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Tag: completion certificate

Home » completion certificate » Page 2

Property Trends
By Amit SethiApril 21, 2022

Top questions asked about GST on real estate

Recently, the GST Council slashed the Goods and Services Tax (GST) rate on under-construction homes. With this, home buyers are trying to assess the impact of the rate cut. We look at some of … READ FULL STORY

Taxation
By Balwant JainSeptember 23, 2020

Will the reduction in GST rates for real estate, make properties cheaper or more expensive?

The Goods and Services Tax (GST) Council in its meeting held on February 24, 2019, has taken a decision to reduce the GST rate on under construction properties, with effect from April 1, 2019. … READ FULL STORY

Current News
By PTIDecember 22, 2018

Sub-lease agreement to give relief for 50,000 buyers ‘illegally’ occupying flats in Noida, Greater Noida

Around 50,000 flat buyers in Noida and Greater Noida, who are living ‘illegally’ in their houses, as they are yet to receive the occupancy certificates from builders, can now get a ‘sub-lease agreement’, to … READ FULL STORY

Property Trends
By Anuj PuriApril 4, 2023

GST on completed properties without completion certificate, to hit real estate sector

The applicability of the Goods and Services Tax (GST) in the Indian taxation system, was a move aimed towards ‘one nation, one tax’. After land abetment, the applicable GST for under-construction properties was 12 … READ FULL STORY

Property Trends
By Ravi SinhaNovember 11, 2019

GST impact: Will ready-to-move apartments cost more or less?

Update on February 24, 2019: GST Council cuts tax on under construction residential houses to 5 per cent, from 12 per cent currently. GST rate on affordable housing slashed to 1 per cent from 8 … READ FULL STORY

Legal
By Abhijeet Swaroop and Ankur KhandelwalDecember 7, 2018

Is it constitutional to apply RERA with retrospective effect?

On May 1, 2017, all 92 provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA or the Act) were brought into force. The Act has introduced new obligations on real estate developers … READ FULL STORY

Current News
By PTINovember 5, 2018

Noida Authority gives ‘in-principle’ nod to free-holding of properties

The Noida Authority, on November 1, 2018, gave its in-principle approval to the conversion of land holding rights, from ‘leasehold’ to ‘freehold’, subject to a nod from the Uttar Pradesh government, according to officials. … READ FULL STORY

Property Trends
By Prashant ThakurJune 20, 2018

Can the property market in the NCR overcome project delays in 2018?

Project delays are one of the most alarming issues, historically dogging the Indian real estate sector. The dearth of effective planning and execution of construction activities, escalating construction costs, approval delays, diversion of allocated … READ FULL STORY

Current News
By PTIMay 7, 2018

Maharashtra streamlines norms for transfer of flats built on government-given land

The Maharashtra government has issued a Government Resolution (GR), streamlining the rules for the sale or transfer by other means, of flats in cooperative housing societies built on government-allotted lands. As per the GR … READ FULL STORY

Current News
By PTINovember 2, 2017

Unauthorised construction: HC seeks details of all properties under MCD jurisdiction

The Delhi High Court, on November 1, 2017, directed the municipal corporations to give details of the number of properties in their jurisdiction, date of sanction of building plans and the date when completion … READ FULL STORY

Locality Trends
By Content ConsultantsDecember 21, 2020

Will RERA lead to an oversupply in the NCR market?

With the Real Estate (Regulation and Development) Act (RERA) and other reforms coming into force, developers are rushing to complete partially completed projects and obtain their completion certificates, to avoid falling under the purview … READ FULL STORY

Current News
By PTISeptember 13, 2017

Hand over flats or face action: UP government to Noida builders

Uttar Pradesh chief minister Yogi Adityanath, at a meeting with developers and top administrators from Noida and Greater Noida Authority, has asked builders to hand over 50,000 flats in the next three months, after … READ FULL STORY

Property Trends
By Rohan SharmaAugust 8, 2017

RERA in the NCR: Can the states’ rules protect home buyers?

The Real Estate (Regulation and Development) Act (RERA) has had a difficult birth and seems to be having a troubled childhood. The expectations from the ‘miracle child’ seem to be mired in a ‘what’s … READ FULL STORY

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