Union Cabinet defers Real Estate Bill
Track2Realty-Agencies: The Union Cabinet on Thursday, Oct 25, once again deferred the Real Estate (regulation and development) Bill pending for approval since May last year.
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Haryana gives clean chit to Vadra
Track2Realty-Agencies: Robert Vadra was on Friday, Oct 26, given a clean chit by the Haryana government in the controversial land deals involving him in the state after an official probe concluded that there was no “undervaluation” or loss of revenue to the government.
Cabinet to discuss bill to regulate realty today
Track2Realty-Agencies: The Union Cabinet on today, Oct 25, is likely to discuss the bill to regulate the real estate sector and also protect the interests of home buyers.
Investors will shun ‘investor unfriendly’ Mumbai and flock to Gujarat, says CREDAI
Track2Realty: Raising alarm over Mumbai and Maharashtra becoming increasingly “investor unfriendly”, developers apex body CREDAI has said the State Government’s policies will end up being its gift to Gujarat’s upcoming Gift City.
Sharad Pawar family accused of real estate scam
Track2Realty: Former police officer turned activist Y P Singh has alleged that Union Agriculture Minister and Nationalist Congress Party Chief Sharad Pawar was centre of real estate scam. At the same time he criticised Arvind Kejriwal for concealing information about a massive scam in Maharashtra because he was selective about which politicians he targets. He also attacked Kejriwal for his expose against BJP Nitin Gadkari while sparing Pawar.
Controversial Land Acquisition Bill cleared by Group of Ministers
Track2Realty-Agencies: Overcoming sharp differences, a Group of Ministers (GoM) today cleared the long-delayed controversial Land Acquisition Bill, paving the way for its introduction in Parliament in the forthcoming Winter Session.
Real estate preferred choice for investments in India: PHDCCI Survey
Track2Realty-Agencies: The preferred asset for Indian investors is real estate sector, followed by gold and silver, a survey today said. “The investment pattern in the country suggests that investment flow have been highest in the traditional modes of investments such as in real estate market followed by gold and silver,” the survey of PHDCCI said.
Realty regulator goes NCTC way, Centre allows states to set up own regulatory body
Track2Realty: In wake of stiff resistance from the states over the proposed regulator to safeguards the consumer interest against shady realty deals & delays, the Centre has reportedly decided to allow the states to set up their own grievance redressal mechanism.
UBS maintains buy on DLF despite Kejriwal’s allegations, Goldman downgrades to neutral
Track2Realty-Agencies: Investment bank Goldman Sachs on Thursday downgraded real estate major DLF to ‘neutral’ from ‘buy’, saying slower approvals could result in fewer project launches, even as Swiss financial services company UBS said activist Arvind Kejriwal’s accusations would have limited impact on the company. It has maintained a ‘buy’ rating.
Maharashtra revises lease rentals of 1,577 lands in Mumbai
Track2Realty: The Maharashtra government has revised lease rentals of a total of 1,577 lands situated in Mumbai city and suburbs. The revised lease rentals, which are fixed on ready recknor rates, would be effective from January 1. State cabinet chaired by Prithviraj Chavan gave its approval at its meeting held on Tuesday, Oct 9.