Realtors say RBI decision to cut key rates, give 3-month moratorium to boost liquidity, ease debt pressure
The RBI cut repo rate to 4.4 per cent and reduced the cash reserve ratio maintained by the bank by 100 basis points. The reverse repo rate was cut by 90 bps to 4 per cent.
Homebuyers' body FPCE has written to a Parliamentary panel on finance, opposing an amendment in the insolvency law that seeks to insert a minimum threshold for flat owners to approach the National Company Law Tribunal (NCLT) against builders who have defaulted
Real estate developers having projects in Bengaluru will take the lowest time of 15 months to clear their unsold housing units, while builders in the Delhi-National Capital Region (Delhi-NCR) may take 44 months to sell surplus inventories, according to property consultant Anarock
Maradu flats: SC says demolition must be completed in 138 days, directs Rs 25 lakh as interim compensation for owners
The Supreme Court on Friday directed that demolition of flats built on the coastal zone of Kochi's Maradu be completed in 138 days, in accordance with the time schedule provided by the Kerala government
The National Housing Bank's (NHB) decision to ban lending by housing finance companies under subvention scheme was "impulsive" and should be rolled back to boost sales, realtors' body CREDAI Chairman Jaxay Shah said here on Wednesday
SC judgment in Amrapali Group case a welcome step, but opacity of Noida’s real estate market remains a problem
Individual cases such as the one involving Amrapali Group are reaching the Supreme Court because at the local level, the mechanism of checks and balances is not there.
Supreme Court directs RERA to cancel Amrapali Group's registration; asks ED to conduct probe into fund diversion
The ED will register money laundering cases against Amrapali, its chief managing director and other directors
Union Budget 2019: Realty players seek measures to tackle liquidity crunch to achieve target of 'Housing for All' by 2022
The government should take steps to increase liquidity in the system in the upcoming budget to give a boost to cash-starved real estate sector and achieve 'Housing for All' by 2022, according to property developers and consultants
Union Budget 2019: Realtors body NAREDCO calls for boost to rental housing through incentives like 10-year tax holiday
Realtors body NAREDCO has demanded a boost to rental housing in the upcoming budget from the government through incentives like 10-year tax holiday to real estate developers on the profit earned from the business
Budget 2019-20: Finance ministry may look at 10-year tax holiday on rental profits earned by builders
The finance ministry may look at a 10-year tax holiday for real estate developers on profits earned from rental housing as it looks to revive investment and boost a slowing economy, sources said
The eight-member group of ministers under Maharashtra Finance Minister Sudhir Mungantiwar favoured hiking GST rate on the state-organised lottery to either 18 percent or 28 percent.
Affordable housing: Why are builders enjoying 100% income tax holiday and not passing on benefits to home-buyers?
Budget 2019 has given one more year to builders to seek approval from competent authority for their housing projects
In the data released on Tuesday, the consultant said, housing sales in National Capital Region (NCR) rose by 18 percent during 2018 to 44,300 units from 37,610 units in the previous year.
MahaRera asks realtors to display building plans at project sites; failure to comply to result in action
The Supreme Court earlier this month made it mandatory for real estate firms to display approved building plans on project sites,
It is not the elevation to the ranks of financial creditor but to the ranks of secured creditors that would have given relief to the hapless homebuyers in the Jaypee Infratech case
Mumbai Development Plan 2034 might just save the day, provided it tackles longstanding land-acquisition woes
The major concern for most stakeholders remains the ‘implementation’ of the Development Plan
India's real estate market will set the tone for 2018 with landmark reforms like RERA and GST in place
Occupation costs are likely to inch up marginally as the 15 percent service tax has been replaced with an 18 percent GST.
A not-for-profit organisation has pitched for stern action against those builders who are "enriching themselves" under the "guise of GST" causing loss to homebuyers
As per RERA, builders cannot sell without registration, and projects for which completion certificate has not been issued cannot be considered as completed projects
Since RERA restricts project funds to be diverted to other projects, NRI buyers can be ensured that their investment would be safe