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RBI urges states to facilitate affordable housing projects
Publish on : 2018-01-26 16:01:44
RBI urges states to facilitate affordable housing projects
Bombay High Court upholds constitutional validity of RERA
Publish on : 2018-01-06 06:00:13
MUMBAI: The Bombay High Court has upheld the constitutional validity of recently enacted Real Estate (Regulation & Development) Act, 2016. Several builders had challenged the legal validity of the act and its various provisions. “We hold that the challenge to constitutional validity of first pro...
How good are celebrity endorsed real estate projects?
Publish on : 2018-01-03 06:17:51
When five-time Grand Slam winner Maria Sharapova launched a luxury residential complex in Gurgaon in 2013, several homebuyers lined up, lured by the tennis star’s association with the project. Developed by Homestead Infrastructure, Ballet by Sharapova promised the good life—complete with a tennis ac...
GST Positive Towards Real Estate Sector
Publish on : 2017-10-16 05:07:23
INTRODUCTION: GST may bring a lot of relief to the real estate sector. Supply chain mechanism in real estate sector to be revamped after implementation of GST. Real estate sector is one of the most pivotal sector of the Indian economy. Real estate sector plays a vital role in employment generat...
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...

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