GST impact on real estate

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

HUDA renamed (HSVP) due to its resemblance with former Haryana CM Hooda

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

Real Estate Act Comes Into Force. 10 Points On How It Will Protect Home buyers

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

Punjab & Haryana HC clears way for completion of Dwarka Expressway

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

Home Loan EMIs To Fall Under Pradhan Mantri Awas Yojana: 10 Facts

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

You will save on buying home under Pradhan Mantri Awas Yojana

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

Organised realty players to tap affordable housing segment: ICRA

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

Recovery of real estate sales post demonetisation

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

Highways authority to construct 16-km elevated corridor on Sohna Road South of Gurgaon

The road from Rajiv Chowk to Sohna, popularly known as Sohna Road, is now National Highway 248 and it extends till Alwar in Rajasthan. Travelling between Gurgaon and Alwar in Rajasthan via Nuh in Mewat on Sohna Road is set to become smooth as the National Highways Authority of India (NHAI) is mulling to revise … More Highways authority to construct 16-km elevated corridor on Sohna Road South of Gurgaon

Tata Housing Sets Sights on Rs 15-20 Lakh Affordable Homes Again

After focusing on premium housing for several years, Tata Housing Development Co. Ltd plans to resume building homes costing Rs15-20 lakh, after incentives in the Union budget made low-cost housing more attractive for builders. The Mumbai-based firm builds affordable homes under Tata Value Homes and premium and luxury homes under Tata Housing. Within Tata Value … More Tata Housing Sets Sights on Rs 15-20 Lakh Affordable Homes Again

EPFO to Launch Housing Scheme For Over 4 Crore Members in March

Retirement fund body EPFO will launch a housing scheme next month for its over four crore members to enable them to make down payment and pay EMIs from their EPF accounts to buy homes. “The Employees’ Provident Fund Organisation (EPFO) has firmed up a housing scheme for it subscribers. The scheme is likely to be … More EPFO to Launch Housing Scheme For Over 4 Crore Members in March