PUNE: Members of the State Housing Federation have developed a mobile application with the assistance of the department of cooperation to instruct housing societies on how to execute a conveyance deed or considered conveyance. The conveyance deed, also known as a presumed conveyance, refers to the builder transferring land in the name of the housing […]
There is now a Maharashtra conveyance deed process app.more
MUMBAI: On Thursday, the Bombay High Court ruled that a Maharashtra town planning law does not exempt developers from paying development charges for projects on civic or government land, including redevelopment. The legislation was never intended to allow a developer or any third party seeking to redevelop a plot owned by a public body or […]
Bombay HC: There is no development fee for projects built on government land.more
In the 47th GST Council Meeting, the Finance Ministry’s revenue department has introduced 18 per cent GST on residential rentals across the country. The dynamics of renting residential property under GST has changed with an immediate effect from 18th July 2022. On the basis of notification, a residential dwelling rented to a person registered under […]
18% GST on residential rental to impact rental real estate.more
ICRA expects the combined sales volume of the completed and under-structured inventory to decrease by 40-60% due to Covid-19 for the current year. The preference for a completed inventory is therefore expected to continue to favour developers with a greater share of these projects. It anticipates that expenditure on ongoing projects will decrease by approximately […]
ICRA predicts overall real estate inventory to decrease by 40-60%.more
On April 26, the Haryana government said small residential industrial construction sites employing up to 10 workers, within the Municipal Corporation, municipalities, and rural areas, do not need permission to operate during the lockdown. A letter was issued by the Haryana Labour Department to the administrative secretaries, to the division commissioner and to the deputy […]
Construction sites with up to 10 workers do not need permission to operate.more
A representative of homebuyers in Greater Noida, the Noida Extension Flat Owners Welfare Association (NEFOWA) urged builders not to increase maintenance charges in the housing society during the lockdown. When a few developers in the area increased maintenance prices, the Association wrote to the Confederation of Real Estate Developers Association of India. Eros Group, which […]
NEFOWA requested builders not to raise maintenance charges in the housing society during the lock-down.more
To take on coronavirus, several schools, hospitals, and facilities have opened their doors for citizens suffering through the lockdown time to reach both ends. However, the Rajasthan Housing Board (RHB), which has 16,000 vacant properties, is still in progress to give any solace to the suffering people. State residents also volunteered to cater migrant workers […]
Rajasthan Housing Board might provide 16,000 vacant flats to COVID-19 patients.more
With developers leaving projects unfinished and a lot of people not getting the possession of their house on time, Indians nowadays have been highly careful when it comes to buying a home. Because of Amrapali and other cases in the past, people have lost confidence in developers and are reluctant to bring their money into […]
What are the Advantages and Disadvantages of buying a ready-to-move house in 2020?more
Finding it hard to keep a tab on people being asked to be home-quarantined to control coronavirus disease (COVID-19), Pune Municipal Corporation (PMC) has now placed the responsibility on the chairpersons of housing societies to see if the respective residents are being confined. The officials of the civic body have agreed to send the list […]
PMC makes housing societies’ chairpersons accountable to make the residents home quarantined.more
Realty developers are now advertising their latest releases through digital platforms, as the Covid-19 outbreak and the predicted reduced amount of visits of homebuyers at their sales offices provide no relief. Several major developers such as Godrej Properties, Total Environment Building Systems, and Prestige Group have introduced digital site tours, confirmations and verifications from email […]
Realty developers to advertise and close the housing deals via digital platforms.more