With the implementation of the Real Estate (Regulation and Development) Act (RERA), the residential real estate industry is witnessing significant changes. The Act strictly prohibits builders from advertising their under-construction projects, while allowing the … READ FULL STORY
Real estate investments today, are not restricted by national boundaries. Taking note of the opportunities in the Indian real estate market, many foreign investors and developers have shown interest in investing here. At the … READ FULL STORY
Shapoorji Pallonji Group, on October 12, 2017, announced a USD 500 million equity joint venture (JV) with Allianz AG of Germany, which marks Allianz’s first real estate transaction in India. The JV will establish … 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
An occupancy certificate (OC), issued by the local authorities, certifies that a building is fit for occupation and has been constructed as per the approved plan and in compliance with local laws. What … READ FULL STORY
The affordable housing sector has recorded a surge of 27 per cent, in new units launched between January and September 2017, as compared to the corresponding period last year. However, overall residential unit launches … READ FULL STORY
Citing surging inflation numbers, the Reserve Bank of India (RBI) left the short-term lending rates unchanged at 6 per cent, in its monetary policy review, on October 4, 2017. “In the present macroeconomic situation, … READ FULL STORY
The new regulatory changes and the changing market dynamics, will not adversely challenge the end-user driven markets, says Ashish R Puravankara, managing director of Puravankara Limited. In an exclusive interview with Housing News, Puravankara … READ FULL STORY
This Diwali holds promise, not just for home buyers who are making a comeback to the market but also for real estate developers who are keen on showcasing their very best. Housing.com’s Home Utsav … READ FULL STORY
Various criteria, including transparency of projects and affordability, are attracting consumers looking for buying properties this festive season, rather than the traditional freebies and schemes, experts say. “Traditionally, the festive season has been considered … READ FULL STORY
In today’s technology-driven market environment, data rules. For India’s real estate market, the importance of data was underlined in bold strokes by the implementation of the Real Estate (Regulation and Development) Act (RERA). No … READ FULL STORY
A Public Interest Litigation (PIL) has been filed in the Supreme Court by lawyer Vivek Narayan Sharma, claiming that in the new Insolvency and Bankruptcy (IB) Code, 2016, the home buyers are not included … READ FULL STORY
Often, more laws lead to greater red tape and their improper implementation defeats their very purpose. In the recent past, the government has unveiled several new regulations that affect the real estate market. For … READ FULL STORY
