RBI Cuts Repo Rate By 0.25%, Home Loans May Become Cheaper The  Reserve  Bank  of  India  in  its  monetary  policy  review  on  Tuesday  cut  the  repo  rate  by  0.25  percent  to 6.25  percent  from  6.50  percent.  The  decision  to  slash  repo  rate  (the  rate  at  which  banks  borrow  from  the […]

Published on: Jun 30, 2016 @ 19:43 The  Haryana  Government  announced  on  Monday  to  reduce  circle  rates  of  property  in  Gurgaon  by  15 percent. The  decision  to  reduce  the  circle  rate  is  expected  to  boost  the  sentiment  of  the  sluggish  property market  of  Gurgaon. The  new  reduced  circle  rates  will  be […]

Service  Tax  Relief  To  Home  Buyers  By  The  Delhi  High  Court In  a  significant  judgment  recently,  the  Delhi  High  Court  has  held  that  service  tax  can  not  be  levied  on  payments  made  towards  the  purchase  of  under  construction  property  units  in   a  complex  from  builders/developers. This  service  tax  relief  to  […]

Published on: Apr 30, 2016 @ 22:29 The most common complaint of home buyers against builders is the delay in handing over flats. Home  buyers ’  protests  against  the  developers  have  increased  in  recent times  as  several  housing  projects  have  been  delayed. Sometimes, the  real  estate  business  is  not  being done […]

Published on: Apr 26, 2016 @ 14:50 The  Greater  Noida  Industrial  Development  Authority  (GNIDA)  has asked  the  Realty  firm Supertech  to  seal  1,009  units  at  its  housing  project  ‘Czar’  in  Greater  Noida  for  allegedly constructing  them  without  approval.  The  notice  was  issued  to  Supertech  on  April  11, 2016, in  this  regard.  The  […]