Real Estate

  • Licencing to revamp the face of real estate industry 3 days ago

    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 CNN-IBN 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 multi-storey 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, CNN-IBN finds out that there is a bigger problem at hand. There are major flaws in the regulation of multi-storey 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 US-based 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 money-pooling 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 April-June 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 Sahara-SEBI case today August 6, 2013

    New Delhi: The Supreme Court is set to take up the SEBI-Sahara 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 SEBI-Sahara 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

    CNN-IBN speaks to Kartik Varma, co-founder of PropTiger.com on how the bill is likely to benefit the home buyers. ...
  • Cabinet approves Real Estate Regulator Bill June 5, 2013

    New Delhi: Cabinet has approved the 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...
  • Real Estate Bill will bring transparency in sector: Realtors June 4, 2013

    New Delhi: Hailing the Cabinet's approval of Real Estate Regulator Bill, realtors' body NAREDCO on Tuesday said the proposed law will bring transparency in the sector, while helping home buyers in redressal of their grievances. The Cabinet approved the Real Estate (Regulation and Development) Bill on Tuesday. It provides for setting...
  • News 360: Actress Jiah Khan found dead, boyfriend questioned June 4, 2013

    The film world woke up to some shocking news this morning as actress Jiah Khan was found dead in her apartment in Juhu, Mumbai. ...
  • Cabinet clears Real Estate Bill, discussion on Food Bill on Friday June 4, 2013

    New Delhi: The Cabinet on Tuesday cleared the Real Estate Regulator Bill, but did not take up the Food Security Bill, saying it will be discussed on Friday. Sources said the Congress is likely to push for an ordinance on the Food Security Bill, despite divisions within the government. While ministers...
  • Thane building collapse: Civic official arrested April 24, 2013

    Thane: With the arrest of a Deputy Municipal Commissioner of Thane Municipal Corporation on Wednesday night, the number of arrests in connection with the building collapse in Mumbra area has gone up to 22. DMC Srikant Sarmokdam, whose name was found in the diary of the builder (already arrested), was...
  • Karnataka polls: The real estate lobby and the richest candidates April 12, 2013

    Bangalore: The real estate lobby entered the Karnataka state politics in the late 90s. CNN-IBN takes a look at some of the richest candidates in the fray for this year's Assembly polls, many of them from the real estate business. Priyakrishna is the richest candidate in the fray and also one...
  • Subrata Roy, others to appear before Sebi today April 10, 2013

    Mumbai: In the high-profile refund case involving an estimated Rs 24,000 crore payment to over three crore investors, Sahara Group's chief Subrata Roy and other top executives will appear before the marget regulator Sebi on Wednesday. Sebi had summoned Roy and three other directors of two Sahara firms for personal...
  • Errant builder told to pay over 50 lakh to flat applicant April 10, 2013

    New Delhi: A builder who failed to start a Greater Noida residential project on time has landed in trouble as a consumer court in Delhi has directed him to pay compensation of Rs.3 lakh and refund the over Rs.49 lakh cost of a flat to a complainant. Delhi Consumer Disputes Redressal...
  • Guilty are bound to be punished in Thane building crash: GR Khairnar April 8, 2013

    About 74 people have lost their lives in the Thane building collapse, many others including infants and children have been grievously hurt. GR Khairnar, former municipal commissioner, Mumbai joined IBNLive readers for an interaction on whether the guilty will be made to face justice. Q. Will the...
  • Rs 55 cr and counting: SEBI's expense bill to Sahara April 7, 2013

    New Delhi: Market regulator SEBI has incurred initial costs of more than Rs 55 crore in its humongous task of facilitating Rs 24,000-crore refund to bondholders of two Sahara firms after verifying their credentials and Saharas would have to clear all these bills. The final expense bill of the Securities...