The Goods and Services Tax (GST) is likely to make real estate developers shift focus to high volume, low to medium housing. Affordable housing costs could fall and those for the premium segment could rise, says a white paper titled Decoding GST and Real Estate Regulation by RICS, , a self-regulatory professional body
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The aim of RERA is to make real estate purchase simpler by bringing in better accountability and transparency. In doing so, it will also infuse a lot more confidence among buyers – who, at the end of the day, should feel as comfortable about investing in a home as they are about buying gold.
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There is good news for homebuyers in Delhi. The Union urban development (UD) ministry on Wednesday finalised the rules to make the landmark Real Estate (Regulation and Development) Act operational in the national capital. The law will not only protect new homebuyers from unscrupulous developers but safeguard the interest of allottees of the ongoing projects. The Parliament had cleared the realty law in March and states and union territories were given six months to notify the rules. While for Delhi, the UD ministry will notify the rules, the housing and…
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