Latest Realty News

Jul 02, 2016
NEW DELHI: A group of home buyers has claimed that the draft rules for the Real Estate (Regulation and Development) Act circulated by the government recently ignores the interest of buyers in ongoing housing projects and should be reconsidered.
Dec 10, 2015
New Delhi: The government on Wednesday reached out to the Opposition including the Congress by agreeing to incorporate in the Real Estate (Regulation and Development) Bill 2015, a provision requiring real estate developers to deposit 70 per cent of the project cost in a separate escrow account.
Dec 10, 2015
New Delhi: The Union Cabinet on Wednesday approved the Real Estate (Regulation and Development) Bill, 2015 which will now be taken up for consideration by the Parliament. Chaired by Prime Minister Narendra Modi, the Cabinet gave the nod to the Real Estate (Regulation and Development) Bill, an initiative to protect the interest of consumers, promote fair play in real estate transactions and to ensure timely execution of projects.
Aug 11, 2015
Panaji: The Real Estate (Regulation and Development) Bill, 2013, which is still pending in Parliament, has the Goan real estate industry worried. While stakeholders agree that the bill, once passed, will bring clarity and confidence into the real estate market, developers are wary about the lack of onus placed on the government, which they feel, is an important stakeholder in the real estate economy.
Apr 06, 2015
CHENNAI: Can real estate brokerage business in the metro, worth around `500 to `600 crore a month, be regulated to bring in transparency in the sector
Real Estate Bill Won't 'Strangulate Pvt Investment': Venkaiah Naidu
Nov 24, 2014
NEW DELHI: Union Minister Venkaiah Naidu assured that the proposed Real Estate Bill will not "strangulate private investment"
Real estate market abuzz with activity
Oct 22, 2014
LUCKNOW: After a dull period of more than two years, activity is back in the real estate market this festive season
Govt to revise real estate Bill: Naidu
Sep 20, 2014
Housing and Urban Development Minister Venkaiah Naidu said the revised Real Estate (Regulation and Development) Bill, due soon, was not aimed at over-regulation of the sector
Real Estate law should apply on small projects: Committee
Feb 19, 2014
DELHI: A parliamentary panel has favoured bringing small projects within the purview of the Real Estate (Regulation and Development) Bill, 2013. The panel has said the law should be made applicable on constructions that are built on 100 square meters of area or more.
‘Real Estate Regulation and Development Bill 2013 a positive step’
Aug 30, 2013
MUMBAI: The National Real Estate Developers’ Council (NAREDCO) wants rules and regulations governing real estate sector to be rationalised. It said large portion of the inconsistencies emerge from archaic laws, guidelines that conflict with the development agenda of the economy, disparity in incentives given to larger projects as against the same given to smaller projects. Also, the current FDI norms also make it difficult for smaller developers to access capital easily.
Real Estate (Regulation and Development) Bill, 2013 introduced in Rajya Sabha
Aug 20, 2013
DELHI: The Real Estate (Regulation and Development) Bill, 2013, as approved by the Union Cabinet in its meeting on 4th June 2013, was introduced in the Rajya Sabha today . The Bill has been piloted by Dr. (Ms) Girija Vyas, Minister of Housing and Urban Poverty Alleviation .Soon after its introduction, the Bill was referred to the Parliamentary Standing Committee on Urban Development for review and making suggestions.
CII’s REALTY 2013: 9th International Conference on Real Estate
Aug 06, 2013
DELHI: “Real Estate has emerged as an increasingly strategic domain that influences various strata of society” said Dr Girija Vyas, Hon’ble Minister of Housing and Urban Poverty Alleviation, Govt of India at CII’s REALTY 2013 – 9th edition of Real Estate Conference today in New Delhi.
Real Estate Bill consumer-friendly but not anti-industry
Aug 05, 2013
DELHI: Expressing hope that Parliament will pass the Real Estate (Regulation and Development) Bill in its Monsoon Session, the Housing and Urban Poverty alleviation (HUPA) minister said that the legislation aims to protect consumer interest but was not against the industry.
Housing Regulator Bill ignores ground realities: Jone Lang LaSalle
Jun 26, 2013
MUMBAI: Even though the Real Estate (Regulation and Development) Bill is expected to bring in transparency, it also brings with it challenges like timely project clearance which need to be addressed first, consultancy firm Jone Land LaSalle has said.

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