Major real estate markets across the Asia Pacific continued to perform well in the third quarter of 2022, despite the loss of some growth momentum Difficult macroeconomic conditions marked by high inflation and rising interest rates hampered the growth momentum. Investments in the commercial office sector In India saw a revival during January-September 2022.
The authority has been hearing the complaints through virtual mode under the e-courts system keeping in view the need for containment of the COVID-19 pandemic in line with the directions of the Centre and the state government. The decision for putting in place a hybrid system of hearings was taken during the RERA's 59th meeting on Friday which was chaired by Chairman Rajive Kumar to discuss issues related to home buyers and builders in the state. He said many home buyers and their legal counsels had been seeking physical hearing instead of the online mode.
According to the estimate, more than 50,000 buyers are looking forward to getting their properties registered The buyers have invested in about 385 group housing projects In the absence of a payment scheme by the authorities, the builders in the district are not able to clear their dues and the registration process is on hold