Real estate regulation bill
The Urban Development, Housing & Urban Poverty Alleviation Minister M. Venkaiah Naidu on Friday mentioned in New Delhi that the BJP Government is set to bring out a revised Bill to regulate the real estate sector. Naidu did not give details about the contours of the Bill, however mentioned that the earlier Bill has lapsed [...] Continue Reading »
Ever since the incoming government last week made a historic win, big bets by the realty companies are already being placed. Across the nation, real estate agents and brokers are looking at Team Modi and his entourage to help revive the industry. They say aspirants should buy homes soon, because the government they feel is [...] Continue Reading »
The Real Estate Regulatory Authority Bill will be introduced before the parliament during the Budget session, said Ajay Maken, Housing and Poverty Alleviation (HUPA) minister. However, the proposed bill faced objections from real estate bodies and industry pressure groups. Realty bodies like CREDAI and NAREDCO have opposed the real estate regulatory bill stating that the [...] Continue Reading »
The government is coming up with new Bill with the forthcoming budget session in the parliament so that the real estate sector can be regulated with proper rules and regulations as commented by the Housing minister Ajay Maken. The Bill is introduced so that the real estate developers and investors can carry out a fair [...] Continue Reading »
New Delhi- With the start of the New Year 2013, there have been various changes in the realty sector. Two crucial bills, i.e. the Real Estate Regulation Bill and Land Acquisition Bill were be passed in the year 2013. This will further encourage the stakeholder’s sentiments in the next few quarters. This year will also initiate [...] Continue Reading »
The year 2012 was tough for the Indian real estate sector because of the economic condition and higher construction costs. But 2013 is expected to see an improvement in economic climate and the real estate sector. Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India, a real estate consultancy, said that the Indian real [...] Continue Reading »
2012 was not so good for real estate market as high construction cost and falling sales affected the market sentiment negetively. However, this year was positive for home buyers who were waiting to buy or invest in real estate sector unlike the previous two years where most of the cities witnessed a steep price rise. [...] Continue Reading »
According to an official of The Ministry of Housing and Urban Poverty Alleviation, the Real Estate Regulation Bill will not be tabled during the current session of Parliament. The bill is a long time demand by the builders in India. Once the bill gets regulated, Indian Real Estate industry will become more transparent. According to [...] Continue Reading »
Earlier, the government had released the draft of Real Estate Regulation Bill for the public to give suggestions and comments. It has been witnessed that, the public has responded well to the bill and now the government is also implementing the same. Public suggestions over the bill will soon be drafted as law in winter [...] Continue Reading »
With the apex court upholding the judgment of Allahabad High Court and with more land owners joining issue, more instances of land being acquired under the emergency clause of the Land Acquisition Act are coming to light. Builders and consumers, who have been at the receiving end, are already at loggerheads. For about seven years [...] Continue Reading »
