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.