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ASSOCHAM

Licences for real estate brokers proposed in the new bill by UP Govt

Licences for real estate brokers proposed in the new bill by UP Govt
In order to protect the consumers from getting hurt, the UP government is planning to come up with a new law that will tighten the noose around fraudulent real estate agents. It is said that under the new law, dealers are required to register themselves with a local government body and obtain a license for [...] Continue Reading »

Housing price bubble not likely in India

Housing price bubble not likely in India
New Delhi: Even though real estate prices have increased rapidly in the leading cities, Reserve Bank of India (RBI) governor D Subbarao opines that there is no housing price bubble building up in India. After capturing prices in nine cities, RBI has recorded in its macro-economic and monetary development report released recently that there are [...] Continue Reading »

Real estate regulatory bill to acknowledge only carpet area

Real estate regulatory bill to acknowledge only carpet area
The proposed Real Estate (Regulation and development) Bill has made carpet area a compulsory feature for approving building plan. The decision was made by top government officials at Association Chambers of Commerce and Industry in India (ASSOCHAM) event held in New Delhi. Now, the development authorities and municipalities will have to clear building plan or [...] Continue Reading »

NCR observes 55% mall vacancy: ASSOCHAM

NCR observes 55% mall vacancy: ASSOCHAM
New Delhi- A survey made by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has revealed that over half of the total malls in Delhi-NCR are lying vacant. Currently Delhi-NCR is witnessing 55 percent of total vacancy in malls. The mall vacancy rate of other prime cities of India are 52 percent in [...] Continue Reading »

South Indian realty observes stable demand

South Indian realty observes stable demand
The Associated Chambers of Commerce and Industry of India (Assocham) has reported that real estate demand has remained moderate. Even the festive season’s special offers failed to bring in husky demand for properties. The survey was carried out in major cities like Delhi-NCR, Mumbai, Bangalore, Chennai, Kolkata, Ahmedabad, Hyderabad, Pune, Chandigarh and Dehradun and gathered [...] Continue Reading »

Real estate remains dull this diwali

Real estate remains dull this diwali
Property investments remains dull despite attractive offers and aggressive marketing. The reason for the slowdown in real estate is because of the high property prices and unusual rise in the cost of materials used for construction, says the ASSOCHAM survey. On the eve of festival, there was a growth of only 20 percent compared to [...] Continue Reading »

Proposed changes in Land Bill by Assocham

Proposed changes in Land Bill by Assocham
Assocham, the industry body proposed a change in the land acquisition bill by stating that the law should have a provision of government assistance for acquiring 100% of land requirement by the private sector. However, a conversation between the chamber and the Rural Development Minister Jairam Ramesh, the suggested provision should be allowed even to the projects which [...] Continue Reading »

Gold better option than real estate for investors

Gold better option than real estate for investors
Although real estate offers a good investment option to investors, gold seems to be the safest bet for investments amid uncertainty in other investment avenues in India. According a study by industry body Assocham, investments in gold have yielded higher returns compared to those in equity and real estate in India during the last three [...] Continue Reading »

Court order will have adverse effect on realty in Gurgaon: Assocham

Court order will have adverse effect on realty in Gurgaon: Assocham
In an expected reaction, industry body Assocham on Tuesday said the realty sector and investments in Haryana will be hit following the High Court order directing the state government not to issue permits for construction unless builders give in writing that groundwater will not be drawn by them. The body asserted that the order could [...] Continue Reading »

50% of Haryana invests in realty sector

50% of Haryana invests in realty sector
Assocham study reveals that the real estate industry is attracting substantial investments in seven of the 20 top well-performing states even as the property market is facing slowdown. Almost 50 percent of Haryana’s investment is being done in realty sector since December 2011. The services sector accounted for about 34 per cent of its total [...] Continue Reading »



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