The Congress, on July 26, 2017, accused the Manohar Lal Khattar-led BJP government in Haryana of betraying small and medium home buyers and playing into the hands of builders, by diluting the Real Estate … READ FULL STORY
While there is a lot of buzz over the Goods and Services Tax (GST) in the market, most people remain unsure about how it will impact various businesses. In the real estate sector, people … READ FULL STORY
Real estate major DLF Universal, on June 9, 2017, moved the Delhi High Court against its single judge’s order, appointing a local commissioner to inspect one of its residential projects in the national capital. … READ FULL STORY
The Indian real estate fraternity, has often been blamed for its inability to connect with the consumers. The lack of trust in the minds of home buyers, begins right at the time of booking, … READ FULL STORY
The Indian real estate sector has been largely unregulated except for a few states like Maharashtra, Uttar Pradesh, Andhra Pradesh, Delhi and Karnataka. Any pro-consumer development was solely a result of judicial activism. This … READ FULL STORY
The Real Estate (Regulation and Development) Act, 2016, popularly known as RERA, came into effect from May 1, 2017, as was originally stipulated a year ago. It is not as if the states have … READ FULL STORY
A division bench of the Allahabad High Court, comprising chief justice DB Bhosle and justice Yashwant Verma, on April 20, 2017, ordered the sealing of more than 1,000 flats in the Supertech Czar residential … READ FULL STORY
Residents of Gulmohar Green Society on March 16, 2017, staged a protest against the demolition drive by the Ghaziabad Development Authority (GDA) and raised slogans against the colony’s builder for allegedly flouting norms. The … READ FULL STORY
As per the income tax laws, any profit on sale or transfer of your house or land becomes taxable, in the year in which you transfer the same. As per the Transfer of Property … READ FULL STORY
“We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits,” finance minister Arun Jaitley, announced in his … READ FULL STORY
Service tax and VAT are applicable, only on properties that are booked at under-construction stages. So, both these taxes cannot be levied on properties that are purchased, after the builder has obtained its completion … READ FULL STORY
Benefits to promoters/builders, for construction of affordable houses Under the newly-enacted Section 80IBA, 100% of the profits derived by the builder/promoter from a residential housing project, are allowed as deduction to every tax payer … READ FULL STORY
Sneha Sharma, a home buyer in a housing project in Greater Noida west, is now planning to shift in to her apartment. While a few of the towers in the project are fully built, … READ FULL STORY
