After demonetisation, the Real Estate (Regulation and Development) Act or RERA is being enforced to realise the ‘housing for all’ initiative by the government, and the implementation of the upcoming Goods and Services Tax (GST) will further streamline the real estate segment in India. GST is designed to encourage transparency and ease of doing business in the realty sector, but Read More

New Delhi: The income-tax department on Wednesday questioned Misa Bharti, MP and daughter of RJD chief Lalu Prasad, in connection with its probe into the alleged land deals worth Rs 1,000 crore and tax evasion. Sources said Ms Bharti was questioned about her personal finances and investments, especially in real estate, after she finally deposed before the investigating officer of Read More

As the third International Yoga Day celebrations kicked off in Lucknow today with Prime Minister Narendra Modi asking every citizen to make Yoga a part of their lives, the real estate fraternity, currently trying to come to terms with the new regulatory environment, said all challenges such as GST or RERA can be overcome through Yoga. “CREDAI congratulates all of Read More

Kamal Khetan, chairman & managing director, Sunteck Realty, tells Ateeq Shaikh why property prices will not decrease and stagnancy in the real estate prices in itself is a dip in the rates. He also shares his views on MahaRERA (Real Estate Regulation Act) and why his company will not venture outside Mumbai Metropolitan Region. What’s the situation in real estate Read More

  projects on RERA website Jaipur, Jun 1 (PTI) The Rajasthan government today made it compulsory for all real estate projects and agents in the state to register on the official website of the Real Estate Regulations and Development Act (RERA). The website was launched by Chief Minister Vasundhara Raje here today. The website www.rera-rajasthan.in will make the people aware Read More

Indian real estate is witnessing a ‘systems re-boot’ that began with demonetization, the legislation on benami properties, RERA Act and now, Goods & Services Tax. The Union Budget for 2017-18 also provided affordable housing with infrastructure status, coupled with the Pradhan Mantri Awaas Yojana (PMAY) to incentivize affordable housing production with interest subvention schemes. Real estate sector will benefit owing Read More

Project management is not a recent phenomenon in India. Over the last few decades, India has undergone rapid industrialization – predominantly in the manufacturing ‘clusters’, most of which thrive in and around the metropolitan cities of the country. Some of the prime movers for this rapid growth have been the steady increase in per capita income propelling urbanization, and the Read More

Millennial lifestyle trends like co-living is changing real estate sector India’s millennials, about 30% of our population, are typically changing jobs every 18-24 months and are increasingly valuing experiences over assets. This makes the concept of ownership no longer relevant for the urban Indian millennial. Especially when they think of homes. Millennials want flexible, social and affordable homes. They want Read More

Real estate has always been one of America’s most lively industries. Every year, some two million licensed agents and 86,000 brokerage firms work day and night to move billions of dollars worth of commercial and residential properties. Bearing that in mind, it’s not difficult to imagine why so many young professionals flock to join the industry. But it takes a lot of hard Read More

Air India is planning to sell its properties and land parcels across the country. Civil aviation minister Ashok Gajapathi Raju met finance minister Arun Jaitley on Thursday to decide the process. Sources privy to the discussions say the idea is to sell real estate assets in cities, airport locations, and airline offices at prime locations. A consultant will be appointed Read More