G.O. 111 IN HYDERABAD A BRIEF INFORMATION ABOUT G.O.Ms.No.111 In the G.O., 111 orders were issued prohibiting various developments within a 10 km radius of HIMAYATSAGAR and OSMANSAR lake areas which are the main sources of drinking water supply as per the recommendation of the Expert...
Real-Estate Information
RERA project violators punishments 10 percent penalty of the estimated cost of the project. · As per section 59, where under the Act, it is obligatory for the promoter to register a project with the Authority, and the promoter fails to do the same, he shall be liable to a penalty of up to 10 percent of the estimated cost of the real estate...
Real estate broking is one of the easiest business in India as there are no specific qualification or experience requirements and also there is no code of practice which sets accountability, transparency, and professional benchmarks. Hence, there are thousands of non-professional agents/ brokers in every city operating without any accountability. Hence, to bring in transparency and...
RERA safeguards customers interests Many developers across India follow a common practice of pre-launching a project without securing requisite approvals for the project from the local authorities, which is termed as “soft launch”, “pre-launch” etc. Buyers also lap into this opportunity as they get discounted prices during the pre-launches period. But if it is from an unscrupulous developer,...
– RERA ACT, 2016 Summary RERA Act safeguards buyers from builders and developers The real estate sector plays a catalytic role in fulfilling the needs and demand for housing and infrastructure in the country and is an important pillar of the economy. While this sector has grown significantly in recent years, it has been largely unregulated, with the absence of professionalism and...