Latest Realty News

Credai favours single-window clearance for projects, amendments realty bill
Dec 15, 2013
HYDERABAD: The Confederation of Real Estate Developers Associations of India has called for adoption of a single window and online approval system to cut short time for clearances and save on costs due to delays.
Government open to modify Real Estate Regulatory Bill if needed: Girija Vyas
Dec 14, 2013
DELHI: Speaking on the sidelines, she said: "We have said that doors are open for negotiations. At present, the Bill has been placed in front of Parliamentary standing committee."
New land act will impact growth
Dec 12, 2013
DELHI: Land reform has been a neglected social agenda in India for decades, and sidelining this very important subject has come at an economic cost, particularly in recent times.
Land losers to get more compensation
Dec 11, 2013
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) and other government agencies, which take over private properties for various purposes, will have to cough up more compensation for acquiring properties from January 1, 2014.
'Realty Sector Burdened by Too Many Laws'
Dec 10, 2013
BANGALORE: State members of the Confederation of Real Estate Developers Association of India (CREDAI) on Thursday strongly opposed the Real Estate (Regulation and Development) Bill, stating that the sector was already governed by too many laws.
BWSSB shuts valve on 90 real estate projects
Dec 09, 2013
BANGALORE:Commencement of at least 90 real estate projects in the newly added areas of the Bruhat Bangalore Mahangara Palike (BBMP) have been affected following the delay in the Bangalore Water Supply and Sewerage Board (BWSSB) issuing no objection certificate (NOC) .
Ozone building strategy around large gated communities
Dec 03, 2013
CHENNAI: Large gated communities are the future of residential real estate, says S. Vasudevan, CMD of Bangalore based-developer, Ozone Group.
Bengal passes Bill to prevent use of excess land for real estate
Dec 02, 2013
KOLKATA: The West Bengal Assembly today passed the Land Reforms (Amendment) Bill, 2013 which would prevent use of land, earmarked for township development, in excess of the prescribed ceiling for real estate purpose.
Still waiting for that big boom
Nov 28, 2013
MUMBAI: For all the changes that the sector has seen over the last two decades, buying or building a house still remains out of reach for a majority of the population. Not that renting one is any easier.
Maharashtra CM, officials discuss surplus FSI, ‘illegal’ plot
Nov 19, 2013
MUMBAI: In a high-level meeting, headed by the chief minister on November 15, senior bureaucrats discussed utilizing surplus floor space index (FSI) available under the new development control rules for rehabilitating residents of the illegal flats in Worli’s Campa Cola society and whether or not they would be able to afford a plot in the compound if it is taken back from a real estate developer who currently has third-party rights over it.
Government to issue ordinance to regularise illegal buildings
Oct 12, 2013
BANGALORE: The Karnataka government today decided to promulgate an ordinance to regularise byelaw deviations in residential and commercial buildings in urban areas of the state by collecting penalty, from the date of its assent by the Governor.
How some regulatory changes may increase cost of real estate for buyers
Sep 30, 2013
MUMBAI: In recent times, the real estate sector has seen several regulatory changes and more are in the works. While most of these changes are aimed at protecting buyers' interests, some of them carry a cost.
Land Acquisition Bill gets Presidential approval
Sep 28, 2013
DELHI: The Land Acquisition Bill, passed by Parliament during the Monsoon Session to replace a 119-year-old legislation, became a law with President Pranab Mukherjee giving assent to it today.
Real Estate Regulatory Bill – Any ‘Real’ Comfort?
Sep 23, 2013
MUMBAI: The Real Estate Regulatory Bill 2013, which the Union Cabinet approved after a long hiatus in June 2013, was touted to be a game-changer for property buyers as well as the industry as a whole. The aim of the bill clearly was to provide buyers with a level playing field in an industry that is perceived as chronically non-transparent.
A square look at the revised Land Acquisition, Rehabilitation and Resettlement Bill
Sep 20, 2013
MUMBAI: The Land Acquisition Bill, which the new Bill now supersedes, is a century-old law with many archaic elements and loopholes. The new Land Acquisition Bill essentially champions the cause of the marginalised section and puts in place many safeguards and checks. The Parliament has now passed the new Bill with amendments such as exclusion of irrigation projects from the compulsory Social Impact Assessment study within a period of six months from the date of acquisition, and tweaks in Clause
Doesn't BMC want us to pay property tax? System down as deadline nears
Sep 17, 2013
MUMBAI: The property tax payment deadline is just 15 days away, but the BMC's collection system has been on the blink since a week, hugely inconveniencing Mumbaikars. It may take afew more days to be up again.
Why India Inc is not happy with the new Land Bill
Sep 17, 2013
MUMBAI: Ajit Gulabchand, Chairman of infrastructure firm, HCC, is a worried man. After a lengthy court battle with the environment ministry which almost grounded HCC’s signature project in Lavasa city near Pune, Gulabchand says he will not start any new projects for the next two to three years.
Land bill ignores urban concerns: Activists
Sep 03, 2013
PUNE: The land acquisition bill, passed in the Lok Sabha on August 29, has civic activists and urban planners raising concerns about it being rural-centric. They say the government has completely ignored urban land acquisition and infrastructure development concerns.
New land bill may hit infra projects in Maharashtra
Sep 03, 2013
MUMBAI:Many infrastructure projects and development may come to a standstill in the state with the Lok Sabha clearing the Land Acquisition, Rehabilitation and Resettlement Bill, 2011.
Land Bill: Real estate project cost may shoot up
Sep 02, 2013
DELHI: The Land Bill, passed in the Lok Sabha on Thursday, may ensure transparency and fair compensation for farmers, but the slowdown-hit real estate sector feels it will add to project costs and lead to execution delays. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012 replaces a 120-year-old law.
Land Acquisition Bill will help economical use of land
Sep 02, 2013
DELHI: The Land Acquisition Bill will help in economical use of land which is a scarce commodity in the country, government on August 29 said.
Industry's fear on land bill exaggerated, overblown: Jairam Ramesh
Sep 01, 2013
DELHI: With the passage of the land bill, cost of acquiring land will go up, Rural Development Minister Jairam Ramesh on Friday said but dismissed as "exaggerated and overblown" the industry's fear about the measure.
Land Acquisition Bill may push up property prices by 30%
Sep 01, 2013
DELHI: Real estate developers say the passage of the Land Acquisition Bill could push up property prices by as much as 30% in projects where land is yet to be acquired.
Impact of land acquisition bill on the real estate scenario in India
Sep 01, 2013
DELHI: The LARR Bill is expected to majorly affect the development of large infrastructure development projects, industrial projects, integrated township projects and if they are brought under the ambit of this law.
Land Bill, a retrograde step: Industry
Sep 01, 2013
DELHI: India Inc today termed the Land Acquisition Bill passed in Lok Sabha as a "retrograde" step, saying it could have "adverse consequences" on the country's industrial and infrastructural development.

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