Real Estate-Wealth-The Economic Times - Seite 3 
Realty co Eldeco eyes $250 mn PE investment
Delhi-based tier II realty player Eldeco Group is in discussions with AIG and Merrill Lynch for raising $200-250 million from a clutch of private equity (PE) investors.
HDFC Chairman Deepak Parekh says instead of foreign capital, pension and provident funds should be permitted to invest in real estate sector.
Govt wants land titles to get registered
Now the banks, would be happier as govt plans to update property title database to check frauds
Goa closes in on foreign land ‘mafia’
The government has woken up to alleged violations in the sale of land to non-Indians.
Home buyers face smaller penalty
Fine on delay in instalment payment is capped at 1% against 8-12% at present.
Comfort in old age
The Reverse Mortgage Scheme to be introduced by the National Housing Bank will be a great support to senior citizens besides providing more depth to the industry.
The impact
The Finance Bill 2007 will have certain important implications for housing societies and property transactions, explains Tarun Ghia.
Waiting for reform
The government must make its policies firmer and more consumer-centric in the coming Budget. A few suggestions:
Small house builders may lose tax benefit
With large number of tax sops expected to be axed in the forthcoming Budget, real estate developers may be in for some bad news.
MRTPC stops mall misdemeanour in tracks
In a landmark move which can affect future real estate deals in the country, the MRTPC has restrained Delhi-based SN Jee developers from forfeiting allotment of space in its upcoming mall to buyers, who had failed to pay the total cost of the property.
Realtors may have to furnish 25% of cost as bank guarantee
In a big step to cut back on speculative grabbing of land by property developers, the government is likely to ask them to furnish bank guarantees to municipal authorities to prove they mean business.
Courts told to be cautious on realty disputes
Real estate firms may not get relief if government authorities cancel the auction of land in public interest.
Pvt airport developers can’t build malls, parks
Private companies interested in city-side developments in 35 non-metro airports may not be allowed to build malls, business parks and golf courses.
Builders have to refund flat buyers for delivery delays
The government has made it mandatory for property developers to adhere to deadlines on completion of projects.
Govt plans a carpet bomb in realty
Legislation to compute property value based on carpet area on cards; metro houses may cost less