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Will Govt’s Home Loan Subsidy Scheme Benefit You?

Will govt's home loan subsidy scheme benefit you? The government this week announced guidelines for the implementation of credit linked subsidy scheme (CLSS) for home buyers in the middle income group (MIG) segment under Pradhan Mantri Awas Yojna (Urban). Here are the...

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IIFL Asset Mgmt To Raise $500 Million For Realty Play

IIFL Asset Management, part of the India Infoline group, plans to raise $500 million under its India Housing Fund to make debt investments in real estate including stressed projects. The company is looking at both domestic as well as international investors through a...

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Jaypee Infratech CFO Ram Bahadur Singh Resigns

Debt-ridden Jaypee Infratech on Tuesday said its chief financial officer (CFO) Ram Bahadur Singh has resigned from the company on health grounds. In a filing to the BSE, Jaypee Infratech informed that Singh "who was director and chief financial officer of the company...

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All You Need To Know About The RERA Act

All You Need To Know About The RERA Act The real estate sector is set to finally get its own regulator from May 1, 2017. The Real Estate (Regulation and Development) Act, 2016 (RERA) becomes effective in the entire country from May 1, 2017. Each state and UT will have...

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HC Directs MahaRERA Relook At Order Denying Compensation

Observing that the Rera authority did not seem to have followed principles of natural justice while passing the order last year, the HC sent it back to them for re-consideration The Bombay high court on Tuesday set aside an order passed by the Maharashtra Real Estate...

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Builders will have to obey NGT order on dust pollution

Bengaluru: Taking a decisive step towards combating the problem of dust from construction activities polluting the air in major cities, the Karnataka government has issued a slew of directives to builders and road/rail developers to ensure that the 2016 National Green...

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As RERA registration deadline nears, industry cries foul

The delay in the notification of the Real Estate (Regulation and Development) Act (RERA) rules in the State has resulted in a registration frenzy among builders. The real estate industry is in a rush to register projects under RERA as the deadline is just four days...

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All in a Real State of Confusion

BENGALURU: AMID confusion over the Goods and Services Tax (GST)and the Real Estate (Regulation and Development) Act(RERA), which are to be implemented soon, both real estate developers and prospective home buyers have their fingers crossed. The buyers expect GST to...

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E-sanctions, licensed realtors, and more

Techno-legal changes are bringing more professionalism to yhr realty sector, and the outlook is Bright The world of realty is in transition. Technology has come into the profession in a big way. Regulatory legislation is just about to kick in. Major players are busy...

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Sanctions take 2 years, hold up projects: Land developers

BENGALURU: The state government's assurance to the real estate sector that it would introduce online services and fast track building plans and other sanctions, has fallen through. The government promised this after it got low ranking in the ease of doing business,due...

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Hotel Owners Opt for Mixed use Projects

Developers are increasingly combining hotels with projects such as malls and office complexes to extract the most out of their properties, given the high capital costs and the glut in the real estate sector Integrated development may become the trend for the...

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Noida Home Buyers Protest, Say no Faith in Yogi’s Promise

The buyers raised slogans and displayed placards near Sector 18 Metro station, Botanical Garden Metro station and near Amity University, Sector 125. Hundreds of homebuyers, whose apartments were delayed by builders like Jaypee, Amrapali and Unitech, held a ‘silent...

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