Month: March 2021

Will non-extension of moratorium on new insolvency proceedings Lead To Host Of Distressed Real Estate Projects?

With less than 24 hours left for the moratorium on new insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) set to expire, real estate experts believe that established developers may get an opportunity to pick up distressed realty projects following a spurt in National Company Law Tribunal (NCLT) filings, […]

BJP Pitches For Seamless Real Estate Development In West Bengal

The Bharatiya Janata Party (BJP), in its manifesto unveiled on March 21, has promised that it will implement the Real Estate (Regulation and Development) Act to allow “seamless real estate development” and create a “standardized and transparent framework” for the buyers. “We will implement the Real Estate (Regulation and Development) […]

How Will Haryana Government’s Move To Levy 2% Additional Duty On Property Transfer Will Affect Realty Market

The Haryana government has planned imposition of an additional two per cent duty on transfer of immovable properties located within the Municipal Corporations limits across Haryana. The proposed duty will be applicable on transfer of properties in the secondary market and the two per cent duty shall be imposed in […]