Developers carrying failed legacy of state instrumentalities
I don’t see any reason why there has been a general perception that the role of the government is to provide low cost housing unlike private developers.
I don’t see any reason why there has been a general perception that the role of the government is to provide low cost housing unlike private developers.
Angel investors, Indian Angel Network has invested $1 million in the Mumbai-based real estate portal GrOffr.com for a minority stake.
The Government is likely to introduce a bill in the monsoon session of Parliament to protect consumers’ interests against dubious operators in the real estate sector.
Though the Reserve Bank of India has laid out strict due diligence standards for banks for sanctioning loans to the real estate sector, industry experts believe lending to the sector will not decline.
More than half a dozen builders, including Ahmedabad-based Bakeri Group, Lodha Developers and Indiabulls Real Estate, have either pulled out of the affordable-housing segment or have changed their offering.
The Reserve Bank of India (RBI) has asked banks to go slow on lending to the commercial real estate projects. The central bank fears an asset price bubble.
Hours after the Supreme Court order, several worried investors at Shah Beri village rushed to the offices of developers demanding their money back or a house at an alternative site.
Real estate developers are often blamed for delay in projects. But the fact of the matter is that it is more often the state parties that are responsible for the delay in project.
The Reserve Bank of India has laid out strict and tedious due diligence standards for banks in sanctioning loans to the real estate sector.
Land acquisition has become a very contentious issue these days. There are some states where land acquisition has evoked public protest and at some places these are politically motivated as well.