West Bengal's new property tax proposal faces criticism from CREDAI Bengal, citing increased transaction costs and negative impacts on the real estate sector due to inflated property valuations.
SEBI files petition with Supreme Court to hear all cases against Sahara firms and its chief, seeking to transfer cases from other courts and prevent further entertaining of applications by the firms.
Govt to Probe 18 Realty Firms for Alleged Forgeries & Dubious Schemes
HUDA removes construction deadlines for residential and commercial plots, allowing allottees to build based on financial stability. Extension fees apply after 12 years, with variations for plot sizes and commercial properties.
Securities Appellate Tribunal to hear Sahara's plea against SEBI's asset attachment
SEBI questions Subrata Roy Sahara and 3 other Sahara directors over asset details
SEBI seeks Supreme Court's permission to arrest Sahara Group's Subrata Roy and two directors for non-compliance with August 31 order to refund Rs.24,000 Cr to investors.
Budget 2013-14, announced by Finance Minister P. Chidambaram, introduces mixed measures impacting both high earners and common taxpayers, with changes in tax structures, luxury items becoming costlier, and benefits for first-time home buyers.
Delhi High Court directs DDA to investigate illegal residential plot dealings in the city. A PIL filed by a Delhi resident prompted the order, alleging illegal sale and purchase of plots allotted under DDA schemes.
Noida Authority reveals 50 developers haven't paid dues, causing a Rs. 3,000 crore loss. The authority plans to amend the 2008 scheme that allowed 10% upfront payment for land, intending to recover the substantial losses.
CREDAI criticizes BDA's redefined "apartment" and "group housing," citing vagueness and potential harassment for homeowners in Bhubaneswar.
Real estate developers clash with Maharashtra government over mandatory 20% EWS housing reservation in new projects.
CREDAI president Lalit Kumar Jain highlights Bihar's efficient real estate approvals, contrasting it with Maharashtra's slower system. He discusses challenges like approval delays and the 20% EWS reservation policy.
1% TDS proposed on property transfers exceeding ₹50 lakh in urban areas and ₹20 lakh elsewhere, effective October 1. The move aims to curb unaccounted money.
The Income Tax Department is investigating real estate deals in New Delhi to combat black money and tax evasion. They will scrutinize developer funding and individual transactions.
RBI & DIPP to regulate Real Estate Firms' access to External Commercial Borrowings (ECBs) with stricter norms, citing misuse concerns.
Delhi Govt cracks down on illegal constructions, targets unauthorized colonies and vows to punish both guilty parties and negligent officials.
RBI restricts Urban Co-operative Banks' real estate exposure to 15% of total deposits, impacting commercial and housing loans.
The Competition Commission of India is addressing malpractices in real estate, focusing on misleading advertisements and consumer complaints against developers.
Delhi Cabinet approves first property registration fee hike in 45 years, aiming to boost revenue collection from ₹1.5 crore to ₹100 crore annually.
Around 44% of the population earns between Rs 8,500 and Rs 40,000 monthly. Are affordable homes truly accessible to this segment, especially with financing challenges? Expert Arun Mohan proposes solutions in his book "Affordable Housing: How Law and Policy can make it possible."
Real estate in India lacks a strong consumer movement and transparent investment guidance. The current price surge has shifted focus from need-based to profit-driven investments.
New real estate bill aims to protect homebuyers by regulating developers, ensuring project legitimacy and transparency through mandatory registration and approvals.
The Naveen Patnaik Government’s failure to help companies secure land has delayed 14 mega industrial projects worth Rs 2 lakh crore.
National Housing Bank aims to expand NHB Residex to all cities with a population of over one million by the end of next year.