Real Estate Growth and Ecological Crisis: The Story of Delhi

This Research Brief outlines the ecological consequences of unorganized urban settlements along with the existing and upcoming real estate development projects in the National Capital Territory (NCT) of Delhi.

To provide a holistic view of the status quo, this Brief takes into account the challenges of vehicular congestion, green cover, urban waste management, and urban floods in the light of the Master Plan 2021 for Delhi. It serves as a master document to get a comprehensive overview of Delhi’s ecological state of affairs at a time when the real estate impacts every aspect of its ecological makeup. (more…)

Real Estate Regulatory Agency: The Need of the Hour?

By Vibishnavi P., Tamil Nadu Dr. Ambedkar Law University.

The word “real” has been derived from the old French word “reel”, which means actual. The term ‘estate’ has been derived from the Middle English word ‘estat’, which means property. Altogether, it means actual property or real property. The term real property has been in use since 1666. The term can be defined in a narrow sense as property, including land building, any natural resources etc,. However, in a wider sense, it might be  tedious to define it. The term ‘regulation’ has been derived from the Latin word ‘regulare’, which means control by rule. (more…)

Real Estate Bill: A Critical Analysis

By Nayanika Tiwari, NMIMS School of Law.

The Real Estate (Regulation and Development) Bill was passed in the year 2013 by the then existing government. This Bill led to the formation of Real Estate Regulatory Authorities (RERAs).

Under this law, any residential Real Estate project has to be registered with RERA. On registering the project, the promoter has to upload all the details of the project such as site and layout of plan and date of completion etc on the website of RERA. (more…)