-The Times of India NEW DELHI: The Union Cabinet on Tuesday cleared a legislation to set up a long-pending real estate regulator aiming to protect home buyers from unscrupulous developers and builders. A real estate regulator - to be set up in every state - will ensure that private developers get all their projects registered with it before sale and only after obtaining all necessary clearances. "It will be mandatory for developers under...
More »SEARCH RESULT
Total Matching Records found : 84
In recent times, every scam’s trail has led to dubious deals in real estate -Ravi Teja Sharma & Viney Sharma
-The Economic Times NEW DELHI and CHANDIGARH: It is not without reason that the quintessential real estate firm has become the epicentre in all scams in India in recent times. From Satyam to 2G, Vadra to Saradha and now Railgate - every scam's trail leads to fraudulent investments and dubious deals in the real estate sector. Not only does the barely regulated sector allows rampant transactions in black money allowing scamsters...
More »SEBI digs deeper, chit scam gets bigger -P Vaidyanathan Iyer
-The Indian Express Kolkata: Saradha Realty Ltd, which has gone bust now, may be just the beginning of the unfolding of a deeply entrenched Ponzi scheme network involving dozens of other companies in West Bengal, some of which also wield considerable media power given their ownership of television channels and newspapers. According to information available with the union corporate affairs and finance ministries, six companies, against whom market regulator Securities and Exchange...
More »Development at the cost of farmers-BS Satish Kumar
-The Hindu Bangalore: Byatarayanapura Assembly constituency that was carved out from Yelahanka ahead of the previous Assembly elections has become a hot destination for Real Estate Developers. Its proximity to the international airport and the six-lane highway that passes through this constituency providing smooth connectivity to the central parts of the city have put real estate development on a fast track here. But this has unleashed its ugly impact as real estate...
More »Regulator for real estate likely soon -Mahendra Kumar Singh
-The Times of India Undeterred by stiff opposition from private developers and builders, the housing ministry is pushing hard to bring the real estate regulator bill, aiming to protect home buyers, in the current session of Parliament. Housing minister Ajay Maken on Sunday said the bill was expected to be brought up for consideration of the Cabinet soon before being introduced in Parliament. The government is looking to set up a tough regulator...
More »
