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.
HDFC chairman Deepak Parekh calls for real estate regulator to protect property buyers and enhance market transparency.
Sebi's approval for mutual funds to invest in real estate opens doors for retail investors, promoting transparency and liquidity in the sector despite some restrictions.
Directorate of Enforcement issues show-cause notices to foreigners for alleged FEMA violations in Goa property purchases
SEBI releases draft rules for mutual funds real estate schemes after 7-year wait, enabling two types of real estate funds: REMF and REITS.
Indian real estate lacks reliable price tracking mechanism, with NHB Residex attempting to provide credible market indices for residential properties.
Tamil Nadu launches online portal for land document processing, aiming to digitize land resources across the state with unique identity numbers.
The National Consumer Commission ruled that builders must compensate buyers for delays in flat delivery, emphasizing that benefits from rising property prices go to purchasers.
SEBI allows real estate mutual funds to invest in properties across 35 million-plus cities and urban agglomerations.
The UP government will regularize 208 illegal colonies in Ghaziabad, taking inspiration from Jaipur's policy, to facilitate development and streamline administrative processes.
The Goa government has raised stamp duty on properties and infrastructure tax, impacting beach-side home buyers, as part of the 2008-09 budget.
The Goa government is considering regulating property sales to foreigners amidst concerns about Goa's image and potential FEMA violations.
