The Centre will notify the rules of the Real Estate Act soon, moving another step toward operationalising the legislation which seeks to regulate the housing sector, bring transparency and help protect consumer interests.
Mumbai-based Hiranandani Group has signed a deal to sell its commercial assets in Powai to Canada-based Brookfield Asset Management for 1 billion dollars (Rs 6,700 Crores), making this one of the largest commercial property deals made in the country. Confirming the development, sources inside the Hiranandani group told NDTV that a confidentiality clause was in
The Centre has finalised rules for the Real Estate (Regulation and Development) Act, which will be communicated to the states soon, allowing them to set up regulators for the sector, Union Urban Development Minister M Venkaiah Naidu said on Monday. Parliament had passed the bill in March, to regulate the real estate sector, bring transparency
As the real estate slump takes its toll, investors who played a major role in keeping the market afloat have disappeared, leaving only end users who are reluctant to buy. Add to this government manipulation of circle rates and even the most resilient property markets are showing signs of stress. The Delhi property market has