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MULTIPLE Reasons for DELAY in Registration of Projects under RERA Ambit…

MOST OF THE BUILDERS have missed the deadline for registration of the project by 31st JULY 2017??>>??   RERA is the new norm of doing business – from conceptualizing to delivering a project. “Anything misleading a customer by the staff of the developer can lead to a lot of problems for the developer at a…

No advertisements of housing projects without registering with regulator

Clearing the air on real estate developers issuing advertisements, the government has said no ongoing or future projects can be advertised without registering them first with the new regulator. The clarification is likely to further dampen the already subdued real estate market that has seen no real appreciation in value of property or sales growth…

TOP 10 Benefits Of RERA

A HISTORIC MUCH NEEDED REAL ESTATE ACT Real Estate Regulator ACT, which will help regulate the sector and bring in clarity for both buyers and developers. Here are 10 things you should know about this bill, touted as a key reform measure in the vast real estate sector. The State level Real Estate Regulatory Authority…

Govt okays 3% interest subsidy on homes loans up to Rs 2 lakh

In a bid to ease EMI burden by ensuring cheap home loans in rural areas, the Centre today approved 3 per cent interest subsidy on loans of upto Rs 2 lakh for all households which are not covered under Pradhan Mantri Aawas Yojana (Grameen). “The government is committed in its mission to ensure housing for…

Centre to build 1 crore houses under PMAY-Grameen by 2019

In line with Prime Minister Narendra Modi‘s vision of Housing For All by the year 2022, Ram Kripal Yadav, the minister of state for rural development today said that the government today said that it has approved the construction of 1 crore houses with the financial implication of Rs 81,975 crore for the period of…

REITs to come up in 12 months: Knight Frank

Real estate investment trusts are likely to kick off in the next 12-14 months, helped largely by liberalised regulatory norms and demonetisation, property consultant Knight Frank has said According to a report on real estate investment trusts (REITs) released by Knight Frank, the domestic environment is ripe for listing of REITs, an investment vehicle that…

GST Bill passed in Lok Sabha: Impact on the real estate sector

With the GST Bill being passed in the Lok Sabha on March 29, 2017, it seems certain that it will meet its July 1, 2017 deadline for implementation. We analyse how the latest version of the Bill will impact the real estate sector With 4 crucial bills on GST being passed in the Lok Sabha…

GST Bill – Real estate

Implications of the GST Bill The Goods and Services Tax (GST) Bill, which was passed in the Rajya Sabha on August 3, 2016, is expected to be implemented from May 1, 2017. Far-reaching implications on under-construction project. The Goods and Services Tax (GST), is a comprehensive indirect tax on the sale, manufacture and consumption of…

Don’t Dilute real estate law : Warns Housing Minister Venkaiah Naidu

Amid reports of dilution of key provisions of the new real estate law by some states, union housing minister M Venkaiah Naidu, has cautioned that the law should be implemented in true spirit and nobody has the right to dilute the law passed by Parliament Union Housing and Urban Poverty Alleviation Minister, M Venkaiah Naidu,…

Centre approves 1.10 lakh more houses in 6 states under PMAY

The centre has approved the construction of over 1.10 lakh houses more, for the urban poor in six states, under the PMAY (Urban) scheme, taking the total number of houses being taken up for construction under the scheme, to 17.60 lakhs The centre, on March 21, 2017, approved the construction of over 1.10 lakh houses…

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