Track2Realty: With economy witnessing a downturn, interest rates and inflation reaching all-time highs, 2013 has been one of the most eventful years for Real Estate in India. While introduction of Real Estate Regulatory Bill and Land Acquisitions Bills in the Parliament was positive for the real estate industry, end users sitting on the fence expecting a fall in prices lead to a contraction of demand in the past few quarters.
Track2Realty Exclusive: The Union Cabinet has cleared the Land Acquisition Bill, the realty sector is debating its pros & cons but the home buyers are apprehensive whether the house prices will shoot up in proportion of the higher cost of fresh land acquisition. The Bill cleared by the Union Cabinet makes the consent of 80 per cent of owners mandatory for private projects.
Track2Realty-Agencies: The government should take steps to monetize under-utilized land resources of public sector enterprises, port trusts and railways, a panel set up to chart out the roadmap on fiscal consolidation has recommended.
The recently tabled Land Acquisition, Rehabilitation & Resettlement Bill, 2011 in Parliament is meant to replace the 117-year-old Land Acquisition Bill of 1894.
The Confederation of Real Estate Developers’ Association of India (CREDAI) has put house buyers’ grievance redressal mechanism on the fast track by introducing an e-based redressal system.
Omaxe Ltd expects net debt to fall to Rs.880-890 crore by March 31 as it plans to repay debt over the next three quarters, mainly from operations, a top official said on Tuesday, August 9.
The government plans to enact the Benami Transactions (Prohibition) Bill, 2011, to replace the existing Benami Transactions (Prohibition) Act, 1988.
Following the Apple A Day scam that left more than 800 customers cheated and homeless, Kerala (CREDAI) will pressurize the Union Government for implementing the Real Estate Regulatory Authority.
Uttar Pradesh Chief Minister Mayawati Thursday tried to placate angry farmers saying that under a new acquisition policy no land would be forcibly taken from farmers.
Seven years ago, the managing committee of the National Sports Club of India (NSCI) suddenly started breaking down the existing Vallabhbhai Patel Stadium to start building–what they led everyone to believe–would be Mumbai’s first international Olympic size indoor stadium. The project was conceived in 2003 to be worth around Rs 40 crore and scheduled to be completed in 18 months. Seven years and Rs 200 crore later, it still isn’t functional, but the superstructure is ready.