Realtors' body CREDAI on Monday said the cost of construction has gone up by 20-25 per cent, mainly during the last 45 days, due to steep rise in prices of raw materials like steel, and builders will be forced to increase property prices from next month by an average 10-15 per cent. CREDAI-MCHI, the Maharashtra chapter of CREDAI, demanded that the central as well as state governments consider giving relief to the industry by reducing stamp duty and GST rates, besides allowing input tax credit (ITC) to developers. The association said it would not advise member developers to stop construction works as of now, but if the price rise continues then builders would have no option but to halt works at project sites and defer purchase of raw materials.
Before buying property, please carefully study the agreement with the builder, advises Sanjay Kumar Singh.
He staked everything to ensure the BJP returned to power; and now that it has, he stands to lose a lot, points out Aditi Phadnis.
A bench headed by Justice R F Nariman, which disposed of a batch of over 180 petitions filed by various builders, said the RERA act which regulates the real estate sector should be read harmoniously with the amendments made in the IBC and in case of conflict the code will prevail.
The juvenile was also wanted in the murder of builder Sanjay Biyani on April 5 in Maharashtra's Nanded and the killing of gangster Rana Kandowalia outside a private hospital in Amritsar on August 4 last year,
When a former police constable was appointed Gujarat unit chief, everyone was surprised. Now workers are laying bets on when he will be elevated to the Union Cabinet, notes Aditi Phadnis.
Supertech Managing Director Mohit Arora said the company will file a review petition in the SC.
Make sure that the person you are buying the plot from is the rightful owner.
'To achieve a corpus of Rs 10 crores in the coming years, I would suggest you increase your SIP, advises Nikunj Saraf, vice president, Choice Wealth.
A special court in Mumbai on Wednesday granted bail to Shiv Sena member of Parliament Sanjay Raut in a money laundering case pertaining to the Patra Chawl redevelopment project.
The new law would boost home buyer confidence as well as investment in the realty sector.
Under these regulations, it will be mandatory for new buildings to use green technologies for recycling dry waste and drainage water, vermiculture for treatment of wet waste, solar energy and above all rainwater harvesting.
Gangster and Mumbai serial blasts mastermind Dawood Ibrahim's brother Iqbal Kaskar has been taken into custody by the Narcotics Control Bureau (NCB) in a drugs case, the agency said on Wednesday.
India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment.
Many developers are increasing prices by 15 to 30 per cent the moment they became sure of demand returning.
Retail investors seem to have dipped into their mutual fund savings to meet pre-festival spending. According to data released by the Association of Mutual Funds in India (Amfi), investors pulled out Rs 6,578 crore from their systematic investment plan (SIP) accounts in September, the highest in the last 11 months. The redemptions were on the higher side during the previous festive season as well.
The probe team is likely to record his statement, the sources said, adding that zonal Deputy Commissioner of Police Avinash Ambure was present at the police station.
As one moves towards Vadnagar, local issues such as high prices of cattle feed and inflation becomes louder.
The Rajasthan government will soon begin an online auction of a special pink sandstone variety, much sought after by builders including those constructing the Ram temple in Ayodhya, found in the Bansi Paharpur area of Bharatpur.
Possession of the flats in Supertech project has already been delayed by over a year.
The news of his passing is sad and sudden but the body of work he leaves behind will neither fade nor be forgotten.
The Kanpur Development Authority (KDA) has served a notice to the stepmother of June 3 violence key accused Zafar Hayat Hashmi, seeking explanations why a hostel allegedly owned by her should not be demolished.
Leaders at the G20 summit on Wednesday called for an immediate end to the Ukraine conflict, holding that "today's era must not be of war", a formulation that echoed Prime Minister Narendra Modi's message to Russian President Vladimir Putin in September.
The apex court-appointed forensic auditors had told the bench that Amrapali Group had entered into "sham agreements" with Rhiti Sports Management Pvt Ltd (RSMPL) which promotes the brand of Dhoni, to "illegally divert" home buyers' money and a total amount of Rs 42.22 crore was paid to RSMPL during 2009-2015. Dhoni had moved to the Delhi high court which, on October 16, 2019, had appointed its former judge Veena Birbal as sole arbitrator to arbitrate the commercial dispute between the cricketer and the real estate firm.
A special court in Mumbai has said that Shiv Sena MP Sanjay Raut dealt with some "unaccounted money" for purchasing plots at Kihim near Alibag in Raigad district, but the same cannot be "thrown in the stock of proceeds of crime (POC) under the provisions of the Prevention of Money Laundering Act (PMLA)".
Commerce and Industry Minister Piyush Goyal that the players in the sector should start lowering prices and, if the worst comes to the worst, write off investment as bad business decisions.
When Mumbai-born architect Mukesh Mehta first waded into Dharavi a decade ago, he went in as - in his own words - a mercenary looking to make money
The status of the current submarine force level is alarming and we need to address the threat perceptions expeditiously. Critical decisions pertaining to national security cannot be delayed any further due to the rapidly changing maritime threat perceptions and growing strategic importance of the Indian Ocean region, asserts Commodore Venugopal Menon (retd).
Raut claimed Navneet Rana received a loan of Rs 80 lakh from Yusuf Lakdawala, who was arrested in a money laundering case.
It was the relentless pursuit of justice over a decade by a group of senior citizens that resulted in the Supreme Court's order for demolition of the illegal 40-storey twin towers of a real estate group in Noida.
The tie-up with IBM for Wave City, to be spread over 4,500 acres, is meant to provide information on traffic management through SMS alerts and billing usage.
The arrest of Shiv Sena MP Sanjay Raut in a money laundering case by the Enforcement Directorate (ED) was "illegal" and a "witch-hunt", a special court in Mumbai said on Wednesday while granting him bail in the Patra Chawl redevelopment matter.
The intensity of power crisis this season has hit a new high with average coal stock dipping to less than eight days. The first of a pan-Indian series, based on a ground report, shows how the Manesar industrial hub is coping with the challenge. As the scorching heat wave and the lengthy power cuts intensify in Haryana, the usually bustling labour chowk of the Industrial Model Township (IMT) of Manesar wears a deserted look.
News, as a business, faces its biggest crisis ever, globally. To fight it needs investment in feet-on-the-ground journalism, tech tools like artificial intelligence among other things.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Former Australian cricket captain and famed commentator Richie Benaud's childhood home at North Parramatta in the western half of Sydney is facing the possibility of being turned into rubble.
Will be given choice of govt and privately funded modes to put highway projects that didn't get bids under PPP model.
Debt overhang, unsold inventory and lacklustre investor interest could force developers to cut prices.
Home loan expert Harsh Roongta answers your home loan queries.
