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Can RERA overturn ‘forced consent’ agreements procured by builders for changing project plans?
To maintain a clean and clear declaration in the buying process of properties, the Indian Government started an act in May 2016. The full form of RERA is the Real Estate Regulatory Authority. To follow the rules of RERA , the developers are bound to inform all the information's about the construction process they look after to provide the keys according to the mentioned date. To buy Property in Kolkata the buyers know all the details and plans about the construction proceedings to
HOWL OR FOUL : REAL ESTATE REVIVAL PACKAGE
Government of India has recently announced the Real Estate Revival Package (Special Window OR Alternative Investment Fund - AIF) of Rs. 25,000 Cr. (by Government of India Rs. 10,000 Cr. and the rest 15,000 Cr. by SBI, LICI, etc.) as debt financing for stalled affordable & mid-income housing segment projects. “We welcome the move by government of India to revive Indian real estate industry. However, there are critical issues which need clarifications like – What about the
The Cry of Glory for Maharashtra Developers
This month has been a great moment for CREDAI – MCHI (Confederation of Real Estate Developers Association of India – Maharashtra Chamber of Housing Industry). For the upcoming five years starting from 22/10/2019 they have been granted exclusive rights to act as Self Regulatory Organization (SRO) promoters whose projects are registered with Maharashtra Real Estate Regulatory Authority (MahaRERA). CREDAI with its registered office at Maker Bhavan – II, 4th Floor, 18, V,
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