RERA - NewNerve

Haryana Stamp Duty: Everything You Need to Know, 2024

10Jun

By AnkitNo Comments

Real Estate

Haryana Stamp Duty: Everything You Need to Know, 2024

Acquiring property in Haryana involves a crucial step: paying stamp duty charges. Whether you're purchasing a residential space or engaging in a property transfer, understanding the payment process is essential for a smooth transaction. This article, based on information provided by Godrej Properties, a prominent real estate developer, outlines the methods for paying stamp duty charges in Haryana, both online and offline. Online Payment: Convenience at Your Fingertips Haryana's government embraces technological advancements, offering a convenient online method for stamp duty payments. Here's a step-by-step guide: Access the Government Portal: Begin by visiting the official website of Haryana's Revenue and Disaster Management Department or the dedicated e-Stamping portal. Provide ...

RERA: Promise vs. Reality – Examining Implementation Challenges in India

7Jun

By Ankit1 Comment

Real Estate

RERA: Promise vs. Reality – Examining Implementation Challenges in India

While RERA has been a significant step towards regulating the real estate sector in India, its implementation across different states has faced various challenges. Here are some key issues: 1. Lack of Uniformity and Interpretation: Different Rules and Regulations: Each state has its own RERA rules and regulations, leading to inconsistencies and confusion for developers and buyers. This lack of uniformity hinders the smooth functioning of the law across the country. Varying Interpretations: Different RERAs interpret the Act in their own way, leading to varying interpretations and implementation practices. This creates a fragmented regulatory landscape, making it difficult for developers to comply with the law consistently. 2. Capacity and Resources: Understaffed and Under...

7Jun

By Ankit2 Comments

Real Estate, Economics

State-Wise RERA Website Links, 2024

Here are the statewise RERA website links in India, as of October 26, 2023. Please note that some states may have multiple websites for different aspects of RERA, and some websites may be under development or undergoing updates. It's always best to verify the most up-to-date links directly through official government sources or by searching for "RERA [State Name]" on the internet. North India: Delhi: https://rera.delhi.gov.in/ Haryana: https://www.rera.haryana.gov.in/ Punjab: https://www.rera.punjab.gov.in/ Himachal Pradesh: https://rera.hp.gov.in/ Uttarakhand: https://rera.uk.gov.in/ Uttar Pradesh: https://up-rera.in/ Jammu & Kashmir: https://www.jk-rera.in/ Chandigarh: https://www.rera.chd.gov.in/ East India: West Bengal: https://wb.rera.gov.in...

Decoding RERA: Understanding Your Rights and Protecting Your Investment, 2024

7Jun

By Ankit1 Comment

Real Estate

Decoding RERA: Understanding Your Rights and Protecting Your Investment, 2024

The Real Estate (Regulation and Development) Act, 2016, commonly known as RERA, is a landmark legislation that has revolutionized the real estate sector in India. It aims to protect the interests of homebuyers and promote transparency and accountability in the industry. This comprehensive guide will delve into the key aspects of RERA, providing you with all the information you need to navigate the real estate market with confidence. What is RERA? RERA is a central legislation that governs the real estate sector across India. It establishes a regulatory framework for the promotion, regulation, and development of real estate projects. The Act aims to address the long-standing issues of delays, project cancellations, and unfair practices prevalent in the industry, ultimately safeguarding th...

Why RERA Registration is Your Safety Net, While Buying a New House

7Jun

By Ankit1 Comment

Real Estate

Why RERA Registration is Your Safety Net, While Buying a New House

Introduction: Buying a home is a significant financial decision, and it's crucial to be well-informed about the legalities involved. In India, the Real Estate (Regulation and Development) Act, 2016 (RERA) plays a vital role in protecting buyers' interests. This article will delve into the importance of verifying RERA registration for both developers and agents before making a purchase. Why RERA Registration Matters: Transparency and Accountability: RERA mandates developers to register their projects and provide detailed information about the project, including plans, approvals, and timelines. This transparency ensures buyers are aware of what they are investing in. Protection Against Fraud: RERA aims to curb fraudulent activities in the real estate sector. By verifying registra...