The year 2016 began with mixed reactions from the realty sector towards the Real Estate Regulation and Development Act (RERA) followed by the Goods and Service Tax (GST) Bill seeing light of the day. GST aims at elimination of dual taxations and at creating a hassle-free home buying experience. The ... Read More »
The year 2016 was significant for the real estate sector due to the number of reforms that were initiated in the period. These include the Goods & Services Tax (GST), clearance for Real Estate Investment Trusts (REITs), relaxation of foreign investment norms and the implementation of the Real Estate (Regulation ... Read More »
When it was announced, demonetisation was expected to boost government revenues through better disclosure of income by individuals and businesses. That, in turn, was expected to increase government and lead to creation of more jobs. But six weeks into the demonetization drive, the calculations appear to have gone awry. There ... Read More »
In theory, the lack of physical cash — the erosion of cash-linked sales — should hurt real estate prices, creating a negative wealth effect that hurts consumption. The nuances of dynamic: a) almost every developer, mortgage broker and equity/debt investor we spoke to expects weakness. This consensus could in itself ... Read More »
With stress on liquidity and no cash to pay for basic utilities, the initial effect of demonetisation drive has been a knee-jerk reaction to a wait-and-watch policy mode. More than a month has passed for the demonetisation exercise, and yet, it’s ongoing process continues to disorient the society which has ... Read More »
For many buyers, the joy of receiving possession of their homes is fast turning to dismay as they cannot rustle up the finances for relocation – that too in cash. Builders too are citing demonetisation and the subsequent labour crunch as reasons for delay in projects getting completed on time. ... Read More »
Buildings and real estate projects, between 20,000 and 300,000 sq. metres, will no longer need to be assessed for their environmental impact, by the Centre. From now on, States can integrate the clearance process of such projects into their building by-laws to streamline environmental clearance to a significant chunk of ... Read More »
Malayalam actor Dhanya Mary Verghese has been arrested for involvement in Rs 130 crore real estate fraud. She had been absconding for over a month before the police nabbed her. Dhanya Mary Verghese. File Photo The Times of India reports that she was arrested in Nagercoil along with her husband John ... Read More »
MUMBAI: A builder can terminate a flat purchase agreement by giving just a week’s notice on email to the buyer who defaults on an installment. But the developer can refund the money without interest to the purchaser at leisure, within six months. This is one among several controversial clauses in ... Read More »
PANAJI: After the demonetization announcement and with the Real Estate Regulation Act(RERA) waiting in the wings to make an entrance, numerous aspiring home seekers across the state are stuck in a dilemma. Conflicting views and statements that the cost of real estate will fall drastically has made first times purchasers ... Read More »
Americans enjoy an unusual kind of security—their big, domestically-focused economy isn’t very vulnerable to external shocks. But most people around the world don’t have that luxury: their jobs, businesses and livelihoods are very sensitive to events in far-off lands, and the choices of leaders they don’t elect. Right now, much ... Read More »
Arvind Subramanian says the Indian economy, as far as macroeconomic condition is concerned, is very stable. As the country comes to terms with the demonetisation of Rs. 1,000 and old Rs. 500 notes, Chief Economic Adviser Arvind Subramanian spoke at an ASSOCHAM event. Excerpts from the press conference >> It’s ... Read More »
