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Prahalad Singh

Ghaziabad Administration Identifies Fraud of Stamp Duty in Land Transactions

The Ghaziabad district administration has come up with malicious use of evading stamp duty in the buy and sale of residential land in urban villages or those with high potential of development in the district by paying lower circle rates set for agricultural land. On Friday, District Magistrate Ajay Shankar Pandey said that following the […]

Prahalad Singh

Besides developers and buyers, Real Estate Agents Should Also Be Registered Under KRERA

Kerala RERA Chairman P H Kurian in Kochi on Friday directs all the builders in the state to register all the new real estate projects, which includes those who have not received the Occupancy Certificate, should also be registered with KRERA. He further added that the full bench of the authority will start working from […]

Prahalad Singh

UP RERA Orders Realtors to Apply for Stress Fund

The Real Estate Regulatory Authority of Uttar Pradesh (UP RERA) has written to over 1200 developers asking them to apply for a stress fund announced by the central government. The UP RERA authority said in a media release that the action has been taken in order to make sure that the promoters of such projects […]

Prahalad Singh

To Boost Economy, PMO Investing Fund to Strengthen the ‘Construction Sector’, Creating Jobs

In a bid to boost the economy and strengthen the construction sector in the country, the PM Narendra Modi led government has instructed all ministries and departments to facilitate due payments to contractors and construction companies. The purpose is to invest the fund in the construction sector and generate more job opportunities. In the past […]

Prahalad Singh

Leading Real Estate Developers Focus on Delivery to Reduce Debt

Listed real estate professionals are now more careful about debt level and new launches. They are centring on completion and deliveries of residential flats, helping them to push down their debt but also accumulating more market share. As per ICRA, India’s top 10-builders sold 14.55 mn sq.ft. in H1 FY2020. The Y-o-Y growth in sales […]

Prahalad Singh

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