Sunday, January 20, 2013

Centre to introduce Real Estate Regulatory Authority Bill

by Paul Joseph January 20, 2013 Uncategorized

NEW DELHI: Withstanding objections from real estate bodies and industry pressure groups against the proposed Real Estate Regulatory Authority Bill, the housing and poverty alleviation (HUPA) minister Ajay Maken, on Tuesday, said the bill will be introduced before parliament during the Budget session. Earlier in the day a joint consultation meeting was held by Maken and urban development

Tagged as: budget, copyright, development, economy, friends, homes, india property, industry, real estate india, sports

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13 insights for India real estate in 2013

by Paul Joseph January 20, 2013 Uncategorized

The year 2012 closed with a few notes of positivity as the inflation was below the Reserve Bank of India’s (RBI’s) projected levels and the Index of Industrial Production (IIP) growth increased in the last two months of the year, giving new hopes for 2013. The year 2012 closed with a few notes of positivity as the inflation was below the Reserve Bank of India’s (RBI’s) projected levels and

Tagged as: apartments, article, development, economy, facebook, friends, gadget, health, india, real estate, real estate india

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The ‘Second Class’ Gurgaonites: The Unauthorised, Restricted, Forgotten And Ignored

by Paul Joseph January 20, 2013 Uncategorized

The chasm is growing – some of it historical, some by law, and some by intent (or no action). Almost a third of the residents of this City are ‘not recognised’ – they live in ‘unauthorised colonies’, ‘restricted areas’, villages and slums. They constitute the lower middle class and the under-privileged in the City. Their colonies are deprived of the most basic of civic services – of water and power connections, of sewage, of roads, of streetlights. And this has been the status for years – and even decades, in some cases. Even the better areas of the City have poor civic infrastructure, amenities and services. The ‘unauthorised’ and ‘restricted’

Tagged as: budget, civil-war, construction, development, family, gurgaon, house, kids

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UT’s 2 yardsticks to deal with misuse of resumed buildings

by Paul Joseph January 20, 2013 Uncategorized

When it comes to dealing with resumed buildings in the city, which continue to flout building byelaws and misuse the premises with impunity, UT officials seem to have different approaches to deal with the menace. Recently, the UT Estate Office, while taking a strong stand against the growing menace, had issued around 37 notices under Section 10 of the UT Estate Office rules, levying heavy penalties on violators, including jewellers in Sector 22, hoteliers in Sector 35 and owners of SCOs (shops-cum-office) in Sector 17. The notices were issued to Hotel G K International Sector 35, Hotel Kaptain Retreat, Hotel Park Inn, Hotel Regent, Hotel Monark, Hotel Orange and Hot

Tagged as: apartment, banking, chandigarh, city, estate-office, finance, gurgaon, loans, office-space, real estate india

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Work On Haryana Metro Soon

by Paul Joseph January 20, 2013 Uncategorized

[via India Properties - Real Estate India - Indian Property News Site] Follow us @propertyheat – lists / @sectorheat

Tagged as: banking, budget, delhi, finance, gurgaon, news, nri, office-space, real estate india

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Dharuhera: Gateway to growth

by Paul Joseph January 20, 2013 Uncategorized

Dharuhera, a satellite city, lies at a distance of 30 km from Gurgaon. This city is emerging as the next realty destination over the last few years. Located in Rewari district of Haryana, it is very strategically located on the junction of NH-8 and SH-28 leading to Palwal. This city is the gateway to the Delhi-Mumbai Industrial Corridor. DMIC is a mega infra-structure project spanning 1,483 km being developed at a cost of $90 billion with financial and technical assistance from Japan. Dharuhera has the industrial zones of Bhiwadi, Manesar, Bawal and Neemrana in close proximity. Several multinational corporations like Hero Honda, Delphi Automotive Systems, India’s biggest dairy plant Amul,

Tagged as: banking, chandigarh, delhi, dharuhera, finance, news, office-space, other city, range

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Can encroachers be removed?

by Paul Joseph January 20, 2013 Uncategorized

Abhijit Biswas, a software engineer living in the US for the past few decades decided to take his mother along with him for better medical attention. He locked up his ancestral house in Kolkata with plans to renovate it subsequently and give it out on rent. A few months later when he came back to India for getting the renovation work done, to his surprise the house had been turned into a club house by local goons. This is a common situation for many NRIs who are unable to physically look after their properties back home. How it takes place Local mafia can encroach into vacant property and may even

Tagged as: apartment, banking, brokers-india, budget, chandigarh, gurgaon, house, india, loans, real estate india

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Realty regulation Bill to be tabled in Budget session

by Paul Joseph January 20, 2013 Uncategorized

New Delhi: The much-awaited Real Estate Regulation Bill, which aims to establish a regulatory authority for enforcing fair practices, accountability and fast-track dispute resolution mechanism regarding real estate transactions, will be tabled in Parliament in the Budget session. The Bill, piloted by the housing ministry, proposes penalties on real estate developers for violations of “fair practices”. It will also make it mandatory for the industry to use only “carpet area” for the pricing of properties. This means that terms like super area, super built-up area that the developers use to lure buyers at present will not be allowed. Consumer bodies have protested against these misleading terms. The housing ministry has

Tagged as: banking, brokers-india, budget, delhi, gurgaon, housing, real estate, real estate developers, real estate india

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Increase in circle rates good or a huge dampener to the realty sector

by Paul Joseph January 20, 2013 Uncategorized

The increase in circle rates came as a huge dampener to the realty sector in 2012. But what is the real implication of this raise for homebuyers: is it a curse all the way or could it be a blessing in disguise. Real estate properties are registered at circle rates. Circle rates were introduced in July 2007 only and the capital was divided into eight categories. This is the minimum valuation at which properties are registered with the government. Recently, the circle rates were raised in Delhi in the range of 20-200 per cent across different categories of properties in the city. Category A localities of Vasant Vihar, Shanti Niketan,

Tagged as: city, delhi, development, finance, legal, news, real estate

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Home fashion and you

by Paul Joseph January 20, 2013 Uncategorized

On her visit to India last year, the globally eminent trend forecaster Lidewij Edelkoort prophesied there would be a going back to nature and its goodness. So if star diets and organic foodoholics are to be believed, if fashion is paving the way for materials rich in textures, home décor too is on that bus. From lighting trends and décor products, bath fittings to kitchen gadgets, furniture and upholstery these lifestyle choices seem to be making quite a statement. Naturals: “Heavy silks and linen are growing popular depending on the occasion and season. Silk drapes can be reserved for formal occasions while linen would give a casual feel,” says Mandeep

Tagged as: banking, europe, fdi, finance, geometry, indian, italian, nri

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