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1.An Open Letter to Finance Minister

The construction industry employs 35 million people, which is more than the population of Australia or Malaysia, and contributes 8 per cent of India’s GDP.

2.COVID-19 lockdown stalls construction activities

Homebuyers should expect project delays

3.MahaRERA mandates developers to get approved SRO-registered

The decision will be enforced from December 1, 2019

4.RERA can freeze bank accounts; builder requires consent for transactions

Uttar Pradesh Real Estate Regulatory Authority has deregistered three phases of housing project Aranya in Noida

5.NBFC Crisis – Is India’s real estate on Tenterhooks?

It may be true that ‘when the going gets tough, the tough gets going,’ but this doesn’t hold true for the Indian real estate sector currently. The ongoing NBFC crisis post IL&FS default has made things even more difficult for developers.

6.Compliance to file returns thrice a month is a concern, says Amit Ruparel, MD, Ruparel Realty

Implementation of GST has brought a radical change in the real estate sector and has helped to bring in a lot of transparency in the sector. Initially, the market witnessed a sluggish trend with implementation of GST, but now it is slowly moving towards recovery.

7.How RERA is revolutionising Indian real estate

The Indian real estate industry, particularly the residential sector, was in the past correctly characterised as being unregulated and unorganised with unreasonable project delays and poor quality of construction being definitive aspects.

8.74 per cent homebuyers unaware of how to check RERA status of project

RERA falls short of connecting with consumers, 15 states yet to set-up websites for registration of projects by developers.

9.Treatment of home buyers as financial creditors could impact real estate sector asymmetrically

India Ratings and Research (Ind-Ra) believes the cabinet ordinance to treat home buyers as financial creditors rather than operational creditors under the Insolvency and Bankruptcy Code 2016 (IBC) could be credit negative for the lenders of developers, while it may strengthen real estate buyers’ (end-customers) protection and boost the customer sentiment.

10.CREDAI seeks government intervention for implementation of RERA tribunal in all states

The Confederation of Real Estate Developers' Associations of India (CREDAI) has requested Hardeep Singh Puri, Minister for Housing and Urban Affairs, to intervene in a bid to facilitate the successful implementation of the Real Estate Appellate Tribunal under Section 43 of the Real Estate Regulatory Authority (RERA) Act in the country.

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