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SC asks Centre to examine ways to protect homebuyers

SC asks Centre to examine ways to protect homebuyers

A bench of Justices A.M. Khanwilkar and Dinesh Maheshwari made the recommendation while hearing a plea filed by Chitra Sharma, an aggrieved homebuyer of Jaypee Infratech Ltd (JIL).

Jul 09, 2019, 17:50 PM IST
Budget 2019: Additional deduction of up to Rs 1.5 lakh for interest paid on home loans borrowed up to March 2020

Budget 2019: Additional deduction of up to Rs 1.5 lakh for interest paid on home loans borrowed up to March 2020

A person purchasing an affordable house will now get an enhanced interest deduction up to Rs 3.5 lakh.

Jul 05, 2019, 14:27 PM IST
RBI to regulate housing finance firms, review assets

RBI to regulate housing finance firms, review assets

The housing finance companies, which are part of the broader shadow banking sector known as non-banking finance companies (NBFCs), are currently regulated by the National Housing Board, and the

Jul 03, 2019, 17:52 PM IST
PE investment in real estate up 26% at Rs 28,000 cr during Jan-Jun 2019: Report

PE investment in real estate up 26% at Rs 28,000 cr during Jan-Jun 2019: Report

PE inflows from foreign investors increased 28 per cent during the first six months of the 2019 calendar year.

Jun 26, 2019, 16:48 PM IST
Govt to launch integrated RERA website, all state RERA to come under single platform

Govt to launch integrated RERA website, all state RERA to come under single platform

The move is aimed to give single page-single click information to home buyers across the country which will help them get know all the current updates regarding housing sector.

Jun 25, 2019, 16:57 PM IST
Realty companies post robust sales despite sectoral slowdown in FY19

Realty companies post robust sales despite sectoral slowdown in FY19

Top 10 listed entities sold nearly 32.19 million sqft, registering a robust 44 percent growth over the previous year.

Jun 20, 2019, 10:35 AM IST
Bengaluru among 10 cities to attract maximum cross-border investments in APAC: CBRE

Bengaluru among 10 cities to attract maximum cross-border investments in APAC: CBRE

India was among the top five preferred markets in APAC with the launch of the first Real Estate Investment Trust (REIT) and the resulting improved market transparency, the consultant said in its Asia

Jun 19, 2019, 16:25 PM IST
Budget 2019: Realty sector wants industry status, more bank funds, ITC benefit in GST

Budget 2019: Realty sector wants industry status, more bank funds, ITC benefit in GST

From April this year, the government has withdrawn the ITC benefits, but reduced GST rate to 1 per cent from 8 per cent for affordable housing.

Jun 14, 2019, 11:49 AM IST
Union Budget 2019: FM may announce big tax relief on home insurance

Union Budget 2019: FM may announce big tax relief on home insurance

Sources further said that relief may be given in income tax to home buyers who take housing insurance. Such rebate or concession may be given to those in the affordable housing sector.

Jun 13, 2019, 16:29 PM IST
Home loan customers can opt between Repo rate-linked and MCLR-linked loans: SBI MD PK Gupta

Home loan customers can opt between Repo rate-linked and MCLR-linked loans: SBI MD PK Gupta

He added, in case of repo rate-linked home loan, you must repay a minimum 3 per cent of the principal loan amount every year.

Jun 12, 2019, 12:23 PM IST
Rate cut to boost housing demand if banks pass on benefit to customers: Realtors

Rate cut to boost housing demand if banks pass on benefit to customers: Realtors

The RBI lowered the benchmark lending rate by 25 basis points to a nearly nine-year low of 5.75 per cent.

Jun 07, 2019, 11:09 AM IST
Gaurs group sells over 10K housing units for nearly Rs 4000 crore

Gaurs group sells over 10K housing units for nearly Rs 4000 crore

The company sold a little over 10,000 housing and commercial units during the 2018-19 fiscal year, its MD Manoj Gaur said.

May 30, 2019, 12:16 PM IST
FinMin may look at 10-year tax holiday on rental profits earned by builders

FinMin may look at 10-year tax holiday on rental profits earned by builders

In a recent meeting with senior finance ministry officials, the real estate developers have been asked to suggest steps to address challenges faced by the sector.

May 30, 2019, 10:47 AM IST
Adani submits non-binding bid for Jaypee Infra; offers Rs 1,700 cr to complete housing projects

Adani submits non-binding bid for Jaypee Infra; offers Rs 1,700 cr to complete housing projects

Adani has promised to infuse another Rs 1,000 crore in two equal tranches of Rs 500 crore each to settle claims of workmen as well as secured and unsecured financial creditors, besides meeting cost

May 29, 2019, 16:59 PM IST
PE inflow in Indian retail real estate doubles to $1.2 bn in 2017, 2018: Anarock

PE inflow in Indian retail real estate doubles to $1.2 bn in 2017, 2018: Anarock

The consultant attributed the sharp rise in private equity (PE) inflow to further liberalisation in FDI policies such as 51 percent FDI in multi-brand retail and 100 percent FDI in single-brand

May 19, 2019, 17:51 PM IST
Piramal Realty FY'19 sales booking jumps nearly 4-fold to Rs 3,400 cr

Piramal Realty FY'19 sales booking jumps nearly 4-fold to Rs 3,400 cr

The company's sales booking stood at about Rs 900 crore in 2017-18.

May 18, 2019, 18:16 PM IST
NCLAT annuls creditors' voting on NBCC's bid for Jaypee Infratech

NCLAT annuls creditors' voting on NBCC's bid for Jaypee Infratech

Hearing a plea by IDBI Bank, seeking a stay or annulment of the voting process, a three-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya also allowed nine homebuyers' associations

May 18, 2019, 17:47 PM IST
Home buyers to pay 12% GST on balance due if completion certificate issued by March 31

Home buyers to pay 12% GST on balance due if completion certificate issued by March 31

Builders who have received completion certificate for an ongoing project before April 1, 2019, will have to charge 12 percent GST from buyers on the balance amount due towards purchase of the flat.

May 15, 2019, 18:25 PM IST
Jaypee Infratech creditors decide to put on vote NBCC's revised bid

Jaypee Infratech creditors decide to put on vote NBCC's revised bid

A Committee of Creditors (CoC) met on Tuesday and took this decision even as NBCC Monday decided against diluting certain conditions, including exemption from tax liability, in its revised offer.

May 14, 2019, 15:04 PM IST
GST Council extends deadline for realty firms to opt for old GST rate till May 20

GST Council extends deadline for realty firms to opt for old GST rate till May 20

The GST Council, headed by Finance Minister Arun Jaitley and comprising state counterparts, had in March allowed real estate players to shift to 5 percent GST rate for residential units and 1 percent

May 10, 2019, 12:17 PM IST