Tag Archives: New Delhi

New Delhi- The real estate Bill, which had cleared all hurdles including parliamentary committee scrutiny and Cabinet approval, won’t be passed in the ongoing winter session of Parliament, delaying one of the government’s key reform initiatives. Facing formidable opposition in the Rajya Sabha and persistent disruptions, the government has decided against moving the amended Real Estate (Development and Regulation) Bill ...

Global rating agency Fitch today said the likely upturn in the country’s investment climate and reduction in interest rates will improve the property market by the end of March 2016 and provide relief to the debt-ridden developers. The agency said the property development sector (will) be a key beneficiary of reductions in housing loan interest rates by several domestic banks ...

The real estate industry in New Delhi is not enthused by the new and improved real estate regulatory bill. Builders and consultants in the industry feel that while it will bring in transparency into the system, some of its provisions may also open another window for corruption. The Union Cabinet approved the Real Estate Development and Regulation Bill late on ...