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Latest News
Strictly instruct states to notify RERA in letter and spirit
Publish on : 2017-09-27 07:14:27
A parliamentary panel has asked the Ministry of housing and urban affairs to "strictly instruct" the states which have diluted the rules under the real estate law to either amend it or re-notify them in line with the "letter and spirit" of the Act. The Committee on Subordinate Legislation, headed b...
Will new tax system bring property prices down?
Publish on : 2017-09-21 08:02:49
After demonetisation, the Real Estate (Regulation and Development) Act or RERA is being enforced to realise the 'housing for all' initiative by the government, and the implementation of the upcoming Goods and Services Tax (GST) will further streamline the real estate segment in India. GST is designe...
Affordable housing may get a boost with segment turning attractive
Publish on : 2017-09-21 07:59:32
With the implementation of goods and services tax (GST) from 1 July, the numerous sectors in the Indian market are to be affected. Real estate is one among them. GST has brought all indirect taxes (service tax, excise duty and value added tax which apply to the procurement of goods and services duri...
'RBI rate cut to boost housing sales this festive season'
Publish on : 2017-09-14 07:33:44
New Delhi: The RBI decision to cut repo rate by 25 basis points on Wednesday will lead to cheaper home loans and boost housing sales during the upcoming festival season, according to property developers and consultants. They expect banks to pass on this rate cut by lowering the interest on home loa...
Home financing options for NRI buyers
Publish on : 2017-09-06 10:41:08
Sources, for financing a real estate investment in India The money for purchasing a property in India, has to come through banking channels only. Consequently, the payment cannot be tendered in the form of traveller’s cheque or foreign currency. An NRI can also use the money in his/her credit, in n...
Coming up for Mumbai: 8 million jobs, 10 lakh affordable homes, open spaces
Publish on : 2017-08-28 05:05:54
Mumbaikars will get more open spaces, 10 lakh affordable homes, more commercial space with the allotment of 5 FSI to create 8 million jobs, a central park, 120 hectare of new green space and a world class museum. These are some of the key proposals of the Development Plan (DP) 2014-2034 cleared by B...
RBI urges states to facilitate affordable housing projects
Publish on : 2017-08-24 04:57:23
Mumbai: Reserve Bank of India Governor Urjit Patel on Wednesday urged states to facilitate affordable housing projects which have a strong multiplier effect on boosting growth. "I think, we need a time bound, single window clearance by state governments of this very important initiative, which ha...
The home buyers’ guide to choosing the right amenities
Publish on : 2017-08-23 05:07:08
Should you buy a house with a swimming pool, a gym, or a park? We tell you how to evaluate the necessary amenities, from the avoidable ones Amenities are an important part of any real estate project, which builders use to woo home buyers. While some amenities are essential, like a security system...
How will GST and TDS impact rental income
Publish on : 2017-08-18 13:08:54
The rental income from a real estate investment, is taxed under the head ‘Income from House property’ under the income tax laws, which is a direct tax law of the country. Properties that are let-out, are also subject to indirect taxation in the form of service tax, presently. The lessee of the prope...
MahaRERA registration for ongoing projects: Realtors face a minimum Rs 1 lakh penalty for delay
Publish on : 2017-08-18 04:57:58
Developers in Maharashtra who missed two previous deadlines for registering their ongoing projects will have to pay at least Rs 1 lakh as penalty for delaying applications. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to slap Rs 1 lakh or an amount equivalent to the regi...

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