GST impact: No new property construction in Dehradun
July 18, 2017

The rollout of Goods and Services Tax (GST) has hit new residential supply in Dehradun. Not a single construction has started post GST implementation although building maps of overall 14 real estate projects have been passed by the Mussoorie Dehradun Development Authority (MDDA) till June. Experts opined that the GST has adversely affected the real estate sector as prices of raw materials such as iron, steel and sand have shot up to 15 percent. Inflated… Read More

Goa RERA delayed; registration deadline likely to be extended
July 17, 2017

While the Real Estate (Regulation and Development) Act (RERA) came into effect across the country on May 1, some states, including Goa, are yet to notify the state rules. Officials state that the final rules for Goa RERA are ready and will be notified by July 31. As per RERA, developers have to register with the authority by July 31. However, since Goa does not have any rules or authority in place, industry experts anticipate… Read More

No government project registered with Rajasthan RERA till now
July 17, 2017

Despite the availability of an active portal for the Rajasthan Real Estate (Regulation and Development) Act (RERA), the number of registrations with the authority remain low. While seven projects by private developers across the state have been registered so far with the regulatory authority, no government housing project has applied for registration under RERA. Meanwhile, only 19 agents have registered with RERA since May 1. It has been over two months since RERA came into effect,… Read More

RERA registration number must for property registrations in Madhya Pradesh
July 17, 2017

Madhya Pradesh government has announced that developers will not be able to register any properties with the registrar until they register themselves under the state Real Estate (Regulation and Development) Act (RERA). To enforce this rule, the local stamp and registrar office has been asked to discourage property registration by builders who are operating in the state without enrolling under Madhya Pradesh RERA. Further, it has been made compulsory for builders to mention their RERA registration number… Read More

Nagpur builders file petition against RERA provisions in HC
July 13, 2017

Challenging the provisions of restricting sale of property, opening of escrow account, and registration of existing projects under Maharashtra Real Estate (Regulation and Development) Act 2016 (RERA), four builders have filed a petition in Nagpur bench of Bombay High Court. All four builders - Swapnil Promoters and Developers Pvt Ltd (SPD), Swapnil Associates (SA), Sukhyog Construction Pvt Ltd (SCPL), and Guru Construction (GC) - have termed certain provisions of the Act as unconstitutional. In a… Read More

Rajasthan to get a full-fledged regulatory authority soon
July 11, 2017

Homebuyers in Rajasthan will soon take a sigh of relief as the state has commenced the process of setting up a permanent regulatory authority under the Real Estate (Regulation and Development) Act (RERA). Meanwhile, the additional chief secretary (ACS) of urban development and housing (UDH) department has been functioning as the interim regulator for the real estate sector. The state’s UDH written to the finance department about its intention to appoint a staff of 49 members… Read More

Coimbatore seeks increased production of manufactured sand
July 9, 2017

Restricted supply of sand has hit Coimbatore’s real estate market. With the supply dropping from 40,000 loads to just 4,000 a day, construction and realty players have become dependent on manufactured sand (M-sand). However, since there are just 12 manufacturers of the material in the region, developers have requested the government to enhance the production of M-sand. Experts share that the total capacity of M-sand production in Coimbatore is 50 loads, which is insufficient to… Read More

Agra development body directs property owners to install rainwater harvesting systems
July 8, 2017

In order to collect rain water during monsoon, the Agra Development Authority (ADA) has issued notices to residential and commercial properties in the city, directing the owners to install rain water harvesting systems. 471 properties have received such noticed. Moreover, inspection will be carried out soon to ensure successful execution of the order.   As per the state government’s 2008 directive, every property spread over 300 sq m or more should have rain water harvesting… Read More

Vadodara civic body announces its projects as dangerous for habitation
July 7, 2017

The Vadodara Municipal Corporation (VMC) has issued a notice declaring the residential complexes built by the civic body itself in the early 2000 as dangerous. About 240 houses constructed by VMC in 2002 are at the centre of the issue. The civic body has asked the residents to relocate as soon as possible since the structures may pose threat to their safety and VMC will not be responsible for any damage due to continued habitation.… Read More

