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01. News & Insights

WB-CREDAI asks bailout package

CREDAI Bengal Asks CM for Real Estate Support Package

Property developers in West Bengal have asked from the state government a support package including tax waivers and temporary cuts in stamp duty after the indebted industry set to stop due to the Coronavirus forced lockdown. The Confederation of Real Estate Developers Associations of India (CREDAI-West Bengal chapter) has urged for a waiver of municipal […]

Prahalad Singh

Affordable Rental Housing Scheme

Affordable Rental Housing: Base Of A New Social Commitment

Highlights The central government is going to convert government-funded homes in different cities into affordable rental housing through public-private partnerships (PPP) for urban poor. The government will also encourage private industry companies and state governments to develop affordable housing complexes for people working away from their home cities/villages/towns. These announcements were a part of the […]

Prahalad Singh

Cabinet Clears Stimulus Package and Widened MSME Definition

Highlights According to the new outline, a company with up to Rs 50 crore investments and up to Rs 250 crore turnover is categorized as a medium enterprise. As per the new changes, businesses with an investment of less than Rs 1 crore and a turnover of Rs 5 crore would be classified as micro-enterprises. […]

Prahalad Singh

Maharashtra: Unchanged Circle Rates A Relief For Real Estate

On 26th May 2020, in a circular, the Maharashtra government said that it will keep the Circle Rate unchanged for the current financial year 2020-21 as it could not access new rates due to the Covid-19 outbreak.  Circle rate, also known as Ready Reckoner Rate and Guidance Value, is the minimum rate at which a […]

Prahalad Singh

Sharad Pawar Wants PM Modi’s Intervention To Revive Realty Sector

Acknowledging the situation of real estate sector in Maharashtra, the Nationalist Congress Party (NCP) chief Sharad Pawar has written a letter to Prime Minister Narendra Modi to draw his attention towards the sector stating that the realty sector is in a position of complete collapse due to several restrictions and ongoing lockdown over coronavirus pandemic. […]

Prahalad Singh

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