Thursday , 21 February 2019
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Real Estate

Ultimatum by Punjab real estate regulator: ‘Get registered by July 31 to carry on with business ’

The builders and real estate agents who have not come forward yet to register themselves under the Punjab Real Estate Regulatory Authority (RERA) should better hurry. The July-31 deadline for the mandatory registration is set to expire in eight days, but only six builders have applied for registration under the newly created real estate watchdog. It is despite the fact ... Read More »

Now, buy real estate as a structured financial product

After three tsunamis of demonetisation, RERA and GST, the real estate market is coming up with innovative offers with structured deals woven together for investors. The deals involve projects wherein the developer agrees to buy back the units at pre-determined returns if the desired sales rate is not achieved within a pre-defined period. The investor has the option to go ... Read More »

City real estate market turns the corner: report

‘Unsold housing units inventory plummets by 30% to 28,110 units in last 2 years’; industry hopes recent policy initiatives by government will drive further growth In an indication that the Chennai real estate market may have turned the corner, sales and launches of housing units attained the levels seen in mid-2015. “Compared to the last two years, 2017 began on ... Read More »

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 »