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Real Estate (Regulation and Development) Bill

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Importance of Regulatory framework and policies in Real Estate

The Real Estate industry is one of the prime drivers of growth of our economy and a key contributor to its GDP growth. Besides, it is second only to the agricultural sector in employment generation. However, despite the tremendous growth in Real estate sector, it is still quite unorganised without proper regulations being implemented to […]

ranjan.j

Real Estate Regulatory Bill: What it means for Buyers? Part 1

Regulation Bill Provides Scope for Development of Real Estate Sector

The present economic condition in the country has led to interest for an improved real estate sector nationwide. The Finance Bill of 2012 took into account the rising interest for business, private and retail real estate, and had proposed introducing certain changes in the Income Tax Act (ITA). The idea behind proposing these changes was […]

karthik.k

Real Estate body presses for use of Domestic materials by Developers

With the rupee constantly depreciating against the US dollar in recent times, serious concerns have been raised by National Real Estate Development Council (NAREDCO), an autonomous self-regulatory body under the control of the Ministry of Housing and Urban Poverty Alleviation. In a move aimed at appealing to developers, it recommended the use of construction materials […]

ranjan.j

Need for a ‘single window approval’ system in real estate grows

Real estate projects in India are mostly facing delays in completion due to the existing prolonged system of seeking approvals. In general, developers have to seek over thirty clearances to land a residential project, which in our system, takes few years to obtain. To overcome this issue and make the process simpler, it is necessary […]

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