Industry News - Real Estate Rules N Regulations

Industry News Content

Manohar Lal Khattar has been Named the new Minister of Housing and Urban Affairs 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...

Continue reading
Supreme Court Takes Up Legal Challenge to GST Taxes on Joint Development Deals 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....

Continue reading
Key Indian Real Estate Insights for 2024 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...

Continue reading
Real Estate Firms Seek Assistance From Finance Ministry Regarding GST Notifications 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...

Continue reading
Scheme Offers Hope for Small Homes on Kolkata Outskirts 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...

Continue reading
West Bengal: New Home Stamp Duty Rule 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...

Continue reading
MahaRERA: Single Registration for Each Project 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...

Continue reading
Sebi Proposes New Rules for REITs and InvITs 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...

Continue reading
2024 and Beyond: The Evolution of Indian Real Estate 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...

Continue reading
Bidhannagar Police seek PG info from New Town RWAs 23 December, 2023
Bidhannagar Police seek PG info from New Town RWAs 23 December, 2023

Bidhannagar Police has begun requesting Resident Welfare Associations in New Town to pinpoint flats converted into paying guest accommodations. They aim to create a database of non-resident paying gue...

Continue reading
Haven’t linked your PAN with Aadhaar? Pay 20% TDS for Property Purchase 12 December, 2023
Haven’t linked your PAN with Aadhaar? Pay 20% TDS for Property Purchase 12 December, 2023

If you're planning to buy a property, make sure to link your Aadhaar and PAN cards. Additionally, confirm with the seller that they have also linked their documents. Otherwise, you may need to pay a 2...

Continue reading
Big Property Projects must pay for Water Infrastructure Development 29 November, 2023
Big Property Projects must pay for Water Infrastructure Development 29 November, 2023

The Kolkata Municipal Corporation has announced that it will impose a charge for water infrastructure development on medium and large real estate projects in the city. This charge will be collected fr...

Continue reading