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  • Cabinet clears ordinance to amend Insolvency and Bankruptcy Code May 23, 2018 03:38 PM IST

    Cabinet clears ordinance to amend Insolvency and Bankruptcy Code

    Homebuyers to be given status of financial creditors enabling them to invoke the insolvency code against builders for project delays

  • Hardeep Singh Puri to write to Mamata Banerjee on tardy progress on smart city programme Mar 26, 2018 04:19 PM IST

    Hardeep Singh Puri to write to Mamata Banerjee on tardy progress on smart city programme

    New Town Kolkata was selected under the Smart City Mission in May last year. After three months of its selection, chief minister Mamata Banerjee had said that the state would not be part of the Centre’s smart city scheme

  • GST – A boon or bane for home buyers? Feb 15, 2018 11:50 AM IST

    GST – A boon or bane for home buyers?

    At an industry level, while few builders have extended the benefit to the buyers by way of offering festive discounts and waiver of GST, there are many more contractors/ builders who are unwilling to pass on the benefit of input tax credit to the buyers

  • Modi government plans to auction 9,400 'enemy' properties worth Rs 1 lakh crore Jan 14, 2018 11:05 AM IST

    Modi government plans to auction 9,400 'enemy' properties worth Rs 1 lakh crore

    The properties were left behind by people who took citizenship of Pakistan and China.

  • Bombay HC upholds validity of RERA; permits authority to grant extension to local developers for completion of projects Dec 06, 2017 03:42 PM IST

    Bombay HC upholds validity of RERA; permits authority to grant extension to local developers for completion of projects

    Homebuyers relieved. Say RERA has now passed through the executive, legislature, and judicial test. Urge Centre, states and regulatory authorities to implement RERA in letter and spirit.

  • Delhi’s Land Pooling Policy to be approved on December 8: Sources Dec 01, 2017 10:32 PM IST

    Delhi’s Land Pooling Policy to be approved on December 8: Sources

    At a meeting between Minister of Housing & Urban Affairs Hardeep Singh Puri and Lt Governor of Delhi Anil Baijal on October 13, various aspects of Land Pooling Policy were discussed and it was decided that some changes be made to the policy.

  • Techno-commercial agreement signed with Spain for three RRTS corridors Nov 30, 2017 01:24 PM IST

    Techno-commercial agreement signed with Spain for three RRTS corridors

    RRTS, first of its kind project in India, with design speed of 180 kmph will use state-of-the-art technologies for track structure, rolling stock and signalling system

  • 84% landlords expect an increase in smart buildings due to tech innovation: Study Nov 21, 2017 08:42 PM IST

    84% landlords expect an increase in smart buildings due to tech innovation: Study

    Those who understand occupier office needs and tech requirements will be at the forefront of this revolution, says the study by CBRE Research.

  • Noida Authority orders developers to follow NGT guidelines or face consequences Nov 02, 2017 11:38 AM IST

    Noida Authority orders developers to follow NGT guidelines or face consequences

    Credai has circulated a note to all its members that directed all developers to strictly comply with the green norms while raising construction

  • Smart City challenge calls for startups with social impact Oct 24, 2017 11:54 AM IST

    Smart City challenge calls for startups with social impact

    The areas of focus will be artificial intelligence, water, energy, transportation, waste management, healthcare, climate and smart agriculture

  • To see visible results of Housing for All by 2019: Hardeep Singh Puri Oct 23, 2017 06:11 PM IST

    To see visible results of Housing for All by 2019: Hardeep Singh Puri

    I am sure that by 2019 or maybe even before that we will have the results visible for all to see, said Hardeep Singh Puri, Minister for Housing and Urban Affairs, GoI.

  • Green rating systems for affordable housing and existing cities launched by IGBC Oct 07, 2017 04:19 PM IST

    Green rating systems for affordable housing and existing cities launched by IGBC

    The IGBC Green Cities (Existing Cities) Rating System aims to create guidelines for existing and brownfield cities identified for the Centre’s Smart/AMRUT Cities program

  • Metro Act does not allow Centre to put fare hike on hold, Delhi CM told Oct 07, 2017 04:08 PM IST

    Metro Act does not allow Centre to put fare hike on hold, Delhi CM told

    Minister of Housing & Urban Affairs Hardeep Singh Puri sent a detailed response in a letter yesterday to Kejriwal in response to the latter’s letter dated September 29, 2017.

