Homebuyers across Bengaluru have united to oppose the Bengaluru Development Authority's petition seeking exemption from RERA regulations, citing widespread project delays and incomplete facilities.

The Maharashtra Minister of State announced government commitment to implementing developer-friendly policies during the 17th NAREDCO National Convention in New Delhi, signaling strong support for the state's real estate sector growth.

Bengaluru real estate developers have positively received Karnataka's updated setback guidelines under RMP 2015, citing improved design clarity and flexibility, though ongoing projects may face delays and increased costs during the transition period.

CREDAI West Bengal opposes new registration requirement mandating Super Built-Up Area disclosure, citing lack of standardized definitions and resulting property registration delays across Kolkata.

Mumbai's residential redevelopment is accelerating with enhanced FSI incentives transforming six-storey societies into 18-20 storey towers, benefiting both residents and developers while raising infrastructure concerns.

Tamil Nadu's real estate regulator has tightened financial requirements for developers seeking project extensions, mandating an additional 20% deposit on top of existing escrow obligations to better protect homebuyer interests.

Learn how escrow accounts under RERA have revolutionized Indian real estate by securing 70% of buyer funds. Discover the complete process, benefits, and regulations governing these financial safety nets.

MahaRERA has frozen 1,950 project accounts across Maharashtra in a crackdown on non-compliant developers, aiming to enforce accountability and protect homebuyers affected by delays and incomplete projects.

Maharastra has highlighted concerns over 212 housing projects constructed between January and April 2023. Without necessary construction updates, these projects violate rules and have forced MahaRERA to take significant action.

Promoters must now use only qualified and certified real estate agents under MahaRERA. This guideline protects homebuyers and the real estate industry. Non-compliance might lead to project registration rejections, registration revocations, or promoter fines.

When it comes to construction, the city of Mumbai is second to none and it is imperative that real estate agents, property developers, property investors, home buyers are updated about the construction related terms in Mumbai.