Report on Real Estate by Global Property Consultant CBRE

"The Indian real estate and construction industry is an integral part of the economy and plays an important role in the development of the country's infrastructure base and is one of the largest generators of economic activity," the report by global property consultant CBRE said.

Realty Plans of RCom

Reliance Communications (RCom) recently disclosed its plans to skim off its real estate assets into a new firm, Reliance Properties. For one, the valuation of Rs 12,000 crore, estimated by RCom, is based on current market prices, which may witness correction by the time the property comes to the market.

Gurgaon, a Real Estate Jewel

A real estate boom seems to be escalating up on the north of India, ages after Gurgaon appeared on the scene. Part of the Delhi National Capital Region (NCR) for long, Gurgaon is observed as a real estate jewel in the region, and is frequently quoted as an paradigm to imitate.

Delhi Census Houses

According to the NCR Planning Board’s revised regional plan 2021 report, Delhi has 1.23 crore census residential properties. The census residents mean the concrete structures, calculated during the census, used for purposes of residences, shops, offices, hotels and workshops.

Sheila Dikshit won’t Allow Construction of High-Rise Buildings

In a function organized by industry chamber Assocham, Chief Minister Sheila Dikshit agrees to the fact that eventually perhaps Delhi will need high-rise buildings but she said that she will not allow construction of high-rise buildings as long as she is “alive” as it will put additional stress on existing resources and infrastructure in the city besides severely impacting the ecology.

Real Estate (Regulation and Development) Bill 2013

The objective of the Real Estate (Regulation and Development) Bill is to produce a real estate regulator and an appellate tribunal that will perform as a supervisory body for the housing sector with an aim to safeguard the interest of the end users while crafting a substitute redress system for any disputes that may occur.

Another impetus from the Delhi Government: Branded Residences

Delhi Government has allowed five-star hotels to utilize 20 percent of its total built-up area for setting up a commercial and retail wing and apartments. Inhabitants of such apartments will be able to avail amenities like 24 * 7 caretaker & gatekeeper, valet parking and direct-dial access to the services of the Four Seasons hotel – which includes in-room dining and even a limousine service, available for a separate fee.

Aim of the Real Estate Regulatory Bill 2013

Provisions made in the RE Bill 2013 aims to regulate the activities of promoter such as at what phase promoter can advertize his project, restriction on collection of advances before the receiving the clearances from a regulatory authority. It also clearly explains the realty terms like super area, carpet area etc.