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.

TGRERA has fined four real estate agents, including Vijayawada-based Sikha Balaraju, ₹3.69 lakh for fraud and misrepresentation in Hyderabad’s Poojitha Tech Park project. The agents were found violating the RERA Act by operating without registration.

TG RERA directs MCOR LLP in Ameenpur to hand over common areas and strictly follow the sanctioned layout plan, citing violations under RERA Act 2016.

MahaRERA has introduced a two-year tenure limit for Self-Regulatory Organisation (SRO) appointees to enhance transparency and ensure subject matter expertise in real estate project registrations.

Maharashtra homebuyers are frustrated with MahaRERA hearing delays, some of which last years. Slow resolution of real estate disputes undermines the Real Estate (Regulation and Development) Act, 2016, which was meant to speed up justice.

The Union Territory of Jammu and Kashmir has appointed Satish Chandra, the former chairman of the J&K Public Service Commission (J&K PSC), as the next head of the RERA.

West Bengal's new property regulator expects to register all current projects under the Real Estate (Regulation & Development) Act, 2016 within three months, easing buyer concerns regarding completion dates and quality.

The Real Estate (Regulation and Development) Act, 2016, was a major change in the Indian real estate market. Half a decade of RERA has definitely impacted the Indian property market in various ways.

The Real Estate (Regulation and Development) Bill, 2016 was handed by Rajya Sabha on March 10 and by Lok Sabha on March 15 2016. Based on a confirmation granted in April 2016, the regulations for the housing industry were to be informed by October 31 2016

With manufacturing poised for growth, real estate in adjoining areas likely to see an upswing