Looking back, 2019 may not have been the best year for the real estate sector. However, with several changes introduced during the year, from reduction in taxes to the announcement of a Rs 25,000-crore … READ FULL STORY
Data from the Reserve Bank of India (RBI), released on November 8, 2019, showed that the currency with the public grew 15.2% to Rs 21.59 lakh crores, as of the fortnight to October 25, … READ FULL STORY
The Delhi High Court, on October 15, 2019, sought the response of the Unique Identification Authority of India (UIDAI), on a plea seeking linking of movable and immovable property documents of citizens with their … READ FULL STORY
The Supreme Court, on May 21, 2019, stayed the Delhi High Court order, which had held that the 2016 black money law cannot be allowed to operate with retrospective effect from July 2015, to … READ FULL STORY
With the government of India hinting at its intention to link Aadhaar numbers with property transactions, several analysts have hailed the proposed move as a game-changer, while others have questioned its intent, its chances … READ FULL STORY
It has now been a year, since the Indian government announced the demonetisation exercise on November 8, 2016. The debate now centres on whether demonetisation has helped or hurt the real estate sector. The … READ FULL STORY
The Delhi High Court, on October 11, 2017, asked the Income Tax (I-T) Department whether it intended to examine, under the new benami law, all accommodation entries made prior to 2016 when it came … READ FULL STORY
Did demonetisation erase black money in real estate? Just a couple of months ago, demonetisation appeared to have taken all the remaining steam out of our Indian real estate’s sails. Sales in the significantly … READ FULL STORY
Many within the Indian real estate fraternity, privately admit that the government’s demonetisation drive, has done more damage to the real estate business than even the Lehman Brothers crisis. “The sector has suffered badly, … READ FULL STORY
The central government has repeatedly stated its intent to deal with benami transactions. It is, hence, expected that several concrete steps and financial curbs on benami transactions may be announced in the Union Budget … READ FULL STORY
Genuine buyers in the residential real estate market, appear to be holding back their purchase plans, on hopes that the interest rates would fall further and the property prices would plunge, post demonetisation, which … READ FULL STORY
“Demonetisation has impacted the resale market, which is otherwise flush with transactions involving black money or unaccounted cash. Consequently, the number of transactions in the secondary market has come down,” explains Vijay Gupta, CMD, … READ FULL STORY
In 2016, the comprehensive Benami Transactions (Prohibition) Amendment Act was passed, with the intent of bringing unaccounted money into the system, as well as seizing benami property and prosecuting those indulging in such activities. … READ FULL STORY