GST impact: Nagpur residents to pay higher tax on new flats
July 4, 2017

As the Goods and Services Tax (GST) was rolled out, predictions and assumptions abound on how the new tax regime will affect the real estate sector in the coming months. Several industry experts believe that the implementation of GST on residential properties would not benefit the buyers in Nagpur as long as the stamp duty remains in play.  Stamp duty is one of the major tax components while purchasing a home. Coupled with cess for Nagpur… Read More

Just 3 projects, 11 agents registered with RERA in Rajasthan
June 28, 2017

With an aim to bring transparency and eradicate illegal practices in the real estate sector, the Real Estate Regulatory Authority (RERA) was implemented across the country on May 1, 2017. While it been almost two months, Rajasthan is moving at a snail pace with respect to RERA implementation in the state. As of now, only three real estate projects and 11 real estate agents have registered themselves with the State’s RERA authority. Rajasthan has over… Read More

Smart city projects in Jaipur are developing at snail pace
June 28, 2017

Under the Smart City Mission initiated by the Prime Minister Modi, Jaipur has managed to complete only two projects in the last two years. On the second anniversary of the scheme, Jaipur Smart Mission Limited (JSML) had proposed to launch 23 projects in the city. Out of them, only six projects have been reached the foundation stage. The proposed projects include Talkatora Lake redevelopment drive, installation of smart meters for water connections, and capacity enhancement… Read More

Andhra Pradesh tops in implementation of urban reforms
June 27, 2017

During the financial year 2016-17, Andhra Pradesh has managed to be at the top in implementation of urban reforms in the state. Of the 16 states that received central funding, Odisha and Jharkhand followed closely behind Andhra Pradesh. A total sum of Rs 500 crore had been granted by the Ministry of Urban Development to upgrade e-governance, tax revision policies, audit of accounts, energy and water audit, credit rating, establishing state level financial intermediaries for… Read More

Property survey in Nashik identifies 40,000 new properties
June 25, 2017

Nashik civic body has been able to bring 40,000 new properties in its tax net in the recent property survey. Carried out for the first time since 1999, the survey is likely to identify another 40,000 properties by the time it ends, comment officials. The Nashik Municipal Corporation (NMC) is pleased with the results of the survey as it would give a tremendous boost to the civic body’s revenue which currently collects tax from about… Read More

Highway projects in Rajasthan stuck due to land acquisition hurdles
June 25, 2017

Issues in acquiring about 330 hectares of land in Rajasthan pose a major hurdle for the various national highway (NH) projects pending in the state. Further, the acquisition of another 230 hectares of land is yet to be declared through gazette notifications. Experts mention Jodhpur, Bikaner, Nagaur, and Udaipur as being slow in awarding land for projects even though the Rajasthan government has asked the authorities to expedite the process. Sharing an example, experts point out… Read More

Goa government proposes Regional Plan 2030
June 24, 2017

Goa government has recently proposed the Regional Plan (RP) 2030 after working on Regional Plan 2021 for about two decades. With this, the Common Minimum Programme (CMP) has been released by the state Chief Minister, Manohar Parikar. Themed as ‘Sabka Saath, Sabka Vikas – with Goemkarponn’, the CMP has been sub-categorised into ten different groups - agriculture/fisheries/animal husbandry, investment promotion board/employment, infrastructure, housing,  regional plan, education, schedule tribe welfare, social welfare, solid waste management, and… Read More

Punjab government to revamp Patiala with smart city features
June 22, 2017

Punjab government has expressed its intention of developing Patiala on the lines of smart cities in the coming years. The city is expected to get infrastructure upgrades that would put it at par with other cities selected for the Centre’s Smart Cities Mission. The recently approved Punjab budget for 2017 also mentioned similar plans of the government. Officials share that revamping of the Government Rajindra Hospital and Mohindra College of Patiala are the major projects… Read More

Kochi Metro inaugurated; earns Rs 28 lakh on first day
June 20, 2017

The much-awaited Kochi Metro has finally opened its doors for the public. Of the 25 km planned in the first phase of the metro, a 13 km stretch from Aluva to Palarivattom has been inaugurated by Prime Minister Narendra Modi. The metro service was a long standing demand of the citizens and the excitement towards the new project can be gauged by the fact that around 90,000 people rode the metro on the first day… Read More

Page 1 of 46