Monday , 26 June 2017
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Real Estate

GST’s impact on real estate

This year, the real estate industry in India is set to undergo major transformation with the imple-mentation of the Real Estate Regulation and Development Act 2016 (RERA). Another significant change is the implementation of the Goods and Services Tax (GST) from July this year. We find out how does GST impact the real estate in India. Regulation of prices Though ... Read More »

HC stays recovery proceedings against real estate developer

The Delhi High Court has stayed the recovery proceedings against a real estate developer over alleged failure to repay a loan amount of over Rs three crore to a company which had lent the money. Justice Jayant Nath also appointed a retired district and sessions judge as an arbitrator to adjudicate the dispute between the parties. The court said the ... Read More »

Emaar hires Goldman Sachs to manage IPO of real estate unit

Emaar expects to complete the initial public offering by November. Photo: Bloomberg Dubai/Abu Dhabi: Emaar Properties PJSC has hired Goldman Sachs Group Inc. to manage the sale of shares in its United Arab Emirates real estate development business in Dubai, chairman Mohamed Alabbar said. The developer of the world’s tallest tower expects to complete the initial public offering by November ... Read More »

Gujarat gets interim real estate authority

Manjula Subramaniam, former chief secretary and ex-vigilance commissioner of Gujarat AHMEDABAD: After having notified the rules of the Real Estate (Regulation and Development) Act, 2016 (RERA) early this month, Gujaratgovernment on Thursday appointed an interim real estate regulatory authority for the state. Manjula Subramaniam, former chief secretary and ex-vigilance commissioner of Gujarat, has been named chairperson of the state-level authority. However, ... Read More »

Sub-registrar arrested for real estate fraud

HYDERABAD: Kukatpally sub-registrar Rachakonda Srinivasa Rao and two honchos of real estate firms were arrested on Sunday for fraudulently transferring 693 acres of government land in favour of the two companies, causing a loss to the tune of Rs 587 crore to the government. Cyberabad police, in an official release issued here, said Rachakonda Srinivas Rao, sub-registrar of Kukatpally, Trinity ... Read More »

Mumbai property: To make housing affordable, BMC eyes real estate market booster shot

According to the report, the BMC, following long and detailed discussions with the Maharashtra Chamber of Housing Industry (MCHI) on May 19 has plans to reduce the costs of rising projects for builders. (Reuters) Mumbai property slowdown: The Brihanmumbai Municipal Corporation (BMC) may reduce a few charges and penalties that have been levied upon builders to counter the slowdown in ... Read More »

J&K may be first to bring real estate under new regime

SRINAGAR: Jammu & Kashmir may be the first state in the country to bring real estatewithin the ambit of goods and services tax (GST) when it enacts laws to integrate its indirect tax regime with other states, state finance minister Haseeb Drabu indicated. While the Centre and the states had amended the Constitution to move to GST, J&K will have ... Read More »

These Cities Are the 10 Biggest Comeback Stories in U.S. Real Estate

MasterLu/iStock; realtor.com Everyone loves a great comeback story. And there are plenty to go around. Rocky. Steve Jobs. The Chicago Cubs. Jesus. Lil Bub (Google her!). And, with apologies to Jesus, perhaps the most impressive comeback of all, the one that hits us exactly where we live: the housing industry. After all, the 2007 real estate crash was a trauma that cut a wide ... Read More »

Foreign Banks Reduce Lending to U.K. Commercial Real Estate

North American banks cut new lending for U.K. commercial property by more than half last year as a market slowdown reduced the number of big deals being done. Banks focused more on refinancing existing loans than extending new credit, a trend that favored domestic firms, according to a survey of 77 lenders by De Montfort University. U.K. banks and building societies were ... Read More »

Young investors get into property a brick at a time

Young Australians, many put off by the rising cost of property, make-up around 50% of the customers for fintech startup BRICKX. The survey of over 1,000 of the company’s 3,120 members found that half are aged under 35 and of that group, 74% have never owned property before investing in BRICKX. The company buys Australian residential properties and separates each into ... Read More »