Kerala plans realty regulator
The Kerala Government has proposed to constitute a real estate regulatory authority to monitor and guide builders and developers in the State.
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Real estate bill may be tabled in Parliament
The Government is likely to introduce a bill in the monsoon session of Parliament to protect consumers’ interests against dubious operators in the real estate sector.
Real Estate Regulation Bill may be delayed
The proposed Real Estate Regulation Bill may be delayed.
Real estate bill to provide affordable housing
The government Friday said it is committed to providing affordable housing to all and that work is underway on a real estate regulation bill.
Real estate draft Bill revised to make it a central legislation
The contour of the Real Estate Draft Bill has been changed to make it a central legislation, a shift from it being a state matter earlier.
RBI for central registry to check home loan frauds
Fraudsters will soon find it difficult to dupe banks by mortgaging the same property with two lenders or selling mortgaged property.
Government keen to clean realty deals
The government is keen to clean realty deals and wants to crack down on money laundering. It wants a closer look at the real estate market, widely perceived to be the biggest sink of black money in India.
CREDAI on Mission Transparency
Addressing a press conference on Thursday, the newly-elected members of CREDAI National said the mission would give the real estate industry and all activities connected to it a fair image.
FM asks monitoring on realty companies into housing scam
In the immediate aftermath of the bribes for loan scam involving LIC Housing Finance, the Finance minister Pranab Mukherjee in conjunction with Dept of Financial Services asked for a complete monitoring of all the companies mentioned in the CBI case filed. All public sector banks, financial institutions and state owned insurance companies have been asked to examine their exposure to the 21 companies named by CBI in the housing loan scam, and give a subsequent compliance report.
Kumari Selja blames banks for discouraging affordable housing
Kumari Selja, Union Minister of Housing and Urban Poverty Alleviation & Minister of Tourism, has categorically blamed the banks for not facilitating the affordable housing. Inaugurating the 10th National Convention of National Real Estate Development Council (NAREDCO) at New Delhi the minister said the housing finance sector has witnessed a boom in the recent past due to favorable government policies.