In a bid to clear off massive unsold housing inventories, builders are holding back on new launch projects. During the March quarter of 2018, real estate developers across top nine Indian cities launched only 27,800 new units, compared to 69,489 units in Jan-March last year. This is a 60% drop from previous year. However, beating all odds is Bangalore,
Read MoreWhen it was announced that the government would link all Indian properties with Aadhar, the decision was considered a crucial one. This would lead to the creation of a central database of ownership for each and every property. This, in turn, would help in identifying whether a property owner is paying all taxes properly and[…]
Read MoreReal Estate Regulatory Authority (RERA) Karnataka is leading the way in terms of the RERA implementation. It has started issuing permanent registration numbers to all approved projects. But before doing so, it has put 542 ongoing projects in the red. The regulatory body issued a notification on April 1 prohibiting these projects from doing business[…]
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