Real Estate Regulatory Authority
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 »
The Union ministry of housing & urban poverty alleviation has prepared the draft of the real estate regulatory bill. The proposal in the draft will encourage the builders to promote clarity regarding the project information. The proposed draft also ensure that builders will concentrate about timely project completion, failing which penalties will be imposed. Failing [...] Continue Reading »
The realty industry hoping for a budget which will provide more support to the realty industry to construct more affordable houses. The industry also wants the formation of Real Estate Regulatory Authority (RERA), to improve the transparency and authenticity of the real estate industry. The Industry wants proposals for making it more investment friendly so [...] 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 »
The Centre is likely to introduce real estate regulation bill in the monsoon session. The Real Estate (Regulation and Development) Bill 2011, prepared by the Housing and Poverty Alleviation (HUPA) Ministry intends to promote planned development of real estate and protection of public interest among others. The Centre is likely to introduce the bill in [...] Continue Reading »
The builder lobby which has till date cocked a snook at the Civic Body’s attempts to stop malpractices in the real estate sector, will now have a tough law to deal with. Monsoon session may see a policy that imposes stricter punishment on builders who quote built-up area prices, developers are not amused. This monsoon [...] Continue Reading »
