Delhi Govt cracks down on illegal constructions, targets unauthorized colonies and vows to punish both guilty parties and negligent officials.
RBI restricts Urban Co-operative Banks' real estate exposure to 15% of total deposits, impacting commercial and housing loans.
The Competition Commission of India is addressing malpractices in real estate, focusing on misleading advertisements and consumer complaints against developers.
Delhi Cabinet approves first property registration fee hike in 45 years, aiming to boost revenue collection from ₹1.5 crore to ₹100 crore annually.
Around 44% of the population earns between Rs 8,500 and Rs 40,000 monthly. Are affordable homes truly accessible to this segment, especially with financing challenges? Expert Arun Mohan proposes solutions in his book "Affordable Housing: How Law and Policy can make it possible."
Real estate in India lacks a strong consumer movement and transparent investment guidance. The current price surge has shifted focus from need-based to profit-driven investments.
New real estate bill aims to protect homebuyers by regulating developers, ensuring project legitimacy and transparency through mandatory registration and approvals.
The Naveen Patnaik Government’s failure to help companies secure land has delayed 14 mega industrial projects worth Rs 2 lakh crore.
National Housing Bank aims to expand NHB Residex to all cities with a population of over one million by the end of next year.
Expert suggests Govt. setup institutional framework for real estate regulator to promote transparency & affordable housing.
RBI's draft guidelines propose excluding entrepreneur real estate loans for business from CRE classification, potentially easing construction finance access.
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.
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.
Real Estate Sector Seeks Regulator to Encourage Transparency
HDFC chairman Deepak Parekh calls for real estate regulator to protect property buyers and enhance market transparency.
The Goa government is considering regulating property sales to foreigners amidst concerns about Goa's image and potential FEMA violations.
India's government issues guiding principles for FDI norm changes, but remains silent on real estate FDI rule updates, potentially due to concerns over large capital inflows.