Latest Realty News

Consumer-court-sentences-developer-to-5-years-in-jail
Jul 06, 2017
PUNE: The district consumer court has sentenced a developer to three months in jail in each of the 20 execution applications filed by as many homebuyers for his failure to comply with the court's orders.
Government-Rules-Out-Tax-Incentive-Beyond-Rs.-2-Lakh-For-Second-Home
Feb 04, 2017
New Delhi: Ruling out rollback of the proposal to restrict tax incentive for second home to Rs. 2 lakh per annum, Revenue Secretary Hasmukh Adhia on Saturday said there is no point in subsidising purchase of second property by those who have surplus funds.
Trial-court-orders-builders-must-pay-customers-for-damages,-delays
Oct 19, 2015
NEW DELHI: In a significant order, a trial court has said that buyers can claim damages from builders if the latter fails to hand over the property on time.
Investment-friendly budget to spur real estate growth (Comment: Special to IANS)
Jul 13, 2014
MUMBAI: The 2014-15 budget is both positive and promising that focuses on reviving the sentiment of property buyers and investors and promoting investment with a view to give fillip to construction and housing sector, a significant contributor to GDP.
Benefits of being a woman property buyer
Mar 10, 2014
DELHI: Being a woman property buyer would mean a special concession with reference to registration of the property in the Office of the Sub-Registrar. The stamp duty payment in many states of India is lower for the woman tax payer. This is the single biggest advantage which is available to the woman tax payer.
Realtors body flays hike in ready reckoner rate, seeks reversal
Jan 02, 2014
MUMBAI: A day after the state government steeply hiked property prices in major cities in spite of falling sales, realtors association has flayed the decision saying the move will harm the industry in particular and the state in general.
Property buyers, first pay up TDS
Jun 12, 2013
BANGALORE: Buying property worth over Rs 50 lakh? Then pay TDS before registering it, or income tax sleuths will come knocking on your door.
Dhanteras, Diwali brings cheers for real estate market
Nov 11, 2012
AHMEDABAD: Dhanteras brings yet another reason to invest in property this Diwali. Since the festival holds special significance and is considered auspicious, there is definitely going to be a beeline of investment buyers.
Pressure mounts on Prithviraj Chavan to lower VAT, decision soon
Nov 02, 2012
MUMBAI: A day after a cabinet meeting discussed the contentious issue of value-added tax (VAT) for flats, pressure is mounting on chief minister Prithviraj Chavan to reduce it from 5% to 1%.
Property seller can forfeit buyer's earnest money: Supreme Court
Oct 25, 2012
NEW DELHI: Earnest money paid by a purchaser of an immovable property can be forfeited by the seller if the former fails to pay the remaining sum, the Supreme Court has held. A bench of justices K S Radhakrishnan and Dipak Misra said the earnest money is given to bind the contract and the seller is entitled to forfeit it if the sale of an immovable property falls through due to the fault of t

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