Diabytes
Real Estate Bill News
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Concerned over the rising land cost, realty experts believe that growth in infrastructure development will result in bringing the prices down.
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Housing sales fell 2.2 percent to 1.58 lakh units in seven major cities last fiscal, but the market is expected to improve by next March on the back of lower interest rates and fall in prices, says a report.
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The total area of home that comes under single roof is called covered area.
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The Real Estate (Regulation and Development) Act, 2016 has been notified and will come into force from May 1, 2016.
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Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.
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Everything from cost, carpet area, construction material, locality, safety, builder's track record and miscellenous things matter a lot.
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The Real Estate (Regulation and Development) Bill is designed to protect consumer interest, ensure efficiency in all property-related transactions, improve accountability of developers, boost transparency and attract more investments to the sector.
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Chronology of events leading to the passage of Real Estate Bill by Parliament on Tuesday.
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The Real Estate Bill would prohibit unaccounted money from being pumped into the sector and as now 70 percent of the money has to be deposited in bank accounts through cheques.
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The Real Estate Bill is likely to be tabled in Lok Sabha on Tuesday for consideration and passing as only three working days are left in the first half of the Budget Session.
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The Real Estate Bill was passed by the Rajya Sabha last week.
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The Real Estate Bill can bring greater credibility to the sector through more transparency as well as accountability and could encourage flow of FDI funds into the market, a Nomura report says.
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Know! How the Real Estate Bill will affect home buyers...
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Chronology of events leading to the passage of Real Estate Bill in Rajya Sabha on Thursday.
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