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Almost ten years after the RERA Act, 2016 attention is increasingly moving from developers to the functioning of the regulator itself. (AI image) The Real Estate Regulatory Authority or RERA is in focus again. Recently, the Supreme Court made blunt observations about the role of RERA and its importance. The apex court remarked that the…
New Delhi: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of…
Today’s apartment buyers may own cars and require parking facilities, including EV charging points. Connectivity is another aspect that is in high demand, including easy access to public transport, robust internet connectivity, and proximity to essential services. Apartments that are future-ready, with facilities such as EV charging points and high-speed connectivity, are highly sought after…
RERA or the Real Estate (Regulation and Development) Act, 2016 was introduced to bring transparency and accountability to India’s real estate industry. Today it is an essential for homebuyers and investors. Among several major provisions under this Act, there’s one which talks about how developers must use the money they collect from homebuyers. Now this…
NEW DELHI: The government is set to launch SWAMIH-2 Fund, a Rs 15,000-crore initiative aimed at helping nearly 100,000 middle-class homebuyers complete their stalled housing projects. This follows the success of SWAMIH-1, which has already completed 55,000 dwelling units. The government has allocated Rs 1,500 crore as seed capital in Budget 2025-26 for this purpose.The…
Representative image (AI) LIC Housing Finance has announced a reduction in its home loan interest rates, providing fresh relief to homebuyers. The lender has lowered the starting rate on new home loans to 7.15%.The revised rates are linked to the borrower’s CIBIL score, with customers having a score of 825 or above eligible for the…
