black money into property market
The Revenue Department has declared that it is going to introduce changes in the accounting standards for the real estate sector to bring about uniformity in reporting of financial results. The Central Board of Direct Taxes (CBDT) has stated that the report of the CBDT appointed committee on accounting standard for the real estate sector [...] Continue Reading »
The Confederation of Real Estate Developers’ Association of India (CREDAI) said that there is a need for comprehensive reforms to check black money and corruption in the realty sector. CREDAI has been advocating for single window system for project clearances to cut down time and chance for corruption. CREDAI has recommended reforms in four key [...] Continue Reading »
According to census 2011, it is analyzed that one fifth of apartments in Gurgaon are lying vacant. Those apartments might be sold to different buyers, but no one live there. This situation arises as few people bought multiple apartments as investment. According to different experts, the extent of vacant properties indicates the worth of the [...] Continue Reading »
