Tag: #Industry

Experts say the government should refund GST if an incomplete house purchase is cancelled.

December 20, 2022

Experts say the government should refund GST if an incomplete house purchase is canceled. Homebuyers who cancel their purchase of an under-construction home after paying the purchase cost and GST will receive a refund from the government, according to experts. In the 48th GST Council meeting, the finance ministry stated that there is no procedure […]

Experts say the government should refund GST if an incomplete house purchase is cancelled.more

Real estate private equity investment fell 17% to $5.13 billion.

December 19, 2022

NEW DELHI — According to Knight Frank India, private equity real estate investment fell 17 % this year to USD 5.13 billion as investors became cautious amid geopolitical and inflationary concerns. Private equity (PE) investment, in both pure equity and debt form, fell in the housing, office, and retail segments in 2022, while it increased […]

Real estate private equity investment fell 17% to $5.13 billion.more

Customers are irritated by the slow execution of MahaRERA recovery orders.

December 16, 2022

PUNE: Arun Seth (78) has been waiting nearly four years for revenue officials to execute a recovery warrant issued by MahaRERA against the contractor for the delay in ensuring possession of an apartment he purchased in Mumbai. “We had reserved a 550-square-foot one-bedroom flat in Malad in 2011. The developer and I reached an agreement […]

Customers are irritated by the slow execution of MahaRERA recovery orders.more

Builders have asked the Rajasthan government to eliminate double taxation in real estate transactions.

December 13, 2022

JAIPUR: During a meeting with Principal Secretary (Finance) Akhil Arora, the state’s real estate developers stated that they pay stamp duty when purchasing land and signing development agreements. Once again, when they sell the housing units, the buyers must pay stamp duty. “The stamp duty and registration fees are charged twice for the same land,” […]

Builders have asked the Rajasthan government to eliminate double taxation in real estate transactions.more

MahaRERA will approach UDD for a portal that displays approvals.

December 12, 2022

PUNE: The MahaRERA will approach the state’s urban development department (UDD) to establish a dedicated portal for all commencement and occupation certificate approvals. There is currently no portal that displays such permissions. One of the mandatory requirements for registering a project under the Act is that the promoter submits an application for a commencement certificate. […]

MahaRERA will approach UDD for a portal that displays approvals.more

The Ahmedabad civic body receives 1,088 applications for construction regularization.

November 26, 2022

AHMEDABAD: On Friday, the state urban development group announced that it had received 1,900 applications from cities and towns across the state under the new impact fee policy, the Gujarat Regularization of Unauthorized Development Ordinance (GRUDO) 2022. According to the department, the urban development department has yet to review applications. Property owners who want to […]

The Ahmedabad civic body receives 1,088 applications for construction regularization.more

MahaRERA increases the number of checks required to register projects.

September 26, 2022

The Real Estate (Regulation and Development) Act currently has 37,823 projects registered in the state. According to a Maharashtra Real Estate Regulatory Authority (MahaRERA) official, applications for 1,096 projects are being finalized. PUNE: For the benefit of consumers, builders who register their projects with MahaRERA will now face stricter scrutiny. The state currently has 37,823 […]

MahaRERA increases the number of checks required to register projects.more