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

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

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

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

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

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 THIRUVANANTHAPURAM: The state government has repealed Kerala Real Estate (regulation and development) Act, 2015 with an ordinance, bringing the central act into force in the state.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 The LDF government repealed Read More

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 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

+ In a big move, Uttar Pradesh Chief Minister Yogi Adityanath on Sunday warned builders to provide timely possession to the buyers.  Speaking at the ‘UP Ahead Conclave’, organised by CREDAI in Lucknow,  Adityanath said that it was imperative for builders to win the trust of the people, adding, that the real estate sector was facing the “challenge” of meeting Read More

NEW DELHI: National Real Estate Development Council (NAREDCO) will not move court against the implementation of Real Estate Regulation and (Development) Act (RERA), even with regard to ongoing projects, as it helps build confidence among buyers, said its president Parveen Jain. Confederation of Real Estate Developers’ Association of India (CREDAI) has also asked its members to go for registration of ongoing projects Read More