if the real estate developer fails to give possession

Also, if the real estate developer fails to give possession of the condominium or entire the project as consistent with the stipulated time, the homebuyer can terminate the settlement and is entitled to refund of the quantity paid with interest in 45 days of such termination. As in line with RERA, if a homebuyer defaults […]

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What are the reasons underneath which homebuyers generally cancel a reserving?

. So a ways, only 14 states and UTs have notified RERA formally, including Chhattisgarh, Madhya Pradesh, Uttar Pradesh, Rajasthan and Gujarat. But it is but some other farce, because a short look at carried out with the aid of rankings business enterprise CRISIL (tabled above) indicates that many actual provisions of RERA have been […]

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The draft has also proposed to define the “challenge”

The draft has also proposed to define the “challenge” as a set of devices which might be linked by using simple facilities and now not the sooner proposed common amenities. Transferable rights “This would make certain restricting the definition of the time period mission to the smallest viable group of devices,” it stated, including that […]

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With the Real Estate (Regulation and Development) Act, 2016 (RERA)

With the Real Estate (Regulation and Development) Act, 2016 (RERA) coming into effect from May 1, the draft norms advise to do away with the circumstance of obtaining all ‘critical approvals’ for revenue reputation. “Since the recognition of revenue below different situations is deferred up to incurrence of 25 per cent of the construction and […]

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The Central Board of Direct Taxes (CBDT)

New Delhi: In a pass to curtail discretion of real property gamers over how and once they comprehend revenue from tasks, the tax department has proposed to introduce new accounting standards for builders to compute their tax outgo. The new wellknown could follow regardless of economic statements organized below the Companies Act for the benefit […]

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The myth of real estate being a great investment

The myth of real estate being a great investment is mostly a result of mathematical illiteracy about compound growth. People will tell you about how the value of a certain plot of land or house grew 50 or 100 times in 40-50 years. This sounds fabulous, but is actually nothing special. The BSE Sensex has […]

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Some cancel it due to prevailing marketplace situations

Some cancel it due to prevailing marketplace situations when the price of the housing unit does no longer admire or they are desperate to exit due to a circle of relatives emergency. For some who determine to drag out due to the fact they do no longer just like the unit, builders regularly offer an […]

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One such example is using a different depreciation fee

One such example is using a different depreciation fee for calculating tax legal responsibility. ICDS consolidates such adjustments inside the shape of accounting requirements for tax purposes for distinct sectors. Already, 10 one-of-a-kind ICDS are in force from financial 12 months 2016-17. These take precedence over each Indian GAAP as well as IndAS for taxation […]

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Senior associate director – study, Colliers international, Gurgaon

Advantages of an purpose rating procedure within the realty market ratings on four valuable parameters of a undertaking – the developer, authorized clearances, development best and economic stability, can support buyers to take an advised decision and also be used to avail of house loans. A greater score (on a scale of 1-7, with 7 […]

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Actual property may also be less complicated to realize

whilst you  investing, it can be intricate to realize everything you need to be aware of to make a revenue. Many varieties of investments depend on summary concepts and intricate algorithms, that are peculiarly intricate to comprehend. Real property, alternatively, entails the acquisition of bodily property and most men and women are familiar with real […]

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