Following are the highlights of the developments in realty industry in 2011:
-Circle rates hiked in Delhi to curb black money flow and bring transparency.
-National Investment and Manufacturing Zones to boost industrial real estate.
-Sale deed made mandatory by Supreme Court for property transfer.
-India’s first all-woman housing society in Panchkula.
-Realty growth dips from 25-30 percent to about 15 percent.
-DLF fined Rs.630 crore for abusing its dominant position, tribunal stayed penalty.
-Sahara realty ordered to refund money to investors, order challenged.
-Number of realty firms deferred public offers.
-Government failed to introduce Real Estate Regulatory Bill.
-Land Acquisition and Rehablitation Bill also not introduced.