Final guidelines for Real Estate Investment Trusts (REITs) are expected soon, aiming to provide the real estate sector with long-term funding and boost investment opportunities.
Sahara Group will submit new property title deeds worth Rs 20,000 crore to SEBI after being restricted by the Supreme Court from selling assets. The case involves refunding investors.
Noida officials are set to upload housing project details online to protect buyers and curb property scams, with wider transparency expected for developers and investors alike.
Despite DDA's order and NGT's intervention, illegal constructions continue in Yamuna floodplains, fueled by pre-election promises and ongoing property transactions.
Several developers, including Posco-India, Unitech, and Lodha, requested more time for SEZ projects, citing market instability. The government is implementing reforms to boost SEZ investments.
The MoEF's revised notification permits township projects in the Western Ghats, sparking protests from environmentalists who fear ecological damage.
The state government is giving occupants of rural and urban evacuee lands another chance to claim land transfer within three months. Failure to do so may result in them being barred.
Bombay High Court directs BMC and MHADA to take responsibility for dilapidated buildings, amidst rising building collapse incidents.
Revamping stamp duty & registration fee collection could double revenue to Rs 1.5 lakh crore, with Maharashtra's model touted for nationwide adoption.
CREDAI plans to request amendments to the Real Estate Bill from the Central Government, fearing increased housing costs and discouragement for smaller developers.
India delays easing FDI guidelines for real estate sector, including exit conditions and minimum build-up area requirements.
Maharashtra legislator Vinod Tawde and NCP leaders respond to Supreme Court's stay on Campa Cola housing demolition till May 2014, calling for proper regulations.
HMDA rejects BPS papers of 65 educational institutions in Hyderabad for non-compliance with regularization rules. Demolition possible, but officials are proceeding cautiously.
A National Crime Records Bureau (NCRB) survey reveals a decline in property sales recovery in India. Maharashtra experienced a sharp drop, while Andhra Pradesh showed the best recovery rate.
New norms are drafted by the stamp duty and registration department to reduce the increasing property transaction frauds. Individuals authentication and birthmarks declaration are added.
India needs regulatory mechanism to protect flat buyers from illegal constructions, citing Campa Cola case, to ensure developers provide rights to societies in case of law breaches.
CREDAI Karnataka seeks amendments in Land Reforms Act, exemption for marked development lands, and resolution for sand quarrying policy.
Gurgaon administration mandates CCTV installation in residential societies, pubs, and bars. Cameras must be at entry/exit points with 30-day storage. Residents and police laud this security boost.
Despite efforts to increase transparency, Mumbai's building plan approval system faltered. Approved construction plans were not uploaded to the website, hindering access for potential buyers.
Delhi court orders immediate FIRs against illegal building owners/developers and CBI probe into senior officials' role in fake demolitions.
SEBI restricts Servehit Housing & Infrastructure from raising public funds over illegal real estate schemes, orders asset disclosure, and bars new scheme launches.
The Bombay High Court directed a Hirco Plc arm, Hiranandani Palace Gardens, to disclose assets amid a loan repayment dispute with Tata Capital Financial Services over a defaulted Rs 76 cr loan.
The Supreme Court of India will review Sahara Group's petition regarding restrictions on CEO Subrata Roy, who is barred from leaving the country until property deeds are submitted.
Karnataka's government moves to regularize illegal buildings through the Akrama-Sakrama scheme, expanding the cutoff date for applications to end of 2013.
The Securities and Exchange Board of India (Sebi) is considering incentives to attract investors into Real Estate Investment Trusts (REITs).
