READING

Realty News Check: Renovating flat in Mumbai? No n...

Realty News Check: Renovating flat in Mumbai? No need for BMC nod

real-estate-news-superise

Appoint temporary housing regulator in Mumbai: Consumer body asks govt

The Mumbai Grahak Panchayat (MGP) has demanded that the state government set up the Housing Regulatory Authority immediately.

MGP chairman Sirish Deshpande said, “There are ever-increasing complaints of flat buyers in Maharashtra against builders. Secondly, with the passing of the Real Estate Regulatory Authority (RERA) Act by the Centre, the Maharashtra Housing Regulatory Act, 2014, stands repealed.”

Read More: http://bit.ly/temporary-housing-regulator-mumbai 


Real estate Act: Home buyers to be hit as Centre fails to notify key sections

Citizens will have to wait for at least a year to realise the benefits of the Real Estate Regulatory Authority (RERA) Act.

The Act came into force on May 1, but only with some sections, as the others have yet to be gazetted. As per the gazette notification, sections 2, 20-39, sections 41-58, sections 71-78 and sections 81-92 of the Act have come into force. Developers and builders in the state need not register with the housing regulatory authority, as section 4 of the Act has not been notified by the central government.

Read More: http://bit.ly/rera-fails-to-notify-key-sections


2,508 cities selected under PM’s scheme for affordable housing

As many as 2,508 cities in 26 states have been selected under ‘Pradhan Mantri Awas Yojana’ for providing affordable houses to the urban poor, the Lok Sabha was informed on Wednesday.

Read More: http://bit.ly/2508-cities-under-affordable-housing-scheme


Create exit plan for Sector 107 home buyers: Noida Authority to builders

The Noida Authority on Wednesday directed the builders of various projects in Sector 107 to formulate an exit plan for the buyers who had invested in the 5,000 apartments in the sector. The builders are supposed to submit the plan before May 25.

 

Read More: http://bit.ly/exit-plan-sector-107-noida


Renovating flat in Mumbai? No need for BMC nod

A flat owner will no longer have to approach the BMC for permission to change the layout of his house, like reducing the size of a bedroom or expanding the hall.

As long as the load-bearing walls or pillars are not touched, the civic body will not interfere during the renovation of a flat.

Read More: http://bit.ly/renovating-flat-mumbai


Time-frame for depositing TDS on sale of property extended by Income Tax department

As a relief to property buyers, the Income Tax department has extended the time period for depositing TDS on the sale of property by 23 days.

Anyone buying real estate worth more than Rs 50 lakh has to deduct 1% of the sale price of the property before paying the seller.

 

Read More: http://bit.ly/time-frame-for-depositing-tds-on-sale-of-property-extended

 

 

 


Accuracy and up to date information about the real estate industry make Superise.com, a leading source for in-depth & reliable news on the realty sector. Known for providing the inside scoop on project feasibility and credibility, neighborhood demographics, sociability and market trends, Superise.com aims at adding value to each and every property pursuit.