Sector 17 Property

All 92 Sections of the Real Estate (Regulation & Development) Act, 2016, have come into effect today. A look at how the new law is going to change the dynamics of the sector.

Supertech Supernova is an upcoming project in Noida Sector 94. The tallest tower of Noida, Spira is a part of this project and is currently under-construction. The height of Supertech Spira is projected to be 300 meters, offering 80 floors with 600 studio apartments and 250 housing units.

India’s construction sector has several challenges. There are no standards in the industry and there is a deficiency of project management expertise, which results in project delays and cost overruns. The software used are expensive and require advanced hardware. Unfortunately, despite the benefits of BIM, some mavens in the industry are clinging to the old ways of working.

Reliance Communications Chairman Anil Ambani has said that his firm would be shutting down its telecommunication business and turn its focus on Reliance Realty. The real estate business, says the billionaire businessman, will be the engine of growth for the future of this company.

After the launch of the Telangana Real Estate Regulatory Authority (TS RERA) and its portal on September 1, all the developers across the state have now been asked to register their projects with the regulatory body to avoid penalties.