Many housing societies may not own land in Master Plan of Delhi’s new zones and may have sold apartments in the garb of society membership and collected over Rs 1000 crore.
Real estate experts say that stamp duty and property taxes may continue to be levied on immovable properties
Once the amendment is through, confirming the identity of buyers and sellers of properties will be possible by simply matching the biometric information. It will help them register properties from their homes
Townships will come under pressure under RERA as developers will have to execute these projects in phases
Real estate brokers agree that the soundbytes from the US administration have been rather harsh on Indian IT professionals
Homebuyers cannot raise violations under RERA in a consumer court such as NCRDC. This means that only issues pertaining to existing projects that have a completion certificate can be settled by NCRDC.
Since registration with the RERA has been made mandatory for any project to be marketed and sold, further delay in setting up regulatory infrastructure could impact the operations of real estate developers, especially in the case of new project launches.
Effective implementation could be a challenge given the lack of certain regulatory norms, lesser uniformity and that only seven states have come on board the RERA regime.
Brokers say that real estate sales may suffer due to confusion regarding whether it is permissible to sell or purchase until there is a regulatory authority in place.
The states that have notified the rules are Uttar Pradesh, Gujarat, Odisha, Andhra Pradesh, Maharasthra, Madhya Pradesh and Bihar.
Four decades ago, PNC Menon dropped out of college and headed to Muscat with Rs 50 in his pocket. Today, he helms a multi-billion-dollar real estate empire that extends from Saudi Arabia to India
Despite this being an unorganised market, superior returns of this asset class has attracted investor interest
The demand for student housing is expected to see a rapid growth in India and real estate firms should tap opportunity in this segment to beat current slowdown in the residential market, according to JLL India.
In view of the consistent lossesrnarising from large claim settlements and other negatives likernfalling interest rates that will crimp their investmentrnincome, non-life insurers are planning to increase the premiumrnrates by 10-15 per cent in certain segments to protect theirrnbottomlines.
Although a rating system for real estate exists in India, this system has not evolved and is also prone to criticism, vis-Ã -vis its objectivity. Analysts maintain that real estate ratings, have to evolve beyond R
From the initial choice, to finalising the purchase of your first rental property as an investment, there‘s plenty of planning and work involved. You should begin hunting for your rental investment property with an R
Delhi‘s deputy chief minister Manish Sisodia, while presenting the budget in the Delhi assembly, has proposed a total expenditure of Rs 5,506 crores for public transport, including road infrastructure in FY 2017-18. This includes R
Deputy chief minister Manish Sisodia, while presenting the budget for Delhi on March 8, 2017, said that the government has resolved to provide piped water supply in all the authorised and unauthorised colonies and R
When Arpita Gupta, a clinical psychologist, came to New Delhi for her research work, she was unable to find a rental accommodation in and around Delhi, where she could stay for just a few R
Earlier, whatever interest that a borrower paid against a housing loan, was allowed to be completely adjusted from the income, as a deduction. Now, this deduction has been capped to Rs 2 lakhs and R
“I can't think of a better career choice” believes Surabhi Arora, Senior associate director – research, Colliers International, Gurgaon.
â€œIt is incredible to own a house to fulfill my father‘s dreamâ€ Manada Chandrakant Udagatti Senior manager in a shipping company, Mumbai Women, these days, are independent and are opting to buy their own R
A lot of research and discussion, have gone into the topic of gender diversity and the role of women in senior positions in companies. More often than not, most of the results pegged that R
â€œWhen I bought my first house, I was 23 and at that time, owning a home was big thing. Looking back, it has turned out to be a wise investment, which has appreciated. Moreover, R
The report on the revised Development Plan (DP) for 2034, for Mumbai, has done away with the controversial zoning of ‘No Development Zones’ (NDZ) and has, instead, categorised this land as Special Development Zone-I R