In the past, many residents of slums that underwent redevelopment, have complained that developers have not paid them rent, for the transit accommodation. For example, over 100 slum dwellers of the Dhobi Ghat slum … READ FULL STORY
After the Congress accused the Shiv Sena-BJP alliance of misleading Mumbaikars on the property tax waiver, the BJP has clarified that all components of the levy would be waived in future bills. The process … READ FULL STORY
Traditionally, property investment has been viewed as a safe and stable long-term asset in India. It is often an emotional decision for Indians and is perceived as an indication of one’s status and wealth … READ FULL STORY
The taxation on property purchase, has become much simpler than it was before. With the roll-out of the Goods and Services Tax (GST), several taxes previously applicable on real estate purchase (VAT, service tax, … READ FULL STORY
Mumbai’s Development Control and Promotion Regulation 2034 (DCPR 2034) is a blueprint for the growth of the city, in terms of improving infrastructure facilities, easing construction bottlenecks and addressing issues like redevelopment and slum … READ FULL STORY
Q: Several market reports are stating that sales are finally moving in the upward direction in Mumbai after several quarters of slow sales and launches. What do you think has caused this market turnaround? … READ FULL STORY
On the back of critical policy reforms like demonetisation, the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST), 2018 is seeing both, sales and new supply picking up, … READ FULL STORY
Update on February 13, 2019: Town planning agency, the City and Industrial Development Corporation (CIDCO), has announced that it will conduct a lottery for 1,100 homes on February 14, 2019. The draw for the homes … READ FULL STORY
The West Bengal government has announced a housing project, ‘Nijoshree’, under which two categories of flats would be provided to people, whose monthly earnings are not above Rs 30,000. The two categories of residential … READ FULL STORY
The Ministry of Housing and Urban Affairs, on June 12, 2018, increased the carpet area of houses eligible for benefits under the Pradhan Mantri Awas Yojana’s (PMAY’s) credit-linked subsidy scheme (CLSS) to 160 sq … READ FULL STORY
The real estate sector in India has witnessed significant transformation over the past few years. Policy reforms, like the Real Estate (Regulation and Development) Act (RERA), announcements for affordable housing projects in the annual … READ FULL STORY
The government of India, on November 16, 2017, approved an increase in the carpet area of houses for the two middle-income group (MIG) categories, under the Pradhan Mantri Awas Yojana – Urban. Under the … READ FULL STORY
Maharashtra chief minister Devendra Fadnavis, on March 14, 2018, said that his government was positive to the demand of waiving property tax for houses with a carpet area of 750 sq ft. “The Brihanmumbai … READ FULL STORY
