Govt. constitutes National Anti-profiteering Authority (NAA) under GST to watch Builders

By Accommodation Times Bureau With circular F. No. D-22011/AP/1/2017/1120-1167 dated 19th Sept 2017, Directorate General of Safeguards (Central Board of Excise and Customs) , the National Anti-Profiteering Authority (NAA) for GST was established. It was widely accepted that Input Credits of GST shall be passed to end user / buyer of the property. Although

Surrender of tenancy right is capital gain

By Legal Cell, Accommodation Times Bureau It is to be noted that in the instant case what has been transferred by the assessee is the tenancy right which is very much part of the capital asset as envisaged in sub-section (2)(a) of section 55.  Sub-section (2)(a) of section 55 stipulates that

Central Park receives RERA registration for Flower Valley project on Sohna Road, Gurgaon

By Accommodation Times Bureau Delhi-NCR, September 19, 2017: Central Park, known for its concept living, today announced that Flower Valley, a premium global township at Sohna Road, Gurgaon has received RERA registration certificate. This development highlights Central Park’s focus towards its philosophy of accountability and transparency. Flower Valley has been registered with Haryana

DRT has no jurisdiction on insolvency of Builders

By Accommodation Times Bureau The recently enacted Act of Insolvency is coming as big rescue to the defaulting builders especially in Delhi and NCR region. he infamous case of Jaypee Greens gave new topic for debate as to the jurisdiction of such type of cases. The Ministry , however , clarified

How to complain against Builder under RERA

By Dr Sanjay Chaturvedi, LLB, PhD RERA – The Real Estate Regulatory and Development Act 2016 came into force on the 1st of May 2017. With the aim to regulate the sector and bring clarity in the real estate market and the act is a key reform measure in the vast

MahaRERA website will not disclose all info of Builder

By Dr Sanjay Chaturvedi, LLB PhD Maharashtra Real Estate Regulation and Development Act 2016 and rules thereof which were notified on 20th April 2017 have exempted certain info to be published on it website. Although it is mandatory to submit project related to info but it under Chapter V and Rule

Model Regulations for RERA issued by the Government

By Accommodation Times Bureau Ending the nine year long wait, regulation of real estate sector involving over 76,000 companies across the county becomes a reality from tomorrow i.e May 1, 2017 with the Real Estate (Regulation & Development) Act,2016 coming into force. With all the 92 Sections of the Act coming into