-The Hindu It will be sent to the Union Cabinet for approval soon Property developers will no longer be able to lure buyers with advertisements making tall claims and with blown-up pictures of fancy living spaces. In fact they will no longer be able to publicise their projects unless they have all the requisite permissions for construction, the Real Estate (Regulation & Development) Bill-2011 has proposed. The Bill, which will be sent to...

-The Hindu Thousands of acres of uncultivable forested hills in Haryana, Gurgaon and Faridabad face the same prospect Gurgaon: Two decades ago when Sunil’s parents sold off 25 acres of their family’s share of land in the Mangar forests of Faridabad, they and other villagers thought the buyers were fools to buy it up because they were assured that they could continue to use it for grazing cattle and firewood. Today, 25-year-old...

-Outlook A new land acquisition bill readies for budget session. How will it fare? Bill Of Blights     Defines “public purpose” too broadly, allows govt to acquire land for PPPs     Less landowner consent required for PPPs than private-only projects     The bill’s compensation norms likely to face strict challenges in the courts     States have been given R&R powers but could lead to arbitrary outcomes     Doesn’t consider govt projects where compensation, R&R are neglected *** The...

-The Hindu Farmers are opting for the real estate option due to poor agricultural conditions Pushed by unsettling agricultural conditions and pulled by lucrative real estate deals, farmers across the famed and fertile Cauvery delta in Tamil Nadu are selling their lands to Real Estate Developers. In Amma Chatram, Marudhanallur, Tirunageswarm, Mathur, and in a host of other villages in Thanjavur and adjacent districts, farmlands are being converted to residential plots at...

-The Hindustan Times As both Houses of Parliament cleared the way foreign direct investment (FDI) in multi-brand retail, the mood of commercial Real Estate Developers, who were facing a tough time building and renting out malls, is expected to look up. A revival of investment plans is on the cards. The supply of rental spaces across India recorded a drop of 65% in 2012 from the previous year, according to a report...