With an aim to address grievances of buyers and to bring transparency in India’s real estate sector, the government is planning to implement RERA Act starting from May 1 this year. The upper house of Indian Parliament, Rajya Sabha had passed the Real Estate Regulation and Development Act (RERA Act) in March 2016, which is […]
Chief minister Manohar Lal Khattar on Saturday asked the Haryana urban development authority (Huda) to connect the Northern Peripheral Road (NPR) to National Highway (NH-8) near Kherki Daula in order to make the much-awaited expressway operational for traffic at the earliest. The NPR project, also known as the Dwarka Expressway project is likely to be […]
After May 1, when the Real Estate Regulatory Authority (RERA) is in place, the realty sector will likely see an uptrend with slight price correction, say industry players and stakeholders. This is likely as genuine buyers may pitch in on the back of an improved consumer climate and lower home loan rates. “Considering the present […]
M Venkaiah Naidu, Union urban development minister, has assured that GST will not lead to any price rise of houses in the country. He also promised that the new regime would maintain zero service tax on affordable housing Parliament passed all the four supplementary legislations to enable the government to roll out the landmark Goods […]
Call it the RERA effect, or what have you, but a majority of the nation’s developers seem to be on a `Mission Project Completion’ these days Industry experts say that developers are currently invested in faster completion of their projects to comply with the “timely completion“ clause of the Real Estate Regulatory Authority (RERA), slated […]
Huda on Thursday started construction of the remaining portion of Southern Peripheral Road(SPR), nearly a month after clearing the last hurdle — rehabilitation of oustees of Rambir Ki Dhani. Officials said the stretch is likely to be completed in the next one month. The completion of SPR will resolve the connectivity problems of new sectors […]
In a major relief for middle class home buyers, the Government on Wednesday announced substantial interest subvention for those with annual income of above Rs 6 lakh and up to Rs 18 lakh per year. The benefit will be available on housing loans taken in 2017 under Pradhan Mantri Awas Yojna. Those with annual income […]
Real Estate is increasingly becoming one of the preferred mediums for investment, both for Private Equity (PE) investors as well as individuals. Investors are proactively enhancing their exposure to real estate asset class as an objective to preserve & expand wealth & mitigate risk. In a study conducted by International Property Consultant (IPC) Colliers in […]
Real Estate Industry body, NAREDCO has urged the Haryana Government to speed up work for completion of the much awaited Kundli-Manesar-Palwal Expressway (KMP). The work on the proposed expressway was supposed to get completed by 31 March of this year. The date has now been postponed to mid of June 2017. According to officials of […]
Promoters of realty giant DLF K P Singh and his family have decided to sell their entire 40% equity in their flagship company in commercial space DLF Cyber City Developers (DCCDL) to Singapore-headquartered private equity firm GIC, formerly known as Government of Singapore Investment Corporation. The statement issued by the company did not divulge the […]