The Noida Authority, on November 1, 2018, gave its in-principle approval to the conversion of land holding rights, from ‘leasehold’ to ‘freehold’, subject to a nod from the Uttar Pradesh government, according to officials. … READ FULL STORY
Project delays are one of the most alarming issues, historically dogging the Indian real estate sector. The dearth of effective planning and execution of construction activities, escalating construction costs, approval delays, diversion of allocated … READ FULL STORY
The Maharashtra government has issued a Government Resolution (GR), streamlining the rules for the sale or transfer by other means, of flats in cooperative housing societies built on government-allotted lands. As per the GR … READ FULL STORY
The Delhi High Court, on November 1, 2017, directed the municipal corporations to give details of the number of properties in their jurisdiction, date of sanction of building plans and the date when completion … READ FULL STORY
With the Real Estate (Regulation and Development) Act (RERA) and other reforms coming into force, developers are rushing to complete partially completed projects and obtain their completion certificates, to avoid falling under the purview … READ FULL STORY
Uttar Pradesh chief minister Yogi Adityanath, at a meeting with developers and top administrators from Noida and Greater Noida Authority, has asked builders to hand over 50,000 flats in the next three months, after … READ FULL STORY
The Real Estate (Regulation and Development) Act (RERA) has had a difficult birth and seems to be having a troubled childhood. The expectations from the ‘miracle child’ seem to be mired in a ‘what’s … READ FULL STORY
The Congress, on July 26, 2017, accused the Manohar Lal Khattar-led BJP government in Haryana of betraying small and medium home buyers and playing into the hands of builders, by diluting the Real Estate … READ FULL STORY
While there is a lot of buzz over the Goods and Services Tax (GST) in the market, most people remain unsure about how it will impact various businesses. In the real estate sector, people … READ FULL STORY
Real estate major DLF Universal, on June 9, 2017, moved the Delhi High Court against its single judge’s order, appointing a local commissioner to inspect one of its residential projects in the national capital. … READ FULL STORY
The Indian real estate fraternity, has often been blamed for its inability to connect with the consumers. The lack of trust in the minds of home buyers, begins right at the time of booking, … READ FULL STORY
The Indian real estate sector has been largely unregulated except for a few states like Maharashtra, Uttar Pradesh, Andhra Pradesh, Delhi and Karnataka. Any pro-consumer development was solely a result of judicial activism. This … READ FULL STORY
The Real Estate (Regulation and Development) Act, 2016, popularly known as RERA, came into effect from May 1, 2017, as was originally stipulated a year ago. It is not as if the states have … READ FULL STORY
