News articles tagged Transparency

Raipur Revolutionizes Property Markets with Blockchain-Backed Registration System

Raipur's Municipal Corporation collaborates with Airchains to implement blockchain technology for property registrations, enhancing transparency and combatting fraud through secure digital documentation.

Bhubaneswar RERA Tightens Compliance: Enhanced Transparency for Homebuyers in Odisha’s Real Estate Boom

Bhubaneswar RERA introduces stricter compliance measures to enhance transparency and protect homebuyer interests in Odisha’s rapidly growing real estate market, focusing on timely project delivery and regulatory reforms.

MAHARERA Cancels 13,785 Real Estate Agents’ Registrations

MAHARERA revokes registrations of 13,785 real estate agents for regulatory non-compliance, emphasizing integrity and accountability in the industry.

Right To Fair Compensation And Transparency In Land Acquisition

India's 2013 Land Acquisition Act aimed to ensure fair compensation and transparency but faces challenges like high costs and complexity.

MahaRERA website set to display complaints on promoters and projects

Homebuyers can now check details of project and developer complaints on the MahaRERA website, enhancing transparency and aiding informed decision-making.

Property E-registration begins from October 2, Maharashtra revenue minister

Maharashtra's e-registration for property sales starts on October 2, aiming to increase transparency and efficiency in the real estate sector.

Civic Body of South Delhi permitted 180 building plans in 2 months

SDMC approves 180 building plans in 2 months after digitizing and simplifying the approval process, leading to increased rule compliance and reduced corruption.

Projects of Gurgaon have to pass through scanner

Haryana CM directed a status check on licensed residential and commercial projects amidst rising complaints against developers. The government reviews Unitech's projects and duties.

Property Assessments-Soon to be online

The Department of Registration and Stamps in India is working towards establishing an online system for property valuation and stamp duty assessment, aiming to increase transparency and reduce corruption.

Building approvals public has no progress

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.

Cabinet draws guidelines to apply Land Acquisition act

The Government has finalized rules for the Land Acquisition Act, emphasizing fair compensation and transparency. Public comments are invited within 45 days.

Real Estate Bill Likely To Protect Flat Buyers

The real estate bill is expected to pass in the upcoming parliament session, protecting buyers from unethical builders.

CREDAI Demands Consumer Friendly Real Estate Reforms

CREDAI urges Parliament for consumer-friendly real estate reforms, citing stalled projects and the need for "Home for All." They criticize the one-sided regulatory bill and suggest a single-window clearance system.

Black Money in Real Estate Ruins Indian Economy

The Indian government is introducing a regulatory bill to curb black money in real estate and foster transparency in the sector.

HC Orders MH Real Estate Builders To Pay 5% VAT

Maharashtra High Court orders real estate builders to pay 5% VAT by October 31, but many developers are pressuring buyers to pay due to lack of proper records.

Liquidity Issues Upset Real Estate Private Equity

Real estate Private Equity firms face liquidity issues due to demands for increased transparency from investors. This situation is seen globally, not just in India.

CREDAI Finally Says “No” to Real Estate Corruption

CREDAI urges 10,000+ members to reject bribery, combatting corruption allegations in real estate. President Lalit Kumar Jain announced an "all-out war" against corruption, advocating for administrative reforms and transparency.

CREDAI and Builders' Rift over Code of Conduct

CREDAI expels and witnesses the resignation of several developers over non-compliance with its transparency-focused code of conduct.

Emerging Property Markets are Gaining much Steam

PwC stated at a conference that due to the global financial crisis, emerging markets' GDP may exceed advanced economies' sooner than anticipated, requiring real estate investors to adapt.

Chhattisgarh Developers to Follow CREDAI Transparency

CREDAI introduces a new transparency system for Chhattisgarh real estate developers, focusing on clear dealings, consumer redressal, and adherence to a code of conduct.

Developers show anger for new bill

New real estate bill aims to protect homebuyers by regulating developers, ensuring project legitimacy and transparency through mandatory registration and approvals.

Real Estate Still Attracting Investors

Wealthy Indians are increasingly interested in land as an investment option amid volatile markets. A significant 48% of high net worth individuals (HNIs) plan to increase realty investments over the next 12 months, according to a Barclays report.

IT Sector, A New Ground Of Indian Real Estate

Indian real estate businesses are embracing IT solutions to automate processes, enhance transparency, and improve performance.