Real Estate Bill to be referred to the Select Committee on Wednesday

Much debate was seen over the Real Estate (Regulation and Development) Bill over the past few days. Congress party’s newly invigorated Vice President Rahul Gandhi strongly opposes the deal as he says that the Bharatiya Janata Party (BJP) is amending it only in favor of the builders. He considers it to be anti homebuyer and highly favors the builders. Rahul Gandhi also pulled out a last minute homebuyers protest on Monday.

The Rajya Sabha said that it would refer the bill to the select committee for discussion on Wednesday. The government also urged Rahul Gandhi to thoroughly study the proposed amendments before opposing it and starting a protest against it. But with the opposition gaining more power by the day, the House is trying to bring in more parties to support the bill so that they can pass it. [Read more...]

Gurgaon Master Planning Requires Due Attention of the Government

In the last 10 years, Mumbai and Gurgaon have been reported as the two highest contributors to the commercial real estate market of India. Recently after the withdrawal of the Mumbai Master Plan 2034, the planning of these two urban clusters has also been brought to attention. The former was withdrawn due to the lack of credibility and authenticity of the master plan data. Some really important planning issues had been overlooked in the Mumbai Master Plan.

If a flawed master plan is passed, it is the city and its dwellers who will have to pay in the long run. The municipal government has always given the least attention to the planning part. The high authorities and the bodies directly involved with the land interventions enjoyed a better part of the governance. These bodies include influential personalities like bureaucrats, developers associations and politicians. [Read more...]

Jan-Mar 2015 Report: Buyers Prefer Larger Homes over Smaller Ones

While affordable housing and low cost residential properties were all over the news in 2014 and early 2015, the demand for larger houses, much to everyone’s surprise, witnessed an upward movement. According to the reports of, the demand for plotted developments also increased in the first quarter of 2015.

The trends noticed by the real estate experts suggests that instead of going for a small one bedroom apartment for a very low price, buyers are inclined towards investing a little more into a larger home that gives perfect value for their money. People are searching for larger houses that can fit into their budgets. The trend was seen in the most active real estate markets like Noida, Gurgaon, Chennai and Bangalore. [Read more...]

France joins hands with India for Smart Cities, Railway and Space Research Projects

Prime Minister Narendra Modi’s France visit on April 10 proved to be very fruitful. As per reports, France will collaborate with India in the development of its smart cities. The country would also partner India in a study aimed at the upgradation of the Chandigarh-Delhi Railway Line and speeding it up to 200 km per hour. Renovation of Ludhiana and Ambala Railway Station has also been planned.

In his meeting with Modi, French President Francois Hollande expressed his keen interest in the list of smart cities to be developed in India. As a result, it was marked as the technical cooperation under the field of Sustainable Urban Development between India and France. The assistance from France would be a major help for the government of India in setting up self-sufficient smart cities in different parts of the country. These smart cities would also boost the residential and commercial real estate around these areas. [Read more...]

Is it Worthwhile to hire a Real Estate Agent?

propertynewsindia.in1  Is it Worthwhile to hire a Real Estate Agent?Is it worthwhile to hire a Real Estate Agent?

1. There are lots of Queries and Form-filling to Navigate

It is highly recommended to hire a real estate agent as soon as you plan to search a house. Post the enjoyment of going to open houses and looking through house advertisements, you’ll have an expert present to answer queries about working up your credit report and getting finance. The best part is you just need to appear for the house deal closing to only read and sign the authorized official papers arranged by the estate agent for you.

2. The Home’s Past Is Unknown

The factor that is important while buying a home without a real estate agent which we’ve seen frequently is the point the customer is not acquainted with the history of the particular property. But your realtor can help with the information. [Read more...]

Pros of Working with the Real Estate Agent

propertynewsindia.in1  Pros of Working with the Real Estate AgentBeing price sensible is a great way to plunge into home ownership. Almost 20 percent of property holder nose-dive and buy a property without the help of a Realtor.

If undertaking the house-buying procedure without the supervision of a Realtor is at the top of your agenda, numerous professionals would want to pat your back. This is what they have to say:

1. Customers like Purchase Rate Flexibility

The best reason for buyers to choose exploring housing alternatives without a Realtor is to conserve money. Plus for some shrewd consumers, this possibly will be a great choice. [Read more...]