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

Moneycontrol News As much as 27 percent of all global commercial property transactions in 2016 involved a private buyer and 24 percent of ultra-high-net-worth individuals portfolios allocated to real estate. UK is the number one country where private property investors are most likely to invest in, says Knight Frank’s Active Capital Report. The number of Ultra-High-Net-Worth Individuals (UHNWIs) – those Read More

Chairs are being laid out and banners and buntings line the way, as Ariel University prepares for graduation ceremonies on its campus, which houses about 15,000 students. But for the graduating students from Ariel, a degree could become damaged goods, as movements to boycott factories, vineyards, and schools built on Jewish settlements in the West Bank grow. Since 2010, Israeli Read More

Blackstone is a leading owner of office space in India, spanning over 30 million square feet across all major cities. Photo: Abhijit Bhatlekar/Mint The Blackstone Group Lp, the US-based global private equity firm, is in talks to acquire ILFS India Realty Fund I, a $525 million real estate fund owned by IL&FS Investment Managers Ltd (IIML), two persons aware of Read More

Motilal Oswal Real Estate, the property investment arm of Motilal Oswal Private Equity Advisors Pvt. Ltd, has committed to invest Rs 120 crore in a residential project of north-based developer ATS Infrastructure, the investment firm said in a statement. While the firm has disbursed 60% of the committed capital this week, the rest will be invested in the coming months. Read More

  As the Real Estate and housing market takes to reforms and becomes more mature, organised and transparent, a number of new trends emerge in the sector under transformation that are to the advantage of consumers or end-users. The most significant change witnessed in the sector, is the investor-speculator driven market, giving way to an end-user centric market. Real estate Read More

Homebuyers also questioned why the UP government is delaying the implementation of the Act, which was put into effect from May 1, 2016. (Burhaan Kinu/HT FILE PHOTO) Homebuyers should not worry because the state government cannot dilute the real estate regulatory authority (RERA) Act at per its will, said Rajiv Ranjan Mishra, joint secretary, the ministry of urban development. Mishra, Read More

  India is all set for its most ambitious reform in decades, which is expected to transform the world’s fastest growing major economy into a single market for the first time. The long-awaited Goods and Services Tax (GST) rolls out Saturday even as businesses complain they are ill-prepared for the massive changes about to ripple through India’s unwieldy $2 trillion Read More