#RealtyNewsRoundup: Delhi Limits Set To Increase As Lt Guv Approves Land Pooling Policy
Delhi Lt Governor Anil Baijal has approved the long-pending land pooling policy for the national capital by notifying 89 rural villages as urban areas. The policy, which is set to expand the urban limits of the city, was notified by the Ministry of Urban Development in September 2013, while the regulations for the policy were approved in May 2015 by the ministry.
Indiabulls Housing Finance Limited has reduced home loan rate by 15 basis points to 8.35 per cent for women borrowers and to 8.40 per cent for others, effective May 17. This is the lowest available home loan rate in the industry.
The Maharashtra Cabinet has laid down a new set of rules which makes it mandatory for government agencies to give advance possession of the land required for a public project in 90 days. The new regulations are expected to help avoid delays in public projects.
Jammu & Kashmir is likely to be the first state in the country to bring real estate within the ambit of the Goods & Services Tax regime. However, the state will have to enact its own laws as it has a special dispensation under the Constitution.
Source: Media reports