The Union cabinet on Wednesday cleared 20 key amendments to the Real Estate (Regulation and Development) Bill with a view to safeguarding property buyers’ interests from unscrupulous realtors by regu-lating the sector while provid-ing for penal measures against defaulting customers, too. In a slew of “pro-consumer” measures, the cabinet chaired by Prime Minister Narendra Modi […]
A brand new office district with over 20 million sq ft of IT SEZ space is in the works in Gurgaon that could extend the axis of development in the city. Gurgaon-based builder IREO and a joint venture of Singaporean IT park specialist Ascendas and sovereign fund GIC are separately planning to build IT SEZ […]
Home sales in Indian cities jumped up to 15% during the Dussehra and Diwali festive season as direct discounts offered by developers on affordable homes found a lot of buyers. According to industry insiders, housing sales increased 10%-15% year on year this festive season although the resale market is still waiting for any signal of […]
RBI’s decision to keep the repo rates unchanged has attracted varied reactions from the real estate industry. While some seem disappointed by the move, some had anticipated this balanced judgement. After declaring a Repo rate cut of 125 basis points until September 2015, the Reserve Bank of India (RBI) decided to keep it stagnant in […]
It is quite common to take life insurance policies to protect the future of your loved ones. However, have you insured your home against any unseen calamities? If not, it is time you understood home insurance policies. For most of us, owning a home is the biggest dream of our lives. For those who are […]
Senior officials of the Haryana government and Delhi Development Authority held a meeting in the national capital last week to expedite the land acquisition process for the remaining portion of the Northern Peripheral Road, commonly known as Dwarka expressway. According to officials, a 1.8km stretch of unacquired land near Dwarka is causing a roadblock for […]
Notwithstanding the 125 bps rate cut by RBI this year and offers made by developers, investment in the real estatemarket has remained lukewarm in and around Delhi-NCR primarily due to the lack of confidence in the economy and project delays, a survey has found. The industry chamber had conducted a random survey of nearly 125 […]
The new policy for foreign direct investment in the construction sector could help revive several hundred midsize housing projects that have been stuck for want of capital, fund managers and builders said. Earlier this week, the government said it has done away with conditions such as a minimum investment of $5 million within six months […]
Some of the member developers of Confederation of Real Estate Developers’ Associations of India (CREDAI) have formed a consortium to push infrastructure development in sectors earmarked for Sohna urban development plan. Terming this upcoming township along Sohna Road as ‘South of Gurgaon’, the CREDAI, which has 11,500 members, has claimed that Sohna is going to […]
Eleven builders on Monday announced they would jointly develop and promote Sohna as an upcoming destination, called ‘South of Gurgaon’. They have taken a cue from the success story of Indirapuram, Crossing Republik, and Raj Nagar Extension, where developers jointly lobbied local authorities to develop infrastructure. Delay in the development of infrastructure in areas like […]