REAL ESTATE

  • Rahul Gandhi likely to protest with home buyers against Real Estate Bill at Jantar Mantar today 6 hours 50 minutes ago

    New Delhi: Keeping up his combative stance on new Real Estate (Regulation and Development) Bill proposed by the Bharatiya Janata Party-led National Democratic Alliance government, Congress Vice President Rahul Gandhi is likely to protest with home buyers at Jantar Mantar in the national capital on Monday. Earlier, he met organisations...
  • Rahul Gandhi reaches out to middle class, assures support against Modi government's Real Estate Bill 2 days ago

    New Delhi: After wooing farmers and youth, Congress Vice President Rahul Gandhi is making an attempt to reach out to the middle-class by taking up the issue of New Real Estate Bill and branding it anti-consumers. Rahul met organisations representing home-buyers at the Congress headquarters on Saturday and assured them of...
  • No 'love' lost between Venkaiah Naidu and KC Tyagi in Rajya Sabha 4 days ago

    New Delhi: Parliamentary Affairs Minister M Venkaiah Naidu and Rajya MP KC Tyagi on Wednesday shared some lighter moments in Rajya Sabha amid a reference to parting of ways by Bharatiya Janata Party and Janata Dal United in 2013. The two parties have separated breaking their 17-year-old relationship then as Bihar...
  • Cabinet approves long-pending amendments to Real Estate Bill April 7, 2015

    New Delhi: Paving the way for regulation of realty business, the Union Cabinet on Tuesday approved amendments to the long-pending real estate bill to bring under its ambit commercial and all ongoing projects as also brokers, while safeguarding consumers. While Bill already provides for strict penalties including jail for errant builders,...
  • Union Budget 2015: Homemakers want low inflation & simple investment options February 24, 2015

    Though Finance Minister may find it difficult to offer a balanced budget for the nation, home-makers are doing that tough job at home almost every month. Given high inflation in recent times in consumer goods there is not much money left in the hands of the home-maker and still she...
  • Union Budget 2015: Cut loan interest rates for 1st time buyers to 6-7 per cent, says Raheja February 24, 2015

    Given the government's big promises of providing housing for all by 2022, sources say Budget 2015 could see a hike in the rebate offered on home loans. In an interview to CNBC-TV18, Navin Raheja, chairman and managing director, Raheja Developers says the government would work at giving more disposable income...
  • Realtors seek tax sops, lower rates for home buyers in Budget February 19, 2015

    New Delhi: The real estate industry on Thursday sought more tax incentives and lower interest rates for the home buyers in the upcoming Budget to revive demand. Besides, it sought infrastructure status for housing. Addressing a real estate conference organised by RICS, CREDAI President (Elect) Getamber Anand said the government...
  • Housing demand to pick up in 6-8 months: Report October 14, 2014

    New Delhi: Housing sales have remained lower than expected so far during the current festival season mainly due to high interest rates and the demand is likely to pick up only in the next 6-8 months, according to a report by Knight Frank and Ficci. Property consultant Knight Frank and...
  • Government asks realty firm to focus on building homes for LIG/EWS September 29, 2014

    New Delhi: Real estate developers should focus on addressing the housing demand of lower income group and economically weaker section, a senior government official said on Monday. Addressing a real estate conference, Ministry of Housing & Urban Poverty Alleviation Joint Secretary Karan Bir Singh Sidhu said that there is shortage...
  • Licencing to revamp the face of real estate industry August 25, 2014

    New Delhi: Real estate sector is sought after its high investment return but its tarnished image has been portraying a shadowed reputation for ages now. Several customers have been duped by brokers on numerous occasions like value of a credit note, inflated discount rates, interest rates etc. The unprofessional environment...
  • SIT report on black money pushes for overhaul of tax treaties with different countries: sources August 20, 2014

    New Delhi: The Special Investigation Team report on black money is likely to be submitted to the Supreme Court on Wednesday. Top sources have told CNNIBN that the report has pushed for a major overhaul of tax treaties with different countries. According to sources, the report says that countries like Mauritius...
  • Arun Jaitley asks SEBI to guard against market violations August 10, 2014

    New Delhi: Finance Minister Arun Jaitley on Sunday asked market regulator Securities and Exchange Board of India (Sebi) to be vigilant against possible market violations, while focusing more on attracting retail investors and addressing their grievances. "The minister advised Sebi to remain vigilant about probable violations in the market, focus more...
  • Chennai building collapse brings out major flaws in regulation of multistorey buildings July 4, 2014

    Chennai: Seven days on, the death toll in the Chennai building collapse has now climbed to 61 and even as the city comes to terms with this tragedy, CNNIBN finds out that there is a bigger problem at hand. There are major flaws in the regulation of multistorey constructions in...
  • Internet influencing real estate decisions worth $43billion: Google June 18, 2014

    New Delhi: As more Indians log online to seek information before entering into property deals, Internet today is estimated to be influencing decisions worth about $43 billion, search engine giant Google said. According to a study commissioned by the USbased firm, over 50 per cent of real estate buyers' decisions are...
  • Blow for Sahara, request for house arrest of Subrata Roy rejected May 29, 2014

