Real Estate New Update for February 26
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Industry
Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) has auctioned four land parcels for residential development in Gurgaon, fetching Rs 500 crore from three developers.
RERA
NEW DELHI: The GST Council is likely to soon clarify that Real Estate Regulatory Authority (RERA) will not be required to pay Goods and Services Tax (GST), an official said.
Regulatory
MUMBAI: The Enforcement Directorate has summoned Niranjan Hiranandani and his son Darshan Hiranandani, the promoters of prominent Mumbai-based real estate developer Hiranandani Group, for questioning in a foreign exchange violation case on February 26, official sources said on Sunday.
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Residential
The housing society insisted on a share of the sale amount for its NOC to transfer the flat in the name of the new owner. In another south Mumbai building, a seller paid the society Rs 28 lakh for a 2,850sqft flat, reports Nauzer K Bharucha.
Industry
NEW DELHI: A planned special resolution framework for real estate for effectively granting greater protection to defaulting firms from bankruptcy proceedings is unlikely to feature in the amendments to the Insolvency and Bankruptcy Code (IBC) that the government is firming up, people familiar with the development said.
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Real Estate Consultant
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