Real estate bill 2014
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 »
Renowned property consultant and market research expert Jones Lang LaSalle recently conducted a “Global Real Estate Transparency Index” survey for the countries of the Asia-Pacific. According to the survey, Indian real estate market ranks lowest when it comes to transparency in all real estate related matters. The main contributors behind this abysmal performance of the [...] Continue Reading »
The housing ministry plans to include commercial and industrial real estate under the Real Estate (Regulation and Development) Bill, 2013 which is expected to be brought to the Parliament in the monsoon session. The ministry official mentioned that a proposal would be soon sent to M Venkaiah Naidu the housing and urban poverty alleviation minister, for approval and then [...] Continue Reading »
Real estate players apparently have a lot of expectations from the new Government headed by Narendra Modi. Though Modi is yet to officially assume charge as India’s new Prime Minister, the country’s realty sector is hopeful of several realty-specific policy initiatives under his governance. The policy initiatives which the real estate sector is anticipating from [...] Continue Reading »
