Amid reports of dilution of key provisions of new realty law by some states, Union Minister M Venkaiah Naidu today said it should be implemented in true spirit and nobody has the right to dilute the law passed by Parliament. The union housing and urban poverty alleviation minister also asked ... Read More »
Union Housing and Urban Poverty Alleviation Minister Venkaiah Naidu on Tuesday urged the states and union territories to and implement the Real Estate (Regulation & Development) Act from May this year, as proposed in the legislation, an official statement said. He made the request at a meeting of Chief Secretaries ... Read More »
NEW DELHI: Coming down heavily on the states that have diluted the real estate regulatory Act, Union minister M Venkaiah Naidu on Tuesday said states have no power to dilute the provisions and this will have serious implications including public outcry. The minister of Housing and Urban Poverty Alleviation (HUPA) ... Read More »
Federal Reserve Governor Jerome Powell said the U.S. central bank needs to step up monitoring of financial excesses following an extended period of record-low interest rates, citing commercial real estate as one area of concern. “With inflation under control, overheating has shown up in the form of financial excess,” Powell ... Read More »
Prince didn’t just leave a great musical legacy behind. It turns out, the singer also had an eye for real estate. The singer had acquired $25.4 million worth of real estate and other personal property before his death, ET confirms, in addition to a horde of cash and 67 gold ... Read More »
It turns out that Prince wasn’t just an incredible musician, but also a prolific real estate investor—and maybe a closet gold bug. The enigmatic singer had acquired $25.4 million worth of real estate and other personal property at the time of his death last year, according to a file released ... Read More »
Mumbai Grahak Panchyat (MGP), the consumer rights group, has raised 52 objections to draft rules framed by Maharashtra government under central government’s Real Estate (Regulation and Development) Act and criticised them as anti-consumers and builder friendly. Though the Act is passed by the Parliament, the Act allows states to frame ... Read More »
All one needed to be in the real estate sector was political connect and muscle power. Money and skill sets were least of the concerns for an entrepreneur. Skill sets were available off the shelf or as in most cases outsourced to a developer who would design and erect the ... Read More »
Year 2016 was a mixed year for developers and discerning buyers, though the announcement of the Real Estate Regulation Act (RERA) brought a huge cheer to the industry in 2017. It has been a year for the end-users, while investors have largely kept away from the market. A lot of ... Read More »
The government’s decision to withdraw notes of Rs 500 and Rs 1,000 was intended to attack the black economy. A natural corollary to this was a likely hit to the real sector, which, for long, has been considered a refuge for unaccounted money. The trends so far suggest some immediate ... Read More »
If the U.S. economy is to hit escape velocity in 2017, you can expect the real estate sector to serve as its rocket fuel. At its most broadly defined, housing can be counted on to compose 15% of GDP. It hasn’t done that much heavy lifting lately, however. That’s because ... Read More »
The year 2016 began with mixed reactions from the realty sector towards the Real Estate Regulation and Development Act (RERA) followed by the Goods and Service Tax (GST) Bill seeing light of the day. GST aims at elimination of dual taxations and at creating a hassle-free home buying experience. The ... Read More »
