Did demonetisation erase black money in real estate? Just a couple of months ago, demonetisation appeared to have taken all the remaining steam out of our Indian real estate’s sails. Sales in the significantly R
The year 2016 was an interesting one for real estate markets. A number of initiatives, like the passage of the Real Estate Regulatory Bill in March 2016, amendments to REIT guidelines in budget 2016-17 R
Curbing of speculative activities in the realty sector after the establishment of a regulator is expected to adversely impact the housing finance companies, a Reserve Bank report said today.
Those invested in a delayed project, suffer in several ways. If this is their first house and they have taken a loan, the buyers are saddled with both, rent and EMI simultaneously. If it R
The festive season is when people usually loosen their purse strings as this is an auspicious time to buy a home. Usually, this means a windfall for developers. But with the property market in R
It has been a big week with parliament approving a real estate regulatory authority bill. 10 years after it was first envisaged, India's watchdog for the real estate sector is now a reality. Prime Property brings you the highlights of real estate regulatory bill.
Rajya Sabha passes the bill, which will bring in much needed transparency in the sector and empower home buyers.
The Real Estate Bill is pending before Parliament and the governemnt is hopeful that after discussion, it could be passed in the ongoing session, Urban Development Minister Venkiah Naidu said in reply to supplementary questions during the Question Hour.
Changes which have been made in the original draft of the Real Estate Regulatory Bill over time are quite progressive
The bill may have raised hopes for the property buyers. However, there are many gray areas which may act as dampener.
The Select Panel appointed to review the Real Estate Regulatory Bill has drawn up a list of as many as 37 suggestions, seeking to incorporate them before the bill is turned into law.
The Rajya Sabha committee is expected to meet on July 5 and 6 to discuss the bill clause-by-clause.
JLL points out the impact of proposed Real Estate Regulatory Bill.
The Bill will bring about a common regulatory platform for all stakeholders in the industry thereby ushering in a higher degree of accountability amongst builders and sales intermediarles
Developers say one proposed law in the bill has caught them on the wrong foot: the Real Estate Regulatory Bill requires them to deposit 50 percent of funds received from buyers in an escrow account, and which will be utilized only for construction purposes.
Under the proposed Law, one or more Regulatory Authorities will be set up in each State/UT or one Authority for two or more States/UT by the concerned governments for oversight of real estate transactions.
There has been a long standing demand to bestow infra status to low cost housing and township projects.
An overview of what happened in real estate sector in 2014 and what to expect in 2015.
With the intention to gauge the expectations of home buyers from Union Budget 2014-15, Makaan.com, India‘s fastest growing property site, conducted a research christened Roti, Kapda & Makaan 2014.
During prelaunch, developers apprise an inner circle of brokers/investors that a property not officially launched in the market is available for sale. While one imagines the news spreads through word-of-mouth or email, recently we have seen prelaunch announcements made on public hoardings and in newspapers.
Terming real estate regulatory bill as a populist measure, realtors' body CREDAI on Wednesday said the proposed law should govern all stakeholders of the industry and not only the developers.
Two amendments to draft dilutes final bill - 1) lowering lock-in of customer advance from 70% to `70% & lower`, 2) removal of clause `Written Agreement in place before accepting > 10% advances`
Though the Bill will turn out to be a boon for the property purchasers and the consumers, it has received a lot of criticism from developers for not being inclusive in its approach towards them.
Projects can`t be launched before all construction plans passed and approvals in place. Will this delay the project cycle further? And will this be practical keeping in mind that the biggest reason for delays in any project is getting plans approved.
The Real Estate Bill envisages to bring forth higher level of transparency and accountability from the developer community, which for long has been either self regulated or working on best practices principles.