Search Result for : Real Estate Bill

The Dollar Business Bureau The top five hotspots for residential property investment in the country today are Mumbai, Bengaluru, Hyderabad, Ahmedabad and Chennai. These cities are more or less regulars on most hotspots lists, but there is a sound rationale behind their consistent performance year after year. Not only are these cities attracting new businesses and industry, their respective governments are also investing resources in building adequate infrastructure to attract capital opines Ashwinder Raj Singh, CEO – Residential Services, JLL India. With their local economies growing, the influx of talent and skilled workforce into these cities is inevitable, and this naturally results in increased demand for residential properties. Also, the earlier slowdown in the economy and glut in the real estate sector ...

The Dollar Business Bureau  Both houses of the parliament- Rajya Sabha and Lok Sabha have cleared the Real estate FDI bill. The bill will help gain extra FDI in the real estate sector and also provide consumer protection, which wasn’t the case earlier. The real estate bill will increase foreign direct investment as it works towards strengthening transparency, information in the public domain, accountability and responsibility for developers and also provide consumer protection. During the first nine months of the present year, the foreign direct investment equity inflow in construction development dipped by 84% as against the same period of last FY. Both houses of parliament- Rajya Sabha and Lok Sabha have cleared the real estate bill last week. Minister of ...

Jayarama Emani | The Dollar Business By giving approval to amendments to the Real Estate (Regulation and Development) Bill, 2013 pending in the Rajya Sabha, and approved amendments proposed in the Bill, the government is expecting to boost the domestic and foreign investment in the sector and achieve the objective of ‘Housing for All by 2022’, through enhanced private participation. However, C Shekar Reddy, the immediate past National President of The Confederation of Real Estate Developers Associations of India (CREDAI) feels that certain sections of the Bill neither help the builders nor the consumers leading to unwarranted cost escalation. Talking to The Dollar Business, Reddy said, “Certain provisions in the Bill like – establishment of one or more ‘Real ...