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Aapki khabar Aapka Fayada: In conversation with RERA top officials on problems faced by buyers
Tue, May 28, 2019
In this video of Zee Business, we brings to you conversation with top officials of RERA on problems faced by buyers. Watch full video to know more.
Buyers cannot be made to wait indefinitely for possession of property, says NCDRC
Wed, May 22, 2019
Force majeure is a contract provision which relieves parties from performing contractual obligations if unforeseeable circumstances beyond their control arise.
Builders opting for old GST rate face problems with buyers insisting on paying only 5 pc tax
Wed, May 22, 2019
As part of rationalisation of the GST on real estate sector, the GST Council has allowed builders to migrate to 5 per cent rate for residential units and 1 per cent for affordable housing without the benefit of input tax credit (ITC) from April 1, 2019.
Homebuyers can now seek full refund with 10% interest if flats get delayed beyond 1 year
Fri, May 17, 2019
Homebuyers can now seek a full refund from builders with 10% interest if the possession of their flats is delayed beyond one year, the National Consumer Disputes Redressal Commission (NCDRC) has ruled.
Builder not liable to pay Deemed Rent on Unsold Flats
Thu, May 09, 2019
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that since the unsold flats amount to stock-in-trade in the hands of the builder, no deemed rent can be derived from the same under the head “income from house property.”
Crackdown against rogue builders in Noida: Rs 16 cr pending revenue recovered from SDS Infracon
Sat, Nov 24, 2018
The Gautam Buddh Nagar administration has recovered nearly Rs 16 crore pending revenue from a defaulter builders firm, officials said Friday.
Buying property? Check out pros and cons of purchasing a resale house
Tue, Aug 21, 2018
First, one needs to keep in mind that banks usually don’t provide loans for properties older than 15 years to minimise risk. Therefore, the financing of the property becomes an important decision to be considered, while buying the second house that is tenured.
Relief for homebuyers, Noida Authority keeps circle rates unchanged
Thu, Jul 12, 2018
Earlier, power backup and lifts along with club, swimming pools, gyms were counted among luxury facilities in group housing societies. And to avail these facilities, the buyers were supposed to pay a separate surcharge of 3 per cent (.i.e. 15 per cent extra for having common facilities) and a stamp duty of 5 per cent on the total cost.
In a first, recovery warrant issued against builder after homebuyers complain
Thu, May 17, 2018
The recovery warrant has been issued under section 40 (1) of RERA, which says, ‘If a promoter or an allottee or a real estate agent, as the case may be, fails to pay any interest or penalty or compensation imposed on him, by the adjudicating officer or the Regulatory Authority or the Appellate Authority.
Relief for homebuyers; UP govt to file FIRs against builders for non-registration of flats
Fri, Mar 16, 2018
In Gautam Buddha Nagar district alone, nearly 16,200 units have been allocated to buyers without proper registration. "We were getting a number of complaints that even after taking the money, the builders were not doing registry. We have got a letter in this regard from District Magistrate, Noida and after its review we found the customers were befooled as they could not get their properties registered," UP Stamp and Registration minister Nand Gopal Gupta Nandi told PTI.
New India Assurance to launch product for builders
Fri, Jan 05, 2018
The company has decided to come up with such a product, in view of Central Real Estate Regulation and Development Act (RERA) making it mandatory for builders/developers to buy title insurance covers for their projects, NIAC Chairman and Managing Director G Srinivasan said.
Few days left for registration under RERA Act; Are builders ready?
Wed, Jul 12, 2017
RERA Act which came into effect on May 1, has been made available for three month (July 31, 2017) time for builders to register themselves.
Unsold home inventory drops 17% but remains high at nearly 6 lakh, Mumbai leads followed by NCR and Bengaluru
Wed, Jul 05, 2017
India's property is slowly recovering as unsold inventory levels dropped 17% from its peak of 2014, Knight Frank India said. Unsold inventory, however, currently stands at 5,96,044 units.
Builders promise to complete pending projects by 2020 in Noida and Greater Noida
Sat, May 13, 2017
Builders promise to complete pending projects by 2020 in Noida and Greater Noida. Watch this special segment and get to know more here.
Builders to pay 11.2% compensation to buyers for delay in providing possesion| Big Story Big Debate
Sun, Jul 03, 2016
Watch complete news story of Big Debate for getting detailed updates!
Good news for home buyers! HC says no service tax on under-construction properties
Thu, Jun 09, 2016
If the developer has already collected service tax the court ordered that the same should be refunded with the interest at the rate of 6%.