Ranchi Police move court in real estate scam
Ranchi Police on Tuesday filed an application in the court of first class judicial magistrate Shekhar Kumar to seek an order to seize properties of all the accused of real estate scam unearthed recently.
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Real estate top violator of black money, economic intelligence informs Finance Ministry
Economic intelligence agencies have informed the Finance Ministry that a major chunk of illegal funds and black money is being generated and routed in the real estate sector of the country.
Real Estate Regulatory Bill likely in next Parliament session
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.
Real Estate Bill not to be tabled in the current session of Parliament
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.
Government a perpetuator of real estate price escalation
Sachin Sandhir: When the Government talks about affordable housing and expects the developers to do affordable housing, it is a misnomer because the Government is the first perpetuator of price escalation by auctioning the land to the highest bidder. Then to expect the developer to not make a profit of 50-60 per cent or whatever his expectation, is unrealistic.
No entry barrier, no price barrier and no regulation in real estate
Track2Realty Roundtable-IV Venue—India Habitat Centre Moderator—Ravi Sinha, CEO & Managing…
India and sustainable real estate – miles to go but getting there
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.
Disconnect in policy & practice of real estate
Track2Realty Roundtable-III Venue—India Habitat Centre Moderator—Ravi Sinha, CEO & Managing…
Where to invest in commercial real estate in Mumbai
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.
Policy ambiguity in real estate
Ravi Sinha: I welcome all the panelists in this roundtable discussion. We are organizing the brain storming session for our inaugural yearly Handbook Focus 2012. This is the second of the series after the 1st discussion in Mumbai on “Funding Gap in Real Estate.”