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budget session

Real estate regulatory bill to be revised

Real estate regulatory bill to be revised
In a move to bring in relief to the developers, the Ministry of Housing & Urban Poverty Alleviation decided to keep the commercial offices and shops out of the purview of the Real Estate ( Regulation & Development) Bill. According to officials, the bill will only regulate the housing sector. For now, the current draft [...] Continue Reading »

Affordable housing sector to get infrastructure status

Affordable housing sector to get infrastructure status
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 »

Land Acquisition Bill opposed by developers

Land Acquisition Bill opposed by developers
New Delhi-  In a recent declaration by the Union Cabinet, the much expected Land acquisition Bill, 2012 was cleared and will be presented in parliament for the upcoming Budget session. This has eventually created a furor among the real estate developers as they wanted private-to-private land acquisition be off the new land acquisition bill. The developers [...] Continue Reading »



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