The Real Estate Regulation and Development Act (RERA), 2016, was introduced to protect the interests of homebuyers and to boost investments in the realty sector. Although the Act came into effect from May 1, 2017, more than a year later, it remains a non-starter in many states across India.
In growth terms, when it comes to absorption or sale of residential units and project launches, Greater Noida and Faridabad have left Gurgaon way behind. A survey of the national capital region (NCR) during the first quarter of the year shows absorption in Greater Noida shot up to 12,342 units, reco..
Chennai witnessed several new project launches in 2012 totalling a supply of over 26,000 houses despite subdued economic conditions, says Knight Frank, property consultants. The supply last year was 73 per cent more than in the previous year reflecting improved economic conditions and the optimism i..