A majority of home buyers (as many as 82%), believe that the wide trust deficit between the builders and the buyers, can be bridged to a considerable extent, if the developers genuinely come forward … READ FULL STORY
The top five hotspots for residential property investment in the country today, are Mumbai, Bengaluru, Hyderabad, Ahmedabad and Chennai. Not only are these cities attracting new businesses and industry, their respective governments are also … READ FULL STORY
For far too long, aggrieved home buyers have suffered owing to judicial delays. Developers have been comfortable, in the knowledge that court cases can drag on for years. However, the year 2016 exposed them … READ FULL STORY
Partnerships, often between investors and developers, create a pool of money that is available for all projects matching a specific set of criteria, without having to go through the time-consuming approval process. These partnerships … READ FULL STORY
Housing.com and Tata Housing, a subsidiary of Tata Sons Limited, have signed a multi-level strategic partnership deal, in which Housing.com will create an exclusive, integrated, pan-India brand platform, showcasing the real estate major’s current … READ FULL STORY
Refusing to stay a December 9, 2016, notification issued by the Ministry of Environment and Forests (MoEF), exempting real estate projects from obtaining prior environmental clearance, a bench headed by NGT chief justice Swatanter … READ FULL STORY
The Railways has sent a letter to the West Bengal government, stating that from now on, the state has to take responsibilities of all ongoing and upcoming projects of the suburban system, as well … READ FULL STORY
For the real estate sector, 2016 will be remembered as the year of dramatic policy changes. These changes have the potential to usher in a more organised, cleaner and more transparent real estate market … 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
When Housing News analysed the impact of demonetisation over the property prices, some of the critics disagreed and even took it as an endorsement of black money in real estate. Nevertheless, the theory that … 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
The South Delhi Municipal Corporation (SDMC), on December 21, 2016, started distributing unique property identification code (UPIC) cards to the 16 lakh property holders under its jurisdiction. The UPIC cards have been provided with … READ FULL STORY
Post-demonetisation, the affordable housing segment, which is confined to the fringe areas of metros, is expected to get a boost as land prices will plummet in the next few years, especially in far-flung areas … READ FULL STORY
