Thousands of commuters heading towards Hero Honda Chowk from different parts of old Gurgaon, via Basai Road, may expect a smooth and snarl-free drive soon. For, the perennially congested 5.8km-long two-lane road, between Hero Honda Chowk and Dwarka expressway, will be expanded to a six-lane driveway, punctuated with two flyovers, one underpass and one railway over […]
The Haryana Real Estate Regulatory Authority has received more than 500 applications from builders for registration of their projects in the last four weeks after the state government implemented the Haryana Real Estate Regulation Act (H-RERA). The Authority has also received over 100 complaints from aggrieved homebuyers. However, out of 500-plus applications, only 90 projects have been […]
The state government has identified land for relocation of Kherki Daula toll plaza, said sources close to deputy commissioner Vinay Pratap Singh, who revealed the plan at a district-level clearance committee meeting in Gurgaon on Friday. It will be allotted to NHAI within 15 days, after which, NHAI will complete the shifting by December. Earlier this month, Union minister for […]
Govt explores selling other assets of developers to help finish stalled projects The government is exploring ways of resolving a long-brewing real estate crisis that’s left home buyers in the lurch as developers have struggled to complete projects. With many of these delayed for up to five years and more, one of the proposals under […]
Goods and Services Tax (GST) is being levied at 12% on the purchase of an apartment or a developed plot from July 1. Now, for homebuyers, what would be the most suitable option–in terms of the stage of construction at which one buys–and why? Under the GST regime, no tax will be levied on purchase […]
Following the RBI’s signal in its quarterly policy to soften the interest rate regime on Wednesday, and the coming into force of a RERA in every state and UT, buying a house is going to be cheaper, and safer, now on Is it the right time to buy? Yes! Because: 1. Property prices have fallen […]
With RERA in place, buyers are showing enhanced interest in ready-to-move-in properties, says Ashwinder Raj Singh The residential real estate industry is registering significant changes on the ground after RERA came into force across the country. Other reasons attracting buyers to this asset class in today’s market environment: 1. IMPACT OF GST The implementation of […]
RBI has cut its key policy rate and a cut in the repo rate would act as an impetus to the lenders to reduce the lending rates further. After keeping its key policy rate unchanged at 6.25% for a long time, the Reserve Bank of India on Wednesday cut its repo rate by 25 basis […]
The NCR chapter of builders’ body Confederation of Real Estate Developers Associations of India (CREDAI) will ensure that the real estate regulatory Act (RERA) is being implemented and consumer grievances redressal forum works efficiently, according to its newly elected president Pankaj Bajaj. Bajaj, who is also the managing director of Eldeco Group, said the new leadership team […]
The Haryana cabinet on Tuesday approved the state Rera rules, clearing the decks for the new real estate law to be notified in the state. Amid fears expressed by various homebuyers’ groups that the state would bring in a diluted version of the central law, the first thing that the government said after the rules were cleared was that […]