The Confederation of Real Estate Developers’ Association of India (CREDAI) has launched an app to facilitate home buyers in buying property through credible developers. The app will help buyers to identify their preferred projects and contact developers directly. The app was launched by Minister of Transport, Housing and Environment, Forest, Law of Chattisgarh, Mohammad Akbar along with Chattisgarh RERA Chief Vivek Dhand. Read More

  New Delhi: The Income Tax Department has detected about Rs 470 crore TDS (tax deducted at source) default by some big Delhi-based corporate houses after surveys were conducted against them recently, officials said. The department’s TDS wing in Delhi has launched a special monitoring of private companies and government organisations in order to ensure that due taxes are deducted under this direct taxes Read More

Deteriorating finances in Mumbai — whose budget is bigger than several of the states — bodes ill for India’s economic revival because local expenditure has a bigger impact than that by Prime Minister Narendra Modi’s administration. Mumbai’s municipal body expects income on its rS 786.7 billion of investments to drop 11% due to lower bank interest rates in the next Read More

The latest RBI credit policy has thrown a lifeline to real estate companies. I don’t think they thought RBI could have this kind of consideration for commercial companies? No, it is commercial real estate and it includes residential. When they say commercial real estate, it means residential, retail, commercial all the three. That is how commercial real estate lending is defined in the banking Read More

  The real estate sector, which accounts for the majority of the savings of Indian households, has been notorious for malpractices such as project delays, siphoning of investors’ money, changing the layout of the projects without the consent of homebuyers, increasing the prices arbitrarily and so on. However, given the fall in demand and corrosion of homebuyers’ trust, developers are now Read More

To protect the interest of home buyers and other parties involved in a property transaction, against issues related to the title of a property, The Real Estate (Regulation and Development) Act (RERA) has mandated developers to buy title insurance. It is a tool to mitigate the risks related to the transfer of title of a property—the instrument that provides evidence Read More

Budget 2020 Expectations for Real Estate: Income tax relief from the chargeability of notional rent on fresh/new purchase of under-constructed properties, even if the property remains unrented, is another measure that once implemented, will have a positive impact on the sector. Budget 2020 Expectations for Real Estate: With the Budget 2020 just a few days away, the real estate sector is Read More

  The real estate sector is looking to the India Union Budget 2020 with great expectations in a bid to get some relief from liquidity woes. Homebuyers, meanwhile, are also hoping for announcements that would ease their hardship. In 2017, real estate contributed to 6 to 7 percent to India’s Gross Domestic Product (GDP). The sector is expected to contribute to around Read More

  Real Estate is an industry that in many ways hasn’t changed too much over the past several decades. Sure, it’s much easier to research homes online, but the general fee structure and other characteristics of the industry are ripe for disruption. With that in mind, although nobody can see the future, it’s fun to think about where the real Read More

Anti-profiteering provisions enacted at the time of transition into Goods and Services Tax (‘GST’) regime have been a bone of contention between the businesses and the Governments across various jurisdictions, India being no exception. As per the relevant statutory provisions in India, the scope of anti-profiteering provisions mainly cover passing of benefit received on account of reduction of the tax Read More