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September 26, 2013

Dubai to raise real estate fee to fight speculation

Track2Realty-Agencies: The emirate of Dubai will raise the registration fee charged for real estate transactions to 4 per cent from 2 per cent on October 6, in order to prevent excessive speculation in the property market, a top official said on Thursday, September 26.

Policy

September 20, 2013

Realty cribs rate hike by RBI

Track2Realty: Real estate has expressed disappointment over the decision to hike key policy rate by the Reserve Bank of India (RBI). The developers and analysts say this would lead to increase in finance cost and also affect housing demand during the festive season.

Policy

August 30, 2013

Land Acquisition Bill cleared by Lok Sabha

Track2Realty: The Lok Sabha on Thursday night, Aug 29, okayed a new farmer-friendly land acquisition Bill that promises to address landowners’ concerns as regards relief and rehabilitation. A last-minute division of votes forced by the Trinamool Congress saw 216 members voting in its favour and 19 against it.

Policy

August 14, 2013

Real estate Bill introduced in Rajya Sabha on Wednesday

Track2Realty: The Real Estate (Regulation and Development) Bill was finally tabled in the Rajya Sabha on Wednesday, Aug 14, by Minister of Housing and Urban Poverty Alleviation Girija Vyas.

Policy

August 4, 2013

Real Estate Bill consumer-friendly but not anti-industry: Girija Vyas

Track2Realty Agencies: Expressing hope that Parliament will pass the Real Estate (Regulation and Development) Bill in its Monsoon Session, Housing and Urban Poverty Alleviation (HUPA) Minister Girija Vyas said that the legislation aims to protect consumer interest but was not against the industry.

Policy

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July 18, 2013

Consumer-friendly real estate bill to come up in Parliament

Track2Realty: The government is all set to introduce a buyer-friendly real estate legislation which aims to protect consumers and bring transparency in the sector in the monsoon session of Parliament.

Policy

July 7, 2013

Realty regulatory bill to be introduced in Monsoon session: HUPA Secretary

Track2Realty-Agencies: The real estate regulatory bill that seeks to bring transparency and accountability in the realty sector will be introduced in the monsoon session of Parliament, a top government official said on Saturday, July 6.

Advocacy

June 28, 2013

Realtors unite against LBT

Track2Realty: With the dark cloud of LBT (Local Body Tax) hanging ominously over their heads, developers in Navi Mumbai joined forces to form a new body called Federation of Housing Industry Associations (FOHIA) and fight against the imposition of the new tax.

Policy

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June 9, 2013

Conditions for FDI in multi-brand retail create hurdles

Track2Realty-Agencies: Indian retailers feel that the clarification by DIPP on FDI in multi-brand segment, which among others require mandatory fresh investment in back-end infrastructure, will create hurdles and neither encourage foreign players nor domestic firms.

Advocacy

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June 5, 2013

CREDAI recommendation for reforms

Track2Realty Exclusive: Administrative Reforms

A. Single window clearance for building approval.

B. Uniform and simplified building permissible rules.

C. No discretionary stoppage of work after granting approval for commencement without hearing by regulator/civil court.

D. Mindset reform; special campaign for political leaders and bureaucrats to support/accelerate growth, remove impediments.

E. To put mandatory block mentioning following in every order/permission, Date of application, Potential investment, Potential contribution to GDP in rupees, Potential new employment generation, Date of sanction, Number of days delay beyond permissible limit, reasons.

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