NCDRC Allows Homebuyers To Seek Full Refund From The Builders

First Published @ May 20, 2019 5:05 pm In  a  major  relief  to  lakhs  of  aggrieved  home buyers, the  National Consumer  Disputes  Redressal  Commission  (NCDRC)  in  its  order  has ruled  that  the  home buyers  can  now  seek  a  full  refund  from  builders if  the  possession  of  the  flats  is  delayed  by  a  year  from  the
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First Published on Apr 5, 2019 @ 9:01 pm The  Reserve  Bank  of  India  (RBI), on  Thursday, cut  the  repo  rate  by  25 basis  points  or  0.25  percent  to  6  percent. This  is  the  second  back-to-back  rate  cut  in  this  calendar  year  by  the  six-member  Monetary Policy Committee  (MPC)  of  RBI  under  new  Governor  Shaktikanta
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Published on Mar 21, 2019 2:40 am The GST Council in its 34th meeting on Tuesday approved a transition plan after deliberating on the rules and related issues for the implementation of the lower tax rates for under-construction housing units. In a big relief to realty sector, the Council offered an option to builders of
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Published on Mar 15, 2019 5:10 am In the midst of the code of conduct of general elections, the Election Commission has given its approval for holding the GST Council meeting on March 19. The nod from the Election Commission (EC) was required as the model code of conduct has come into force following the
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Published on: Feb 25, 2019 @ 02:44 In  a  major  relief  to  home buyers  and  the  real  estate  sector, the  Goods  and  Services  Tax  (GST)  Council  has approved  the  proposal  for  lowering  the  GST  rate  on  under-construction  residential  properties  in  both  the  Affordable  and  Non-affordable  housing  segments. In  the  33rd  GST  Council  meeting  on  Sunday, Union
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Published on: Dec 23, 2018 @ 17:38 If  you  are  planning  to  buy  a  property  in  Gurugram, you  may  first  need  to  check   the  recently  revised  circle  rates  of  the  area. Recently, circle  rates  of  Gurugram  have  been  revised  by  the  District  Administration  for  the  third  time  this  year  according  to  a  report  published  by  The
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  Published on: Aug 16, 2018 @ 23:52       “Maut  ki  umra  kya  do  pal  bhi  nahi, Jindagi-silsila, Aaj  kal  ki  nahi,  Mai  ji  bhar  jiya, Mai  man  se  marun, Lautkar  aaunga, kooch  se  kyon  daru?  Tu  dabe  paon, chori-chipe  se  na  aa,  Samne  war  kar, phir  mujhe  aajma, Maut  se  bekhabar, Jindagi  ka  safar, 
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Published  on  August  8, 2018  @  3:53 pm With  the  Reserve  Bank  of  India  (RBI)  recently  hiking  the  repo  rate  by  25  basis  points  to  6.50  percent, some  banks  have  started  to  pass  on  the  burden  to  customers  by  increasing  their  lending  rates. Some  banks  and  HFCs  such  as  Indiabulls  Housing  Finance, HDFC, Kotak  Mahindra 
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Published on: Aug 3, 2018 @ 15:01 The  Reserve  Bank  of  India  (RBI)  in  its  bi-monthly  monetary  policy  review  on  Wednesday, hiked  the  repo  rate  again  by  25  basis  points  (bps)  to  6.50  percent. The  RBI’s  Monetary  Policy  Committee  (MPC)  hiked  the  repo  rate  for  the  second-consecutive  time  in  the  last  two  policy  review  meetings. In  the 
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Published on: Jun 15, 2018 @ 11:43 The  Government  on  Tuesday  has  increased  the  carpet  area  of  houses  eligible  for  interest subsidy  under  the  Prime  Minister  Awas  Yojana – Urban (PMAY-U)  for  the  Middle-Income Group  by  33 per cent. With  a  goal  of  Housing  for  All  by  2022, the  decision  to  increase  carpet  area  for  MIG  is
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