Hazratganj got its name in 1842, and is popularly known as ‘Ganj’. After the First War of Independence in 1857, the British took over the city of Lucknow and Hazratganj was modeled after Queen Street in London. In 2010, after nearly 200 years, Hazratganj received a makeover. Buildings were painted in a uniform color, and …
Hazratganj Lucknow, India – Builders Stealing from innocent Buyers Read More »
Everywhere not in India, you can find corruption in whorle the world. It depends on you how are you smart and having knowlegde regarding your profession. No doubt real estate industry was unorganised industry because there was no govenment body to control the commitment done by builders in india. After implementation of RERA in indian …
How corrupt is the real estate industry in India? Read More »
A combination of government reforms, falling demand, and bad loans is hurting India’s real estate sector. If you live in one of the big cities, or even if you have merely visited any of these big cities, one thing that will leave an impression on you is the sheer volume of construction that is happening. …
Human beings have felt the allure of land since time immemorial. Families, regions, nations and civilizations have gone to war in order to claim land or protect it. Alexander, Caesar, Ashoka, Hitler – to name just a few historical figures – held land to be synonymous with power. Why wouldn’t they? Owners of land usually …
Why smart investors should avoid investing in real estate Read More »
Last week, Apple CEO Tim Cook told analysts that “India is moving fast. They are moving at a speed that I have not seen in any other country in the world.” Despite this and many other positive endorsements, investors often procrastinate and identify reasons not to invest in India’s growth. In this wire, we seek …
The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers as well as help boost investments in the real estate industry. The Act establishes Real Estate Regulatory Authority (RERA) in each state for regulation of the real estate sector and also acts as an …
Real Estate (Regulation and Development) Act, 2016 Read More »
Over the last three decades, India has made significant strides in establishing itself as a major player in the world economy. Despite its rapidly evolving economy and expansive capital markets, India’s real estate industry has only just emerged in the global arena. Strong economic and demand fundamentals for real estate have drawn the attention of …
Growing pains of regulation in Indian real estate Read More »
Today the real estate industry is one most flourishing industry in India. The demand for residential and commercial property is increasing constantly and so is the number of builders and developers who offer special features to attract prospective buyers. A very important role is played by builders and developers in the redevelopment of housing societies. …
Remedies against unfair practices of builders and real estate developers Read More »
UP RERA has also issued a show-cause notice to Greater Noida development body which faces a penalty of over Rs 3 crore and Ghaziabad development body which may have to pay about Rs 1.39 crore Builders who failed to comply with an Uttar Pradesh Real Estate Regulatory Authority (UP RERA) order to handover possession of units may …
Penalty clause is the sole section, which holds the potential to serve a homebuyers’ interest in case of dispute with the builder. Pay extra attention to this provision while finalising a real estate deal. The recent cases of some Noida based developers failing to deliver a project for over two decades have raised concerns over …
Understanding the penalty clause in the builder-buyer agreement Read More »
