Will government intervention help home buyers recover money from realty firms facing closure?
Experts are sceptical about what insolvency proceedings hold for aggrieved citizens.
On Wednesday, the government allowed home buyers to file claims against real estate companies facing liquidation. The government’s intervention came in the wake of panic in the National Capital Region last week after IDBI Bank initiated insolvency proceedings against real estate company Jaypee Infratech for failing to repay its loans. Those who had made advance payments Continue reading “Will government intervention help home buyers recover money from realty firms facing closure?”
Real estate firms reach out to PM on RERA
Real estate project developers have sought the intervention of Prime Minister Narendra Modi to successfully implement the Real Estate Regulation & Development Act (RERA).
In a letter to the PM, the Confederation of Real Estate Developers’ Associations of India (CREDAI) Continue reading “Real estate firms reach out to PM on RERA”
Triple Impact Of Demonetization, RERA And GST On The Real Estate Sector
The triple impact of Demonetization, RERA and now GST have brought dramatic changes in regulatory, tax and business environment in India. The implementation of these landmark developments within a short span of time is bound to create short term problems till our economy gets accustomed to it. However, in the long term all these are certain to make the industry more transparent which will Continue reading “Triple Impact Of Demonetization, RERA And GST On The Real Estate Sector”
Real Estate Investment: Is this a good time to buy your dream home? Find out
Barring a few unfortunate incidents in real estate, the dice seems to be loaded in favour of homebuyers currently. However, is it the right time to invest in real estate?
Barring a few unfortunate incidents of some housing projects getting delayed or some builders going bust, the dice seems to be loaded in favour of homebuyers currently. For instance, over the past one year, significant rationalization of property prices has been seen in many parts of the country, and property has now become Continue reading “Real Estate Investment: Is this a good time to buy your dream home? Find out”
MahaRERA registration for ongoing projects: Realtors face a minimum Rs 1 lakh penalty for delay
MUMBAI: Developers in Maharashtra who missed two previous deadlines for registering their ongoing projects will have to pay at least Rs 1 lakh as penalty for delaying applications.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to slap Rs 1 lakh or an amount equivalent to the registration fee, whichever is higher, as the penalty for applications received between Continue reading “MahaRERA registration for ongoing projects: Realtors face a minimum Rs 1 lakh penalty for delay”
Understanding real estate: income from house property
The world of real estate can be a confusing mine of legalese. Buying a home is the easiest thing you can do. It’s the documentation that comes after that is the hardest!
In our series of legal explainers, we take you through this complicated world, navigating the world of Continue reading “Understanding real estate: income from house property”
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
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
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
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”