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Recently, the Ministry of Housing & Urban Affairs approved up to 5 Lakh urban houses to be built as affordable units for beneficiaries who fall under PMAY (Pradhan Mantri Awas Yojana) Urban. The government has planned to invest up to Rs. 31,003 Crore to develop newly announced ...Read More
RERA – Disruption to Remain Unchanged in 2018
The tri-fold impact of implementation of RERA, GST bill, and note ban had a significant effect on real estate industry in India last year. These consistent reforms attracted absolute overhaul to the real estate sector, its practices and its form. With damage done by GST and RERA has been ...Read More
Real Estate Sector Looking Forward to See Better Future: Critical Reforms
The real estate market has seen a lot of slowdown for several years as RERA, Demonetization and GST had tri-fold strike on new launches and sales this year. But developers are still hoping for better future in 2018 in the form of affordable housing. A lot of real estate consultants and ...Read More
real estate company
On Wednesday, Supreme Court stalled the order from the government to suspend eight directors of a real estate company Unitech and to replace them with its nominees. The 8 th December order of NCLT (National Company Law Tribunal) has been stayed by a bench of Justices D.Y. Chandrachud and A ...Read More
Jaiprakash Associate Gets Extension from Supreme Court to Deposit Rs. 125Cr
Recently, a real estate company Jaiprakash Associate Limited has got some more time till January 25, 2018 to deposit Rs. 125 Cr. more to protect the affected property buyers’ interest. So far, JAL has deposited Rs. 425 Crore already with the registry. It asked for two months of extension ...Read More
real estate project
RERA or the Real Estate Regulation & Development Act should have been passed earlier before it was passed actually to control builders’ malpractices. Prime Minister Narendra Modi given a statement that it was his government which felt the grievances of homeowners who were living at ...Read More
NHB Residex – Property Prices Slashed in 13 Markets, Rise in top 36 Cities during Second Quarter
According to NHB Residex, the real estate price index by the National Housing Bank, real estate prices have kept on showing signs of recovery in top 36 cities of the nation with 15.7% of highest growth rate which is recorded during April-June in Vizag. The real estate prices have been ...Read More
Impact of GST on Residential Properties available for Rent
The provision of GST Act will consider renting out a real estate property as just supply of services and it would come under the domain of GST. But if the property is used for residential purpose and is rented out, it would be exempt of GST. In case the property is rented out for business ...Read More
Real Estate Investments Surges 85% Growth in India this Year 2017
In the first 9 months, India has seen upsurge of 85% in real estate investments in 2017, when compared to the last year with record high deal volume of US$2.6 billion, while it was $1.4 during the same period last year, according to a report of Low Real Rates, High Growth, and Black Swans ...Read More
RERA Enters Tamil Nadu – Five Realtors Get Registration Numbers If you are planning to buy an apartment, this news is important for you. A realty watchdog, TNRERA (Tamil Nadu Real Estate Regulatory Authority) has started to enter its territory. With its entry, five real estate agents/firms have been ...Read More

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