Category Archives: Real Estate

Real estate authority to go after violators

Show-cause notice to be issued to builders across the State The Real Estate Regulatory Authority will start issuing show cause notice, to real estate project promoters and agents who have failed to register with the authority. Local bodies such as the Chennai Corporation will start sharing information on planning permission applications and building approval data with the Authority shortly. “We Read More


Tamil Nadu real estate series Part 2: Realty rots in Chennai as rampant bribery makes regularisation a method to pelf

Editor’s note: This is the second of a four-part deep dive into the murky world of land legislation in Tamil Nadu, unauthorised constructions and how corruption is rampant in the sector with no government wanting to curb it. Will the courts at least do the needful? When 51-year-old Nirmala bought a piece of five-acre land in 1997 in Manapakkam, she Read More


Independent India – A real estate perspective

Anuj Puri In the 71 years since India gained independence, the country’s real estate market has changed tremendously. While it has not always been consumer-favouring throughout this period, it is certainly so today. The country’s cities have expanded, new economic drivers have come in and jobs are being created at all levels. Likewise, appropriate housing is now being created for Read More


The mess in Mumbai’s real estate sector

Land is scarce in Mumbai which was originally an island city.(HT FILE) The controversy over the allegations against state housing minister Prakash Mehta has once again highlighted the mess in Mumbai’s multi-billion rupee real estate sector. Mehta is accused of favouring builders in two different redevelopment projects. In one case, he allegedly tried to re-allot land under a transit camp, owned Read More


Karnataka to penalise real estate builders failing to register with RERA

If an unregistered agent sells a property , he will face a penalty of Rs 10,000 per day till he complies with the rule.   BENGALURU: The Karnataka government will come down heavily on builders and brokers who have not registered themselves with the state Real Estate Regulatory Authority (RERA), a top official said. The deadline for registration under the Read More


These 5 Real Estate Investment Mistakes Could Kill Your Business! Learn Why

Investing in real estate as a business can be a great way to make money. Your tenants, whether business or residential, will contribute to cash flow and operating profit every month, right? The property will appreciate for an eventual sale, and you’ll gain tax deductions connected to real estate property. Yes, all these things can happen — but real estate investing can Read More


Nate Paul: Real estate mogul with a $800 million net worth

Image: Tim Pannell for Forbes Unlike other successful millennial entrepreneurs, Nate Paul is not a T-shirt or hoodie kind of guy—his uniform is a suit. He has worn one to work, usually with a vest, every day since he dropped out of college nearly 10 years ago. “I always wanted people to take me seriously,” the Texas real estate prodigy Read More


Kerala set to draft real estate rules

However, KRERA had put the conditions as 1,000 sq m and 12 floors respectively. THIRUVANANTHAPURAM: The state government has repealed Kerala Real Estate (regulation and development) Act, 2015 with an ordinance, bringing the central act into force in the state. Kerala Real Estate (regulation and development) Act repeal ordinance (2017) was promulgated by the governor on July 15. The LDF government repealed Read More


Real Estate business: CM Yogi Adityanath launches UP-RERA website

Many real estate biggies in Noida and Greater Noida sighed with relief as Uttar Pradesh’s Chief Minister, Yogi Adityanath launched the online RERA registration platform,  www.up-rera.in in Lucknow today. The launch of this platforms means that now the registered builders can promote their upcoming and ongoing real estate projects on the government portal. The biggest advantage of a platform like this for Read More


Chandigarh, Delhi real estate regulatory bodies to be clubbed

Chandigarh was the first to set up a temporary RERA in October 2016. Later, the UT administration requested the ministry of home affairs (MHA) to club the Chandigarh RERA with Delhi’s. (HT File Photo)   The city will now share its Real Estate Regulatory Authority and Real Estate Appellate Authority with Delhi, under the Real Estate (Regulatory and Development) Act, 2016. Members, Read More