The Department of Stamps and Registration is geared up to roll out the new system based on one time password (OTP) across Karnataka in about two weeks.

Real estate regulators from across states have gathered in Lucknow and sources said they would push for amendments in the Real Estate Regulation and Development Act (Rera) to give them more teeth, particularly to execute orders passed by them.

Sales stood at 52,855 units during July-September 2019, down 9.5% from 58,461 units in the year-ago period. "Demand has been definitely impacted in the last quarter with buyers delaying their decisions," Samir Jasuja, founder and MD, PropEquity said.

The collective unsold stock in these cities of UP had declined by 26% - from 1,31,150 units in Q3 2017 to approx. 97,270 units by Q3 2019 end.

Macrotech Developers, earlier known as Lodha Developers, is also looking to increase contributions from so-called affordable housing to about 50 per cent of revenue over the next three to four years from 40 per cent.

Section 14 of the Real Estate (Regulation and Development) Act, 2016, clearly lays down that it is the promoter’s responsibility to rectify any structural defect within a period of five years. Here is a checklist for homebuyers.

Of the 42,000 Amrapali flats sold so far in multiple projects, some 14,000 are currently occupied by homebuyers. Sapphire I flat owners are among the first ones lined up for registration. There are 1033 buyers in Sapphire I.

The court also asked the Centre and the Delhi government to file their response, which they had not despite issuance of notice to them on July 16.

"The message is clear. Strict action is being taken against rogue builders involved in illegal operations."

Some buyers in Amrapali Sapphire, who queued up for the registration process and have submitted documents to verify their ownership, claimed that the wait has dragged on longer than expected.

Of the total vacant housing stock, around 78% or 8.64 million units are in 10 states and Union Territories, showed a Knight Frank India and Khaitan & Co report.

UP RERA has identified 397 projects in the NCR region of several promoters where the compliance of the court orders regarding possession are not being followed.