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News Updates

18 Jan24

West Bengal: New Home Stamp Duty Rule

The state has now updated the registration process for flats and houses to align with RERA guidelines. Instead of the previous norm of registering based on super built-up area, homes will now be registered based on carpet area. The state has now updated the registration process for flats and houses to align with RERA guidelines. Instead of the previous norm of registering based on super built-up area, homes will now be registered based on carpet area. The super built up area, which includes

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18 Jan24

MahaRERA: Single Registration for Each Project

The Maharashtra Real Estate Regulatory Authority (MahaRERA) now requires each standalone project to have a single registration number in order to protect the interests of homebuyers. The regulatory authority implemented this measure in response to instances where developers obtained two or more MahaRERA registration numbers for the same real estate project or parts of it. The directive, issued on Wednesday and effective immediately, aims to prevent fraudulent practices and protect homebuyers

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11 Jan24

Sebi Proposes New Rules for REITs and InvITs

On Wednesday, Sebi released a consultation paper that includes recommendations for altering the terms and conditions of subordinate units by Real Estate Investment Trusts (REITs) or Infrastructure Investment Trusts (InvITs) after they have been issued. The consultation paper contains further proposals for the proposed framework for issuing subordinate units by REITs and InvITs. In December of last year, Sebi requested public comments on the framework for issuing subordinate units by REITs and

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