    New Delhi: There is no relief for Sahara group chief Subrata Roy. The Supreme Court on Thursday rejected the idea of putting Roy under house arrest for the time being. The apex court has directed the Sahara group to get valuation of three properties which have been mortgaged with the...
  • CJ Show: Buyers cheated by Faridabad's top builder March 2, 2014

    CJ Manoj Kumar and hundreds like him in Faridabad have been duped by a builder after they had booked their flats with them. After approaching everyone, Manoj has now picked up the CJ mike to expose the malpractice by the buyer. ...
  • 7 new pending Bills You Should be Aware Of in 2014 January 23, 2014

    1. The Real Estate (Regulation and Development) Bill, 2013 The real estate sector is largely unregulated. There is lack of standardisation, transparency and consumer protection. Introduced in August 2013, this Bill deals with residential real estate, and looks into the transactional (buying and selling) aspect of the sector; it...
  • 4 investment segments to watch in 2014 January 16, 2014

    1. Real Estate The year 2013 was not really great when it came to investing in real estate. Prime areas in Mumbai actually saw a fall of around 10 percent, while the suburbs managed to maintain the price range. Real estate is a difficult business to understand. Since developers are...
  • Sebi board approves new norms for exercise of enhanced powers December 24, 2013

    To ensure greater efficacy in exercise of its new powers, market regulator Sebi's board on Tuesday cleared new norms for its search and seizure operations, settlement proceedings, refund to investors and crackdown on illicit moneypooling schemes. The new norms also seek to ensure that sufficient safeguards are put in place to...
  • Architects of change: 'Real estate sector has drastically changed' December 2, 2013

    Over the last two decades the Indian real estate sector has gone from being disorganised, fragmented and poorly governed to an organised, transparent industry with global standards, that caters to every need and range. Not only that the sector has favourably contributed to the economy, created jobs, and spaces that...
  • Indian economy grows by 4.8 per cent in Q2 November 29, 2013

    New Delhi: After sluggish growth in the first quarter, Indian economy grew by 4.8 per cent in the second quarter this fiscal due to improved performance of farm, manufacturing, construction and services sectors. The country's gross domestic product (GDP) had expanded by 4.4 per cent in the AprilJune quarter of this...
  • BlackBerry looking at real estate sales to raise money: Report October 3, 2013

    Toronto: Struggling Canadian smartphone maker BlackBerry Ltd may sell some of its real estate to raise money, the Globe and Mail newspaper said on Wednesday. Citing sources it did not identify, the Globe said BlackBerry had asked real estate companies to "outline ideas to generate the largest possible return in as...
  • UP ranks highest in new investments in real estate sector: ASSOCHAM September 30, 2013

    UP has been ranked top with maximum share of about 40 per cent in the new investments attracted by real estate sector among top 20 states across the country during the first quarter of current fiscal, industry body ASSOCHAM said on Monday. Interestingly, the total new investments in real estate sector...
  • Real estate company paid for burqas for BJP's 'Mahakumbh': Digvijay Singh September 24, 2013

    Indore: Congress General Secretary Digvijay Singh on Tuesday alleged that the ruling BJP had got 10,000 burqas stitched for its 'Karyakarta Mahakumbh' to be held in Bhopal on Wednesday, for which director of a real estate had paid Rs 42 lakh to the tailor. "In order to purchase 10,000 burqas for...
  • Difficult to believe that Sahara refunded money to investors, says SC August 13, 2013

    New Delhi: The Supreme Court on Tuesday said it is "extremely difficult" to believe Sahara group's contention that it had refunded Rs 22,000 crore to its investors even before an order was passed directing its firm to deposit Rs 24,000 with SEBI. Sahara group, which faced tough time in convincing...
  • Subrata Roy not liable for refunding Rs 24,000 crore: Sahara to SC August 6, 2013

    New Delhi: Sahara group on Tuesday told the Supreme Court that its chief Subrata Roy is not liable for refunding Rs 24,000 crore collected by its two firms from investors, countering the arguments of SEBI which wanted his passport to be impounded till the contempt plea against him and companies...
  • Supreme Court to hear SaharaSEBI case today August 6, 2013

    New Delhi: The Supreme Court is set to take up the SEBISahara case again on Tuesday. On July 30, SEBI had made a forceful plea to punish Sahara chief Subrata Roy along with his two firms and their directors for not complying with its order for refunding Rs 24,000 crore...
  • Supreme Court adjourns SEBISahara case hearing to August 6 July 30, 2013

    New Delhi: SEBI on Tuesday made a forceful plea to the Supreme Court to punish Sahara chief Subrata Roy along with his two firms and their directors for not complying with its order for refunding Rs 24,000 crore to investors. Refuting the contention of Roy who had submitted that he cannot...
  • What the Real Estate Bill means for home buyers June 5, 2013

    CNNIBN speaks to Kartik Varma, cofounder of PropTiger.com on how the bill is likely to benefit the home buyers. ...
  • Cabinet approvesReal Estate Regulator Bill June 5, 2013

    New Delhi: Cabinet has approvedthe Real Estate Regulator Bill to prevent arbitrary and false claims by the builders while advertising and selling flats and houses. According to the bill, builders have to register all their projects with the state regulatory authority and must deliver the projects within the stipulated period. There...