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Assets Of Nagpur Le Meridien Owner, Relatives Worth Rs 40 Crore Seized
The Enforcement Directorate (ED) has seized assets worth Rs 40.34 crore belonging to real estate businessman Avinash Bhosle and his family members in connection with a case against him under the Foreign Exchange Management Act.
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Court Allows Banks To Sell Vijay Mallya's Properties To Recover Debts
A Prevention of Money Laundering Act (PMLA) court has allowed banks to sell certain real estate assets and securities and of fugitive business tycoon Vijay Mallya to recover their debts.
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Supreme Court Strikes Down West Bengal Real Estate Law, Calls It "Unconstitutional"
The Supreme Court today struck down West Bengal's law on regulating real estate sector saying it was unconstitutional as the state's statute encroached upon the Centre's Real Estate (Regulation and Development) Act (RERA).
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Note Ban, Jan Dhan Yojana, GST, Mega Bank Mergers: A Recap Of Key Turning Points In 2010s
An array of developments, ranging from GST and demonetisation to corporate tax rate cut and banking reforms, has transformed the economic landscape of the country.
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Supreme Court Upholds Homebuyers' Rights As Financial Creditors Under Insolvency Laws
In a major setback for property developers, the Supreme Court on Friday upheld the amendments to the Insolvency and Bankruptcy Code, granting homebuyers the status of financial creditors. The top court said the move does not infringe the rights of property developers. The Supreme Court also said homebuyers enjoy the same rights as financial credito...
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Probe Agency Files Money Laundering Case Against Amrapali Group, Promoters
The Enforcement Directorate has filed a criminal case of money laundering against embattled real estate major Amrapali Group and its promoters, who allegedly failed to give possession of flats to over 42,000 home buyers in Noida and Greater Noida, officials said on Tuesday.
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Top Court Orders Action Against Amrapali, Provides Relief To Homebuyers: 10 Points
All unfinished housing projects of real estate group Amrapali, which has been accused of fraud, will be taken over by state-run National Buildings Construction Corporation (NBCC), the Supreme Court said in a landmark judgement on Tuesday. The verdict brings big relief for more than 42,000 homebuyers who had sought possession of flats booked in Amra...
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Luxury Real Estate Demand Set To Rise, Say Developers
Experts also noted that the transparency brought in by the Real Estate Regulatory Act and GST has helped the sector including the high-end segment.
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Interim Budget Showers Tax Benefits To Boost Realty Sector
In a major push for the affordable housing segment, the Finance Minister also proposed to extend the benefits under Section 80-IBA of the Income Tax Act for one more year till March 2020.
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Delhi Gets Full-Time Real Estate Regulator
Delhi has finally got a full-time real estate regulator under Real Estate Regulatory Act (RERA) with Lt Governor Anil Baijal appointing retired civil services officer Vijay S Madan to the post.
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Hyderabad To Become A Global City: Telangana Minister
Implementation of the Real Estate Regulation & Development Act, creation of a water grid, construction of a regional ring road and satellite townships are planned during 2018-19, Telangana Minister of Municipal Administration K T Rama Rao said today.
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Panel To Urge West Bengal Government To Implement Real Estate Act
The centre will soon send a team to urge the West Bengal government to switch over to the Real Estate Regulatory Act (RERA) to protect home buyers' interest, an official has said.
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RERA's One Year: Barring Mumbai, Pune; Implementation Still Patchy In Most States
RERA Act: According to a report by the consultancy firm Knight Frank, eight states have not even installed a regulating authority and the remaining 17 have installed "interim" regulators.
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Bankruptcy, Real Estate Acts Pitted Against Each Other: Assocham
While IBC tries to give primacy to the creditors RERA tries to put consumers before creditors.
-
Budget 2018: Too Little For Real Estate Sector, Say Stakeholders
The sector, which has seen some pathbreaking changes with demonetisation and the RERA Act since 2016 was hoping for a revival felt dejected with lack of emphasis and further reforms in the Union Budget 2018-19.
