Delhi govt. will open registrations of GPA based property transactions

By Accommodation Times News Services Delhi government has put a new order for the registration of all general power of attorney (GPA) based property transactions, in order to ease the property transaction in the capital. The Lt Governor of Delhi approved the decision to reverse the directive that put a stop

Dip in property rates of Navi Mumbai as delay in International Airport

By Accommodation Times News Service The property rates at Navi Mumbai are suddenly dropping down since; Chief Minister Prithvi Raj Chauhan made a statement, few days before regarding delay in construction of Navi Mumbai international air port, which is on edge of its commencement work. Since an International airport is expected at Navi Mumbai

Acquisition and transfer of immovable property in India by NRIs/PIOs/Foreign Nationals: Latest Amedments

By Accommodation Times Bureau s/PIOs/Foreign Nationals of Non-Indian Origin Master Circular No. 4/2012-13, dated 2-7-2012 Acquisition and transfer of immovable property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin is regulated in terms of sub-sections (3), (4) and (5) of section 6 of theForeign Exchange Management Act, 1999, read withNotification No. FEMA 21/ 2000-RB, dated May 3, 2000. The

Investment in Immovable Property and Tax Planning for NRIs

Investment in Immovable Property and Tax Planning for NRIs Rajkumar S. Adukia Chartered Accountant radukia@vsnl.com Investing in immovable properties in India is not a Herculean task for the NRIs anymore. We have come a long way from the days of FERA (Foreign Exchange Regulation Act) regime, when buying or selling of immovable property was

Purchase of Property by /NRI

NON RESIDENT INDIANS Purchase of Property by /NRI INVESTMENT IN IMMOVABLE PROPERTY Section 31 of FERA generally governs the matters relating to immovable properties and the work relating to permissions for purchase etc. of immovable properties is centralised in the Foreign Investment Division at Central Office of Reserve Bank of

Modified policy to provide major relief to illegal colonies

By Accommodation Times Bureau Greater Mohali Area Development Authority (GMADA) on Wednesday presented a new draft for the regularisation of the illegal colonies. The draft was debated by representatives of the property dealers and the colonisers association and ministers. A meeting was held here on Wednesday by the Group of Ministers (GoM). The

CHB plans to construct apartments in Kandaghat,Kasauli

By Accommodation Times Bureau CHANDIGARH The Chandigarh Housing Board (CHB) has decided to construct apartments in kandaghat and Kasauli in Himachal Pradesh with the aid of private landowners. To build apartments in Kandaghat, three sites have been selected and whereas, twelve acres of land has been identified in Kasauli. According to CHB chairman Maninder

Tricity Consultants Wish Panel For RERA Management

assam real estate struggle

By Accommodation Times Bureau Chandigarh:The Tricity Association – ‘Property Consultants Associations’ of Chandigarh, Mohali and Panchkula has held a seminar to discuss implementation of Real Estate Regulatory Act and the major and common issues being faced by property consultants in this area. According to this act, registration of property consultants is mandatory and they

Accommodation Times organised ‘Broker’s Conclave’ elaborating over crucial RERA Act

By Accommodation Times News Services For the first time Accommodation Times organised ‘Broker’s Conclave’, where two interactive lectures were conducted exclusive for Brokers fraternity. The function aimed to bring the whole broker’s fraternity on one stage and felicitate them for the support they are granting to the real estate industry. The function

Demolition drive starts in Gurgaon over illegal construction

By Accommodation Times Bureau Gurgaon: The district administration and Town and Country Planning department has started the demolition drive over 195 unauthorized construction in Gurgaon as part of the anti-encroachment. The demolition drive has been taken place in the following areas Bilaspur, Bhora Kalan, Garhi Harsaru, Sadhrana and