The switch over to the GST regime is undoubtedly one of the biggest tax reforms in post-independence India. From July 1 2017, GST effectively cuts through a confounding Gordian knot of taxation complexity in the country. In other words, it replaces the multiple taxes levied by the central and state governments and will become subsumed … More GST impact on real estate

The Haryana BJP government on Thursday renamed the Haryana Urban Development Authority (HUDA) to Haryana Shehri Vikas Pradhikaran (HSVP) because the acronym HUDA sounded similar to the last name of former chief minister of the state Bhupinder Singh Hooda. The decision to change the name was taken during a cabinet meeting held under the chairmanship … More HUDA renamed (HSVP) due to its resemblance with former Haryana CM Hooda

New rules under RERA or the Real Estate (Regulation and Development) Act are applicable to residential and commercial development. New rules under RERA or the Real Estate (Regulation and Development) Act to regulate the real estate sector, protect home buyers and ensure the timely execution of projects with an aim to boost investor confidence and … More Real Estate Act Comes Into Force. 10 Points On How It Will Protect Home buyers

Haryana Pushing To Shift Away Kherki Daula Toll Plaza The Haryana government is making a strong push to shift the expressway’s toll plaza at Kherki Daula to the outskirts of Gurgaon. If this happens, it will make the entire stretch from Delhi to the Manesar industrial area toll-free, and become the second toll plaza to … More Delhi-Manesar to be toll-free

Clearing the way for completion of the long-delayed Dwarka Expressway, the Punjab and Haryana High Court on Tuesday disposed off a petition against allotment of plots to the oustees who do not have proper property documents. The Haryana Urban Development Authority (HUDA) now aims to give the possession of plots by April 10. The case … More Punjab & Haryana HC clears way for completion of Dwarka Expressway

Middle income groups (MIG) with annual incomes of above Rs. 6 lakh and up to Rs. 18 lakh per year are eligible for interest subsidy on buying their first home under Pradhan Mantri Awas Yojana (Urban). The government has come out with guidelines on interest rate subsidy scheme under Pradhan Mantri Awas Yojana (Urban) for … More Home Loan EMIs To Fall Under Pradhan Mantri Awas Yojana: 10 Facts

Once land in the far-flung areas of towns and cities, where the cost is not high at present, is connected to the main city centres and then used for the development of affordable houses, the supply chain can materialize in the near future Availability of affordable houses in the Delhi NCR is likely to see a … More Affordable Housing – for all

Affordable houses may soon be exempt from stamp duty, which varies between 4% and 8% of the transaction value. Union minister for urban development and housing M Venkaiah Naidu said that his ministry has written to state governments to exempt affordable houses from stamp duty .Stamp duty is a state subject, with the state government … More Stamp Duty on Affordable Homes may be Abolished

Gurgaon: Expediting the rehabilitation of Dwarka expressway oustees, Huda has begun demarcating Sector 110A. Oustees from New Palam Vihar are likely to get possession of alternative plots in the next few days and will be given six months to vacate the structures coming in the alignment of the road, paving way for completion of the … More Demarcation on, oustees to get plots

After the recent changes in the Pradhan Mantri Awas Yojana (PMAY), it seems that the interest in the scheme is picking up. Developers have started promoting their offerings in the affordable housing segment, which may sound tempting to those interested in government subsidy. Real estate has its own share of concerns, both for the end-consumer as well as an … More You will save on buying home under Pradhan Mantri Awas Yojana

The participation of organised real estate developers would increase in the affordable housing segment with various tax incentives announced in the Budget, the rating agency ICRA said on March 2. “The thrust of the measures announced in the Union Budget 2017-18 for promotion of the housing sector have been focused on the affordable segment. This … More Organised realty players to tap affordable housing segment: ICRA

Sales momentum of real estate in India is recovering slowly following the sharp fall witnessed post the government’s demonetisation move, said ratings agency Moody’s Investors Service. The sales volumes are expected to gradually accelerate in the affordable housing sector as liquidity returns post demonetisation move. Sales volumes in India’s real estate sector decreased by around 40% year on year … More Recovery of real estate sales post demonetisation