PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: Rajya Sabha Passes GST Bill

Loading video...

Description

Realty News Roundup is PropGuide’s selection of top stories from the real estate sector.

Touted as the biggest tax reform in Indian history since Independence, the Rajya Sabha approved the crucial 122nd Constitutional amendment to turn the Goods and Services Tax (GST) Bill into law. The Lok Sabha had already passed the Bill. After at least 15 states approve the Bill, the new rule would herald the introduction of a single goods and service tax regime for the entire country.

Dewan Housing Finance Ltd received record bids as the company opened the sale of its retail inflation-linked bonds. The company collected close to Rs 19,000 crore, nearly five times the upper end of the issue size as investors rushed to grab their share of a paper that offered interest rates as high as 9.5 per cent.

Bengaluru-based Bhartiya Group and The Leela have announced the launch of branded luxury houses — Leela Residences in Bengaluru. This collaboration makes Leela the first Indian hospitality group to launch branded luxury residences. Bhartiya Group Chairman Snehdeep Aggarwal said almost 50 per cent of the apartments had been sold in less than two months. The apartments are priced between Rs 1 crore for a studio apartment and over Rs 5 crore for a 4-bedroom residence.

The Supreme Court asked Sahara chief Subrata Roy to deposit another Rs 300 crore to continue to stay on parole. Rejecting Roy's plea to be permitted to sell Sahara's property to raise money to return investors' deposits collected in 2008 and 2009 through Optionally Fully Convertible Debentures, the SC Bench gave Roy time until September 15 to deposit the money, failing which he will be back in the Tihar Jail.

Source: Media reports

Tags: Video, Bengaluru, GST Bill, supreme court, Rajya Sabha, propguide, Dewan Housing, Bhartiya Group, The Leela, Leela Residences, Sahara chief Subrata Roy


Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

#WeeklyRealtyNewsRoundup: DDA To Develop Integrated Townships At Rohini, Narela And Dwarka

Here are this week's top stories from the real estate sector.

August 13 2016

+ Click Here To Read This Article

5 Creative Eco Resorts Around The World

If luxury housing are eco-friendly then what else could you want? It's like having your cake and eating it too!

May 04 2015

+ Click Here To Read This Article

#RealtyNewsRoundup: Uttarakhand HC Sets Feb 15 Deadline For Ex-CMs To Evict Govt Bungalows [Video]

Here are today's top news stories from the real estate sector.

December 06 2016

+ Click Here To Read This Article

#WeeklyRoundup: Work On Mumbai Trans Harbour Link To Start From January

Here are the week’s top news stories from the real estate sector.

December 03 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Sebi Relaxes Norms For REITs And InvITs

Here are today's top news stories from the real estate sector.

December 01 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: SC Pulls Up Centre For Not Making Buildings Disabled-Friendly

Here are today's top news stories from the real estate sector.

November 25 2016

+ Click Here To Read This Article

In the past 43 months the property prices in Sector 75 Noida saw an increase of 10.7 per cent.

You may have to consider certain things before you make the investment.

The future of realty could well be a hybrid version of commercial and residential real estate,...

Rs 500 and Rs 1,000 were banned from November 8 midnight. What will be the impact on real estate...

Due to many reasons, real estate developers will not reduce property prices in the coming future.

An ancestral property is the one which one inherits from one’s forefathers.

The Modi government has decided to demonitise currency notes of Rs 500 and Rs 1,000. That has left...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Sunil Mishra, Chief Business Officer, PropTiger, talks on new online realty platforms for NRIs.

PropGuide dejargons complex real estate terms for you.

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top