Realty Bill News
Mahindra group's realty firm Mahindra Lifespace Developers Ltd on Thursday reported over five fold jump in consolidated net profit at Rs 32.17 crore for the quarter ended September 30, 2016 and will raise up to Rs 300 crore through rights issue.
The long pending Real Estate Bill is listed for passage in Rajya Sabha at 2 pm on Thursday.
The Rajya Sabha select committee, which has been appointed to look into the Real Estate Bill, Thursday invited suggestions from public and other stakeholders as also experts.
Real estate market, particularly Delhi-NCR, has been facing a huge delay of 6-7 years in project completions, which in turn has affected the buyers' interest also.
Realty stocks Tuesday gained up to 5 percent after the Union Cabinet approved amendments to the long-pending real estate bill, paving the way for regulation of the sector.
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