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A real estate developer, Sheth Infraworld has been prompted by The Maharashtra Real Estate Regulatory Authority (MahaRERA) to waive off 5% of balance to be recovered from the buyers due to late delivery of project. A homebuyer who paid 95% of the balance has still not got the possession of ...Read More
Homebuyers to Not Get Interest Relief in Noida
From low-income to middle-income groups, there are thousands of people in Noida and Greater Noida who are buying home for the first time and losing out up to Rs. 2.6 lakh of interest subsidy under the Pradhan Mantri Awas Yojana (PMAY) has Yogi Adityanath government has not sent the names ...Read More
The Goods and Services Tax (GST) and Demonetization have been the two big blows to the real estate industry in India. But a feeling of optimism has been offered by some of the real estate developers in Bengaluru with high stock prices for around 12 months. The crackdown of the government on ...Read More
When Prime Minister Narendra Modi has gone extra miles to make India a lucrative destination for investment to attract the world leaders at World Economic Forum, the real estate industry in India is supposed to garner huge interest from foreign leaders, according to a survey. A property ...Read More
Residential Market Shrugs off Impact of Note Ban
Housing market across the top 30 cities of India have successfully shrugged off the crash of note ban and soaked up the temporary blow of various changes in regulations in order to formalize the realty market. The real estate markets quickly started showing recovery by the end of September ...Read More
Affordable Housing Now Private Equities’ Biggest Theme
The attention towards affordable housing is increasing among the private equity firms and it will grow further behind the government’s focus in housing for all. Founder of Venture Intelligence, a research firm, Arun Natarajan added, “Affordable housing has become the biggest theme among ...Read More
PMAY Effect – GST down to 8% from 12% on Affordable Houses
There are many people in hope for the most awaited budget from Arun Jaitley, finance minister. After its recent meeting, the GST council has given something to cheer for the home buyers. According to the council’s recommendations, the incidence of GST will be less for homes bought under ...Read More
Leading Developer Hiranandani Urges FM to Revisit GST Rate and Remove Stamp Duty
Surendra Hiranandani has listed a few of the important points that should be taken care by the government in the next budget that can bring positive impact to the real estate industry. Put an end to Stamp Duty, Revise GST Rate Currently, the GST rate on the sale of flats is 12% of sales. ...Read More
Supreme Court Issues Notice to Supertech to Refund to Home Buyers
On Wednesday, the NCDRC or National Consumer Disputes Redressal Commission issued notice to the top officials of Supertech Limited, a real estate company, for their response on why they are not going to refund the hard-earned money of home buyers invested on its luxurious ORB residential ...Read More
Brookfield to Own Equinox Office Space from Essar for INR 2450 Cr
Canada-based real estate management company Brookfield Asset Management Inc. has acquired the Equinox Business Park located near Mumbai’s BKC developed by Essar Realty. It has an executive talk and signed a huge deal worth INR 2400 Cr in association with RMZ Corp, a commercial realty firm ...Read More

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