Real Estate Regulation And Development Bill

The government has brought in the legislation to protect home buyers and encourage genuine private players.

The Real Estate Act is touted as a major reform measure to regulate the vast real estate sector and bring order in it.

The Real Estate Bill can bring greater credibility to the sector through more transparency as well as accountability and could encourage flow of FDI (foreign direct investment) funds into the market, a report by global financial services firm Nomura has said.

Realty developers and consultants on Thursday hailed passage of the regulatory bill in the Rajya Sabha, saying the law would bring credibility to property business and protect consumer interest but felt that some of the provisions like imprisonment were harsh.

Rajya Sabha today passed the Real Estate Bill, aimed at protecting home buyers from real estate developers who fail to deliver on time, and regulating India's murky real estate sector.

Encouraged by signals that the Congress will cooperate, the government has fast-tracked a proposal aimed at protecting home buyers from real estate developers who fail to deliver on time, and regulating India's murky real estate sector.

Property prices fell by an average one per cent in the Delhi-NCR during October-December period compared with the previous quarter on higher supply, according to a report by property portal 99acres.com.

The Union Cabinet on Wednesday approved amendments to the Real Estate Bill, which was first proposed in 2013. The Bill will now be taken up for consideration by the Parliament. The provisions of the Bill are aimed at protecting buyers and bringing in transparency in the sector.

The Cabinet's approval to the revised Real Estate (Regulation and Development) Bill, 2015 led to a rally in real estate stocks on Thursday. Analysts said the passage of the Bill, which covers both residential and commercial real estate, could lead to a re-rating of the domestic real estate sector.

The government on Wednesday reached out to the Opposition including the Congress by agreeing to incorporate in the Real Estate (Regulation and Development) Bill 2015, a provision requiring real estate developers to deposit 70 per cent of the project cost in a separate escrow account.

According to a report by ZyFin Research titled 'New Home Purchase Sentiment Index', the regulatory changes including the recent Cabinet approval to the Real Estate Bill (Regulation and Development) are also expected to boost home buyers' sentiment further.

After taking the battle to the NDA government on the land acquisition bill, during which he branded the government as 'pro-rich' and 'pro-corporate', Congress vice president Rahul Gandhi has now accused the government of being 'anti-middle class'.

The government is considering introducing the Real Estate Development and Regulation Bill in the coming session of Parliament, Union Urban Development Minister M Venkaiah Naidu said on Saturday.

The Cabinet has amended a bill to regulate the real estate sector, protect home buyers and curb undeclared "black money" in property markets that costs the exchequer thousands of crores in lost taxable income.

The cabinet has amended a bill to regulate the real estate sector, protect home buyers and curb undeclared "black money" in property markets that costs the exchequer thousands of crores in lost taxable income.

The government has brought in the legislation to protect home buyers and encourage genuine private players.

The Real Estate Act is touted as a major reform measure to regulate the vast real estate sector and bring order in it.

The Real Estate Bill can bring greater credibility to the sector through more transparency as well as accountability and could encourage flow of FDI (foreign direct investment) funds into the market, a report by global financial services firm Nomura has said.

Realty developers and consultants on Thursday hailed passage of the regulatory bill in the Rajya Sabha, saying the law would bring credibility to property business and protect consumer interest but felt that some of the provisions like imprisonment were harsh.

Rajya Sabha today passed the Real Estate Bill, aimed at protecting home buyers from real estate developers who fail to deliver on time, and regulating India's murky real estate sector.

Encouraged by signals that the Congress will cooperate, the government has fast-tracked a proposal aimed at protecting home buyers from real estate developers who fail to deliver on time, and regulating India's murky real estate sector.

Property prices fell by an average one per cent in the Delhi-NCR during October-December period compared with the previous quarter on higher supply, according to a report by property portal 99acres.com.

The Union Cabinet on Wednesday approved amendments to the Real Estate Bill, which was first proposed in 2013. The Bill will now be taken up for consideration by the Parliament. The provisions of the Bill are aimed at protecting buyers and bringing in transparency in the sector.

The Cabinet's approval to the revised Real Estate (Regulation and Development) Bill, 2015 led to a rally in real estate stocks on Thursday. Analysts said the passage of the Bill, which covers both residential and commercial real estate, could lead to a re-rating of the domestic real estate sector.

The government on Wednesday reached out to the Opposition including the Congress by agreeing to incorporate in the Real Estate (Regulation and Development) Bill 2015, a provision requiring real estate developers to deposit 70 per cent of the project cost in a separate escrow account.

According to a report by ZyFin Research titled 'New Home Purchase Sentiment Index', the regulatory changes including the recent Cabinet approval to the Real Estate Bill (Regulation and Development) are also expected to boost home buyers' sentiment further.

After taking the battle to the NDA government on the land acquisition bill, during which he branded the government as 'pro-rich' and 'pro-corporate', Congress vice president Rahul Gandhi has now accused the government of being 'anti-middle class'.

The government is considering introducing the Real Estate Development and Regulation Bill in the coming session of Parliament, Union Urban Development Minister M Venkaiah Naidu said on Saturday.

The Cabinet has amended a bill to regulate the real estate sector, protect home buyers and curb undeclared "black money" in property markets that costs the exchequer thousands of crores in lost taxable income.

The cabinet has amended a bill to regulate the real estate sector, protect home buyers and curb undeclared "black money" in property markets that costs the exchequer thousands of crores in lost taxable income.