Real estate bill seeks to impose penalties, including de-registration of the project and other fines in case of a breach.
The provisions in the bill will curb malpractices by developers and it even proposes to penalise them if norms are violated.
Indian property market and its regulations need to be reformed further to attract foreign direct investment while the demand for space for business process outsourcing is expected to cross over two crore square feet in the next three-five years.
The Enforcement Directorate (ED) has arrested four promoters of Earth Infrastructures Ltd in connection with a money laundering probe into an alleged Rs 2,004-crore homebuyer fraud that affected more than 19,000 buyers and investors.
Of late, Surajkund has been hyped as an attractive alternative real estate destination on the Delhi-National Capital Region (NCR) map.
A World Cup bus was set alight and a teenager suffered a gunshot wound during chaotic scenes in Midtown Manhattan as thousands of basketball fans poured into the streets late on Saturday to celebrate the New York Knicks' historic win in the NBA Finals.
The application, filed by Arsalan Iftikhar's counsel in the supreme court, called for the registration of an FIR against Malik Riaz Hussain, owner of Bahria Town real estate firm, for alleging that he possessed photos and video footage of Iftikhar's visits to London that were allegedly paid for by the tycoon's relatives
Chennai-based Lakshmi Vilas Bank is set to merge with Indiabulls Housing Finance in a share-swap deal, RBI may not be comfortable with a bank owner having realty business under its wings.
Yield-generating instruments like Infrastructure Investment Trusts (Invits), Real Estate Investment Trusts (Reits), and Non-Convertible Debentures (NCDs) are witnessing a surge in investor interest, contrasting with a notable slowdown in the equity primary market, which saw only one IPO in April.
Investing in stocks offer secrecy, partial liquidity and freedom to invest even a small amount, says P V Subramanyam
Three men have been arrested in Bengaluru for allegedly robbing a real estate businessman after posing as police officers. The accused gained entry to the victim's home under the guise of checking CCTV footage.
PE funds have invested Rs 13,000 cr into the property market in Bengaluru.
Gurgaon scores down from previous year but still on top.
Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
The COVID-19 pandemic affected the residential property market during the April-June period last year but sales have improved in affordable homes segment since July onwards, reflecting economic recovery in the real estate sector, according to the Economic Survey. The National Housing Bank's (NHB) Housing Price Indices (HPIs) are a broad measure of movement of residential property prices observed within a geographic boundary. The NHB-RESIDEX captures two housing price indices -- HPI@ Assessment Prices and HPI@ Market Prices - Under Construction Properties based on the data available for 50 cities with quarterly updation.
Restricting the input credit is not a good idea for any sector, particularly real estate which requires more formalisation.
Let's take a look at nations that saw biggest change in real estate loans.
Though the developments are positive, analysts say the benefits will accrue only in the long run
Analysts have turned bullish after success of some big launches and revival of home sales. There is optimism on rate cuts by RBI and hope for lower inflation; which may renew buyers' interest in real estate in coming months.
Madhya Pradesh BJP president Hemant Khandelwal has termed the land scam allegations against Yadav as "baseless", saying whenever the state has a CM from the backward class, the Congress attempts to weaken him.
The Enforcement Directorate (ED) has arrested a former Kotak Mahindra Bank executive, Pushpinder Singh, alleged to be the mastermind of a Rs 145-crore fraud involving Panchkula municipal corporation officials, bank employees, and private individuals.
The new law would boost home buyer confidence as well as investment in the realty sector.
Between January and June 2011, PE investments in real estate reached $444 million, 47 per cent higher than the investments made in 2010 during the same period.
The Enforcement Directorate conducted searches at multiple locations in a money laundering case linked to an alleged Rs 145 crore fraud involving fixed deposits of the Panchkula Municipal Corporation.
Thousands of New York Knicks fans celebrated their NBA Finals victory in Midtown Manhattan, leading to chaotic scenes including a World Cup bus being set alight and a teenager suffering a gunshot wound in Times Square. Police eventually intervened to disperse the unruly crowds.
Siddhesh Joglekar, founder of Estatelister.com lists out reasons why these five cities could emerge as the best real estate investments in the New Year.
'ISRO is planning to build a Bharatiya Antariksh Station by 2030. So, our goal is to create a vehicle that can supply modules to the Bharatiya Antariksh Station and bring the products back.'
Corporate India is projected to offer salary increments ranging from 8.6 per cent to 10.2 per cent across various industries in the financial year 2026-27, primarily fuelled by a sustained demand for skilled and execution-focused talent, according to a TeamLease Services report.
Here's what you must watch out for while inquiring about real estate deals at property exhibitions.
'In the (election) affidavit, he had declared Rs 1,400 crores as his assets. He has educational institutions, real estate, malls, etc.'
In a deadly twist to what would have been a dream wedding, police on Tuesday said 26-year-old Ketan, who died while on a trek on June 18, was allegedly pushed into the gorge by his fiancee Siya (20) and her lover Chetan (22).
Speculation is rife that the Centre can take draconian steps such as mandatory e-passbooks for all real estate holdings and compulsory checking of every single safe deposit vault.
National Capital Region and Bangalore's property prices are more reasonable.
Real estate will prosper, small developers won't.
The West Bengal government had early this month shelved the IT township project at Rajarhat in North 24 Parganas, where Wipro and Infosys were supposed to set up their units, after allegations of irregularities in allocation of land for the luxury Vedic Village resort surfaced.
The Enforcement Directorate has reported a staggering 170 per cent surge in asset attachments, reaching 81,422 crore in the last financial year (FY26), underscoring its intensified efforts against financial crimes and its significant role in restituting funds to victims.
Leading diamond jewellery manufacturer and retailer Gitanjali Gems Ltd is entering into real estate business through its maiden residential project at Borivli, in Mumbai's western suburb.
The Bill comes at a time when prospective home buyers are avoiding under-construction projects, almost everywhere in the country, thereby drying up sources of interest-free funds for debt-ridden developer firms
