Search Results: real estate regulatory authority (93)

Policy High Rise Building, Structural Audit, Noida Authority, Builder Fraud

Noida Authority formulates policies for structural audit & pet ownership

The meeting was Chaired by UP Infrastructure and Industrial Development Commissioner and Noida Authority Chairman Arvind Kumar in presence of Noida Authority Chief Executive Officer Ritu Maheshwari.  In relation to structural audit of multi-storey buildings located in the authority area, the statement said that “the structural policy was prepared by the Noida Authority on the demand of flat buyers and AOA, in which the Structural Audit Policy has been approved by the Authority Board with partial modifications.”

Column Advocate Aditya Pratap, Bombay High Court, India real estate news, Indian realty news, Real estate news India, Indian property market news, Investment in real estate, Realty Plus, Track2Realty, Realty Fact, Litigations in real estate, Land titles in real estate, Dgitisation in real estate, Consumer complaints in real estate

Compliances for real estate PE under section 42 of The Companies Act, 2013

Private Equity funds, domestic and multi-national, have become major players in the Indian real estate market, investing tens of thousands of crores. While Blackstone and Brookfield have hitherto been largest foreign investors in Indian real estate, a gamut of Japanese Private Equity giants are also making waves. Heavyweight Japanese Corporations such as Mitsui Fudson, Mitsubishi Corporation, Sumitomo Corporation and Genkai Capital too have made big-ticket investments in Indian metro cities.

Editorial Balvinder Kumar, Member, UP RERA in an interview with Ravi Sinha

Star Rating to be the game changer of real estate: Balvinder Kumar, Member, UP RERA

Balvinder Kumar, member of the UP RERA is no stranger to the functioning of the real estate and the government agencies. As a former bureaucrat, he has seen it as an insider with many key positions, including his stint with the high profile Delhi Development Authority (DDA). In an exclusive interview with Ravi Sinha, he shares his roadmap for making RERA an ideal platform for due diligence as well.  

Column JC Sharma, Sobha Limited, Union Budget 2019-20, Budget Wish List of Real Estate, Budget Demands of Real Estate, Real Estate & Budget

Budget augurs well for Indian real estate

The last few years have witnessed increasing focus on the affordable housing segment.It remains a key segment for the Government towards its mission of ‘housing for all’.  To provide further impetus to affordable housing segment, the Government has sanctioned over 81 lakh homes under PMAY Urban scheme with an investment of about 4.83 lakh crore. 

Reports PE Investment in Real Estate, Private Equity Money in Indian Real Estate, Investment in Property Market, NRI Investment in Real Estate, Foreign Funds in Indian Real Estate, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News

PE inflows into Indian real estate have surpassed USD53 billion since 2008: Colliers

Investors are scouting for investment-ready assets in core office locations in Mumbai, Delhi-NCR, Bengaluru and Hyderabad, which together accounted for about 77% of the total leasing in 2018. We foresee higher investor interest for Greenfield projects in southern cities, especially Bengaluru and Hyderabad, which are witnessing pent-up demand in key office corridors.

Consumer Connect Legal Hammer, Judicial Review, Real estate regulator, Regulation in property market, Builders cheating, real estate fraud in India, Track2Media Research, Track2Realty

RERA realities & homebuyers’ concerns

Industry is nevertheless clear that such apprehensions are just teething problems. Jaxay Shah, President, CREDAI maintains that even though most states have not been able to implement it immediately and are in the process of doing so, yet both consumers and developers need to look at it optimistically. There will be teething problems initially, but as the regulatory mechanism sets in place, we will see a smoother transition into the new administration.

Consumer Connect Homebuyer Confusion, Confused homebuyer, Homebuyers grievances, Homebuyers' legal options, India real estate news, Indian property market news, Track2Realty

RERA realities & concerns of homebuyers

Moving forward, the moot point is whether the builders would decide to postpone their new launches keeping RERA in mind to avoid mid way issues. Within the built environment of real estate it is increasingly being questioned as to whether penalising builders for delays in the projects is justified given they rely on so many external factors. At one point government is coming up with consumer friendly RERA 2017 on the other hand government does not have any system or mechanism to give time bound permission to real estate sector developer, then how government will be successful in implementing the real estate.

Policy india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property

Real Estate Regulatory Bill: close to the finish line

New recommendations on the Real Estate Regulatory Bill were made by the ministry and sent to PMO for approval, and the cabinet has now approved it. Next, it will be tabled in the Parliament for passing the bill and making it an Act. In essence, reduction of minimum balance to be maintained in the escrow account of a project has been reduced from 70% to 50%. This amount from the monies collected from the buyers must be placed in an escrow account within 15 days.

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