Cabinet amends real estate bill to stamp out illegal practices

The cabinet has amended a bill to regulate the real estate sector, protect home buyers and curb undeclared "black money" in property markets that costs the exchequer billions of dollars in lost......

Construction delayed? Builder must return money on demand

Builders insist on timely payments and demand interest at high rates in case a flat purchaser delays payment. Yet, going against equity, they avoid paying interest or even refunding a flat......

Profit booking drags Sensex 167 points lower

Markets have closed the trading session on a lower note as investors turned cautious and booked profits with oil and financial shares leading the decline. The Sensex closed lower by 167 points at......

Realty brokers on slippery ground

Narayana Seena Shetty, 45, a real estate broker in Thane on the outskirts of Mumbai, operates from the balcony of a closed shop. After his landlord raised the rent of his shop from Rs 8,000 a month......