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Last updated: 23 Feb, 2017  
 Construction & Real Estate

SC asks Unitech to pay interest to flat buyers or face attachment
SME Times News Bureau | 25 Apr, 2017
The Supreme Court on Monday asked real estate major Unitech to deposit interest on the money paid by flat buyers at its project at Gurugram by May 8, cautioning it that failure to deposit the interest may invite attachment of its property.
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Haryana to provide subsidised food to construction workers
SME Times News Bureau | 25 Feb, 2017
Construction labourers in Haryana will be able to get food at subsidised rates near their place of work, the government announced on Friday.
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SC tells Unitech to pay interest to flat buyers
SME Times News Bureau | 20 Feb, 2017
The Supreme Court on Monday asked real estate major Unitech to pay interest to 39 flat buyers who chose to withdraw after the builder's failure to deliver flats as promised.
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SC reserves verdict on plea for reviewing Ansals' sentence
SME Times News Bureau | 15 Dec, 2016
The Supreme Court on Monday reserved its verdict on a plea by the CBI and Association of Victim of Uphaar Tragedy (AVUT) seeking the review of the order on quantum of punishment to the real estate barons - Gopal and Sushil Ansals - who were convicted for June 13, 1997, Uphaar fire tragedy in which 59 people lost their lives.
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Primary real estate market unaffected by rupee notes axing
SME Times News Bureau | 09 Nov, 2016
The primary real estate market will not be disturbed much with the government's decision to withdraw 500 and 1,000 rupee notes as legal tender, said a top official of the Confederation of Real Estate Developers Associations of India (CREDAI).
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Delhi eases norms for construction on plots up to 105 sq m
SME Times News Bureau | 07 Jun, 2016
The Delhi government on Monday notified new building bye-laws, which now permit construction on residential plots of up to 105 square meters without any requirement of get the building plans cleared.
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PMAY, Maharashtra order probe into cheap homes scheme
SME Times News Bureau | 19 Apr, 2016
The Pradhan Mantri Awas Yojana (PMAY) and the Maharashtra government on Monday ordered a probe into a cheap housing scheme floated by a Pune developer promising a one-bedroom-hall kitchen flat for just Rs.500,000.
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Real estate bill to facilitate foreign direct investment
Bappaditya Chatterjee | 21 Mar, 2016
The Real Estate (Regulation and Development) Bill passed by both the houses of parliament is expected to facilitate more foreign direct investments in the sector, developers say.
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Real estate bill passed, govt says will bring property prices down
SME Times News Bureau | 16 Mar, 2016
The real estate bill pending before parliament since 2013 was finally passed on Tuesday with the Lok Sabha giving its nod as members cutting across party lines backed it. Terming the development "historic", Urban Development Minister M. Venkaiah Naidu asserted the new law will help bring down property prices.
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Realty, REITs get impetus in Budget 2016-17
SME Times News Bureau | 01 Mar, 2016
Finance Minister Arun Jaitley on Monday gave a shot in the arm to real estate sector in the 2016-17 general budget by waiving Dividend Distribution Tax (DDT) on Real Estate Investment Trusts (REITs).
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