Bill
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 »
Realtors in Noida have welcomed the Centre’s move to make it mandatory for real estate agents to get themselves registered with the proposed real estate regulatory authority (RERA) and obtain a licence before starting business. This is a surprising move as we had expected a lot of opposition from them. However the builders feel that [...] Continue Reading »
A decision on the draft law to set up a regulator for realty sector with provisions for jail term for the builders who put out misleading advertisements of projects has been deferred by the Union Cabinet. This regulator also made compulsory that all the developers who want to launch projects can only get the approval [...] Continue Reading »
After the meeting with the group of Central ministers, the draft land acquisition bill for which the farmers protested against was called off. Government allowed to form a committee to look after the demand of the farmers demonstrating in Delhi since long time under the banner of Kishan Khel Mazdoor Mahapanchayat with a definite timelines. [...] Continue Reading »
Delhi- Parliamentary Affairs Minister has called for a meeting of political parties on 7th March with regard to the planning of land acquisition bill. The government wants to move ahead with the bill and also the concern raised over the proposed legislation will be discussed in the meeting which will take place on first week [...] Continue Reading »
The government is to consider giving infrastructure status to the housing sector in order to provide affordable housing to the financially weaker section. A senior official from Housing and Urban Poverty Alleviation (HUPA) said, the proposal has already been taken up with the Finance Ministry and the Reserve Bank of India, and is expecting a [...] Continue Reading »
Panaji- On 12th December, Chief Minister of Goa Manohar Parrikar pointed out the delay in the finalization of any bill on the Goa khazan land development board by the cabinet and irrigation department. He dismissed all the charges made by NGOs regarding the proposed bill in favor of land sharks and defended himself by informing about the circulation of [...] Continue Reading »
CREDAI has criticised the proposed real-estate regulatory bill by saying it is anti-people, which is expected to be tabled this winter season. The bill seeks to determine some sort of regulatory authority for the real estate sector. The Confederation of Real Estate Developers Associations of India (CREDAI) classified the Bill as anti-people and said the [...] Continue Reading »
The new Maharashtra Housing (Regulation & Development) Bill, 2012, came under attack from housing experts as they labeled it ‘builder friendly’. Activists, housing societies and flat buyers claimed that not only was it poorly drafted, but also failed to maintain transparency and stated that it is a watered down version of the repealed Maharashtra Ownership [...] Continue Reading »
A delay of three years in Fuel Surcharge Adjustment (FSA) has already worried a lot of apartment owners in Hyderabad. FSA returns of last four years have to be still collected, totalling to Rs 7,500 crore. It is so delayed that the bill for 2008-09 will be announce in 2012-2013 and around 1.8 crore consumers [...] Continue Reading »
