Goa to frame new law to protect NRIs’ property on the cards

By Accommodation Times Bureau PANAJI To curb the illegal sale of Non-resident Indian (NRI) land the state government is contemplating a new legislation from December 13, during coming assembly session. Vijai Sardesai, town and country planning minister said he has spoken to chief minister Manohar Parrikar about the new law. The economic offence cell

Only one-year deadline extension to Realty projects : RERA

By Accommodation Times Bureau MUMBAI  Builders were jolted when central government had introduced a real estate regulatory law last year; a limited permissible one-year extension on completion deadline under the Act was mandatory, not discretionary. On Wednesday, Naresh Patil and R G Ketkar a Bombay high court bench of Justices asked Anil Singh

Affordable housing to be exempted from stamp duty

By Accommodation Times Bureau     The Union Minister, Venkaiah Naidu’s ministry wrote to the government to exempt affordable housing from stamp duty. The government is the facilitator for fixation of the rates and collecting duty. Hence, a request was forwarded for exemption from stamp duty. Affordable housing is exempted from the service tax

Purchase a property prudently- Buyer Beaware

By Accommodation Times Bureau To safe guard yourself, be an enlightened consumer Precautionary measures, while purchasing a property- 1. Whether the concerned realtor has obtained C.L.U. [commercial land use certificate] or permission letter from the competent authority wherein he is setting up Project for sale . 2. Do extensive survey about the market