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Real estate bill causes distress to developers

Real estate bill causes distress to developers
The Union Cabinet’s nod to the Real Estate Regulatory Bill has made buyers feel happy and secure; on the flipside, some of its provisions have left the developers panicking. Views of MHUPA Ajay Maken, minister of housing & urban poverty alleviation, said that the bill provides for a uniform regulatory environment to protect consumer interests [...] Continue Reading »

CAG report points out irregularities in incomplete infra projects

CAG report points out irregularities in incomplete infra projects
Delhi: The recent CAG of India report criticized about the inability of the government in rise in cost and non-completion of infrastructure projects, particularly in providing low-cost housing. Many projects had been announced under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) to provide housing for the poor. Despite getting a year’€™s extension, most of [...] Continue Reading »

Approval delays lead to hike in property rates: Survey

Approval delays lead to hike in property rates: Survey
New Delhi- Owing to delay in initiating projects, prices of properties in India have shot up by 40 percent, reports Economic Survey 2013. Before the construction activity of a project has to be started, the builder of the project has to complete 34 procedures to get clearances which would take at least six months time [...] Continue Reading »

Police personnel get housing schemes in TN

Police personnel get housing schemes in TN
In a recent launch by the Chief Minister J Jayalalithaa in Tamil Nadu, a housing scheme for police personnel has been initiated as a part of the government’s resolve to cater comfortable  dwelling units for the uniformed personnel. The foundation stone for the construction of about 2,673 multi-storeyed dwelling units under the first phase of “Own [...] Continue Reading »



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