Unitech MD seeks bail, told to deposit Rs 1,000 crore

NEW DELHI: The Supreme Court was informed on Monday that as many as 4,688 homebuyers in 63 residential projects of Unitech had sought refund of their money totalling Rs 1,865 crore, while 3,761 homebuyers opted for getting possession of their flats.

Amicus curiae Pawan Shree Agrawal submitted a chart compiling the responses received from homebuyers in 63 Unitech projects — spread from Noida to Kolkata and Gurgaon to Chennai —between September 22 and October 13. He said as per Unitech, the refund amount was Rs 1,865 crore, while it was Rs 1,961 crore according to homebuyers.

Two days after resigning as solicitor general, senior advocate Ranjit Kumar appeared for Unitech and its managing director Sanjay Chandra, who is in jail, and told the SC, “I have chalked out a plan to pay ev...

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India jumps 30 places, breaks into top 100 of World Bank’s Ease of Doing Business rankings

In a major shot in the arm for the Narendra Modi government, the report recognises India as one of the top 10 improvers in this year’s assessment.

Moneycontrol News

India leapfrogged into the 100th rank in the World Bank’s Ease of Doing Business rankings, jumping 30 notches from last year, in an endorsement of the string of reforms implemented by the Narendra Modi government.

The report also recognises India as one of the top 10 improvers in this year’s assessment, having implemented reforms in eight out of 10 Doing Business indicators.

India is the only large country this year to have achieved such a significant shift. On the “distance to frontier metric,” one of the key indicators in the survey, India’s score went from 56.05 in Doing Business 2017 to 60.76 in Doing Business 2018...

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Haryana govt signs Rs 20,000 cr worth MoU for logistics parks

The hub will be spread over an area of 600 acres near Gurugram, and the public-private project is expected to generate employment for six lakh people, it said.

The Haryana government signed a memorandum of understanding (MoU) with Verbind, an integrated trade facilitation services organisation, to set up a logistics and trading hub in the state that would attract investment to the tune of Rs 20,000 crore, a release from CII said.

The hub will be spread over an area of 600 acres near Gurugram, and the public-private project is expected to generate employment for six lakh people, it said.

Under the MoU, the government will facilitate Verbind’s efforts to obtain necessary permissions, registrations, approvals and clearances with reference to the projects from relevant departments, in line wit...

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Huda Housing Scheme Gurgaon

Consistent action of Haryana Government, specialist and developers has resulted in the revolution of the organization in Gurgaon, Faridabad and different cities of the state. Private manufacturers have enhanced the real estate framework in various regions of Delhi NCR involving Gurgaon, Faridabad, Noida and Greater Noida; then again the Haryana Government has likewise propelled moderate affordable housing projects gurgaon in extraordinary areas which are near South Delhi and Dwarka Expressway Gurgaon. Haryana Governments Affordable Scheme, Huda housing scheme gurgaon, Affordable Housing Dwarka Expressway and One BHK reasonable lodging in Gurgaon are a portion of the plans which can be the best alternatives for those individuals searching for moderate housing venture.

At Affordable housing ...

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The Guide to investing in a dream home

Buying a dream home for the first time can be wondrous and maddening at the same time. The task is sometimes so daunting that many individuals just continue to stay at a rented place. In today’s date obtaining and owning a home is not just a need but also brings home a sense of pride, achievement, freedom and security. This is one of the most ponderous steps one can take in life and for most of us it involves the biggest investment decisions. Most of the issues can be taken care of by doing a little homework. Let’s discuss some steps to make this process more unruffled..

Location – Proximity and convenience to travel to places of work, school, local markets, shopping centers, hospitals and others should be taken into consideration while making the choice...

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Affordable Housing- A New Game Changer

In a country where having a home is considered to be the most essential thing, affordable housing schemes have taken the pledge to fulfil everyone’s dream. The Indian economy is regulated by many factors and now affordable housing has added its name to those lists of factors. The impact of these schemes is coming up very positive and real estate sector once flagged is now picking up steadily. The softening of interest rates which were stable from quite some time, has also lead to the growth of the affordable housing scheme.

This scheme is flourishing and will soon be the game changer for the real estate sector. With over 30% growth rate predictions, this sector will soon be the talk of the town...

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GST And Its Effect on Affordable Housing

Change is the only constant thing in every sector.  With various reforms coming up in the real estate  sector, GST is the recent talk of the town. There are various goods and services which will have different rates prescribed by GST, which may impact their cost. A homebuyer going forward will have to pay 12% GST to purchase an under construction house.

Earlier Real estate sector was heavily taxed but now 12% tax rate is definitely a welcome move in this sector. The previous multiple indirect taxes on the sector was higher and tax impact under GST will be neutral. GST will remove the multiple level tax burdens from buyers and investors, therefore removing the double taxation impact. However, 12% tax rate under GST seems to be favourable for the real estate industry.

Under GST, sale of un...

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How Govt’s Progressive Policies are Transforming the Real Estate Sector!

As the current government marks three years in office, one area in which it can brag about is its reformist and progressive policy approach is the real estate and housing sector.

After RERA, the real estate sector will emerge as a professional, mature and regulated sector of the country.

The progressive policies include the Real Estate Regulation Act ( RERA), liberalised FDI rules, Real Estate Investment Trusts (REITs), besides key missions like Housing for All, Smart Cities, AMRUT (Atal Mission for Rejuvenation and Urban Transformation), and, of course, the Goods and Services Tax (GST), a landmark reform.

Together these have positioned the Indian real estate sector as an attractive global investment destination.

Of these slew of reforms, the two game-changers are RERA and GST.

RERA, which...

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10 Reasons to Hire a Real Estate Agent

A real estate agent or broker is the person working individually or associated with a company or an association which could help you to buy or sell property or a house. For a property owner, one of the biggest headaches is to sell the property with a good rate. This is when the real estate agent role comes into the picture. A professional real estate agent is backed by regular updates of the current market condition; this allows helping clients in selling or buying a property.

No matter, whether a seller or a buyer everyone needs a real estate agent when dealing with the property matters; as they have a good knowledge of available properties. Real estate developers have a good tie-up with agents helping to get buyers for the property.

Here are ten reasons why you should hire a real estate ...

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Pradhan Mantri Awas Yojana Will Come From This New Guideline To Benefit Every Class

If your dream of buying your house till now has not been completed, then it will definitely be completed.

How can you be thinking?

Through the Prime Minister’s Housing Scheme.

Indeed, under the Prime Minister’s Housing Scheme, some houses are being included in this scheme and are being given cheap prices, but some other guidelines have been issued besides those, besides the lower middle class and others besides themselves. Have a chance to dream of buying a home.

You must know that Dream Homes of Huda  Affordable Housing also come under this scheme, which now costs only 14.99 lakh rupees...

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