Tag: real estate

SC cancels Amrapali Group’s RERA registration, directs ED probe

Following the court order, the ED will now register the money laundering cases against Amrapali, its CEO and Managing Director (CMD) Anil Sharma, and directors Shiv Priya and Ajay Kumar.

July 23, 2019

How technology is changing landscape of real estate investment for India

Not just in terms of construction, but even in terms of simplifying the property buying process, real estate brokers and agents are slowly adapting newer technologies

May 11, 2019

Hotels a real estate play or an operating business?

Hotel is a business of ‘patience’, like any other operating business

March 27, 2019

Real Estate: Housing sales rise 50% in 2018, but liquidity crunch limits recovery

Sales may surge in the second half if a proposal to cut GST rate on under-construction flats from the current 12 per cent gets approved and liquidity situation improves among NBFCs.

December 25, 2018

World Environment Day: Green buildings staircase to sustainable future

With a breakneck speed, India is emerging as an hotbed for investment in real estate capital, be it foreign or domestic. But, the question persists, how do we accommodate environment and real estate growth together?

June 4, 2018

Real estate developers seek growth in infrastructure

The real estate developers in Odisha have urged upon the government to remove hurdles and bottlenecks in rules and facilitate infrastructure development. At a recently held workshop, the All Odisha Developers body CREDAI shared their awful experiences with RERA authority. Founder member D S Tripathy explained the situation prevailing in the state after promulgation of …

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April 4, 2018

Several tax deductors fail to deposit deductions to Centre, notices I-T dept

The Income Tax department here has noticed that several tax deductors in the state are not depositing the deductions from source into the Central Government Account on time or not depositing at all. The tax so deducted is being diverted for the purpose of their business by such deductors. This is illegal at per the …

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March 13, 2018

Haryana among fastest growing states: Governor

Haryana has been reckoned among the fastest-growing states of India up to the year 2017, based on three key macroeconomic parameters including growth, inflation and fiscal health, and has done exceedingly well on Goods and Service Tax (GST) compliance front. This was stated by the Haryana Governor Kaptan Singh Solanki, while addressing the Haryana Assembly …

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March 5, 2018

RERA makes registration fee must for builders

The Real Estate Regulatory Authority (RERA) in Punjab on Friday has made it clear that the builders are liable to pay registration fee for their projects including independent floors constructed on individual plots. In a Press statement issued, RERA has clarified to the promoters about the category in which projects for construction of villas or …

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February 23, 2018

Only half P-RERA registrations after six months

Even after repeated reminders to get themselves registered with Punjab Real Estate Regulatory Authority(P-RERA), less than half of the total builders and real estate agents have turned up in past six months. Sources said nearly 900 registrations have been done by the authority including 390 registrations made by the builders of small and big projects. …

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February 12, 2018

Real estate still remains desirable asset for all India: Report

In a year marked with a series of policy changes to bring in more transparency, real estate remained a desirable asset for Indians as more than 15 lakh people actively searched to buy property in 2017, according to a report released on Wednesday. “How India searched for Homes in 2017”, prepared by online realty site …

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January 4, 2018

Take longer time to include real estate in GST: Sushil Modi

Bihar Deputy Chief Minister and GST Council member Sushil Modi on Friday said the inclusion of real estate in Goods and Services Tax (GST) would take “much longer time” as it is “not that easy” though the council is slated to discuss about it in the next meeting. “It is up to GST Council to …

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November 25, 2017

JP Associates-JSW keen on resolution of Jaypee Infra

Debt-riden Jaiprakash Associates said on Tuesday that along with JSW group, it has shown interest in completing real estate projects of group firm Jaypee Infratech as per the insolvency resolution plan. Jaiprakash Associates Ltd (JAL), part of the Jaypee group, also said that the Jaypee Infratech Ltd (JIL) has more assets than liabilities and it …

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November 15, 2017

Dark night for realty sector grows long

It was a year when India’s realty sector was shaken to its foundation. A majority of the big, medium and small realtors across the country suffered from a severe liquidity crunch, stalled projects, elusive investors and buyers and a near-blanket stay on new projects — especially in the lucrative commercial and luxury housing segments. How …

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October 27, 2017

Will appoint receiver and auction assets, SC tells Unitech’s Sanjay Chandra

The Supreme Court on Thursday said it will appoint a court commissioner as the receiver of real estate major Unitech’s properties to realise the Rs 7,600 crore to be paid to home buyers if they opt for refund of the amount given for buying flats. The bench of Chief Justice Dipak Misra, Justice Amitava Roy …

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September 21, 2017

SC asks Unitech to pay compensation to 39 home buyers

The Supreme Court today directed embattled real estate firm Unitech Residential Resorts Ltd to pay Rs 80,000 each as compensation to 39 home buyers towards litigation cost and causing harassment to them. A bench comprising Chief Justice Dipak Misra and Justices Amitava Roy and A M Khanwilkar disposed of the appeal filed by the real …

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September 21, 2017

Alibaba enters China’s housing rental market

China’s e-commerce giant Alibaba has signed an agreement with its home city government in Zhejiang province to use the company’s technology to create an online system for house rentals. The system will cover apartments put up for rent from all sources — the government, individuals, real estate developers and agents, according to the agreement signed …

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August 12, 2017