Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Give Farmers Potential Land Value: DLF Chairman

Posted: 27 Jul 2011 08:21 PM PDT

DLF Chairman Kushal Pal Singh termed the ongoing farmer agitation over land acquisition a ‘revolution’ and said farmers whose land is acquired must be paid the potential value of their property and not merely the current market value. But the head of India’s largest real estate company said he was not in favour of retrospective [...]

Rate Hike will Decrease Housing Demand: JLL

Posted: 27 Jul 2011 08:14 PM PDT

The cost of construction in the country is set to go up, which in turn will adversely affect the demand for houses as a result of impending interest rate hikes by banks and finance companies after RBI hiked its key policy rates on Tuesday. “The sentiments are low in the real estate sector and any [...]

Govt Finalises New Bill on Land Acquisition

Posted: 27 Jul 2011 07:10 PM PDT

To take on the discontentment against land acquisition process, rural development minister Jairam Ramesh has cleared a draft bill for public comments. The minister’s land acquisition and rehabilitation bill will be up on the ministry website just a fortnight into his term at Krish Bhawan. The Bill proposes a compensation of more than six times [...]

Major Blow for Co-op flat Owners as SC Orders Individual Registration of Flats

Posted: 27 Jul 2011 06:06 PM PDT

Cooperative housing societies in Noida were dealt a major blow on Wednesday, as Supreme Court ordered individual registration of their flats as per the prevailing circle rates. According to the Uttar Pradesh stamp department, the judgment would affect around 15,000 flat owners and leave the government richer by roughly Rs 100 crore. A special bench of [...]

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