Delhi government restricts property transactions to registered deeds only, banning General Power of Attorney (GPA) sales based on a Supreme Court order.
Indians topped Dubai's property buyer list in 2011, investing Rs 292 crore, marking 16% of total new investments. Asian investors, with UAE and Indian nationals leading, comprised 68% of the investor pool.
This Navaratra marks a significant resurgence in the real estate market, as buyers eagerly engage in transactions, a trend anticipated to continue through the summer vacation.
Karnataka introduces property cards to enhance clarity in realty transactions, replacing sale deed registration with property titles to reduce disputes and improve accountability.
The Financial Intelligence Unit is urging states to provide monthly data on all property registrations to enhance oversight of real estate transactions and combat illegal funding.
Savvy property investors utilized equity markets to reduce tax on gains, offsetting derivatives losses against short-term capital gains from property transactions.
Real Estate Bank India to set up 3000 franchisees, including 16 in Orissa, to facilitate inter-state property transactions.
Flat owners in Maharashtra are urged to utilize the state's stamp duty amnesty, as emphasized by Mr. Ramesh Prabhu, highlighting long-overlooked regulations.
Small developers are forced to sell projects to larger ones due to severe cash crunches, especially in tier II cities and metros.
India's home prices expected to correct further due to low transaction volumes and over-supply, with 15-20% drop in major cities.
The Goa government is considering regulating property sales to foreigners amidst concerns about Goa's image and potential FEMA violations.