Industry News - Real Estate Rules N Regulations

Industry News Content

16 December, 2024

Circulation From WBRERA 16 December, 2024

As per source the west Bengal real estate regulatory authority has issued an important order dated, 06th December’24(No:- 1986-RERA/L-01/2023) for for quarterly updated of Real Estate proje...

14 November, 2024

LIG, MIG, and HIG Flats: Definitions, Key Differences, and Available Housing Schemes 14 November, 2024

Understanding different housing schemes is essential for prospective homebuyers. Key terms like LIG (Lower Income Group), MIG (Middle Income Group), and HIG (Higher Income Group) flats are often used,...

15 October, 2024

Understanding Repo Rate: Impact on Loans and Economy Explained 15 October, 2024

In its October 9, 2024 meeting, the RBI’s Monetary Policy Committee (MPC) decided to keep the repo rate steady at 6.50 percent for the tenth time in a row. This decision offers relief to home lo...

25 September, 2024

UP-RERA: Promoters Cannot Impose Possession Terms That Restrict Allottees' Legal Rights 25 September, 2024

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has received complaints from homebuyers regarding developers offering conditional possession of units through declarations or agreements. T...

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...