Karnataka Real Estate Regulatory Authority (Karnataka RERA) is currently in the process of drafting a proposal that would permit judicial powers to the Authority to execute its own orders, similar to what is enjoyed by the consumer forum. Once it is implemented, the authority would be able to accelerate builder-buyer Read more…
The Karnataka Real Estate Regulatory Authorities have come up with a conciliation cell to facilitate the resolutions of disputes between builders and buyers, registered under the Real Estate (Regulation and Development) Act (RERA). This alternate dispute resolution mechanism is supposed to be an improvement over the lengthy process of the Read more…
The deal to merge Indiabulls Housing Finance (IBHF) and Lakshmi Vilas Bank (LVB) hangs in balance as RBI which received the proposal around 4 months ago hasn’t reached to any decision. While one of the financial service regulators has given the No Objection to the deal, the ED and ITD Read more…
Home is where the heart is. Buying a new home for yourself and your family is one of the largest decisions to make in a lifetime. Thus it naturally requires tons of planning and research. More importantly, it is an investment in your family’s future and a crucial financial decision. Read more…
Planning to invest in the real estate sector? Here’s all you need to know about the new GST rates applicable on under construction properties and affordable housing projects. The Real Estate Industry is a tower of strength when it comes to the contribution in the Indian economy. This growth Read more…
Bangalore: A city that is making progress in the Real Estate market every day. The recent metro development in Bangalore has largely impacted the Real Estate Market in the most positive way leading to a significant increase in prices of residential and commercial properties. What makes any city truly Read more…
Following are the key proposals for real estate sector made by Mr. Piyush Goyal while presenting the Interim Budget 2019-20: 1. No notional tax on rental income for home buyers on purchasing second house. This will boost second house purchase as a means for generating rental income. In addition, Read more…
RERA Karnataka is tightening norms with various Builders and their Projects not getting easy approvals for opening sales. For many projects, either the title is not clear (litigations pending on land ownership) or construction plan is flouting Floor Area Ratio(FAR) norms applicable for the locality. With regards to growing Read more…
There always seems to be a buzz happening around RERA and all things related to RERA. A year after the Act being passed, the implications of the Act seem to be visible as days progress. Various stakeholders like home buyers, builders, developers want to derive maximum benefits from Read more…
In a landmark decision, the Maharashtra Real Estate Authority(MahaRERA) granted relief to 21 homebuyers who had approached the regulatory authority together as a group. This is perhaps the first time, that a group of homebuyers have been granted relief together. The developer, JVPD properties, in their project Bhagtani Serenity, Read more…