Homebuyers can now check if the land under their building is encumbrance-free after RBI's recent directive requiring builders to disclose mortgage status.
HDIL will book INR 350 crore in the remaining quarters following an Income Tax raid, denying any hidden income or tax evasion.
RBI revises norms for loans to hotels and hospitals, excluding them from commercial real estate exposure. Provisions for commercial real estate reduced, but may increase.
The Pune Municipal Corporation has announced a 50% reduction in premium charges for small housing units under 50 square meters.
DIPP and RBI to meet over Lehman's $500M Indian real estate assets, exploring rules for repatriation of funds due to foreign investor bankruptcy.
Flat owners in Maharashtra are urged to utilize the state's stamp duty amnesty, as emphasized by Mr. Ramesh Prabhu, highlighting long-overlooked regulations.
The housing ministry enforces strict EWS quotas, warning developers of heavy fines for non-compliance and urging financial assistance for low-income families in home purchases.
The Goa government has raised stamp duty on properties and infrastructure tax, impacting beach-side home buyers, as part of the 2008-09 budget.