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Haryana hikes colonization fee, may impact property prices

After house tax, the Haryana Cabinet has reportedly targeted real estate sector in the state by approving the proposal of the department of town and country planning to increase the licence fee for residential plots, group housing and industrial colonies. Details of the increased rates shall be notified in the next couple of days, officials in the department of town and country planning said.

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No specific instance of terror funds into realty sector: Govt

The government has said “no specific instance” of flow of terror funds into the real estate sector has come to its notice. “As per the current assessment of revenue intelligence agencies…no specific instance of flow of terror funds into the real estate sector has been found,” Minister of State for Finance S S Palanimanickam said in a written reply in the Lok Sabha. However, he said, “investigations by the Income Tax Department reveal unaccounted or undisclosed income or assets in various sectors of the economy, including real estate.”

Headlines Kumari Selja, Minister of Housing and Urban Poverty Alleviation, Government of India, Delhi NCR real estate, Bangalore Real Estate, india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Mumbai Real Estate, India Property
Timely approvals may bring down housing costs: Selja

The government has formed a committee to evolve a workable strategy for reducing the time taken in approval of real estate projects which could ultimately reduce the cost of houses by 25 to 40 per cent, minister of housing and urban poverty alleviation Kumari Selja said on Friday, May 11.

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Real Estate Regulatory Bill likely in next Parliament session

Within hours of Track2Realty reporting that the much awaited Real Estate Regulatory Bill will not be tabled in the current session of parliament, the government has confirmed it by announcing that the Bill is likely to be presented in the next session of Parliament. The Bill is expected to be tabled before the Union Cabinet shortly, said Aruna Sundararajan, Joint Secretary, Union Ministry of Housing and Urban Poverty Alleviation.

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Real Estate Bill not to be tabled in the current session of Parliament

The much-awaited regulatory Bill for the real estate sector will not be tabled during the current session of Parliament, a senior official in the Ministry of Housing and Urban Poverty Alleviation has confirmed to Track2Realty. The draft Real Estate Regulation Bill is still in the consultative process and the government is apprehensive that the states may block it the NCTC way.

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NHB to decide on pre-payment waiver soon

The National Housing Bank (NHB), regulator in the realty finance sector, is expected to take a decision soon on whether or not there will be a complete waiver of all pre-payment charges on floating-rate home loans.

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