MCEPL, which is owned by a consortium of banks, has expressed reservations over the proposed shifting of the Kherki Daula toll beyond Saharanwas as it could impact the revenue collection of the concessionaire, which has to return almost 1200 crores to the banks. In a major development, the National Highways Authority of India (NHAI) has […]
In what could spell major relief to city commuters and homebuyers living sectors 80 to 115 along the Dwarka Expressway, the National Highways Authority of India (NHAI) is all set to construct a 10km elevated road. The tenders for the project were floated on Monday. The elevated road will start from Gurgaon-Delhi border and end […]
On May 1 2017, RERA (Real Estate Regulation & Development (RERA) was brought into the act turning to be a major game changer in Real Estate. The chief reason behind bringing this act is to streamline the process of home buying and bring complete transparency, which has plagued the real estate industry. From an industry […]
With the Goods and Services Tax (GST) set for a nationwide rollout on July 1, 2017, property seekers continue to have numerous queries on this new indirect taxation regime. Housing News gets the experts to answer the top 10 most popular questions pertaining to the GST 1: Will property prices go up, with the GST […]
“How is the Southern Peripheral Road (Golf Course Extension Road) as an investment option? Can anyone help me know about the area,” asks a Magicbricks user on the forum. Another user says, “What is the average rate of a completed project on the Golf Course Extension Road? How much stamp duty and registration charges will […]
Residential rates will likely stabilize in the sectors of New Gurgaon, as the area will soon have free connectivity with other parts of the region and infrastructure here is improving at a good pace A number of infrastructural reforms and development of commercial complexes are likely to transform the sectors of New Gurgaon into a […]
Real estate company Supertech on Tuesday announced that all its projects have been registered under the Real Estate (Regulation and Development) Act, 2016 (RERA), thus reaffirming its commitment to timely delivery of 15,000 units in the current financial year (FY 2017-18) across 50 locations, mostly in the NCR region. “We have become fully compliant with […]
Southern Peripheral Road is an emerging realty hotspot of New Gurgaon. Market-watcher see bright prospects for the area and say that SPR would be in a position to cater to a mix of residential and commercial properties in the next few years With improved infrastructure and fast connectivity, Southern Peripheral Road (SPR) is drawing increased […]
In the field of residential real estate, the service tax was 4.5% but after the introduction of GST, the tax will be levied at the rate of 12% with no other hidden and cascading taxes. To eliminate the previous cascading tax structure and reduce additional tax burdens on consumers, the Goods and Services Tax (GST) […]
Residential real estate has remained the most favoured asset class for investors as the segment attracted 56% of the overall investment in the first half of this year. Residential projects, including townships across India, received investments worth Rs 9,000 crore, more than double the funds attracted by office and commercial projects, showed a JLL India […]