Builders’ Association of India (BAI)
Jamshedpur- The recent proposal of the regulatory bill which aims at protecting the rights of the prospective realty buyers has received varied responses. The bill was introduced by the Union urban development minister Ajay Maken and will be presented in the upcoming Budget session of the Parliament. The budget which has received mixed responses from the industry players [...] Continue Reading »
Maharashtra builders have warned the buyers that they could invite legal action on the face of failure in payment of value added tax (VAT) on the purchases made from June 20, 2006 to March 31, 2010. The builders have paid the amount to the sales tax department and want to recover it from the buyers. [...] Continue Reading »
Builders’ Association of India (BAI) has expressed concerns over issues of land acquisition, environmental clearance and labour laws, affecting real estate industry. Delay in land acquisition and environmental clearances are taking a toll on construction projects and acting as the main protagonist behind escalating their prices. 700 builders from 265 branches of BAI from across [...] Continue Reading »
The Builders’ Association of India (BAI) has requested the Competition Commission of India (CCI) to revise its rules to allow for criminal prosecution against cement company officials for their alleged role in cartelisation. BAI trustee D L Desai said that the association members have urged the CCI to amend its rules to allow criminal prosecution [...] Continue Reading »
