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Real Estate Act Comes Into Force. How It Will Protect Homebuyers

New rules under RERA or the Real Estate (Regulation and Development) Act are applicable to residential and commercial development. Under RERA, realty developers and agents have to register with respective state regulatory authorities New rules under RERA or the Real Estate (Regulation and Development) Act to regulate the real estate sector, protect home buyers and […]

New projects across budgets coming up in Egmore

Chennai One of the older localities of Chennai, with a glorious past, Egmore is seeing many new projects across categories. Who doesn’t want to a buy home of their own especially when you are a first time home buyer? Vijayaragavan Shantharam from Chennai approached the Magicbricks real estate Forum asking, “I have been living in […]

Chennai provide buyers many investment opportunities

Opportunity realty The emerging growth corridors of Chennai provide buyers many investment opportunities. Unlike other cities, Chennai’s reaction to the real estate sector was mixed last year. While sales experienced a good momentum in the beginning it was rickety towards the end with a dip in new launches by the end of the year. According […]

Rent from residential premises may be exempted from GST | 360 Property Management

Govt seeks powers to levy GST on all rental income HIGHLIGHTS GST unlikely to be impoised on individuals renting out homes Currently, service tax is levied on rental income from commercial property only GST rate on housing is expected to be pegged at 18% Rent from residential premises may be exempted from GST. The government […]

Infra status to boost low cost housing – Budget 2017

Builders will be eligible for tax and subsidy incentives, and institutional funding at affordable rates. Union Finance Minister Arun Jaitley, in the Budget 2017-18, has proposed to grant ‘affordable housing’ the coveted infrastructure status to facilitate higher investment in the sector and, in turn, achieve the government’s ambitious goal of ‘Housing for All’. The grant […]

Top 10 expectations of real estate sector from Budget 2017

Developers have for long been demanding single window clearance to remove bureaucratic delays, which in turn d… Read More  Real estate industry has high expectation from the upcoming budget 2016-17. Stakeholders are demanding that central government gives relaxation in income tax rate, provide clarity on GST, raise House Rent Allowance (HRA) deduction and announce policies […]