Realty News
The Union Government will introduce Real Estate Development Regulatory Bill in the winter session of the Parliament. This is aimed to reign-in the unscrupulous builders who escape the responsibility of providing promised facilities to the property buyers. The Union Minister for Urban Development and Parliamentary Affairs M. Venkaiah Naidu stated that a proper law was needed [...] Continue Reading »
The Government is keen on introducing the Real Estate Development Regulatory Bill in the winter session of the Parliament. This bill is expected to bring some relief to the home buyers who are taken for a ride by the real estate developers. The Government is set to crack the whip on unscrupulous builders who put [...] Continue Reading »
The Government’s plans of boosting manufacturing have been hit because the land prices have increased. Acquiring land for a factory or warehouse is turning out to be a real challenge for the Indian manufacturers. The capital required to buy large tracts of land is shooting up and this has posed a major problem for the [...] Continue Reading »
The ambitious plan of Prime Minister Narendra Modi to build 100 smart cities across the country is a major step towards a Digital India. India is looking forward to upgrading its urban areas and creating new world class cities. The prime minister is pro urbanisation and digitisation and recognition is given to technology in realising [...] Continue Reading »
Goldman Sachs and Century Real Estate Holdings, both are jointly developing India’s second Four Seasons hotel in Bangalore. However there is some bad news looming for them round the corner as the construction major ShapoorjiPallonji& Co Ltd (SPCL) has threatened to take legal action against them. The Wall Street bellwether Goldman Sachs has a 73 % [...] Continue Reading »
Assam’s Chief Minister TarunGogoi today asked the state’s Urban Development Department to prepare the terms and conditions of the ‘Smart City‘. Gogoi mentioned that Guwahati has found a place in the list of 100 such cities envisioned by the Centre and he wants to see the dream take shape soon. The sources in the Chief [...] Continue Reading »
All the ministries have been demanding reforms in the Land Acquisition bill which was passed by the previous UPA government. In a decision, which could have far-reaching consequences on industrial development, the government may simplify the land reforms laws. On Tuesday, the government tabled the Karnataka Land Reforms and Certain Other Laws (Amendment) Bill, 2014. [...] Continue Reading »
The government is set to revive an initiative of its predecessor to make regulators of key sectors such as power, telecommunications and railways accountable to Parliament. This move is expected to boost private investments in the infrastructure sector. The planning minister Rao Inderjit Singh has instructed the infrastructure division of the Planning Commission to finalise [...] Continue Reading »
Residential property prices in Bangalore have seen a decline over the past year and hence individual home buyers can buy properties at a lesser price compared to the last year. This trend also seen in second-tier cities like Kochi, Bhopal, Patna and Bhubaneswar. National Housing Bank Residex, an index that tracks the prices of the [...] Continue Reading »
The state governments are in a spree to regularise their property and land acquisition acts. Despite Congress legislators picking holes in the Punjab Apartment and Property Regularisation (Amendment) Bill, 2014, it was given the go-ahead in the assembly on Tuesday. It was pointed out that while the colonizer and builder will be held responsible for [...] Continue Reading »
