Tag Archives: developers

Developers Owe Rs 4,500 Crores to Greater Noida Authority– Here Is The Complete List Of Defaulters

Developers owe a staggering amount of more than Rs 4,500 crore (Rs 45,155,222,408.28 to be exact) in lieu of the land allotted to them by Greater Noida Authority. The list which names 164 developer entities has been made public by the authority.  The figure represents total unpaid instalment due from builders. According to the released document, this is

How Is GST Expected To Affect Real Estate Sector?

The Goods and Services Tax (GST), is a kind of a comprehensive indirect tax on sale, manufacture and consumption of different kinds of goods and services throughout India, with all other Central and State taxes intended to be subsumed under it. If this happens, it has far-reaching implications, including on real estate.   Taxation and

Mumbai Developers Slash Home Prices

Is the real estate slowdown finally forcing Mumbai-based developers to come face to face with ground realities? Reports are coming in of developers slashing prices, and offering cleverly packaged pricing schemes to attract buyers. Prices Slashed To Attract Buyers It is no secret that the real estate sector in Mumbai has been struggling. While demand

NCR Buyers Struggle To Get FIR Registered Against Errant Builders

Buyer complaints against defaulting developers have reached an all-time high. Dejected buyers often complain that the local police are not very supportive and invariably favour the builders. With NCR witnessing the most number of complaints, a non-supportive police administration is making home-buyers feel at loss. Maharashtra Sets An Example, Again In a move to crack