-The Times of India NEW DELHI: The Competition Commission of India (CCI) on Wednesday imposed penalty of over Rs 6,700 crore on 10 cement companies including ACC, Lafarge, Ultratech, Jayprakash Associates, Binani and their trade association the Cement Manufacturers Association (CMA) on charges of cartelisation in the sector. The information in the case was filed by the Builders Association of India against the cement firms and the CMA, alleging that they flouted...

-The Indian Express Housing activists say that a heavy reliance on private sector is the prime reason for poor pace of implementation of the PMAY New Delhi: A year after Prime Minister Narendra Modi launched the Pradhan Mantri Awas Yojana (PMAY) with the stated purpose of constructing two crore houses for the urban poor by 2022—at the rate of 30 lakh houses per year— merely 1,623 houses have been constructed so far. The...

-The Times of India NEW DELHI: Developers may have to pay 11.2 per cent interest to buyers for delay in handing over apartments and homes, according to draft rules unveiled by the government, a step seen as bringing relief to homebuyers reeling under the impact of delayed projects and mounting loan liabilities. The rules also say projects without a completion certificate will have to register with the Real Estate Regulatory Authority, to...

-The Times of India Mumbai: Sumit Kulkarni puts on a surgical mask before entering the sprawling Annabhau Sathe Nagar slum in Mankhurd along with his team, equipped with wi-fi enabled tablets and high-resolution cameras, on a sultry afternoon recently. In a maze of narrow passages filled with a nauseating odour, gutter water and muck flow through the tightly-packed shanties. But Kulkarni and his young colleagues trudge along, knocking on every tin shed...

-The Indian Express The anti-discrimination clause will provide recourse to buyers who are denied a house by Builders owing to their caste, ethnic origin, gender, sexual orientation, dietary choices or any such factors. The Centre is set to introduce an anti-discriminatory clause in rules under the real estate Act to curb the practice of Builders refusing to sell their apartments based on a buyer’s religion, marital status or dietary preferences. The Real Estate...