RERA NEWS

Karnataka CM defers RERA meet with home buyers

Publication: ET REALTY Date : 28 JUNE 2017

BENGALURU: The implementation of the Karnataka Real Estate Regulation Act (RERA) seems to have hit another hurdle. The meeting scheduled for Wednesday with chief minister Siddaramaiah,

RERA ban on marketing projects illegal: Lawyers

Publication: ET REALTY Date : 28 JUNE 2017

NEW DELHI: While there is no framework ready in many states to register projects under the Real Estate Regulation (and Development) Act (Rera),

RERA not yet ready in Haryana, but registrations of real estate projects start

Publication: FINANCIAL EXPRESS Date : 28 JUNE 2017

The Haryana government, which is yet to finalise the rules for the Real Estate (Regulation and Development) Act, 2016 (RERA), has nevertheless started registering projects under the draft rules.

 GST NEWS

Builders seek 6% GST, exemption to low-cost home

Publication: ET REALTY Date : 28 JUNE 2017

NEW DELHI: Realtors' body NAREDCO has written to the Prime Minister seeking lower GST of 6 per cent on sale of under-construction property from 12 per cent as higher tax will lead to price rise and affect sales.

GST effect: Pending real estate EMIs to be paid under new tax

Publication: DNA Date : 28 JUNE 2017

Your EMIs of the flats will go up from coming month after the implementation of GST from July.

 CITY NEWS

Maharashtra plans to hike rent & lease rates on govt land, securitise land

Publication: ET REALTY Date : 28 JUNE 2017

MUMBAI: CM Devendra Fadnavis told TOI on Tuesday that the state was planning to hike rent and lease rates on government land as well as “monetize” or “securitise” large tracts that currently fetch little revenue in a bid

Deemed conveyance for housing societies cannot be made conditional, says Bombay HC

Publication: HINDUSTAN TIMES Date : 28 JUNE 2017

Granting deemed conveyance to cooperative housing societies cannot be conditional if members have paid all their dues to the developer, the Bombay high court held last week.

Mumbai: No one wants to redevelop Dharavi

Publication: MID-DAY Date : 29 JUNE 2017

Demonetisation, Real Estate Regulation Authority (RERA), and Goods and Services Tax (GST) have affected the state government’s pet project: The redevelopment of Dharavi, to the extent

BMC turns heat on housing societies

Publication: THE ASIAN AGE Date : 28 JUNE 2017

Mumbai: Housing societies, which so far turned a deaf ear to the Brihanmumbai Municipal Corporation’s (BMC)

CONTI...

CONTI...

BDD in a fix as chawl residents protest Worli redevelopment project agreement

Publication: DNA Date : 28 JUNE 2017

The Rs 16,000 crore redevelopment of Bombay Development Department (BDD) chawls project is in trouble.

 OTHER CITY NEWS

Occupancy certificate must for moving into new house in Pune

Publication: ET REALTY Date : 28 JUNE 2017

PUNE: Owning a house is an accomplishment for most people.However, occupying one without the essential documents can land them in trouble.

REALTY NEWS

Trouble for builders taking advance service tax from home buyers

Publication: ET REALTY Date : 28 JUNE 2017

MUMBAI: Joydeep Shome, a Mumbai resident who has bought a flat in an under-construction building, recently got a call from the builder asking him to pay an ‘advance service tax’

Real estate developers go slow on REITs

Publication: BUSINESS LINE Date : 29 JUNE 2017

MUMBAI, JUNE 28: As the first Infrastructure Investment Trust (InvIT) got listed recently, the real estate sector is yet to leverage Real Estate Investment Trusts (REITs) despite both having been conceptualised by the Securities and Exchange Board of India in 2014.

Delhi-based NBFC DMI Finance plans to raise Rs1,000 crore fund

Publication: LIVE MINT Date : 29 JUNE 2017

DMI Finance is raising the fund to focus on special opportunity situations in the real estate sector as well as the distressed assets space