RERA Delhi urges stronger scrutiny of projects defying regulations
Real Estate

RERA Delhi urges stronger scrutiny of projects defying regulations

In an interactive session organised by CII-Delhi State Sub-Committee on Real Estate, Anand Kumar, Chairman, Delhi Real Estate Regulatory Authority (RERA), emphasised on the need of stronger scrutiny on ...

In an interactive session organised by CII-Delhi State Sub-Committee on Real Estate, Anand Kumar, Chairman, Delhi Real Estate Regulatory Authority (RERA), emphasised on the need of stronger scrutiny on projects defying RERA regulations. “Anybody who is into the real estate development sector whether it is a development authority like Delhi Development Authority (DDA), Delhi State Industrial and Infrastructure Development Corporation (DSIDC) or any other such organisation. If they are doing either plotted development or real estate projects, as per section 3, they must get registered with us,” Kumar has said at the event. Kumar also clarified on the recent amendment made in the Act regarding mandatory registration of the project. “It is now mandatory for builders to register projects with RERA where plot area exceeds 500 sq m, regardless of the number of units constructed on it. Similarly, irrespective of the plot size, if the number of units to be constructed on the plot is eight or more, it should get registered,” said Kumar. Appreciating RERA’s proactiveness, Amit Goyal, CEO, India Sotheby’s International Realty, has said, “I’m particularly excited that the current RERA team is proactive and fully committed to bringing in the much-needed reforms. It is critical that the clarification order issued in May 2022 on registration of every project on land parcels of above 500 sq m or 8 units, even if any of the conditions is met, is implemented and adopted by all developers working in Delhi’s real estate sector. This is a critical move to protect the consumer and end home buyer.” “We need a healthy mix of end buyers and investors to keep an asset class like real estate buoyant and upbeat,” added Goyal.

Next Story
Real Estate

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie.   Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Next Story
Equipment

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision.  Hussain S..

Next Story
Infrastructure Energy

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?