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Loan subsidy under Pradhan Mantri Awas Yojna

Giving clarity on the government’s credit linked subsidy scheme (CLSS) for home buyers in the middle income group (MIG) segment, Union minister for housing Venkaiah Naidu on March 22 released the guidelines for the implementation of the scheme. The move is set to bring down the monthly equated monthly installment (EMI) for the middle class by over Rs 2,000….

GST: Benefits for buyers

GST will be a game-changer for Indian industry, including for the real estate sector The Lok Sabha on August 8 cleared the amendments made earlier by the Upper House of Parliament to the Constitution Amendment Bill to enable the rollout of the Goods and Services Tax (GST).  Earlier, on August 3, the Rajya Sabha had…

Single Window Clearance For Realtors…….Will It Really effect???

One of the major reasons for Delay:  Project Clearance rom various department. Developers have shown their concerns regarding the approval process which normally takes huge chunk of time. Recently passed, Real Estate (Regulation and Development) Act, 2016 (RERA) has lots of safety measures for the buyer, stringent penalities for builder and brokers, but have ignored…

Cash transactions above Rs 3 lakh in real estate………NoT Allowed

SC SIT recommending a ban on cash transactions above Rs 3 lakh….More Pressure for Real estate industry. Widely Known Truth: A large chunk of black money in India is invested in real estate and bullion… Why Such Recommendation????? To Check the money-laundering in real estate.  Liases Foras Real Estate Rating and Research Pvt. Ltd reported that in…

What is Smart City ??

The first question is what is meant by a ‘smart city’. The answer is, there is no universally accepted definition of a smart city. It means different things to different people. The conceptualisation of Smart City, therefore, varies from city to city and country to country, depending on the level of development, willingness to change…

NAMO vs Real Estate

      On 26th May, Modi Govt. completed its two years. As usual the media & the opinion building apparatus across the nation is fraught with volleys of views, swinging from far left to the right. While his supporters are showering praises, the band of distractors are not keeping any stone unturned in denouncing…

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