The Royal Institution of Chartered Surveyors is working on a new draft standard, called the ‘Countering bribery and corruption, money laundering and terrorist financing’ Professional Statement. This standard aims to set out the obligations … READ FULL STORY
The Royal Institution of Chartered Surveyors (RICS) has launched the ‘Cities for our Future competition’, in partnership with the United Kingdom National Commission for UNESCO and the Association of Commonwealth Universities. The challenge calls … READ FULL STORY
There were no major direct announcements related to realty sector, in the Union Budget 2018-19. However, there is an expectation in the market that the efforts made by the government, could boost the real … READ FULL STORY
The Reserve Bank of India (RBI), on December 6, 2017, kept the key interest rates unchanged, on expected lines, but raised the inflation forecast for the remainder of the current financial year to 4.3-4.7 … READ FULL STORY
In an exclusive interaction with Housing News, Sachin Sandhir, global managing director – emerging business of RICS, points out that India considerably lags behind mature real estate markets, such as the US and UK … READ FULL STORY
The 7th Pay Commission has been notified and the salaries of central government employees and pensioners, are set for a major revision. This is likely to boost demand and liquidity in the real estate … READ FULL STORY
Sluggish growth has had an adverse impact on several real estate players, resulting in many of their loans turning into non-performing assets (NPAs) for the banks and financial institutions. Recently, the government of India … READ FULL STORY
Under the Goods and Services Tax (GST), the effective tax on under-construction projects has gone up to 12 per cent, which is an increase of 6.5 per cent. The actual GST rate is 18 … READ FULL STORY
The Real Estate (Regulation and Development) Act (RERA) is now a reality. The central government had already set the rules and now, the state governments are required to follow suit. States are required to … 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
Delay in construction and delivery of projects, is the biggest challenge that the real estate industry faces. This is a direct by-product, of the shortage of skilled manpower to execute the projects and streamline … READ FULL STORY
On November 8, 2016, the Government of India de-notified currency notes of Rs 500 and Rs 1,000 as legal tender. The temporary shortage of cash adversely impacted several sectors that depended on cash, notably … READ FULL STORY
Despite concerns over the fact that the housing market in Noida has a stock of over one lakh units, seasoned players seem to be betting big on its future growth. One important reason, is … READ FULL STORY
