There are several hurdles in the process of transfer of a distressed property under the present auction process. Due to the Coronavirus pandemic, there is a broad consensus among real estate experts and stakeholders … READ FULL STORY
Nestled between Hitec City, Jubilee Hills and Kukatpally, Madhapur is a popular area in Hyderabad. It lies close to the IT hotspot of Hyderabad, where most of the multi-national companies are located. In addition … READ FULL STORY
The chairman of the Central Board of Direct Taxes (CBDT), Pramod Chandra Mody, has said the tax payers’ charter announced in Budget 2020, will be notified very soon and once operationalised, India will be … READ FULL STORY
2019 was a relatively challenging year for Indian real estate, with the sector experiencing a slowdown. Nevertheless, this slowdown made Indian developers aware of where they stand and the shortcomings responsible for the same. … READ FULL STORY
The Uttar Pradesh government, on December 3, 2019, approved the construction of an extension of the Aqua Line (Noida-Greater Noida Metro) at `a cost of Rs 2,682 crores, UP’s industrial development minister Satish Mahana … READ FULL STORY
The Air Quality Index in several automated air monitoring stations in Kolkata had hovered between 200 and 350 (PM 2.5) in the first week of November 2019, which was categorised as ‘moderate’ and ‘poor’ … READ FULL STORY
Over 50 million people are employed in the construction sector, the third largest employer in the country. However, when it comes to access to a conducive work environment, policies and funds have failed most … READ FULL STORY
The need of the hour, is to bring in amendments, to make the RERA the first forum for complaints pertaining to real estate, Satish Magar, president, CREDAI national, said. Magar was speaking at the … READ FULL STORY
A leading real estate developers association, on June 18, 2019, termed as ‘unrealistic’, the Karnataka government’s plan to impose a five-year ban on the construction of multi-storeyed residential buildings in Bengaluru, in view of … READ FULL STORY
With the General Elections of 2019 giving a clear mandate for Narendra Modi to return as prime minister for a second term, the real estate sector is optimistic, as this would mean a continuation … READ FULL STORY
The GST Council, at its meeting on February 24, 2019, reduced the Goods and Services Tax (GST) rate on under construction properties from 12 per cent with an input tax credit (ITC) to 5 … READ FULL STORY
Mumbai-based developer Sanjay Agarwal allegedly shot himself with his licenced revolver in his office cabin, in Chembur’s Sindhi Colony at around 11.25 am on January 3, 2018, said deputy commissioner of police (zone-VI) Shahaji … READ FULL STORY
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
