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#RealtyNewsRoundup: RBI Report Says No Threat Of Systemic Risk From Housing Sector

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

A Reserve Bank of India (RBI) report says that the housing sector does not pose any systemic threat to the banking system. The RBI said this is because the non-performing assets (NPAs) among retail loans were contained. Read more.

The Mumbai Metropolitan Region Authority (MMRDA) will allow mixed- use on all the plots being sold in the Bandra-Kurla Complex (BKC). This means that authority will allow building flats on land that was earlier reserved for commercial use. The body will sell nearly 2,50,000 square metres of land through lease. Read more.

Company chief K P Singh plans to make real estate major DLF debt-free. Singh and his family has decided to pump in Rs 10,000 crore in the company. The amount will be raised by selling their stakes in DLF’s rental unit. Read more.

The Indian government’s draft real estate rules say that developers may have to pay 11.2 per cent as interest for buyers if there is a delay in handing over apartments. According to the draft rules, projects that do not have a completion certificate will have to register with the real estate regulatory authorities in states and union territories.  Read more.

The income tax department has decided to scrap higher tax deduction at source (TDS) for non-resident investors, who do not provide their Permanent Account Numbers (PAN). However, they may have to provide their e-mail address, phone number, residential address and tax residency certificate. Read more.

Tags: tax, DLF, RBI, Reserve Bank Of India, Tax Deduction, Video, propguide, TDS, KP Singh

Legal Aspects For NRIs Selling Property In India

For an NRI, the ways and the means to remit the funds back into the new country of residence often create a lot of confusion.

August 26 2016

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Is The Time Ripe For NCR Buyers To Book Their Dream Homes?

The Q2'FY16 report by PropTiger Data Labs suggests that now might be the right time to invest in NCR. Here's why.

November 10 2015

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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

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New Launches, Stable Prices: Is It The Right Time To Invest In Mumbai?

Read how the newly launched or upcoming projects are helping stabilize property prices in Mumbai.

September 25 2015

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How NRIs May Gain By Investing In India Now

PropGuide tells why this could be the best time for Non-Resident Indians to invest in India.

September 16 2015

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Immigrants can raise the price of houses. PropGuide explains how.

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