Seeking to address the concern of real estate developers over delay in getting approval of the projects, government today announced the setting up of an expert committee to suggest measures for a speedy clearance system.
RICS has released its research report ‘Real Estate and Construction Professionals in India by 2020’.
For buyers as industry stakeholders, the biggest advantage that the Model Real Estate Regulation Act offers is that there will be an arbitratory body available to attend to grievances and redressals.
The Government will make public the draft Real Estate Regulation and Development Bill, 2011 for comments from stakeholders this week and may subsequently introduce it in the forthcoming winter session of Parliament.
After the Allahabad high court cleared land acquisition in 60-odd villages, barring a few where no real estate activity was on, hope has begun floating for thousands of middle-class buyers.
Though the developers have hailed the Allahabad High Court’s judgment on Greater Noida land acquisition, they said existing flat buyers will be immune to higher compensations to farmers.
The management skills of Mumbai’s dabbawalas (tiffin carriers) will be in focus at the Global Initiative for Restructuring Environment and Management (GIREM) conference to be held in Goa between September 29 and October 1.
The Kerala Government has proposed to constitute a real estate regulatory authority to monitor and guide builders and developers in the State.
Kick-starting a Consumer Redresser Mechanism, The Maharashtra Chamber of Housing Industry (MCHI), the representative body of real estate industry, has decided to enforce a “Code of Conduct.” among its developer members.
Following demands from different quarters and to facilitate more discussion and debate on the Draft Development Plan for Hyderabad Metropolitan Region, the last date for objections and suggestions would be extended by two months.