real estate

real estate News

Mumbai: No action taken, homebuyers yet to get justice

From May 1, 2017, when Real Estate Regulatory Authority (RERA) came into effect in Maharashtra, more than 20,000 projects have been registered.

Sale of flats without nod: Haryana body notice to Supertech

Supertech, however, denied the charges. “We have not sold any land in Gurgaon. HARERA issued showcause notice... without any concrete evidence. We will reply to the notice with all facts and evidence,” said R K Arora, Chairman, Supertech.


Maharashtra approves sale of prime plots at 10th of market rate

Mumbai alone has about 3,000 such societies. A committee of bureaucrats had earlier recommended collecting at least 60-75 per cent of RR values for such conversion. But with elections in sight, the state’s political leadership sidestepped this recommendation.

Title insurance for realty sector fails to pick up despite made mandatory

The Real Estate Regulation and Development Act 2016 (RERA) mandates the purchase of Title Insurance for all new and ongoing property developments registered with the regulatory body.

Explained: What GST rate cut for real estate mean for home buyers

This move will offer a push to the demand in the under-construction segment, which has been suffering from low sales levels for several quarters.

RoC had no info about PAN of 95% real estate companies: CAG

The report contains significant results of the performance audit on 'Assessment of Assessees in Real Estate Sector' completed by Department of Revenue (Direct Taxes) during financial years 2013-14 to 2016-17.


Realty market picks up, Maharashtra likely to meet revenue target

With the real estate already reeling from a general economic meltdown, buying and selling of properties in the Mumbai Metropolitan Region (MMR), which is India’s biggest real estate market, had slowed down considerably after the demonetisation in 2016.

On GST Council table: Tax relief for real estate, duty relaxation for exporters

The proposal was discussed in 26th GST Council meeting in March last year and since many technical, legal and administrative issues were identified, its implementation was put on hold.

Realtors give up on budget, say FM will woo voters, not industry

Anarock Property Consultants chairman Anuj Puri says any government facing polls usually try to make a strong electoral pitch by offering tax sops or promises of welfare schemes even in interim budgets.

At $238 mn, this is the highest-priced home in the US

The sale dwarfs the previous record-holder in New York City, a $100.5 million duplex sold in 2014.