The Maharashtra Chamber of Housing Industry (MCHI) has claimed that the three-day India Realty Show 2012 organised at Dubai over the last week-end has evoked an enthusiastic response from among serious property buyers.
Rising cost and falling transactions are taking their toll on the property market in both the Delhi-NCR and Mumbai.
With the market set to bottom by out by the second quarter of 2012, we will see the beginning of a recovery in the city’s residential real estate fortunes by the second half of the year.
In all markets around the globe, challenging market conditions – whilst painful at the time – do have a beneficial long-term impact on the market in that they sort out the ‘wheat from the chaff’.
A real estate regulator will enforce public disclosure and bring in much needed transparency and accountability in the sector and there is overwhelming support for setting up such an entity.
Real estate developers have sought inclusion of “force majeure” provisions in the proposed real estate bill drafted by the Central Government.
Issues concerning the regulation and development of real estate were discussed on Wednesday, Jan 11, by the government with various stakeholders.
Regulation is required for any industry to function properly and the real estate industry is no exception. The market is being manipulated by the big and influential real estate lobby causing large inequities in resource and product allocation.
The Enforcement Directorate in India will attach immovable property worth Rs.223 crore of five companies involved in the 2G scam case, after an anti-money laundering court gave its nod on Tuesday, Jan 10.
Sunteck Realty has reportedly entered into an agreement to acquire over 10 acres land parcel in Goregaon suburb of Mumbai for nearly Rs.350 crore.