Real Estate regulatory bill
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 »
India’s realty sector is projecting that a strong Govt at the Centre will give it the much-required push, via some significant initiatives and regulations to help the sector gather momentum for potential growth. Noting that significant reforms by the Centre Govt can help attract investments to the realty sector, Anuj Puri – JLL India Chairman [...] Continue Reading »
India’s realty sector is projecting that a strong Govt at the Centre will give it the much-required push, via some significant initiatives and regulations to help the sector gather momentum for potential growth. Noting that significant reforms by the Centre Govt can help attract investments to the realty sector, Anuj Puri – JLL India’s Chairman [...] Continue Reading »
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 »
New Delhi: The apex consumer commission has directed prominent realty company Unitech Ltd to reimburse approximately Rs 14 lakh towards delay in possession. The customer – a Sanjay Goyal spent the same on rent due to the delay in possession date of the flat which he had bought. Over Rs 1.37 crore was paid by [...] Continue Reading »
The proposed Real Estate (Regulation and development) Bill has made carpet area a compulsory feature for approving building plan. The decision was made by top government officials at Association Chambers of Commerce and Industry in India (ASSOCHAM) event held in New Delhi. Now, the development authorities and municipalities will have to clear building plan or [...] Continue Reading »
A decision on the draft law to set up a regulator for realty sector with provisions for jail term for the builders who put out misleading advertisements of projects has been deferred by the Union Cabinet. This regulator also made compulsory that all the developers who want to launch projects can only get the approval [...] Continue Reading »
Home buyers in Greater Noida West staged a protest march demanding strict action against developers and also the presenting of the real estate regulatory bill in the ongoing Parliament session at Jantar Mantar. Social activists, several residents welfare associations and home buyers from Noida, Ghaziabad, Faridabad, Gurgaon and Kurukshetra have have joined the protest. The [...] Continue Reading »
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 »
The Government of Haryana is now looking forward to set up the Real Estate Regulatory Authority so that the real estate sector continues to boom and also to prevent the unscrupulous realtors from targeting the property buyers. According to sources, Gurgaon developers said that regulatory bill is a complicated long procedure. This new regulation will lengthen [...] Continue Reading »
