The implementation of reforms such as RERA (Real Estate Regulation and Development), GST (Goods & Service Tax) have changed the dynamics of the real estate sector. It may lead to near-term pain till the industry adjusts to the new rules, but will certainly augur well for the sector in the future. RERA has paved the […]
At a time when housing sales dropped 18% year on year to 44,755 units in nine major cities during the September quarter on continued slowdown in the property market, sales in Gurgaon rose by 60% to 3,342 units, according to a report by realty portal Prop Tiger.com. The report said Mumbai also saw a 6% […]
The new law calls for a change in business model to bring in standardisation and systematic urban planning. Various state governments are now framing rules for implementation of the Act and constituting the Rera with which developers have to register all their projects. The new law calls for a change in business model to bring […]