IBA and CREDAI join up to solve unfinished project.

By Abhay Harish Shah , Realty Quarter                               The problem of delaying the unfinished projects is quite annoying and stressful for the residing people. Recently, In an ongoing gathering with agents of the Indian Banks Association (IBA), real-estate developers examined different issues like taking over of incomplete […]

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Maharashtra cuts 50% FSI for commercial or mixed used plots

By Abhay Harish Shah , Realty Quarter As towns are getting populated and it makes living so congested the state government has planned to reduce basic Floor Space Index also known as FSI by 50%. This rule is majorly for commercial, mixed-use and industrial plots in unified development control regulations (DCR). They say that FSI of big residential plots can […]

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Real Estate Investment Trust (REIT) and its Advantages.

REIT

By Abhay Harish Shah , Realty Quarter The basic term for any investment need was LIC, Mutual Fund, Gold and Real-estate. Gone are the days when a large number of people were investing in real-estate. Due to a static market, people don’t tend to invest in real-estate as much, as it used to be previously. Real Estate Investment Trust (REIT) […]

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Service Tax charged on Redeveloped projects done by Developers

Service Tax charged on Redeveloped projects done by Developers

By Abhay Harish Shah , Realty Quarter Again a new problem arose for the real estate people. A developer redevelops a society and delivers the apartment to its original owners for free of cost. The tax department wants to impose service tax on those projects which have been redeveloped and delivered. The Indirect tax department has issued about 400 notice […]

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GST dropped from 12% to 5% on Under-Construction Houses

GST

By Realty Quarter Bureau Buying a House has become a nightmare especially for neo-middle & middle-class people. But, it looks like things are going to be changed. As per the latest news, The Goods and Service Tax (GST) are going to be slashed from 12% to 5% on under construction houses. The new rate will be effective from April 1st […]

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NRIs Buying Indian Property, And Indians Buying Property Abroad

NRIs Eyeing Indian Properties Ever since the Indian rupee began nosediving, more and more NRIs (non-resident Indians) have turned their focus to the Indian real estate market. There are good reasons for this. Other than the favourable exchange rate, the new regulatory environment driven by RERA, DeMo and GST have served to clear up a lot of the misgivings that […]

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Nearly 2.67lakh more homes to sanctioned for urban poor under PMAY –U

By Realty Quarter Bureau The approval was given in a meeting of the Central Sanctioning and Monitoring Committee of PMAY (U), which was held under the chairmanship of Union Housing and Urban Affairs Secretary Durga Shanker Mishra. The Centre approved construction of nearly 2.67 lakh more affordable houses for the poor in 10 states under the Pradhan Mantri Awas Yojna(Urban), […]

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Vacant Affordable Housing – Causes (and Solutions?)

By Anuj Puri, Chairman – ANAROCK Property Consultants In any discussion about affordable housing in India today, the fact that a lot of such housing is actually lying vacant is bound to crop up. One may point out that, especially with the Government’s avowed intention of providing Housing for All by 2022, this supply should logically go towards bridging the affordable […]

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New Housing Launches up by 50% in Q2 2018

By Anuj Puri, Chairman – ANAROCK Property Consultants Affordable Housing Keeps the Momentum Going   Unsold inventory down 2% from 7.11 lakh units in Q1 2018 to 7.0 lakh units in Q2 2018 Unsold inventory declined 10% from 7.7 lakh units in Q4 2017   There has been a whopping 50% jump in overall new housing launches in Q2 2018 over the preceding quarter, with […]

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Empowered Committee to set up soon for resolving home buyers issues: Housing Minister

By Realty Quarter Bureau The empowered committee, set up by the Housing and Urban Affairs Ministry, will reach out to home buyers to resolve their problems ‘at the earliest’, Union minister Hardeep Singh Puri said, on July 1, 2018. The union minister of state (independent charge) for housing and urban affairs said that on June 25, 2018, the committee, chaired […]

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