Union Cabinet defers Real Estate Bill
Track2Realty-Agencies: The Union Cabinet on Thursday, Oct 25, once again deferred the Real Estate (regulation and development) Bill pending for approval since May last year.
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Cabinet to discuss bill to regulate realty today
Track2Realty-Agencies: The Union Cabinet on today, Oct 25, is likely to discuss the bill to regulate the real estate sector and also protect the interests of home buyers.
Real Estate Bill adds chapter to regulate unorganised property agents
The government plans to bring unorganised property agents and brokers under the ambit of the proposed real estate regulator, imposing stringent penalties including imprisonment on those who dupe buyers or operate without a valid registration.
Investment in global retail real estate to hit 180 billion US dollar per annum by 2020: JLL
Jones Lang LaSalle has a new report, Redefining Retail Investment, to coincide with the International Council of Shopping Centers (ICSC) 2012 Retail Real Estate World Summit, taking place in Shanghai this week.
Real Estate Bill sent to Law Ministry
The Real Estate Regulation and Development Bill, 2012, has been sent to the Ministry of Law and Justice for vetting, after which it will be moved to Cabinet.
Centre fine tuning Real Estate Regulator Bill to avoid state logjam
The Centre’s plan to regulate the real estate sector by safeguarding consumers from land sharks has hit a road block with several states opposing some provisions of a proposed bill. Track2Realty has learnt that in an effort to bring states on board, the Centre intends to drop the provision of giving direction to the States under the Real Estate (Regulation and Development) Bill.
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.
Land acquisition bill a result of knee jerk reaction?
Ravi Sinha: You mean to suggest the land acquisition bill has not really been deliberated upon and came as a knee jerk reaction?
Government getting cold feet on Realty Bill in Budget Session
The much talked about and widely anticipated Real Estate Regulation and Development Bill may not get cleared in the current Budget Session of Parliament, since the government is getting cold in the wake of the Union Government running into opposition from the states on a host of issues, including the proposed National Counter Terrorism Centre and Lokpal Bill.
Developers want ‘force majeure’ in draft Realty Bill
Real estate developers have sought inclusion of “force majeure” provisions in the proposed real estate bill drafted by the Central Government.