PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: Gujarat Keeps Its Deadline With Real Estate Act

Loading video...

Description

Realty News Roundup is PropGuide’s selection of the day’s top stories from the real estate sector.

All states, except Gujarat, missed the October-31 deadline to operationalise the Real Estate (Regulation and Development) Act, 2016, which seeks to protect homebuyers’ interests. Meanwhile, the Urban Development Ministry notified the rules for Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman and Diu and Lakshadweep. Under the revised guidelines for these union territories, real estate developers will now have to provide additional information to buyers about ongoing projects and deposit 70 per cent of the unused funds in a separate bank account to ensure project completion. For Delhi, the rules will be notified later.

The 'Mangrove cell' of the Maharashtra government will demolish around 1,000 houses in this week for encroaching notified mangrove areas in Mumbai. The state forest department has already razed 4,000 illegal houses, which had encroached upon the government land.

The ambitious makeover of Gurgaon’s Golf Course Road into a 16-lane, signal-free expressway connecting the Shankar Chowk with Sector 55/56 will miss its second deadline, and it may not be ready till the middle of next year.

To mop up revenue, cash-strapped Haryana Urban Development Authority (Huda) will for the first time auction residential plots in the city and allot them to the highest bidder. Earlier, the development authority used a lucky-draw policy for doing this. The present move is aimed at generating higher revenue. 

Tags: Gurgaon, Delhi, Mumbai, Chandigarh, Video


Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

#RealtyNewsRoundup: Huda To Tweak Payment Policy Of Properties Sold In Auction

Here are today's top news stories from the real estate sector.

October 12 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Centre May Notify Real Estate Act Rules Within 10 Days

Here are today's top news stories from the real estate sector.

October 10 2016

+ Click Here To Read This Article

Unsold Inventory: Learnings From PropTiger Q2 Report FY'16

Unsold inventory in major Indian cities have been declining, quarter by quarter.

November 10 2015

+ Click Here To Read This Article

Why Real Estate Is So Expensive In Mumbai

In India’s most prosperous city, half the population live in slums. In Savills' top 12 most expensive cities in the world, Mumbai was the cheapest city to live in. Yet, why is real estate in Mumbai the most expensive real estate is the world?

May 18 2015

+ Click Here To Read This Article

#RealtyNewsRoundup: Govt To Use Ghazipur Landfill Waste To Construct Delhi-Meerut Highway [Video]

Here are today's top news stories from the real estate sector.

December 02 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Sebi Relaxes Norms For REITs And InvITs

Here are today's top news stories from the real estate sector.

December 01 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Real Estate Act Finalised

Here are today's top news stories from the real estate sector.

October 04 2016

+ Click Here To Read This Article

Here are today’s top stories from the real estate sector.

The Income-Tax Directorates of Investigation have identified more than 400 Benami transactions up...

In Mumbai’s Nala Sopara, affordable property values have led to migrant population looking at...

Among the other possible reasons is a communication failure between the developers and the buyers...

The Goods And Services Taxes has clearned a proposal to charge a cess of 15 per cent on luxury cars...

The Union Cabinet has approved the Noida-Greater Noida Metro Rail project, covering a length of...

Here are some of the features that modern-day homebuyers look for in a luxury home.

PropGuide lists top four pockets of Pune that are a hit among high-net-worth individuals, planning...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

PropGuide simplifies complex real estate jargons for you.

Prime lending rate is the interest rate at which banks lend to its most credit worthy...

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query Here


Top