Saturday, March 07
Nearly a decade after the Real Estate (Regulation and Development) Act, 2016 was enacted and implemented across states from 2017, scrutiny is shifting from developers to the regulator as well. The shift follows recent sharp observations by the Supreme Court, where the chief justice of India questioned whether real estate regulatory authorities were effectively protecting homebuyers. Against that backdrop, a homebuyer advocacy body has allaeged that most state regulators are not publishing mandatory annual reports required under the law. What appears procedural could determine whether India can truly assess if RERA improved delivery and buyer protection. Kailash Babar explains:What are RERA annual reports and why were they mandated?Section 78 of RERA requires every state RERA to publish an
New Delhi: India hosting the Global AI Summit bears a significant strategic message of positioning itself as the least controversial, most adaptable and investible destination for AI tech expansion - a stark contrast to the US-China sparring that forces tech majors to factor in political implications.India has a good case to make. There are broadly four pillars to a credible AI ecosystem - a robust chip-making industry; energy capacity to support the ecosystem; chip research and design capacity; and deployment plus diffusion in a growing market.The last two are advantageous for India while it needs to catch up on the other two. This is a good score compared to many other countries. But the most important part which buttresses India's case is that it comes with no controversial political ov
