The real estate market in Gurugram, in the Delhi-NCR, has witnessed significant changes over the past few years. With the prime areas reaching saturation, in terms of occupancy and prices, Gurugram may also see … READ FULL STORY
After a year-long delay, the final draft of the Greater Mumbai Development Plan (DP) 2034, recently saw the light of day. The highlights were the amendments in the development control regulations (DCR) in terms … READ FULL STORY
The government’s approval, on the long-pending Mumbai Development Plan (DP) 2034, is a welcome move. The DP is likely to spur real estate activity in the city and also pave the way for the … READ FULL STORY
Ready Reckoner (RR) rates indicate the value of land or residential and commercial properties of an area, determined by the state government and are published annually. RR rates vary as per the area under … READ FULL STORY
Ready Reckoner (RR) rates indicate the value of land or residential and commercial properties of an area, determined by the state government and are published annually. RR rates vary as per the area under … READ FULL STORY
The Real Estate (Regulation and Development) Act, 2016 (RERA), which came into force on May 1, 2017, was a historic moment for the real estate industry, which was previously characterised by the lack of … READ FULL STORY
The Reserve Bank of India (RBI), on February 7, 2018, opted for the widely expected status quo in key rates, citing inflation concerns and flagged risks from wider fiscal deficit. The repo rate, at … READ FULL STORY
With the implementation of the Real Estate (Regulation and Development) Act (RERA), the residential real estate industry is witnessing significant changes. The Act strictly prohibits builders from advertising their under-construction projects, while allowing the … READ FULL STORY
Under the Goods and Services Tax (GST), the effective tax on under-construction projects has gone up to 12 per cent, which is an increase of 6.5 per cent. The actual GST rate is 18 … READ FULL STORY
