Category Archives: Real Estate

Tamil Nadu govt mulling slew of changes in real estate sector

In the post-RERA Era, Tamil Nadu could become one of the first states to overhaul its existing housing policy, as the government plans changes to existing guidelines surrounding land-pooling, low-cost housing and project approvals Doing business in Tamil Nadu’s real estate sector is set to get a lot easier, provided a list of proposals gets the state government nod.   Read More


Will the next 5 years see an upswing in real estate?

Contrary to the general perception that real estate has been going through a bad phase for the past few years, according to Knight Frank Global House Price Index Q2 2017, prices in the residential real estate market in India appreciated 10.5% in 12 months or 70% (absolute) in 5 years ending June 2017. According to the report, “the growth in mainstream Read More


Mumbai’s real estate sees revival, builders rush to submit new construction plans

Mumbai’s real estate sector, which has been hit hard by a prolonged slowdown, is showing early signs of a revival. While the residential market continues to be sluggish, developers have been rushing to submit new construction proposals to the Mumbai municipality. Between April 1 and August 24 this year, the civic building proposals’ department has received over 4,507 construction proposals Read More


Real Estate: Will headwinds end soon, or is this the new normal?

The Indian economy has seen a series of social and economic reforms in the recent past. The real estate sector, however, remains in the limelight. 2016-17 has been a year of strategic policy changes with the aim of establishing a more conducive and transparent economic system. The ultimate objective of the policymakers has been to improve ease of doing business Read More


Real Estate: Freedom From Homelessness

Today, even after 70 years of Independence, the country has failed to live up to  the Constitutional guarantee of right to shelter. Various schemes of the successive governments over the last seven decades, have not achieved the desired results. But now a spate of landmark reforms and enabling policy initiatives undertaken by a  progressive and reform- oriented government, has raised Read More


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