India's proposed insurance sector liberalization aims to attract foreign investment, but challenges such as infrastructure and public competition remain significant.
The Comptroller and Auditor General (CAG) of India expands its scope to include public-private partnerships, environment and climate change, e-governance, social audit, and regulatory bodies. The CAG aims to modernize audit processes to address challenges posed by new organizational forms.
DIPP and RBI to meet over Lehman's $500M Indian real estate assets, exploring rules for repatriation of funds due to foreign investor bankruptcy.
A Supreme Court ruling allowing increased Floor Space Index for old buildings in South Mumbai opens redevelopment opportunities, potentially impacting property prices and infrastructure.
India's real estate sector is facing complexities and ambiguities related to indirect tax, including VAT and service tax on works contracts. The Supreme Court's ruling in the K Raheja Development Corporation case has further complicated taxation, potentially increasing the cost burden on new flat purchasers.
ED investigates potential Russian land mafia involvement in Goa's real estate between 2000-2007, seeking state government's assistance to scrutinize large-scale land acquisitions by Indian companies believed to front for illegal Russian ownership.
Twelve Pune real estate developers face scrutiny for falsely claiming Rs 65 crore in tax waivers on low-cost housing schemes. The Income Tax department plans to issue notices, impacting tax collections amidst a market slowdown.
Foreign investment in India's real estate grows, despite recent regulatory challenges. Investors eyeing second-tier cities for deals. Minimum project area, capitalization, and time constraints are highlighted.
The KPCC criticizes the political controversy surrounding SEZs in Kerala, linking it to internal conflicts within the CPI(M) and raising concerns over real estate interests.
Ratan Tata's decision to relocate Nano car project due to protests over land acquisition exacerbates concerns over West Bengal's industrialization and infrastructure projects.
Rajasthan's new Guaranteed Land Title Act aims to enhance transparency in land deals, establishing permanent ownership rights for property buyers across 11 cities, starting with a pilot in Jaipur.
Rajasthan's 2000 regulation allows unauthorized constructions by paying penalties, impacting urban planning and leading to misuse of land for commercial purposes in residential areas.
Flat owners in Maharashtra are urged to utilize the state's stamp duty amnesty, as emphasized by Mr. Ramesh Prabhu, highlighting long-overlooked regulations.
The government is set to introduce new norms for VC and PE funds, aiming for transparency and equitable distribution of investments across sectors, including real estate.
The finance ministry has dismissed RBI's concerns about real estate mutual funds (REMFs) violating FDI norms, potentially opening new investment avenues in the real estate sector for small investors.
Goa to appoint NRIs to state boards, eases property disputes and investment
The housing ministry enforces strict EWS quotas, warning developers of heavy fines for non-compliance and urging financial assistance for low-income families in home purchases.
The launch of Real Estate Mutual Funds (REMFs) is stalled due to tax regulations, with SEBI and the finance ministry working on clarifying their status.
Foreigners in Goa face hurdles in selling properties due to FEMA violations and government bans
The Madras High Court has halted DLF's shopping mall construction in Chennai, ordering the removal of temporary structures after concerns from local residents.
The government is intensifying scrutiny on investments from tax havens amid concerns over potential money laundering and terror funding, especially in real estate.
Income-tax department to closely monitor real estate transactions over ₹30 lakh, with scrutiny triggers including gross income mismatch and large cash deposits.
RBI raises interest rates, impacting stock markets and real estate sector with significant index declines
Real Estate Sector Seeks Regulator to Encourage Transparency
HDFC chief points out how environmental clearances result in substantial delays and cost overruns in housing projects, raising concerns among real estate developers about mounting expenses and inefficiencies.
