Welcome to Kerala's realestate properties

Union Cabinet approves draft Model Rent Bill for homes & commercial buildings. The bill will now be introduced in Parliament, including the proposals of the states. The main provision of the bill is that the authority will be constituted to regulate rent and to protect the interests of the building owner and tenant. All States and Union Territories should appoint an independent authority for the registration of lease agreements. The new bill provides for the establishment of special courts to resolve disputes between landlord and tenant. Disputes between the landlord and the tenant can be approached by the authority. The new law stipulates that only two months' rent can be purchased as a security deposit. When renting a building for commercial purposes, a maximum of six months' rent can only be purchased in advance. Central government sources said the new law would encourage more houses to be rented out. All States and Union Territories should appoint an independent authori...

The Real Estate Regulatory Authority (RERA) is stepping up action to avoid exploitation in the construction sector. Advertising and sale of flats and villas not registered with the Authority will no longer be allowed. A warning notice was issued stating that fines of up to 10 per cent of the construction cost of such projects would be levied. See list of ongoing projects  https://rera.kerala.gov.in/rera_project_details The Real Estate Regulatory Authority, which oversees real estate projects, came into existence in the state on January 1 last year. The condition is that all projects currently under construction and without a certificate of ownership must be registered with the RERA. Accurately certify the original plans approved, the amount received from the customer, the time of completion of construction and the time of delivery to the owner. If the building is not completed on time, the company must pay a penalty of up to 9% for each month of delay. In the context of Covid19, t...

  The housing market in India is one of the pillar of the economy, it is the second-most noteworthy work generator in the nation after agribusiness. The area represents almost 6 to 7 percent of the economy and is set to represent almost 13% by 2025 if all change means declared are executed well. The area has been one of the greatest abundance makers in the previous few decades.  After transitory shocks considering primary changes like GST and RERA, the upgraded liquidity in the financial framework and a reclamation of purchaser certainty were gradually streaming through in the land area before COVID-19 hit Indian shores. Accordingly, the pandemic-impacted droop is, best case scenario, a transient blip across all areas of the economy. With the rollout of the antibody and resumption of routineness, the housing business sector will absolutely skip back with recharged power.  The pandemic may, in 2021, influence purchasers' inclinations as far as decision of land: bigger form...