Jaypee Group's founder, Jaiprakash Gaur, transformed the construction industry but faced setbacks in real estate leading to over 20,000 dissatisfied home buyers struggling for their completed homes.
The government is linking e-courts with land registration databases to help buyers identify disputed properties and streamline property transactions nationwide.
SIDCUL plans to invest Rs 400 crore in Sitarganj, enhancing infrastructure to attract new businesses amidst challenging industrial conditions.
The Land Acquisition Bill, after several amendments including a 50% compensation for landowners, has received consensus from all parties. However, developers and industry experts fear it will adversely impact the affordable housing sector.
The all-party meet failed to reach a consensus on the land acquisition bill, impacting farmers awaiting compensation and delaying infrastructure projects. Opposition parties strongly opposed the bill, despite government efforts to expedite its passage for economic boost.
Real estate developers anticipate Union Budget 2012 to bring pragmatic provisions, including increased infrastructure funds for housing and removal of service tax on residential construction.
DLF announces special discount scheme for government and defence staff for purchasing residential units across various projects.
Delhi Govt cracks down on illegal constructions, targets unauthorized colonies and vows to punish both guilty parties and negligent officials.
The government is contemplating granting 'maharatna' status to major PSUs, enhancing their autonomy in strategic investments and mergers.
The recent budget announcement has left many industries, including real estate, dissatisfied with a lack of significant changes or incentives for foreign investments. The budget's provisions are seen as inadequate to combat the ongoing recession.
The government is intensifying scrutiny on investments from tax havens amid concerns over potential money laundering and terror funding, especially in real estate.
Indian real estate values are anticipated to surge from $12 billion to $90 billion by 2015, driven by urban demand and a booming economy.