Category Archives: Budget 2013

Land Acquisition, Rehabilitation and Resettlement Bill (LARR Bill) – which aims to offer farmers a fair deal for their land for industrial purpose got a positive nod from Lok Sabha on 29th August, 2013. This new bill will replace the …

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Bangalore residential market is gaining momentum due to interest rates reduction by the new government. Real estate market has seen good escalation in bookings in last few weeks which is being driven by mid-level business owners. This positive trend has …

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Commenting on the realty regulatory bill, The Confederation of Real Estate Developers’ Associations of India (CREDAI) said that besides developers community, authorities responsible for giving approvals for projects should also be covered by this bill.   Lalit Kumar Jain, Chairman, …

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The Real Estate Regulation and Development Bill, finally got approval from Union Cabinet. Ajay Maken, Union Minister of Housing and Urban Poverty Alleviation had been trying to get the cabinet’s nod on regulatory bill. Cabinet pondered over the bill on …

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In order to put a check on sale of immovable properties without disclosure of permanent account number ( PAN), the government has come up with a new rule. As per this new rule which came into effect from June 1st, …

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Looking at the present economic conditions, it is anticipated that Reserve Bank of India (RBI) may further cut key rates after mid-quarter review of the Credit Policy, which has been scheduled for 17th June. There are hopes that falling inflation …

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As monetary transactions done with respect to property deals involve a significant sum of one’s income, it becomes extremely necessary to be aware. Knowledge of the market price, market trend, etc., is extremely important. In today’s day and age of …

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As per amendments to Section 56 of the Income Tax Act, which were made by the Union Finance Minister P Chidambaram, if a property is undervalued at say, Rs 80 lakh while the Ready Reckoner (RR) property rate for the …

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Recognized realty developer Wave Group made an announcement of its affordable housing project in Ghaziabad. The group has plans to invest around Rs. 500 Cr. in this project.   As part of a 4500 acre integrated township, Wave Infratech, Wave …

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Indian Government has taken an initiative to deter speculators from real estate market and limit the housing supply in luxury segment of real estate. Steps taken towards this end include a one -percent Tax Deducted at Source (TDS) on property …

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