What is the Commitment Fee?

Commitment Fee refers to the fee charged by the creditor for unused credit to the borrower. The credit is not completely disbursed by the lender in one go to the builder or the borrower. The disbursal of loan is thus many times linked to the completion of the project. The borrower has to thus pay

Real Estate (Regulation and Development) Act, 2016

The UPA government had introduced a Real Estate (Regulation and Development) Bill, 2013 in August, 2013 in the parliament.  The most recent version of this bill was passed in both the houses of parliament in February 2016. The bill has become effective on May 1, 2016 as Real Estate (Regulation and Development) Act 2016. Background The