Cabinet clears real estate ordinance
Track2Realty: The Cabinet on Tuesday, June 4, cleared the Real Estate (Regulation and Development) Draft Bill, aimed at organising and monitoring the sector.
Search Results: UPA government (118)
Realty regulatory bill to recognise only carpet area
Track2Realty-Agencies: The proposed bill to regulate the real estate sector would make it mandatory for the development authorities to clear the building plan on the basis of carpet area, a top government official said on Saturday, May 4.
Unscrupulous builders let of victimising 200 families residing in 25-year-old buildings
Track2Realty: A builder nexus will render 200 families homeless or with uninhabitable apartments. The B.M.C. has issued notices to 140 residents to demolish all structures above the fifth floor of the seven buildings in the Campa Cola Compound, Worli.
45 dies in Thane building collapse; 2 builders gone underground
Track2Realty-Agencies: 45 people have died, over 50 are injured, and 20 people are still missing as rescue workers continue to cut through the mangled steel and concrete remains of a seven-storey building which collapsed on Thursday evening, April 4, in Mumbai suburb Thane.
Single window plan for real estate projects soon: Maken
Track2Realty-Agencies: In a move aimed at providing a major fillip to the construction sector, the Centre is likely to come up with a ‘single window’ system for the country’s real estate sector soon, Union Minister for Housing and Urban Poverty alleviation (HUPA) Ajay Maken said in New Delhi on Sunday, March 24.
Indian realty still lags behind on transparency parameter
Track2Realty Exclusive: Compared to other countries in Asia, India still lags behind on the transparency parameter. But we are increasingly scaling up with the data availability for the retail and residential sectors improving across all tiers led by the fast-paced development of the residential sector and modern retail formats.
Prescription for realty pain-Deregulation-I
Track2Realty Exclusive: The image of the tall crane or earth moving equipment standing amid construction rubble is a ubiquitous one across our cities. In projects involving malls, housing complexes and tech parks, the visual signals are strong and clear: real estate is booming in India.
Track2Realty Roundtable—Looking In and Looking Ahead-VII
Track2Realty Roundtable
Panelists—Dr Anil Sharma, CMD, Amrapali Group
Sunil Dahiya—Sr Vice President, NAREDCO & MD Vigneshwara Developers
Harmit Chawla—MD, HCorp Realty
PK Tripathi—President, Unitech
Moderator—Ravi Sinha, CEO & Managing Editor, Track2Realty
Ravi Sinha: Many of the developers have realised that focus on execution and not the land bank is the key. Companies which overleveraged their balance sheets or branched out into non-core areas have failed. Developers have also learnt it the hard way that real estate is a micro market business and fancy expectations of going pan-India can boomerang. Are not these tough lessons?
Fate of Regulatory Bill hangs in balance even after PMO steps in
Track2Realty-Agencies: The fate of the Real Estate Regulatory Bill hangs in balance even after PMO steps in to resolve differences between two ministries—Housing and Urban Poverty Alleviation and Urban Development— threatening to further delay the long pending Bill. The PMO has reportedly stepped in and directed the warring ministries to quickly resolve their issues over the bill which aims to protect property buyer’s interest from unscrupulous realtors.
Indian realty a long term bet if lessons learnt-I
Track2Realty Exclusive-Yearly Analysis: To say that Indian real estate is standing on a shaky foundation would be like stating the obvious. Pressure is increasingly building on Indian developers. High mortgage rates and the slowest economic growth in nearly a decade are taking a toll on demand. Costs are rising, too. The Price of steel and concrete has jumped to double digit. The pipeline of cash has already dried up.