Real Estate Bill: How home buyers stand to gain & lose

Last week, the Union Cabinet approved the draft Real Estate (Regulation and Development) Bill 2013 that allows for the creation of a regulator in the real estate sector. Once passed by Parliament and subsequently ad opted by each state, it will allow for the creation of a real estate regulator in each state (realty being a state subject). While the Bill applies to residential properties, commercial real estate has been kept out of its purview. Let us examine the pros and cons of the draft Bill in its latest avatar.

Property prices in Delhi-NCR up 20% over 2012

Highest growth was seen in Sector-112 in Gurgaon which witnessed about 72% increase in capital values in first quarter of 2013

Delhi and the adjoining National Capital Region (NCR) has seen a 20 per cent rise in property prices over the past year, the highest among all metropolitan regions in the country, according to a report.

Future of real estate in NCR

Latest Property News on 'Delhi NCR'

NCR's property market, which is currently witnessing a setback, is all set to regain its lost momentum with the revival in economy. Government is leaving no stone unturned to capitalize on the inherent capabilities of the real estate and infrastructure sector to drive growth and to deliver to its citizens.

In this regard, the private public partnership (PPP) model is increasingly being supported by the government to boost the infrastructural activities in NCR. This cumulative growth strategy involving contributions from public and private sector are expected to revamp the city's environs.