Regulation Archives - Page 8 of 15

Advocacy

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October 28, 2013

REITs have the potential to revive the sector, say industry experts

Track2Realty: The announcement by the markets regulator Securities Exchange Board of India (SEBI) to introduce a separate regulatory framework under the proposed draft SEBI (Real Estate Investment Trusts) Regulations, 2013 has brought cheers to the real estate sector. And if implemented, REITs can bring back the growth to the sector, said industry experts, who gathered at the RICS Real Estate Conference 2013 – Regaining Business Confidence. The conference was organized on 25thOctober 2013 in Mumbai.

Policy

October 24, 2013

Centre to appoint realty experts in 15 states to boost housing

Track2Realty-Agencies: The Centre will soon appoint real estate experts and consultants in 15 major states for helping them to prepare affordable housing policy and streamline the rules for approving realty projects, a top government official said on Wednesday, Oct 23.

Advocacy

September 26, 2013

Dubai becomes first country to get government support to International Property Measurement Standard

Track2Realty: Dubai becomes the first country to formally get the government support to The International Property Measurement Standard (IPMS). The IPMS, which is being developed by a coalition of 22 professional and not-for-profit organisations from around the world, including the IMF, RICS and BOMA will address global inconsistencies in the way property is measured, leading to greater transparency and increased investor confidence.

Finance

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.

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