RERA to Safeguard New Home Buyers’ Interests

With the Cabinet approval of the Real Estate (Regulation and Development) Bill, 2015 things like project delays and realty corruption could be a thing of the past. The Union Cabinet approved of nearly 20 amendments in the Real Estate Bill, the chief among them being the creation of an escrow account where

Cabinet Approves Real Estate Bill; Hope Afloat for Indian Realty

In some good news for the real estate sector of India, the Union Cabinet approved the Real Estate (Regulation and Development) Bill late on Wednesday. This has set in motion a new wave of hope and positivity for the realty sector as this bill will provide protection to the home buyers along

Rental Housing has a Huge Potential in India says M. Venkaiah Naidu

In a declaration supporting the rental housing segment in the country, M. Venkaiah Naidu, the Home and Urban Poverty Alleviation Minister, stated that promoting the rental housing stock in the country was imperative as the segment withholds within it a huge potential for the real estate market of the country. He further

Residential Segment under Private Equity Funds’ Spotlight

According to the property consultant Jones Lang LaSalle (JLL), private equity firms are recording a significant change in their pattern of investment, shifting their focus from diversified funding to the residential segment. During the period of 2007-2008, PE investors made every possible effort to invest in the Indian economy and its real

FDI in Real Estate Industry: The Impacts

Indian real estate has been dealing with the problem of cash crunch from past many months. This toughened situation for developers might ease with the central government’s new decision to ease the FDI in crisis-struck real estate sector. Property experts share an opinion that this move by the government will lead to

India Records Highest Office Space Leasing in Asia-Pacific

According to a report released by Jones Lang LaSalle, office space leasing in India was recorded at the highest in the entire Asia-Pacific region. These figures are reflective of the office space leasing in the quarter ended September, 2015. Office space leasing in India touched a whopping $ 1 billion for the

Single Window Clearance to Come In Existence by November 30, 2015

Single Window Clearance system has lately gone through a series of considerations and analysis by Urban Development Ministry. The government has now announced that the same will be worked upon as early as November, 2015. The system has long been demanded by the real estate developers, who presently need to get approvals

Demand for Office Spaces on the Rise

The commercial segment of Indian realty is finally witnessing signs of recovery as property developers are showing an increased interest in office spaces. The demand for office spaces has rocketed so much so that developers are already facing a supply constraint in ‘Grade A’ office spaces. This is because ever since the

Smart City Plans Not To Be Entertained After December 15, 2015

The Union Urban Development Ministry has declared that it will not entertain any submissions for Smart City plans after December 15, 2015. The same must be submitted to the ministry by concerning urban local bodies on or before the asserted date. The announcement was made during a meeting of ministry officials with

India’s Smart City Initiative to receive 2 Billion Euros from France

At a seminar organised by FICCI in association with Embassy of France in India and Ministry of Urban Development, French ambassador in India, Francois Richier announced France’s commitment of investing more than 2 billion euros to support the smart city initiative in the country. The seminar was on ‘Towards Smart and Sustainable