Category Archives: Real Estate

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

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, 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