For Real Estate Projects: Single Window Clearance Portal..!

A committee under the housing ministry has recommended a technology-enabled single-window portal for streamlining the process of approvals for real estate projects that may help developers bring down home prices. The committee on streamlining approval procedures for real est…

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Post Dated Cheques For Home Loan EMI Would be Banned : RBI

Here is another surprise move from the Reserve Bank of India (RBI) for stopping acceptance of post-dated cheques (PDCs). PDCs are preferred by lenders such as Banks and Housing Finance Companies (HFCs)  as it is considered a “safe instrument” while banking public feels at ea…

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UPA Govt. Proposes Bill to Guarantee Housing For Rural Families..!

National Right to Homestead Bill, 2013 Just when the plaudits were rolling in for finance minister Mr. P. Chidambaram having avoided excessive spending on handouts in his budget, the UPA government has shown that it means business as usual. The proposed National Right to Hom…

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Single Window Approval Model for Real Estate Projects : Panel Suggests..!

A panel set up to streamline the approvals procedure for real estate projects has recommended the single-window clearance model in a report that does not have any inputs from the ministry of environment. Large real estate projects require clearances from the Airports Authori…

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One Property Card With All Data :Coming Soon..!

Urban Property Ownership Record..! Make sure you have all property documents in order before survey department officials knock on your doors for registration under Urban Property Ownership Record (UPOR) process. A first in India, the project seeks to streamline the ownership …

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DLF Ltd-CCI Case: COMPAT Expresses Concern Over Flat Buyers' Woes..!

Expressing concerns over difficulties faced by flat buyers in 2 DLF projects due to a long-pending anti-competition case, the Competition Appellate Tribunal ( COMPAT) has said payments made for possession of the flats would not adversely impact their rights after a final ord…

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Land Authority of India To Be Set Up..!

The union government is pushing a plan to set up a Land Authority of India that will take over all under utilised & unused government land and monetise them, leading to a windfall of an estimated about Rs. 1 lakh crore that can give succour to India's burgeoning fis…

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COMPAT Adjourns CCI - DLF Case Hearing to February 20, 2013

The Competition Appellate Tribunal ( COMPAT) recently adjourned the hearing till February 20, 2013 on DLF Ltd's appeal against Rs. 630 crore fine imposed by the fair trade regulator CCI (Competition Commission of India) for abuse of its dominant position. A 3 member COMPA…

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Real Estate Regulation Bill : Protect Interest of Property Buyers..!

With the Parliament in all likelihood set to discuss the Real Estate (Regulation and Development) Bill in the coming budget session, property buyers have much to cheer. According to major property experts,a strong legislation would put a restrain on unethical and unscrupulou…

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Andhra Pradesh Housing Board : 10% Quota for Low Income Group in Mega Housing Projects..!

Real estate developers can also purchase the mandatory EWS / LIG units developed by the Andhra Pradesh Housing Board with all amenities within 10 KM radius of the municipal corporations &  5 KM radius of other municipal bodies. * * The Andhra Pradesh government has affir…

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Competition Commission of India: Rejects Plea for Sanctions Against DLF’s New project

Competition Commission of India (CCI) has dismissed an appeal seeking anti-dominance sanctions against a new project of real estate major DLF Ltd, saying it will not entertain any such plea merely on the basis of penalties imposed on the company’s Belaire housing project. An…

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Tamil Nadu: Unauthorised Plots of Land Bought till 2007 May Get Approval..!

There's relief on the way for people who have bought plots of lands in unapproved residential lay-outs. Residential Plots Approval..! If the Tamil Nadu (TN) state government has its way, all residential plots registered before July 1, 2007 will be given approval after lev…

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Indian Real Estate Bill:Bring to Parliament in Budget Session..!

The Real Estate (Regulation and Development) Bill, which the government plans to bring to Parliament in the budget session, has been framed under provisions dealing with property transactions in the concurrent list of the Constitution that applies to states, making the prop…

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