Bhasin Group has tied up with Singapore-based Andover Leisure Pte to build a 100,000 sq ft aquarium – which would be bigger than Singapore’s Sentosa and Atlanta’s Georgia Aquariums. It will come up in a mall run by the company in Greater Noida. The aquarium, to be titled Blue Planet, is expected to cost $9 million (Rs 45 crore).
Within hours of Track2Realty reporting that the much awaited Real Estate Regulatory Bill will not be tabled in the current session of parliament, the government has confirmed it by announcing that the Bill is likely to be presented in the next session of Parliament. The Bill is expected to be tabled before the Union Cabinet shortly, said Aruna Sundararajan, Joint Secretary, Union Ministry of Housing and Urban Poverty Alleviation.
The much-awaited regulatory Bill for the real estate sector will not be tabled during the current session of Parliament, a senior official in the Ministry of Housing and Urban Poverty Alleviation has confirmed to Track2Realty. The draft Real Estate Regulation Bill is still in the consultative process and the government is apprehensive that the states may block it the NCTC way.
Ravi Sinha: Sachin, if I come back to the topic of consumer redressal, isn’t it true that lack of clarity in policy leads to consumer blackmailing also in cases like CCI against DLF. How do you see that?
Acknowledging the developer community’s role in the economic growth of MMR in particular and Maharashtra in general, Chief Minister Prithviraj Chavan stressed that his government accords top priority to affordable housing.
A Parliamentary panel has castigated the government for not establishing industries in almost half the SEZs set up since 2006 and giving the land to realtors, diverting fertile land of farmers.
The Financial Stability Board (FSB) published the FSB Principles for Sound Residential Mortgage Underwriting Practices that aim to provide a framework for different countries to set minimum acceptable loan underwriting standards so as to limit the risks that mortgage markets pose to financial stability and to better safeguard borrowers and investors.
Tata Housing Development Co. Ltd., has bagged one of the most prestigious Asia Pacific Property Awards 2012 (part of the International Property Awards), 4th year in a row bagging five coveted awards under various categories.
The real sector has emerged as one India’s largest drivers of economic growth. As a sector, it provides large scale employment and contributes significantly to the GDP. For decades, environmentalists have been warning that frenetic human economic activity associated with the breakneck speed of economic growth is placing a huge strain on the earth and its natural resources.
Over the last few years, the number of HNI investors and corporates who are seriously looking at investing into Indian office space has increased manifold. Mumbai continues to hold its own as India’s numero uno office space investment destination, with companies from all over the world unerringly zeroing in on the financial capital.