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Charged with govt nod, NBCC asks Jaypee Infratech RP to reconsider offer

Charged with govt nod, NBCC asks Jaypee Infratech RP to reconsider offer

The Committee of Creditors on April 26 had rejected the NBCC bid, terming it conditional and without the necessary approval from the government. The lenders had approved voting on a rival bid from

May 02, 2019, 09:52 AM IST
Housing sales down 5% in Jan-Mar 2019 on changes in GST rates, rules: PropTiger

Housing sales down 5% in Jan-Mar 2019 on changes in GST rates, rules: PropTiger

Gurugram witnessed 10 percent rise in sales at 5,764 units from 5,220 units in the corresponding period of the previous year. Sales in Kolkata were up by 8 percent at 3,623 units.

Apr 29, 2019, 16:54 PM IST
Realtors have time till May 10 to opt for old GST rates

Realtors have time till May 10 to opt for old GST rates

The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification giving real estate companies a one-time option to choose either of the tax rates.

Apr 03, 2019, 10:27 AM IST
ICICI Bank launches digital home loan products up to Rs 1 cr for instant disbursal

ICICI Bank launches digital home loan products up to Rs 1 cr for instant disbursal

The instantaneous home loan facilitiy enables customers to get final sanction letter for new home loans as well as for a top up loan in a fully-digital way, the bank said in a release.

Mar 29, 2019, 12:06 PM IST
Realty market to grow in 2019; to add 200 mn sq ft space this yr: CBRE

Realty market to grow in 2019; to add 200 mn sq ft space this yr: CBRE

CBRE said 200 million sq ft of space will be added in 2019 across all segments including housing, office, retail and logistics.

Mar 27, 2019, 16:11 PM IST
MS Dhoni approaches SC against Amrapali Group over dues worth Rs 40 crore

MS Dhoni approaches SC against Amrapali Group over dues worth Rs 40 crore

In April 2016, Dhoni resigned as the brand ambassador of the group, following huge backlash on social media by angry owners and residents of Amprapali housing project.

Mar 27, 2019, 10:21 AM IST
Key decisions on real estate sector taken by GST Council in the 34th meeting

Key decisions on real estate sector taken by GST Council in the 34th meeting

The promoters shall be given a one -time option to continue to pay tax at the old rates on ongoing projects.

Mar 20, 2019, 13:25 PM IST
GST Council approves transition plan for new tax rates for real estate sector

GST Council approves transition plan for new tax rates for real estate sector

Reasonable time for transition will be given to developers in consultation with states.

Mar 19, 2019, 14:55 PM IST
Supreme Court orders arrest of Amrapali Group CMD Anil Sharma, 2 directors

Supreme Court orders arrest of Amrapali Group CMD Anil Sharma, 2 directors

The apex court also directed attachment of personal properties of Amrapali CMD, including his bungalow in South Delhi.

Feb 28, 2019, 15:35 PM IST
GST cut to boost sales of under-construction flats; no ITC may hit builders' profit margin: Moody's

GST cut to boost sales of under-construction flats; no ITC may hit builders' profit margin: Moody's

The GST Council had on Sunday decided to cut goods and services tax (GST) rate on affordable homes to 1 per cent without input tax credit (ITC) from earlier 8 per cent with ITC.

Feb 27, 2019, 13:56 PM IST
SBI opens bids for mega e-auction of over 1000 properties: Date, requirement and more

SBI opens bids for mega e-auction of over 1000 properties: Date, requirement and more

SBI said that there is designated contact person also for auction at the Branches whom prospective buyers may approach.

Feb 26, 2019, 14:58 PM IST
Govt approves over 5.6 lakh houses under PMAY for urban poors

Govt approves over 5.6 lakh houses under PMAY for urban poors

The cumulative number of houses sanctioned under PMAY(U) now is 79 lakh.

Feb 26, 2019, 12:44 PM IST
10,300 newly-built flats on offer: Know all about DDA 2019 housing scheme

10,300 newly-built flats on offer: Know all about DDA 2019 housing scheme

The scheme, however, will be an online one so application and other processes will be done online.

Feb 26, 2019, 11:55 AM IST
Amrapali home buyers may get relief soon; work on various stalled projects to be started

Amrapali home buyers may get relief soon; work on various stalled projects to be started

By Diwali this year, NBCC plans to complete work on over 5000 flats.

Feb 25, 2019, 15:08 PM IST
GST on under-construction flats, affordable housing slashed: Here are the benefits for home buyers

GST on under-construction flats, affordable housing slashed: Here are the benefits for home buyers

The new rate shall become applicable from April 1, 2019.

Feb 25, 2019, 12:58 PM IST
GST on under-construction flats slashed to 5%; affordable housing to attract 1%

GST on under-construction flats slashed to 5%; affordable housing to attract 1%

In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without the input tax credit, from the existing 12 per cent, Finance

Feb 24, 2019, 18:07 PM IST
Cabinet approves Phase-2 of Pradhan Mantri Awaas Yojana

Cabinet approves Phase-2 of Pradhan Mantri Awaas Yojana

The government has also decided to continue the Program Management Unit (PMU) and National Technical Support Agency (NTSA) till 2019-20.

Feb 20, 2019, 11:45 AM IST
Indian Railways to deliver affordable housing, to start work at select stations

Indian Railways to deliver affordable housing, to start work at select stations

IRSDC, which is responsible for redevelopment of the railway station, will now construct affordable housing.

Feb 13, 2019, 15:50 PM IST
GST meet: Govt may announce big relief for home buyers next week

GST meet: Govt may announce big relief for home buyers next week

The ministerial panel was set up last month to analyse tax rates and issues/challenges being faced by the real estate sector under the GST regime.

Feb 13, 2019, 11:33 AM IST
PM Modi to address CREDAI's conference today

PM Modi to address CREDAI's conference today

The Prime Minister will also visit the exhibition organized by CREDAI.

Feb 13, 2019, 09:42 AM IST