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Related Articles from SNS
RERA FAQs: 25 questions every homebuyer should know the answers to
Enacted by Parliament in 2016, the Real Estate (Regulation and Development) Act, or RERA, was introduced to bring greater transparency, accountability and efficiency to India's real estate sector while protecting the interests of homebuyers. Under the law, residential and commercial projects exceeding 500 square metres of land area or comprising more than eight apartments must be registered with the Real Estate Regulatory Authority (RERA) of the respective state before they can be marketed...
Facing a dispute with your builder? Here's how RERA can help register your grievance
Buying a home is often the biggest financial commitment many people make. But for homebuyers, the experience can turn stressful when builders delay possession, fail to deliver promised amenities, or stop responding to queries altogether. When such disputes arise, the Real Estate Regulatory Authority (RERA) serves as the primary forum for grievance redressal.
UP RERA says carpet area is what counts, not super built-up area; here's why it matters
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Wednesday cautioned homebuyers against relying on super built-up area figures while purchasing flats, saying carpet area which makes the actual usable space inside a residential unit, should be the basis for any buying decision. UP RERA said the Real Estate (Regulation and Development) Act, 2016, mandates carpet area as the “standard basis” for disclosure and sale of apartments. Developers are required to list the number, type...
Plenty of homes, no shortage: Why UP RERA is cautioning property buyers
Uttar Pradesh's real estate regulator said more than 1.15 lakh residential and commercial units are currently available for sale across the state, pushing back against claims of a supply shortage and cautioning buyers against making rushed investment decisions. In a statement issued this week, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) said the current inventory levels suggest that homebuyers and investors have ample options available across different property categories...
OC, CC, RERA and sale deed: Property documents every homebuyer should know
Purchasing a property is one of the biggest financial decisions most people will ever make, and it comes with a long list of documents that require careful scrutiny. Missing a key detail or signing without fully understanding the paperwork could lead to delayed possession, financial losses or even legal disputes later. Among the many documents involved in a property transaction, four stand out as particularly important: the Occupancy Certificate (OC), Completion Certificate (CC), RERA...
SWAMIH Fund explained: How it works, eligibility, and what's next
When a residential project runs out of funds midway through construction, homebuyers are often left paying EMIs and rent simultaneously while waiting for possession. To address such stalled housing projects, the Centre launched the Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund in 2019. The government-backed last-mile financing fund provides capital to stressed but viable residential developments, enabling construction to resume and homes to be delivered.