User: IIHSDELHI Topic: iihs_land_newsletter_v2
Category: All-Channels :: RERA
1 new since May 26 2018 15:24 IST RSS 2.0
 
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4 yrs of Modi govt: Real estate revived with RERA, Housing for All schemes 26.5.2018 Business Standard: News Now
The government came to the rescue of home buyers by issuing an ordinance to amend IBC, putting home buyers at par with lenders, thereby paving the way for a refund of their money.
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Chembur: RERA tells developer Veena Realcon to advance possession date by 2 years 26.5.2018 Free Press Journal: Mumbai
If the firm fails, then it would be liable to pay interest for the delay held for creating ruckus at
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Building on a challenging turf 26.5.2018 tribuneindia.com
Vinod Behl The four years of Modi government are marked by landmark reforms in the real estate and housing sector. As the real estate sector had been unregulated, unorganised and opaque (driven by black money), with unaffordable prices, the government, from the day one, set out on the task of reforming realty. The key missions like Housing for All (with focus on affordable housing), Smart Cities, Real Estate Regulation & Development Act (RERA), GST, have been the hallmark of the reform agenda. Real estate has been facing global slowdown since 2008, except for a brief breather for a year or so. The spate of reforms undertaken by the government further jolted the sector, causing disruption in the already turbulent property market, thereby precipitating the crisis. But as the initial short-term disruption caused by the reforms, particularly, demonetisation, RERA and GST, has blown over, the positive impact is trickling in. This is clearly established by the revival of the residential real estate, which had ...
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Govt. to appoint adjudicating officer to hear real estate plaints 26.5.2018 Hindu: Health
Will help to speed up settlement of disputes between home buyers, developers
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The RERA report card 26.5.2018 Hindu: Policy & Issues
A year after the real estate legislation came into effect, the follow-up in many States has been dismal 
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Tribunal verdict raises hopes for over 10,000 home buyers 25.5.2018 The Hindu - Tamil Nadu
Allows appeal seeking registration of construction project under the RERA
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Signals from a bankruptcy 25.5.2018 Opinion – The Indian Express
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Seller beware: homebuyers and Bankruptcy Code 25.5.2018 Hindu: Home
The proposed change to the Bankruptcy Code must treat homebuyers a step above lenders
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Now, wealth managers are signing up under RERA 24.5.2018 Business Standard: News Now
Many have already registered in Maharashtra, and some are also expanding to other states
Maharashtra: Recovery warrant against 6 builders for not refunding homebuyers’ money 24.5.2018 Mumbai – The Indian Express
Mira Road: RERA tells developer Neelkamal to pay interest to home-buyers 23.5.2018 Free Press Journal: Mumbai
  Mumbai: In a huge relief to two allottees from a real estate project, the Real Estate Regulation
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DLF targets Rs 25 bn sales in 2018-19, expects to be debt free by March 23.5.2018 Latest News
The KP Singh-led company is also working on a few new projects in both the commercial and residential segment.
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Senior citizens call for effective implementation of RERA 21.5.2018 Hindu: Medicine & Research
‘Some builders collected huge amounts and failed to hand over houses’
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Soon, Maharashtra builders may lose MHADA contract if project is delayed 20.5.2018 India – The Indian Express
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Slump drags down smart city 20.5.2018 tribuneindia.com
Neeraj Bagga Slow demand and a huge inventory overhang in the holy city continue to haunt the investors and dealers as the real estate business continues to remain listless. The change of government in the state more than a year ago, too, has failed to bring a turnaround in the realty fortunes.  Though traditionally, Amritsar has not been a highly happening real estate market like Ludhiana, yet the current slump has been unprecedented.  While the buyer remains elusive still, may sellers are   resorting to distress sale as hopes of a revival seem bleak now.   Narinder Pal Singh, a local resident, who had sold his 150-sq yd house for Rs 83 lakh in New Amritsar locality in March, said he barely managed to salvage his investment. He had bought  the same plot for Rs 28,000 per sq yd in 2016. “It was a Herculean task to find a buyer and ultimately I was so desperate that I took whatever was offered”. A real estate dealer on the Airport road Partap Singh added that a one-acre plot on the airport road that had ...
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Developer, shop owner booked under HRERA Act 19.5.2018 The Tribune
Tribune News Service Gurugram, May 18 The District Town and Country Planning (DTCP) has got two FIRs registered in connection with the violation of the Haryana Real Estate Regulatory Authority (HRERA) Act. One of the cases was registered on Thursday against Ansal Housing Construction Private Limited and second one was registered against shop owner Ashok Kumar Singh for allegedly constructing illegal shops in a group housing society, Heritage City. The case against Ansal Housing was registered at the Sector-10 police station after home buyers alleged it did not have a licence for a housing project that it planned to develop. As per a complaint, Ansal Housing collected money from home buyers for a project in Sector 92 here. It later came to light the project licence was in the name of JSG Builders Private Limited and NCC Urban Infrastructure Limited. The FIR was registered under Sections 3, 7 and 10 of the HRERA Act and Section 3 of the Haryana Development and Regulations of Urban Areas Act, 1975. District ...
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Rising oil prices a key threat to Indian equities, says CLSA's Chris Wood 18.5.2018 Business Standard: News Now
He expects Narendra Modi to win in 2019.
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Mumbai: Nirmal Lifestyle agrees to pay Rs 22 lakh for not hand in over flat on time 17.5.2018 Free Press Journal: Mumbai
Mumbai: In a huge relief to a home- buyer, a well-known developer has willingly filed a written undertaking
Sunteck Realty plans Rs 2,500 crore acquisitions in Mumbai 16.5.2018 DNA: Mumbai
As Real Estate (Regulation and Development) Act pushes the sector into consolidation, Sunteck Realty has earmarked Rs 2,500 crore to lap up projects across affordable, mid-range and luxury segments. The developer, which had earlier announced Rs 1,000 crore for acquisitions in affordable housing, will also be targeting projects in middle and luxury segments, with a corpus of Rs 1,000 crore and Rs 500 crore, respectively. All the projects will be within the Mumbai Metropolitan Region. "These investments would be from our own cash flows and there will not be any need to raise funds. We have a strong balance-sheet and almost negligible debt," Kamal Khetan, chairman and managing director of Sunteck Realty, told DNA Money. The company had a debt of around Rs 329 crore at the end of the third quarter of last fiscal, with a net debt-to-equity ratio of 0.13x. The Mumbai-based realtor, which has three verticals catering to various residential segments, will come out with a fourth vertical for affordable housing in ...
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Pay Rs 50 million more to refund homebuyers: SC tells Supertech 16.5.2018 Business Standard: News Now
A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud considered the submission of lawyer Gaurav Agrawal
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