User: IIHSDELHI Topic: iihs_land_newsletter_v2
Category: All-Channels :: RERA
1 new since Jul 23 2019 16:31 IST RSS 2.0
 
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Supreme Court cancels Amrapali group's registration, leases 23.7.2019 The Asian Age | Home
The court also appointed the state-run National Buildings Construction Corporation (NBCC) to complete all its pending projects
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Union Budget 2019: Real estate developers call for tax sops for homebuyers 3.7.2019 DNA
Real estate developers have urged Union Finance Minister Nirmala Sitharaman to announce extra tax benefits for homebuyers, with a focus on the affordable housing segment. The wish list presented by several real estate developers comes as Nirmala prepares to deliver her first Union Budget in the Lok Sabha on July 5.
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Address key issues confronting real estate sector to attain goals 2.7.2019 DNA
India's real estate sector needs about $330 billion (Rs 24.75 lakh crore) of construction funding to deal with the acute housing shortage that the country faces
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Hyderabad old & new: Symbol of changing India 2.7.2019
A nocturnal drive through Hyderabad"s flattened roads past endless parades of glittering shops was a reminder that my old friend Ghafoor Noorani was more accurate than even he may have thought when he gave his book on the collapse of the Nizam"s regime the apocalyptic title, The Destruction of Hyderabad. Leave alone the Nizam, little remains of the languid and leisurely city of rocky starkness I first savoured in the 1960s. This obliteration of distinction for the global symbols of anonymous affluence is an all-India phenomenon. India"s only exception to the rule arises from its growing commitment to the culture and religion of the majority. The new elite may be socially secular but didn"t even notice when small Hindu shrines crept up against the Char Minar"s pillars. As Noorani wrote of Gen. J.N. Chaudhuri"s Operation Polo in 1948: "The deceptively titled "Police Action" was much more than conquest of a rebel state governed by a megalomaniac under ...
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Mumbai: Unskilled labour at construction sites to be a thing of the past 1.7.2019 DNA
The housing authority has spent crores to create 500 expert trainers who in turn will train these construction workers in the state over the next five years
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Realty firms outperform other listed real estate companies in revenue, market share, says report 1.7.2019 B & C – The Navhind Times
Realty firms included in the Nifty Realty Index are performing better than other listed real estate companies and have posted combined revenue of nearly Rs 33,800 crore in 2018-19, clocking 10 per cent average annual growth since 2013-14, according to property consultant JLL. The aggregate revenues of other listed real estate firms have declined, despite …
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Allow developers to invest in stressed assets: Sangeeta Prasad 27.6.2019 DNA
Interview with MD & CEO, Mahindra Lifespace Developers Ltd
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Integrated RERA platform soon as single-window solution for homebuyers 25.6.2019 DNA
The information is now spread out across individual state RERA websites. This project aims to bring it all under one roof.
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Shaky foundations of building advertisements 25.6.2019
Just 5 minutes from the metro station, schools, hospitals and malls."For the prospective investors, there's a different carrot. "Assured rental income of thirty to forty thousand rupees a month for a 3BHK flat."This is usually an oral assurance to expedite those stagewise payments by gullible buyers. Splash a few pictures of furnished and swanky model apartments on billboards and newspaper jacket advertisements and the lure of new residential projects at far flung areas is complete. What these advertisements conveniently don't clarify is whether the 5 minute distance is under normal traffic conditions or a helicopter or VVIP convoy! Or whether there are water and sewerage connections. There is invariably no squeak on the steep maintenance costs in such areas. Neither is there any clarity on whether the fat rental income is the prevailing rate in that area or a fancy expected figure churned out by a glib talking salesman. For a reality check, you just need to visit certain gated ...
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Home buyers body want Rs 10,000 cr 'stress fund' to complete stalled projects 24.6.2019
New Delhi: The government in the upcoming budget should create a Rs 10,000-crore fund to complete stalled real estate projects across the country and provide relief to over five lakh people who have booked properties, according to home buyers' body FPCE. In its budget recommendation to the finance minister, Forum For People's Collective Efforts (FPCE), earlier knows as Fight for RERA, also demanded that home buyers should be categorised as primary secured creditors. "You are aware there are over five lakh home buyers whose hard earned life savings are stuck in different real estate projects across the country due to indefinite delay and fund diversion by builders," FPCE President Abhay Upadhyay said and pitched for the creation of a stress fund to end the mental and financial stress of these home buyers. The memorandum further noted that "despite RERA (realty law), most of the ongoing projects have not been completed. It is time now to end this problem by creating a "stress ...
