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Delayed possession: Can homebuyers claim interest if date of possession not mentioned in agreement?

Homebuyers are eligible for refund with interest under section 18 of the Real Estate Regulatory Act (RERA) 2016, in case of delayed possession. ....

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Maharashtra Housing Minister Atul Save to Study Gujarat Model for Timely Recovery of Dues, ET RealEstate

Maharashtra housing minister Atul Save plans to study the Gujarat model of effective recovery mechanism under the Real Estate Regulatory Act (RERA) for possible adoption in view of the low execution of recovery orders in the state. The Union ministry of housing and urban affairs has directed states to follow the Gujarat model. Save s department will evaluate how the mechanism can be implemented in Maharashtra. ....

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India to be the third largest economy by 2027

India to be the third largest economy by 2027
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Karnataka HC order to state govt highlights discrepancies in issuing OC in Bengaluru

The order has brought to light several ambiguities in the city s real estate sector and the state government needs to make it clear who is in charge of awarding OC in places that are not governed by any development authority ....

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Budget pushes infra growth, PMAY, but leaves homebuyers disappointed

Developers say they look forward to the final budget post-elections and remain hopeful that the government will announce more policy initiatives to encourage housing for all further - both for buyers and promoters. ....

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