The largest group of homebuyers is calling for the establishment of a Rera Monitoring Committee (RMC), as they believe that real estate regulators (RERAs) have not effectively implemented the real estate regulation law. They have noted that several housing projects have not been registered, despite it being mandatory, and that there have been delays in…
Since its establishment in 2017, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has issued recovery certificates (RCs) worth Rs 3,105 crore to benefit 8,575 home buyers. This follows the failure of real estate developers to deliver homes, as stated in an official press release by Pramod Kumar Upadhyay, the secretary of UP-RERA, on Wednesday.…
The state government of Gujarat has once again faced criticism from the Gujarat High Court for its failure to appoint members and a chairperson for the Gujarat Real Estate Regulatory Authority (RERA) and its appellate tribunal. In response to the government’s assurance that the vacancies would be filled promptly, the court demanded an explanation for…
Having a reliable source of income is an important achievement in life. While there are many ways to generate income, it is advisable to explore options that are readily available in the market. Real estate is consistently recommended as a viable option on numerous lists online. Investing in real estate is considered a lifelong source…
Global investment firm Blackstone-sponsored Nexus Select Trust has announced the price band for its initial public offering (IPO) at Rs 95-100 per share. This IPO marks the country’s first Real Estate Investment Trust (REIT) and will be open for subscription from May 9 to May 11. This will be Blackstone’s third sponsored REIT. The offer…
After a period of stagnancy in terms of land availability, there has been a noticeable growth in real estate development in Central Chennai. According to a study conducted by the Confederation of Real Estate Developers Associations of India (Credai) Chennai’s Research and Analysis Wing (RAW) for the first quarter of 2023, there has been a…
India’s financial capital, Mumbai, is known for being the most expensive real estate market, with billionaires purchasing homes worth hundreds of crores in luxury towers. The year has started with some remarkable deals, including a penthouse sold to industrialist B K Goenka for Rs 240 crore in a Worli luxury tower. Goenka bought the triplex…
Investing in real estate can be done without purchasing physical land or property by investing in Real Estate Investment Trusts (REITs). REITs allow investors to invest in a portfolio of properties without directly owning land. By renting out the properties in the portfolio, investors can earn a consistent income. Prasad Sawant, head of advisory at…