India’s first title insurance policies launched by HDmabFC ERGO

HDFC ERGO launched its first ever title insurance policies on Tuesday making them India’s first Title Insurance Policies.
Title insurance refers to insurance for the title of a real estate property and is mandatory according to the Real Estate (Regulation and Development) Act 2016, or RERA.

This specialty insurance product provides indemnity to property developers and the subsequent owners of the property against losses and risks related to defects in property title arising out of third party challenges not discovered before the commencement date of the policy.

For more visit:www.rerafiling.com

Comments

Post a Comment

Popular posts from this blog

TNRERA is soon to get Chairperson and two members

Image
Tamil Nadu Real Estate Regulatory Authority (TNRERA) will be going to appoint a chairperson and two other officials shortly. S. Krishnan (Principal Secretary (Housing)) has been assigned as the authority on the temporary basis. Right now, a former judge of the High Court, B. Rajendran is functioning as the chairperson of the Real Estate Appellate Tribunal and Andaman and Nicobar Islands will come under the jurisdiction of both RERA and this Tribunal. The main concern of this authority is to appoint only those who have “no financial interest” and “persons of integrity beyond question”.  for more visit www.rerafiling.com
Read more

RERA Karnataka to appoint private entity to find out unregistered projects in the state

Image
KRERA is planning to appoint a private entity to identify unregistered project in the State. The private entity firm will find out the ongoing projects and new launches which are not registered in RERA yet. KRERA has issued tenders for invitation of application for appointment of consultancy. The private entity will be submitting a detailed report to the authority by conducting ground level survey for identification of unregistered projects. “We are planning to execute the project on a trial basis for a month,” said P Sunil Kumar, secretary, RERA. RERA was using the plan sanction certificates issued by BBMP as preliminary information and was planning to send the surveyor to the address for physical verification. “We will scale up the project with more effective tools and expand it to the rest of Karnataka gradually,” said Kumar.  For More Visit: www.rerafiling.com
Read more

GUJRERA gets a new address

Image
From 01 May 2018, GUJRERA is functioning from its new address - 4th Floor, Sahyog Sankul, GH-Road, Sector-11, Nr. Pathikashram, Opp. Civil Hospital, Gandhinagar-382007.  Till now the authority was functioning from the 1st Floor and 3rd Floor, Chief Town Planner Office Building, Sector-10 Gandhinagar-382010. GUJRERA has approved 2,486 real estate projects and 516 agents across the state. For More Visit: www.rerafiling.com
Read more