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What is the RERA (Real Estate Regulatory Act)?

The Real Estate (Regulation and Development) Act, 2016 (RERA) is an Act passed by the Indian Parliament. The RERA seeks to protect the interests of home buyers and also boost investments in the real estate sector. The Rajya Sabha passed the RERA bill on March 10, 2016, followed by the Lok Sabha on March 15, 2016 and it came into force from May 1, 2016. 59 of its 92 sections were notified on May 1, 2016 and the remaining provisions came into ... Read more

Why Karjat?

Karjat is one of the fastest growing and most livable places on the out-skirt of Mumbai. Karjat is well regarded for its Green and Pollution free environment, relaxed and Multi-cultural lifestyle, with affordable accommodation and low cost of living. The proximity to the Up-coming International Airport and Nhava-Seva SeaPort has made karjat one of the preferred destination to have a property and to live in, On the other hand, many space extensive activities are no longer possible in urban areas because ... Read more

GST On Property : 7 things you should know

Being pegged as a revolutionary tax reform since Independence, the Goods and Services Tax (GST) is likely to eliminate the complex and ambiguous tax structure plaguing the country currently. To bridge the gap between the government, developers and consumers. A single indirect tax-structure regime, the move is expected to make tax collection seamless across India. With the Union government fixi ..   Read more at: Read more

What is RERA and how will it impact the real estate industry and home buyers?

The Real Estate (Regulation and Development) Act, 2016 (RERA), intends to protect the interests of home buyers and enhance transparency in the real estate sector. We examine how it will affect various stakeholders – from home buyers and builders, to brokers – and the provisions and penalties prescribed under the act The Government of India enacted the Real Estate (Regulation and Development) Act 2016 on 26th March 2016 and all its provisions came into effect, from May 1, 2017. Developers have been given until ... Read more