The primary goal of the Real Estate (Regulation and Development) Act of 2016 (RERA) is to avoid builder-buyer conflicts, restore purchasers’ faith in the market, and encourage real estate transactions throughout the country.
A Basic Guide to UP RERA: Registration Procedures and a Few others!
An Introduction Of UP RERA
The Real Estate Regulation and Development Statute, 2016, often known as RERA, is an act that governs India’s real estate sector. The Act was enacted by Parliament in 2016 and took effect on May 1, 2016. RERA Act 2016 does, however, provide portions of each state’s RERA power. Likewise, Uttar Pradesh has a real estate regulating authority called UP RERA. RERA UP was established on October 27, 2016, with the goal of protecting house purchasers’ interests and boosting real estate investments in Uttar Pradesh.… Read more
How may a complaint be made under RERA?
Tags: Realty GuideRERA
Domestic consumers are confident that the new legislation will protect their interests following the Real Estate (Regulation and Development) Act’s (RERA) adoption. But whether or not people are aware of how to file a complaint or report a situation following the new RERA regulations is a moot point. A complaint made following the RERA must follow the format required by the laws of the relevant state. The grievance may be submitted following an assignment registered under RERA, within the allotted period, for infringement or disobedience of the act’s requirements as well as any rules or regulations formulated under RERA.… Read more
An increase in requests to register new projects: UP RERA
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For the registration of recent projects in the dwelling, industrial, and mixed-land use categories, Uttar Pradesh RERA has received about 125 applications in the first half of 2022. 34 percent of those parcels are from NCR areas, and about 66 percent are from non-NCR districts. Concerning the packages for brand-new project registration, the residential class has the highest percentage—roughly 75%—and the packages for commercial and mixed-land-use projects have the lowest percentage—25%.… Read more
MahaRERA website to feature complaints about projects & promoters
From Saturday, homebuyers may access information on project and developer lawsuits on the MahaRERA website (i.e., February 19, 2022). Maharashtra Real Estate Regulatory Authority officials remarked. This information might aid homeowners in making an informed decision before investing in the project. According to the statement, 16,000 project and developer-related cases acquired by MahaRERA would be featured on the website.… Read more
Telangana stands at number 4 in total projects registered with RERA
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Telangana is among the top four states in India in terms of the total number of projects registered with the state-level Real Estate Regulatory Authority (T-RERA).… Read more
Total Properties Statewide registered on RERA and benefits of RERA
Tags: RERA
Secure and stable access to housing and infrastructure is critical for the overall socio-economic wellbeing of each Indian citizen. Creating a seamless ecosystem built on a foundation of state and regulatory support acts as a catalyst for a positive change. The introduction of RERA in India in 2016 commenced for the same purpose. … Read more
Some Important things you need to know about RERA Act
Tags: RERA
Real Estate Regulatory Authority (RERA) was brought to action to wipe out the existing discrepancies and issues within the real estate sector.… Read more
