#RealtyNewsRoundUp: Kerala Assembly Passes Real Estate Bill

Realty News Roundup is PropGuide's selection of top stories from the real estate sector.

Top News

The Kerala Real Estate (Regulation and Development) Bill has been passed in the state assembly after a discussion for over four hours. State Urban Affairs Minister Manjalamkuzhi Ali said the bill had been framed in the backdrop of mounting frauds in the sector. Read more

The Allahabad High Court has issued a notice to the chairman of the Noida Authority stating that no builder will be allowed to make any changes in the Floor Area Ratio (FAR) without taking the consent of home buyers concerned. Read more 

Off the frontpage

According to the industry participants at the Credai Conclave 2015, the goods and service tax (GST) bill will reduce the prices in the residential sector and give a fillip to the sluggish sales, if the bill was passed by the Parliament. Currently, home buyers have to pay the service tax and VAT during the purchase of residential units booked prior to the completion of the project. Read more 

The government has unveiled its plan to build 16 greenfield expressways which will pass through the backward regions of India. The Vadodara-Mumbai, Amravati-Hyderabad-Bengaluru and Jaipur-Ajmer-Ahmedabad stretches are among the 16 projects. Read more