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Real estate sector displays signs of revival: Survey 24.6.2019 B & C – The Navhind Times
The Indian real estate sector is showing signs of optimism in the first quarter of 2019 as per Knight Frank’s Sentiment Index Survey for the first quarter of 2019. The survey attributes Real Estate (Regulation and Development) Act, 2016 (RERA), exemption of inventory tax from one to two years, and rationlisation of Good and Services Tax (GST) rates as reasons …
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Banks’ home loanbusiness falls drastically 24.6.2019 B & C – The Navhind Times
Banks exposure to housing sector in Goa fell drastically in 2018-19, as advances to home buyers shrunk due to poor demand, reports Shoma Patnaik Reflecting the slowdown in demand for real estate in the state, home loan portfolio of banks is fallen badly. This is revealed in the latest data on bank lending during the …
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DMA Money Edit: Oligopoly in the making in realty sector 18.6.2019 DNA
In fact, in the last couple of years, it is affordable housing that has witnessed healthy sales numbers unlike the other segments at the top of the pyramid
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Want to know about the saviour of drought-stricken Indian villages? 12.6.2019
New Delhi: As Gajanand Dukre parks the water tanker in a drought-stricken Indian village, dozens of locals mostly women in saris, come running with jerry cans, buckets and stainless steel pots. Over the next two hours, Dukre helps them empty the 12,000-litre (3,170-gallon) tank, providing a lifeline to this small community as India reels from one of its worst droughts in years. "We are working overtime," says 41-year-old Dukre, who conducts four rounds of deliveries a day to hamlets around Shahapur in the parched western state of Maharashtra. Dukre is one of 37 drivers operating government-run water tankers in the area, which is situated around 100 kilometres (60 miles) from India's financial capital Mumbai. The tankers run seven days a week between March and June when water is at its scarcest in India. The Asian giant's hot season has been particularly harsh this year, with temperatures rising above 50 degrees Celsius (122 Fahrenheit) in Rajasthan state. Almost half of India, an area ...
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RERA brings in new era of transparency and keeps speculative buying on check: Survey 29.5.2019 BusinessLine - Real Estate
With the Real Estate Regulatory Authority (RERA) firmly reigning in and prices stabilising, it is the best time to buy property. The new era of transp
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Builders opting for old GST rate face problems 23.5.2019 Business – The Navhind Times
New Delhi: Builders are facing a piquant situation with homebuyers insisting that they will pay only the new rate of 5 per cent GST on flats even though the developer has opted for the old rate of 12 per cent to take advantage of credit on inputs like paints, cement and steel. As part of ...
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RERA National Forum to be constituted 15.5.2019 Central Chronicle
Chronicle Reporter, Bhopal, An important meeting was held in New Delhi today (by Government of India) to achieve the RERA Act objectives in a better a way. It was decided that a National Forum of RERA should be constituted. In order to fixed the objectives, rules and structure of the National Forum, an Experts Committee of […]
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RERA Act has brought new change in real estate sector: de Sa 4.5.2019 Central Chronicle
Chronicle Reporter, Bhopal, The MP Real Estate (Regulatory and Development) Rules 2016 (RERA Act) completed two years of its existence on May 1.In these two years, the RERA has achieved stability and continuity in Madhya Pradesh. MP RERA has made a distinct identity with its work style and achievements in the country. This involves the relentless […]
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High growth achieved by India not possible without job creation: Kant 18.4.2019
New Delhi: Niti Aayog CEO Amitabh Kant on Wednesday said India has been growing at more than 7 per cent rate and this could not have been achieved without adequate job creation. Speaking on the sidelines of a PHD Chambers of Commerce event, Kant said that when non-NDA ruled states like Karnataka and West Bengal are claiming that jobs are being created, then it was not possible that at all India level, employment is not being generated. "How is it possible that we are having 7.5 per cent growth and jobs are not being created? It is not possible. "... If West Bengal and Karnataka are saying that jobs have been created in their respective states, then how it is possible that at the national level there is no employment generation," he pointed out. Recently, Finance Minister Arun Jaitley had also stoutly defended the growth data saying an economy cannot be growing at 7-8 per cent without creating jobs. He had also stated that no major social agitation indicates it hasn't been jobless ...
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Home inspection services for Goan real estate buyers 15.4.2019 B & C – The Navhind Times
Buying a new house or investing in new property is a major investment that consumes most of the savings. But what happens when the home buyer is the victim of poor construction by an unscrupulous builder? Home inspection services are a new concept in the Indian real estate industry but they are slowly finding takers. ...
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