Govt forms panel to resolve GST issues troubling real estate sector

15/01/2019

New Delhi: The government on Tuesday announced the composition of a seven-member Group of Ministers (GoM), which will examine and suggest ways to resolve the issues plaguing the real estate sector after the implementation of the Goods and Services Ta

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GST cut on housing sales 'revolutionary step', to boost sentiments: Experts

25/02/2019

Property developers and consultants Sunday hailed the GST reduction on housing sales and termed the move as a "revolutionary step", saying it will boost sentiments and help the cash-starved sector in clearing around 6 lakh unsold homes.The GST Counci

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Home loans of up to Rs 35 lakh may cost less in metros

07/06/2018

The decision of the Reserve Bank of India (RBI) to hike repo rates by 25 basis points, indicating tightening in the interest rates, could make all loans including home loans costlier, but the revision of housing loan limits for priority sector lendin

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Implement RERA, forum tells West Bengal

03/08/2018

Forum for People’s Collective Efforts (FPCE), a notfor-profit panIndia home buyers’ association, earlier popularly known as “Fight for RERA” has appealed to West Bengal chief minister to repeal West Bengal Housing Industry Regulation Act (WBHIRA) and

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Interest SOP for Homes up to 2,100 SQ FT

10/02/2019

In a move that could benefit homebuyers in tier 3-4 cities, the Union housing and urban affairs ministry has raised the carpet area if houses eligible for interest benefit under the PM Awas Yojna for the middle –in-come group by 33%, reports Dipak Da

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PM Awas Yojna: Govt raises carpet area up to 2,100 sq ft for interest sop

13/06/2018

If your annual income is up to Rs 18 lakh, you can now avail of Rs 2.3 lakh up front interest subsidy even for buying a 2,100 sq feet flat or house with three or four bedrooms. The housing and urban affairs ministry on Tuesday increased the carpet ar

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Realtors offer more ready flats at affordable rates

30/01/2019

MUMBAI | BENGALURU: Realty developers are aligning their business strategies with market realities by offering more ready-to-move-in apartments with affordable ticket prices. MUMBAI | BENGALURU: Realty developers are aligning their business strategie

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Realty mixed bag: Home sales plunge; commercial, logistics sectors see growth

10/01/2019

The delay in implementation of the West Bengal Housing Industry Regulation Act (WBHIRA), 2017, the state’s version of the Real Estate (Regulation & Development) Act, 2016, had triggered a slump in home sales in Kolkata in 2018 even as all other m

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Rs 400cr resort project raises Singur hopes

23/08/2018

KOLKATA/SINGUR: Realty firm Purti plans to set up a resort, to be managed by JW Marriott, with luxury weekend homes on a 45-acre plot in Singur, with a proposed investment of Rs 400 crore. The announcement has revived hopes of fresh investments in th

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SC admits home buyers’ plea to repeal West Bengal’s HIRA

12/02/2019

“There’s no presidential assent to WB HIRA and therefore is unconstitutional in view of Article 254 (2) of the constitution of India,” said Devashish Bharuka representing the petitioners.MUMBAI: The Supreme Court has issued a notice to West Bengal go

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Selling many flats to buy one? You can get tax benefits: ITAT

12/02/2019

It is not uncommon for taxpayers to sell more than one house to buy a larger accommodation or move to a tonier area.MUMBAI: In a landmark decision, the Income Tax Appellate Tribunal (ITAT) has held that a taxpayer can avail of tax benefits where long

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State makes property mutation process online to weed out touts

25/12/2018

Forget the days of running from pillar to post to get the mutation done after buying a property. Soon, you will be able to do it online. The state cabinet on Monday made the entire mutation process online, so that people don’t have to face third-part

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West Bengal's HIRA challenged in Supreme Court

12/02/2019

West Bengal is the only state that has not implemented the Real Estate Regulation Act (RERA), passed by Parliament.NEW DELHI: The Supreme Court on Monday admitted a petition filed by a group of home-buyers, which challenged the constitutional validit

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What real estate gained in Budget 2019?

01/02/2019

Read what interim budget 2019 offered to the India real estate industry. NEW DELHI: Interim finance minister Piyush Goyal presented the interim Union Budget 2019-20 on February 1.According to Goyal, “We are poised to become a five trillion dolla

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