Industry News - Real Estate Rules N Regulations

Industry News Content

26 August, 2024

Rakesh Singh Appointed as New Chairman of Karnataka RERA 26 August, 2024

Following a High Court interim order preventing Naveen Raj Singh, Principal Secretary of the Housing Department, from serving as the acting chairperson of Karnataka RERA, the state government has appo...

24 July, 2024

How the Real Estate Industry Benefited from the 2024-25 Budget 24 July, 2024

Finance Minister Nirmala Sitharaman presented the 2024-2025 Union Budget in Lok Sabha on July 23, 2024. In her seventh consecutive budget, Sitharaman highlighted that India's inflation remains low, st...

02 July, 2024

West Bengal Government Removes 2% Stamp Duty and Reduces Circle Rates by 10% 02 July, 2024

West Bengal government has decided to end the temporary relief measures for the real estate sector, which included a 2% reduction in stamp duty and a 10% decrease in the circle rate. These measures, w...

12 June, 2024

Manohar Lal Khattar has been Named the new Minister of Housing and Urban Affairs 12 June, 2024

Manohar Lal Khattar becomes the Housing and Urban Affairs Minister, replacing Hardeep Singh Puri, in the new Union Cabinet headed by Prime Minister Narendra Modi. The 70-year-old Mr. Khattar was the f...

14 May, 2024

Supreme Court Takes Up Legal Challenge to GST Taxes on Joint Development Deals 14 May, 2024

The Supreme Court of India has admitted a petition challenging imposition of the GST on the transfer of development rights within joint development agreements between realty developers and landowners....

14 May, 2024

Key Indian Real Estate Insights for 2024 14 May, 2024

In the ever-changing world of India's real estate sector, it's essential for investors, homebuyers, and industry experts to predict upcoming trends. As we move forward into 2024, the real estate marke...

06 March, 2024

Real Estate Firms Seek Assistance From Finance Ministry Regarding GST Notifications 06 March, 2024

Real estate firms have reached out to the finance ministry for help following GST authorities sending notices to 27 major and medium-sized developers regarding intra-group royalty payments for using b...

05 February, 2024

Scheme Offers Hope for Small Homes on Kolkata Outskirts 05 February, 2024

Real estate industry leaders stated that a special housing scheme aimed at the middle class, including those living in rented houses, slums, and unauthorized colonies, could help boost sales of afford...

18 January, 2024

West Bengal: New Home Stamp Duty Rule 18 January, 2024

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 regis...

18 January, 2024

MahaRERA: Single Registration for Each Project 18 January, 2024

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 au...

11 January, 2024

Sebi Proposes New Rules for REITs and InvITs 11 January, 2024

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 Inv...

29 December, 2023

2024 and Beyond: The Evolution of Indian Real Estate 29 December, 2023

As we approach a new year, it's a good time to look back on the path the Indian real estate sector has taken in 2023 and consider what lies ahead for us in 2024. In 2023, the residential housing mark...