7 things that will make developers or brokers GST-ready

7 things that will make developers or brokers GST-ready – Realsta

As the Goods and Services Tax (GST) crossed the Rubicon on July 1, 2017, businesses across the nation, including developers, are clamouring for clarity on how to conduct their business. Under the new law, every business carrying out a taxable supply of goods or services and whose turnover exceeds the threshold limit of Rs 20 lakh, has to be compulsorily registered under  GST. Magicbricks talked to taxation expert Priyajit Ghosh, Partner, Continue reading “7 things that will make developers or brokers GST-ready”

HDFC realty fund extends Rs 500 crore loan to Lodha Developers

HDFC realty fund extends Rs 500 crore loan to Lodha Developers

MUMBAI: Private equity player HDFC Property Fund has invested about Rs 500 crore in realty firm Lodha Developers, in what some say could be an early sign of revival in the real estate sector, where reform measures like Real Estate Regulation and Development Act and GST are helping improve Continue reading “HDFC realty fund extends Rs 500 crore loan to Lodha Developers”

Gurgaon: All forums should join hands for strong RERA,say homebuyers

Gurgaon: All forums should join hands for strong RERA, say homebuyers

Homebuyers said the longer it takes for the forums to unite and fight against dilution of RERA rules, the easier it will be for the builders to get away

Several homebuyers, not aligned to any forums, have voiced their resentment over the bodies not coming together and pledging a united fight to avoid dilution of rules drafted under the Real Estate (Regulation and Development) Act (RERA) and ensure enforcement of Continue reading “Gurgaon: All forums should join hands for strong RERA,say homebuyers”

Gurugram homebuyers to move consumer court against Haryana RERA

Gurugram homebuyers to move consumer court against Haryana RERA

The buyers, who have invested in various ongoing real estate projects across Gurgaon, have already lodged several complaints with the Haryana government

GURUGRAM: A group of homebuyers, unhappy with the provisions of Haryana’s Real Estate Regulation Act (Rera), are planning to knock on the doors of the Continue reading “Gurugram homebuyers to move consumer court against Haryana RERA”

Ecommerce isn’t all gloom for real estate investors

E-commerce isn’t all gloom for real estate investors

Warehouses near residential areas provide a bright spot for real estate investment trusts

While ecommerce has raised existential questions over shopping malls, it has proved a boon for money managers betting on rising demand for the warehouse space and distribution centres that are indispensable for the growth of online Continue reading “Ecommerce isn’t all gloom for real estate investors”

Gurgaon will have its own RERA authority

Gurgaon will have its own RERA authority – Realsta

The separate RERA authority will consist of one chairperson and two members

City homebuyers, who had been striving for strong regulations for the real estate industry, may soon have a reason to smile. Gurgaon will soon have its own authority under the Real Estate (Regulations and Development) Act, 2016. The Haryana government said on Thursday that under the Act, two authorities will be Continue reading “Gurgaon will have its own RERA authority”

Govt moves to check benami, Aadhaar to be made must for property deals

Govt moves to check benami, Aadhaar to be made must for property deals

The government has also firmed up plans to enable electronic registration of properties, for which Aadhaar-based authentication will be a prerequisite.

In a move meant to curb benami transactions and the use of black money in real estate deals, the government is planning to make Aadhaar-based authentication mandatory at the time of Continue reading “Govt moves to check benami, Aadhaar to be made must for property deals”

India’s proposed Intellectual Property Exchange could help determine quality of patents

India’s proposed Intellectual Property Exchange could help determine quality of patents

Several firms in telecommunication, especially SMEs and startups, that have struggled to pay desired royalties to use essential patents can build new and expand existing IP portfolios, which can facilitate cross-licensing deals with other patent holders

Continue reading “India’s proposed Intellectual Property Exchange could help determine quality of patents”

Deadline ends: 23 states, UTs set up real estate regulatory

Deadline ends: 23 states, UTs set up real estate regulatory

New Delhi, Jul 31 (PTI) With the deadline for mandatory registration of ongoing projects under real estate rules ending today, 23 states and UTs have either established permanent or interim regulatory authority for the purpose.

Under the Real Estate (Regulation and Development) Act (RERDA), every state and UT must have its Continue reading “Deadline ends: 23 states, UTs set up real estate regulatory”