  • IBBI amends insolvency resolution process norms Oct 06, 2017 03:28 PM IST

    IBBI amends insolvency resolution process norms

    An insolvency resolution plan will need to have a statement spelling out how the interest of all stakeholders will be dealt with, according to the amended regulations under the Insolvency and Bankruptcy Code.

  • Annual real estate supply in India expected to increase to 8.2 bn sq ft by 2025 Sep 28, 2017 02:27 PM IST

    Annual real estate supply in India expected to increase to 8.2 bn sq ft by 2025

    Share of the real estate sector in India’s GDP expected to double by 2025 and jobs likely to increase by more than 80 percent by 2025.

  • Revenue tribunal empowered to hear Maharashtra RERA appeals: Sources Sep 26, 2017 11:47 AM IST

    Revenue tribunal empowered to hear Maharashtra RERA appeals: Sources

    The central act made it mandatory for the state governments to form RERA authority as well as the tribunal by 30th April 2017.

  • 'Brain centres' in the works to monitor 11 smart cities; Partially operational in Pune & Nagpur Sep 22, 2017 07:28 PM IST

    'Brain centres' in the works to monitor 11 smart cities; Partially operational in Pune & Nagpur

    Command and control centres, will ensuring effective coordination in the functioning of various agencies of urban local bodies.

  • Interest subsidy scheme on home loans for middle income groups extended by 15 months Sep 22, 2017 07:00 PM IST

    Interest subsidy scheme on home loans for middle income groups extended by 15 months

    Central government today announced that the benefit of interest subsidy of about Rs 2.60 lakh on home loans under Pradhan Mantri Awas Yojana (Urban) will now be available for beneficiaries belonging to middle income groups (MIG) for fifteen more months beyond December this year.

  • RERA alone can’t get you homes: Niranjan Hiranandani Sep 22, 2017 04:40 PM IST

    RERA alone can’t get you homes: Niranjan Hiranandani

    On the sidelines of the Real Estate and Infrastructure Investors’ summit, Hiranandani spoke to us about his priorities as president, the role of private sector in affordable housing and government policies that will impact the real estate industry.

  • Title insurance in India: An opportunity awaits… Sep 21, 2017 05:25 PM IST

    Title insurance in India: An opportunity awaits…

    Under RERA, the promoter of a real estate project is obliged to obtain the requisite insurance policies required to secure the development of project and insurances as may be notified by the government.

  • Centre announces new PPP policy to promote private investments in affordable housing Sep 21, 2017 01:40 PM IST

    Centre announces new PPP policy to promote private investments in affordable housing

    Central assistance of up to Rs 2.50 lakh per house now available for building houses on private lands.

  • Thane shows maximum registrations, followed by the Western suburbs under MahaRERA Sep 19, 2017 06:16 PM IST

    Thane shows maximum registrations, followed by the Western suburbs under MahaRERA

    The total carpet area of projects registered under MahaRERA as per recent data available, was 84.62 mn  sq ft

  • Karnataka homebuyers file writ petition challenging state RERA's 'ongoing projects' rule Sep 19, 2017 05:59 PM IST

    Karnataka homebuyers file writ petition challenging state RERA's 'ongoing projects' rule

    Homebuyers in Karnataka have filed a writ petition in the high court challenging the “explanation” attached to 'ongoing projects' rule in the Karnataka Real Estate (Regulation and Development) Rules 2017.

  • Homebuyers beware! More builders likely to seek insolvency cover to avoid RERA Aug 17, 2017 05:19 PM IST

    Homebuyers beware! More builders likely to seek insolvency cover to avoid RERA

    With the Real Estate (Regulation and Development) Act 2016 (RERA) tightening the noose around the developer community, some of them may have found liquidation proceedings or the bankruptcy law as an avenue to escape the ambit of the state regulator

  • As states allow developers extra time to register with RERA, home buyers cry foul Aug 08, 2017 11:55 AM IST

    As states allow developers extra time to register with RERA, home buyers cry foul

    While there is no specific provision under RERA that allows states to extend the time period for registration for three months, most of them are doing so by interpreting the penalty clause

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