Housing market shows signs of recovery, sales up 13% in Jan-Mar on stable prices: CBRE


The housing market is showing signs of recovery with sales rising by 13 percent during January-March this year in seven major cities at more than 33,000 units, according to property consultant CBRE. Housing demand stood at over 29,000 units in the year-ago period in seven cities namely, Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, and Pune.

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Home buyers won't lose money for cancelling delayed flats: NCDRC


The apex consumer commission has held that a home buyer cannot be forced to forfeit any amount deposited with a builder in case he seeks cancellation of allotment of flat to delay in construction and directed real estate major Supertech to refund the entire amount of over Rs 1 crore to a home buyer for delay of two years in delivering the house.

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Know the Indian city that sees the highest increase in property prices over the last 5 years


The RBI House Price Index shows that home prices have risen steadily over the years. The data shows that quarterly price movements have been quite volatile. Here are other findings.

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Real estate developers likely to get GST relief on development rights


A new service tax ruling may offer real estate developers relief on the Goods & Services Tax (GST) liability on the transfer of rights in a property for development purposes (TDR).

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Bengaluru residential market may crawl to recovery in 2020


Bengaluru’s residential property market saw a pickup in sales momentum in the first quarter of 2019 as well as a decline in unsold stocks, suggesting that a recovery may be in sight by next year.

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Finally, Kerala state to implement RERA Act


As Kerala grapples with violations related to the real estate sector and grievances of homeowners, the state government is likely to notify real estate regulatory authority (Rera) soon after the declaration of election results.

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Homebuyers can now seek a full refund if flats get delayed beyond 1 year


In a relief to lakhs of aggrieved home buyers who are forced to wait for possession of their flats for years, the apex consumer commission has quantified a time period of one year for delayed projects beyond which investors can claim a refund from builders.

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Builders have to refund GST on cancellation of flats booked in FY'19


Builders will have to refund GST paid by home buyers in case he cancels the flat booked in the last fiscal and will be allowed to avail credit adjustment for such refunds, the tax department has said.

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Olympia Group, Apollo Global join hands to build IT park in Chennai


In partnership with US-headquartered alternative asset manager Apollo Global Management, Chennai-based Olympia Group announced that it will be investing Rs 750 crore on a 1.1-million sq ft greenfield IT park in Chennai to be developed over a span of three years.

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Gujarat RERA has the second highest registered projects


Gujarat has left behind all other Indian states except Maharashtra in the registration of projects under the new realty law — Real Estate (Regulation and Development) Act (RERA) — which had come into effect almost two years ago.

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Ready-to-move-in flats preferred choice for buyers; New launch homes demand rises: ANAROCK


Ready-to-move-in flats are preferred choice for home buyers but the demand for newly launched units has also improved with a reduction of GST rates from this April 2019, according to a survey by property consultant ANAROCK.

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Hyderabad surpasses Bengaluru to emerge as dominant office market in Q1 2019: Report


In a first, Hyderabad overtook Bengaluru to emerge at the top in the total office leasing in the first quarter of 2019. The overall leasing activity touched 12.8 million sq.ft in the same period with four dominant cities including Mumbai and Delhi-NCR

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Residential property prices may rise in the second half of this financial year


Residential property prices across India’s major markets are expected to rise in the second half of this financial year as sales momentum is expected to pick up the pace with an increase in demand.

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