Real Estate sector Current Affairs, GK & News
Realtors body National Real Estate Development Council (NAREDCO) has signed Memorandum of Understanding (MoU) with Ministry of Housing and Urban Affairs to provide skill training and jobs in construction sector for 2.5 lakh poor people. The partnership will strengthen skill trainings and employment opportunities in construction sector for urban poor under Deendayal Antyodaya Yojana-National Urban ..
India was ranked 35th among 100 countries (countries) in recently released Global Real Estate Transparency Index (GRETI). The index was released by realty consultant JLL. India was ranked 36th in the index during the last bi-annual survey conducted in 2016 and 40th in 2014. Its real estate market is currently placed in the ‘semi-transparent’ zone. ..
Month: Current Affairs - June, 2018
Category: Reports & Indexes Current Affairs
The Union Ministry of Housing has notified the Real Estate (Regulation and Development) (General) Rules, 2016, to be applicable to the five Union Territories. These five Union Territories are Andaman & Nicobar Islands, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep and Chandigarh. Key Facts These Rules have been notified as stipulated in the Real ..
The Real Estate (Regulation and Development) Act, 2016 came into force on 1 May 2016. In this regard, Union Ministry of Housing and Urban Poverty Alleviation (HUPA) had notified 69 of the total 92 sections of the Act to bring it into force from 1 May 2016. Key provisions of Acts Sets up in motion ..
Month: Current Affairs - May, 2016
The Rajya Sabha has passed the Real Estate (Regulation and Development) Bill, 2015 to protect the interests of consumers and curb the malpractices in the real estate sector. The bill seeks to create a uniform regulatory mechanism across the country and enhance the growth of construction sector. It also ensures to bring transparency and accountability ..