The central government, on June 22, 2017, approved the construction of 1.27 lakh more houses under the Pradhan Mantri Awas Yojana (Urban), taking the total number of houses sanctioned under the scheme to 20.95 … READ FULL STORY
The first phase of the Bengaluru metro marked its completion, on June 17, 2017, with President Pranab Mukherjee inaugurating the 11.3 km stretch of the ‘Metro Green Line’. The Green Line, from Mantri Square … READ FULL STORY
Now, that the GST rates for real estate have been declared, the question on everybody’s mind is how will this impact the sector. While the real impact of the GST, will only be seen … 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
Maharashtra accounts for nearly 25 per cent of the total investments attracted by the real estate and construction industry in India, showed a recent study by industry body ASSOCHAM (The Associated Chambers of Commerce … READ FULL STORY
The initial euphoria generated after the notification of the Real Estate (Regulation & Development) Act (RERA), on May 1, 2016, is now waning, with increasing doubts over its effectiveness in protecting the consumers’ interests. … READ FULL STORY
The centre, on March 21, 2017, approved the construction of over 1.10 lakh houses for the urban poor, in six states at a cost of Rs 5,773 crores under the Pradhan Mantri Awas Yojana … READ FULL STORY
The honorable chief minister of Karnataka, tabled the State Budget 2017-18 in the assembly on March 15, 2017. Below are the key provisions that may have a direct or indirect impact on Bengaluru’s real … READ FULL STORY
Union Housing and Urban Poverty Alleviation Minister, M Venkaiah Naidu, on January 17, 2017, asked all states to implement the Real Estate (Regulation and Development) Act, at the earliest. Describing it as one of … READ FULL STORY
India’s registered green building footprint, has risen to 3.86 billion sq ft, the second best globally after the United States, according to a statement by the Indian Green Building Council (IGBC). Data on state-wise … READ FULL STORY