-
Assets Of Nagpur Le Meridien Owner, Relatives Worth Rs 40 Crore Seized
The Enforcement Directorate (ED) has seized assets worth Rs 40.34 crore belonging to real estate businessman Avinash Bhosle and his family members in connection with a case against him under the Foreign Exchange Management Act.
-
Court Allows Banks To Sell Vijay Mallya's Properties To Recover Debts
A Prevention of Money Laundering Act (PMLA) court has allowed banks to sell certain real estate assets and securities and of fugitive business tycoon Vijay Mallya to recover their debts.
-
Supreme Court Strikes Down West Bengal Real Estate Law, Calls It "Unconstitutional"
The Supreme Court today struck down West Bengal's law on regulating real estate sector saying it was unconstitutional as the state's statute encroached upon the Centre's Real Estate (Regulation and Development) Act (RERA).
-
Note Ban, Jan Dhan Yojana, GST, Mega Bank Mergers: A Recap Of Key Turning Points In 2010s
An array of developments, ranging from GST and demonetisation to corporate tax rate cut and banking reforms, has transformed the economic landscape of the country.
-
Supreme Court Upholds Homebuyers' Rights As Financial Creditors Under Insolvency Laws
In a major setback for property developers, the Supreme Court on Friday upheld the amendments to the Insolvency and Bankruptcy Code, granting homebuyers the status of financial creditors. The top court said the move does not infringe the rights of property developers. The Supreme Court also said homebuyers enjoy the same rights as financial credito...
-
Probe Agency Files Money Laundering Case Against Amrapali Group, Promoters
The Enforcement Directorate has filed a criminal case of money laundering against embattled real estate major Amrapali Group and its promoters, who allegedly failed to give possession of flats to over 42,000 home buyers in Noida and Greater Noida, officials said on Tuesday.
-
Top Court Orders Action Against Amrapali, Provides Relief To Homebuyers: 10 Points
All unfinished housing projects of real estate group Amrapali, which has been accused of fraud, will be taken over by state-run National Buildings Construction Corporation (NBCC), the Supreme Court said in a landmark judgement on Tuesday. The verdict brings big relief for more than 42,000 homebuyers who had sought possession of flats booked in Amra...
-
Luxury Real Estate Demand Set To Rise, Say Developers
Experts also noted that the transparency brought in by the Real Estate Regulatory Act and GST has helped the sector including the high-end segment.
-
Interim Budget Showers Tax Benefits To Boost Realty Sector
In a major push for the affordable housing segment, the Finance Minister also proposed to extend the benefits under Section 80-IBA of the Income Tax Act for one more year till March 2020.
-
Delhi Gets Full-Time Real Estate Regulator
Delhi has finally got a full-time real estate regulator under Real Estate Regulatory Act (RERA) with Lt Governor Anil Baijal appointing retired civil services officer Vijay S Madan to the post.
-
Hyderabad To Become A Global City: Telangana Minister
Implementation of the Real Estate Regulation & Development Act, creation of a water grid, construction of a regional ring road and satellite townships are planned during 2018-19, Telangana Minister of Municipal Administration K T Rama Rao said today.
-
Panel To Urge West Bengal Government To Implement Real Estate Act
The centre will soon send a team to urge the West Bengal government to switch over to the Real Estate Regulatory Act (RERA) to protect home buyers' interest, an official has said.
-
RERA's One Year: Barring Mumbai, Pune; Implementation Still Patchy In Most States
RERA Act: According to a report by the consultancy firm Knight Frank, eight states have not even installed a regulating authority and the remaining 17 have installed "interim" regulators.
-
Bankruptcy, Real Estate Acts Pitted Against Each Other: Assocham
While IBC tries to give primacy to the creditors RERA tries to put consumers before creditors.
-
Budget 2018: Too Little For Real Estate Sector, Say Stakeholders
The sector, which has seen some pathbreaking changes with demonetisation and the RERA Act since 2016 was hoping for a revival felt dejected with lack of emphasis and further reforms in the Union Budget 2018-19.
