We are 10 million short for housing: Puri

By Accommodation Times Bureau Shri Hardeep S Puri, the Minister of State (I/C) Housing and Urban Affairs has stated that the Real Estate Act is a pioneering legislation which will have a long term transformative effect. “We have put in place an eco-system to ensure that real estate sector is properly

House Building Advance Rules 2017 revised

By Accommodation Times Bureau PIB Release: The Government has revised the House Building Advance (HBA) rules for Central Government Employees incorporating the accepted recommendations of the 7th Pay Commission.  Following are the salient features of the new rules:-   The total amount of advance that a central government employee can borrow from government has been

Mumbai Municipal Corporation Permits Bars Cafes Roof-top-restaurants

By Accommodation Times Bureau MUMBAI   The new policy from  Brihanmumbai Municipal Corporation (BMC)  has only approved to construct wash basin or platform to serve eatables  on roof-tops.  The BMC chief Ajoy Mehta approved the open air terrace restaurant policy clearing decks for permitting restaurants, bars and cafes on rooftops of buildings. Earlier there was no policy

FAQs on GST on Real Estate

By Accommodation Times Bureau   Q. 1) Whether sale of a Flat / House by a builder / developer is a supply of a service or a sale of immovable property under GST law? Ans. 1) As per the clause 5(b) of the Schedule II of CGST, Act, 2017, construction of a flat / house

Govt coining idea of imposing GST on Real Estate Transactions

By Accommodation Times Bureau To curb investors and speculators in real estate, Govt is coining an idea to impose #GST on Real Estate Transaction. GSt is applicable on all under construction transactions. In Washington, Finance Minister Arun Jaitley was talking on 'Annual Mahindra Lecture' on India's tax reforms at the prestigious Harvard University. He

Maharashtra Govt Issue Rules To Regularize Pre-2015 Illegal Structures

By Accommodation Times Bureau The state urban development department on October 7 has issued rules for illegal structures to get them legalized paying the predefined penalty. The illegal constructions carried out before December 31, 2015 in residential, commercial and industrial zones , all will be considered for declaration as 'compounded structure; on payment of compounding charges. Once the

PMAY Central Scheme- 20,000 Families Get Houses In Ranchi

By Accommodation Times Bureau The Jharkhand government gave away 20,051 houses on October 2 as a celebration of Gandhi Jayanti to the families of the economically weaker section under the Pradhan Mantri Awas Yojna (PMAY) and by declaring all 41 Urban Local Bodies (ULBs) free of open defecation. Chief Minister Raghubar Das along with urban development minister C P Singh joined a