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Real Estate Regulatory Bill likely in next Parliament session

Within hours of Track2Realty reporting that the much awaited Real Estate Regulatory Bill will not be tabled in the current session of parliament, the government has confirmed it by announcing that the Bill is likely to be presented in the next session of Parliament. The Bill is expected to be tabled before the Union Cabinet shortly, said Aruna Sundararajan, Joint Secretary, Union Ministry of Housing and Urban Poverty Alleviation.

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Real Estate Bill not to be tabled in the current session of Parliament

The much-awaited regulatory Bill for the real estate sector will not be tabled during the current session of Parliament, a senior official in the Ministry of Housing and Urban Poverty Alleviation has confirmed to Track2Realty. The draft Real Estate Regulation Bill is still in the consultative process and the government is apprehensive that the states may block it the NCTC way.

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Government a perpetuator of real estate price escalation

Sachin Sandhir: When the Government talks about affordable housing and expects the developers to do affordable housing, it is a misnomer because the Government is the first perpetuator of price escalation by auctioning the land to the highest bidder. Then to expect the developer to not make a profit of 50-60 per cent or whatever his expectation, is unrealistic.

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DLF gains after Goldman Sachs upgrade

India’s largest real estate developer DLF Ltd rose 3.2 percent to 188.10 rupees after Goldman Sachs upgraded its rating on the stock to “buy” from “neutral” and raised its 12-month target price to 264 rupees from 252 rupees.

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