Anuj Puri Several breakthrough reforms with pertinence to the Indian real estate sector saw the light of the day over the last one year. Be it demonetisation – the government’s ‘surgical strike’ against black money – the revolutionary RERA or the unified tax regime of GST – all bore the power of rendering the Indian real estate sector more transparent Read More

ng Service and is generally faster and always more accurate than national syndication sites. You don’t know if you can afford the home or would be comfortable with your payments because you aren’t pre-approved for a mortgage.  Many times, something shows up on the mortgage brokers credit report that the consumer is unaware of. You don’t have an agent.  Homes Read More

The high spirit in the real-estate market is making a comeback after a lull and leading builders Puravankara are going all out to make it a bang for customers. The real estate giant’s ‘Big 72-hours Online Home Fest’ is making housing affordable for customers across the country.The three-day online home fest is bringing all properties of Puravankara and its premium Read More

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

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 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

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

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

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

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