Transparency in real estate
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 »
As there is no regulator in the real estate industry, the home buyers suffers a lot by the delay in project. Often builders refuses to listen to the buyers for the delay in Projects in India. To overcome the scenario, a regulatory bill is essential to enhance transparency in the real estate industry and promote [...] Continue Reading »
A Red Book of Valuation Standards followed up with brokerage standards and Global real estate agency was launched by RICS. This launch is purely an effort to enhance professionalism and transparency in real estate industry! Based on the 12 high level principals, RICS has introduced real estate standards. RICS Red Book of Valuation Standards in [...] Continue Reading »
Higher construction costs? again? None is aware as to why the property prices are hitting sky high! Recently, the Maharashtra government has called of for revision of Development Control Regulations (DCR) to increase transparency in real estate transactions. So, all the home buyers especially in Mumbai get, set and ready to shell out more money [...] Continue Reading »
Talks about transparency in real estate dealings has been discussed and identified by Jones Lang LaSalle’s Indian Real Estate Transparency Index (IRETI) and Confederation of Real Estate Association of India (CREDAI). Andhra Pradesh is identified as a top transparency holder, whereas Jharkhand is declared as a least transparency realty holder. The overall realty transparency report [...] Continue Reading »
