Latest Realty News

Denied compensation, Hennur property owners to move court
Feb 05, 2014
BANGALORE: Property owners, whose buildings will be acquired for the construction of Hennur flyover, are up in arms against the Bangalore Development Authority (BDA) for the inordinate delay in paying them compensation. They are planning to move the court if the BDA continues with the flyover work without compensating them.
Realty firms find fertile ground in education
Feb 05, 2014
DELHI: Real estate may be on a slow lane but education is booming, thanks to India’s huge demographic advantage.
Land acquisition: BDA directed to submit details
Jan 31, 2014
BANGALORE: The High Court on Wednesday directed the Bangalore Development Authority (BDA) to submit details of the list of recommendations, along with the survey numbers, and related petitions for final hearing, in regard to acquisition of land for the development of Nadaprabhu Kempegowda Layout.
Land compensation under new law: HUDA
Jan 17, 2014
DELHI: Villagers objecting to the acquisition of 700 acres of land in Gurgaon by the state government last December were on 16 January assured that they would be compensated according to provisions of the new Land Acquisition, Rehabilitation and Resettlement Act 2013. The new law came into force on January 1, 2014.
No bar on purchase of private land: Ramesh to industry
Jan 07, 2014
DELHI: With the new Land Acquisition Act coming into force, government today sought to allay apprehension of the industry, saying there is no bar whatsoever on purchase of private land.
Recap on the Land Acquisition Bill
Jan 03, 2014
MUMBAI: The much awaited and discussed among stakeholders of the Indian real estate industry, the Land Acquisition Bill, is going to be effective from the very first day of the year 2014. This bill will replace the old Land Acquisition Act, 1894 and is expected to remove hurdles that the industry has been confronted for a long time. Let us have a quick recap of the Bill before discussions, execution and affects start:
Land Bill may push up prices 15-45%, say realty players
Jan 03, 2014
DELHI: Amid concerns over cost escalation and execution delays, the Land Acquisition Act has come into force from January 1, 2014. Real estate players say that for large infrastructure and residential projects, cost escalation due to the Act may range between 15 per cent and 45 per cent.
Looking Ahead: Execution will be the realty check
Jan 03, 2014
MUMBAI: With the economy witnessing a downturn and interest rates and inflation reaching all-time highs, 2013 has been one of the most eventful years for real estate in India. While the introduction of the Real Estate Regulatory Bill and Land Acquisitions Bill in the Parliament was a positive for the realty industry, end-users sitting on the fence expecting a fall in prices led to a contraction of demand in the last few quarters. The market turned from sellers to buyers, with attractive offers f
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.
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.
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.
Govt lists draft rules to implement Land Acquisition Act
Oct 15, 2013
DELHI: Government today came up with draft rules to implement the Land Acquisition Act with a focus on consent and social impact assessment to ensure that the rights of the farmers are protected when the land is acquired.
New land acquisition act is pro people, but not anti-industry
Oct 01, 2013
MUMBAI: Union Minister for Rural Development Shri Jairam Ramesh today allayed the fears expressed by the Indian industry that the new Land Acquisition Act would make projects economically unviable. Addressing a Press Conference in Mumbai on Sunday, Shri Ramesh said the new act applies only to the land acquired by Central and State authorities for any public purpose, while there is no bar whatsoever, on purchase of private land. He said “industry must look beyond land acquisition by Government an
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.
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
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.
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.
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 Bill to hit project timelines, hike cost estimates: Crisil
Aug 31, 2013
DELHI: Rating agency CrisilBSE -0.60 % on Friday said Land Acquisition Bill, which was passed by Lok Sabha yesterday, will lead to an increase in the gestation time of projects and overall costs.
Land Acquisition Bill will help economical use of land: PC
Aug 30, 2013
DELHI: The Land Acquisition Bill will help in economical use of land which is a scarce commodity in the country, government today said.

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