March 2016

Credai seeks changes in ‘rigid provisions’ of Real Estate Bill

Nashik: The passing of the new Real Estate Bill in the Rajya Sabha last week has lifted the spirits of the state Confederation of Real Estate Developers' Association of India (Credai). The association said the real estate sector will now get the status of industry, but also sought changes in some "rigid provisions" of the bill. The bill would be applicable for projects coming up on 500 sq m onwards or...

New real estate law may cover flats already sold

NEW DELHI: The government is making an effort to make the consumer the king, once the real estate bill becomes law. It's only home-buyers who will decide whether a builder can transfer majority rights and liability to a third party or change the layout or design of a project. Residents associations will be formed within three months of the majority of flats being booked to facilitate handing over of...

Real estate bill will curb graft: Experts

Kolhapur: The city's real estate sector has welcomed passing of the much awaited Real Estate Bill, which aims to protect the interests of buyers and bring more transparency, in Rajya Sabha on Thursday. The business fraternity expects that the new Act will eliminate ill-practices that have entered the business in the absence of regulatory laws. Rajya Sabha has cleared the Real Estate (Regulation and...

Hope for homebuyers as Rajya Sabha passes real estate bill

NEW DELHI/MUMBAI: Rajya Sabha passed the much-awaited real estate bill on Thursday, prompting PM Narendra Modi to hail it as "great news for homebuyers". The bill, which seeks to regulate the property sector, bring in transparency and help protect consumer interests, is slated to be taken up by Lok Sabha on Monday. According to the bill, moved by housing and urban development minister Venkaiah Naidu,...

Real estate bill, which seeks to protect buyers’ interests, passed in Rajya Sabha

W DELHI: A bill seeking to regulate the real estate sector, bring in transparency and help protect consumer interests was passed by the Rajya Sabha on Thursday. Moving 'The Real Estate (Regulation and Development) Bill, 2015' for consideration and passage, urban development minister M Venkaiah Naidu said it aims to protect the interests of buyers and bring more transparency in the sector. The Congress had...

India top expansion destination for corporate real estate occupiers: CBRE

NEW DELHI: India remains a top expansion destination for corporate real estate occupiers, along with South East Asia and China, reveals the newly launched Asia Pacific Occupier Survey by property consultancy CBRE. It also points out that cost management and employee engagement are key issues for multinational corporations today. "Asia Pacific remains a key growth market for multinational...

Will press for Real Estate Bill in Rajya Sabha, says Rahul Gandhi

NEW DELHI: Congress Vice-President Rahul Gandhi has assured a group of homebuyers camping in Delhi to press for the passage of the much-delayed real estate regulatory bill that the party will support the legislation in the Rajya Sabha. The members of the group, agitating under the banner 'Fight for RERA' after getting tired of the delay in the delivery of the houses they had booked years ago, said...

Rahul Gandhi assures home buyers of a strong Real Estate bill

NEW DELHI: Congress Vice President Rahul Gandhi today assured the home buyers that his party was committed to a strong Real Estate Bill to protect their interests and would ask the government to bring it in Parliament at the earliest. In a series of tweets, Rahul said: "Met representatives of home buyers from across the country earlier today". He said he assured them that @INCIndia is fully...

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