house swiftly.… Read more
Reselling vs. Fresh Booking: Benefits and Drawbacks
Buying a property is one of the most important financial decisions you can make. Whether you want to buy a newly built property (new bookings) or a property that has already been built (resale), both have their pros and cons. It all depends on your investment objectives, your budget, and your preferences. In this blog post, we will discuss the advantages and disadvantages of fresh bookings vs. resale properties so that you can make an educated decision about where to invest in real estate.… Read more
Real estate in India to scale new heights in 2024: Experts
Thanks to policy reforms, buoyant consumer sentiment, increasing disposable income, and increasing demand for larger homes, India’s real estate sector experienced phenomenal growth in the year 2023, outperforming all previous years and setting new records. For example, according to Anarock, housing sales in the country’s top seven cities – including Mumbai, New Delhi, Pune, and NCR – reached a new high in 2023, with nearly 4.76 lakh housing units sold in 2023 compared to 3.64 lakh units in 2022 – a 31% year-on-year growth. New launches across the top seven cities increased by 25% in 2023, from around 3.57 lakh units in 2022 to around 4.45 lakh units in 2023.… Read more
State-Wise Land Records Name: Check Land Records in India Online
The digitization of land details has made it possible for landowners to easily search land-related documents by name. Landowners can now easily access their residential land documents, commercial land documents, industrial land documents, agricultural land documents, etc. online without any difficulty. The process of searching the land records by name has been digitized in most states. You don’t have to stand in long queues in the tehsil offices to get the land records. The Government has taken steps to improve the digitization of the administration and management of land in several Indian states. The lockdowns caused by the coronavirus pandemic highlighted the need to have easy access to land records and relevant information at the disposal of the landowners. By … Read more
Mastering the Art of Luxury Real Estate Acquisition in Pune 2024
In the vibrant city of Pune, investing in luxury real estate presents a lucrative opportunity for discerning buyers. With evolving market trends and a plethora of options available, navigating the process of purchasing luxury property requires careful consideration and expert guidance.… Read more
Hyderabad Real Estate Investment Guide
Hyderabad, often referred to as the “City of Pearls” or “Cyberabad,” is one of India’s most dynamic and vibrant cities. With a rich cultural heritage and a rapidly growing economy, Hyderabad has become a hotspot for real estate investment. In this article, we will explore the best places to invest in this thriving metropolis, along with key factors that make it an attractive destination for investors.… Read more
Kolkata Real Estate: Pros, Cons, and Investment Insights
Kolkata, the cultural capital of India, has been witnessing a surge in real estate investment opportunities in recent years. With its rich history, vibrant culture, and growing economy, Kolkata presents itself as an attractive destination for property investors. However, like any investment, it comes with its own set of risks and rewards.… Read more
Impact of GST on the Indian Real Estate Sector
India implemented the Goods and Services Tax (GST) on July 1, 2017, marking a significant shift in its indirect tax regime. GST aimed to subsume various indirect taxes, creating a unified tax structure across the country.… Read more
Decoding HRERA: A Guide to Real Estate Regulations in Haryana
In recent years, the real estate sector in India has witnessed significant regulatory reforms aimed at protecting the interests of homebuyers and ensuring transparency in property transactions. One such crucial legislation is the Haryana Real Estate Regulatory Authority (HRERA), which plays a pivotal role in governing the real estate market in the state of Haryana, particularly in Gurugram, a prominent real estate hub. This article provides a comprehensive overview of HRERA and essential aspects that potential homebuyers need to consider before investing in real estate in Haryana in 2024.… Read more
