Government Takes an Initiative to Work in the Favour of Homebuyers

MHUPA (The Union Ministry of Housing and Urban Poverty Alleviation) finally agreed to the consumer organisations’ demand of making homebuyers the Primary Secured Creditor on the occasion of bankruptcy. At present, whenever a builder faces bankruptcy or the concerned financial institutions starts liquidating its assets, the homebuyers are the last one to have right on …

Have RERA and GST Succeeded in Changing the Real Estate Sector for the Better ?

Even the Finance Minister has felt the strong need for bringing the Real Estate sector within the reach of GST, for removing corruption. Only the projects that are under construction have been brought under this tax, while the completed ones are out of it. GST was welcomed by the analysts since it was said that …