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Bombay High Court upholds validity of RERA

Mumbai, Dec 6, The Bombay High Court today upheld the validity of the Real Estate (Regulation and Development) Act (RERA). A bench of Justices Naresh Patil and Rajesh Ketkar pronounced its judgement on a bunch of petitions filed by by real estate developers and individual plot owners, all challenging the constitutional validity of the Act that was


Captain assured Union Government to implement real estate regulatory authority

Punjab Chief Minister Captain Amarinder Singh today assured the Union Government that his government was committed to implement real estate regulatory authority in the state. He said that during the previous government in the state, the central government funds will be brought back to the streets by reducing poverty and starting the construction of houses


CBDT releases draft income calculation norms for real estate

The revenue department came out with a draft note for computation of income for the real estate sector, under which transactions with regard to sale and purchase of units will be recognised at arms length price. The proposed Income Computation and Disclosure Standards (ICDS) for Real Estate Transactions, which follows the guidance note of Institute


Realty stocks hog the limelight; surge up to NINE per cent

Shares of realty and housing finance companies made smart gains by surging up to 9 per cent today, after the much-awaited Real Estate Act came into force, although only 13 states and UTs have so far notified rules.From the realty pack, Godrej Properties surged 8.86 per cent, Sobha Ltd gained 6.48 per cent, Indiabulls Real