Ajeet Singh Rathore

25/01/2025

04/04/2020

Now It's time to back to our Culture, respect our values which we learned from our rich history. If we fight with unity , we will win this nature fight . In this world only super men species is locked down not any other species in this pandemic. It's big lesson for all of us. we should maintain balance in our nature life cycle. i the light of Unity.

17/12/2016

How does GST affect the real estate sector?
The Goods & Service Tax that was passed in the Rajya Sabha and the passing of this bill has raised several queries, as people aren’t sure about the impact of GST on various industries, especially the real estate sector.
Here are some basic points that you should know about the relation between GST and home loans.
Increased transparency
Prior to the implementation of GST, builders and home-owners had to pay heavy taxes, like service tax, vat, entry tax, customs duty, excise duty and many other charges. Builders retrieve the amount they pay as taxes from the home-owners by incorporating these charges in the purchase price. With GST coming into force, now both the parties (builders and owners) have to pay only one single tax. There is a better understanding among home owners about how the system operates now, and thanks to GST, the real estate sector has become more transparent for the layman. According to experts, around 16 diverse and complicated taxes will be combined into one simple tax in the form of GST.
More for the buyer
One of the objectives of GST is to bring down the cost of housing projects all over the country. The different taxes mentioned in the above point contribute to around 22- 25% of the cost of the home, which is a huge sum. GST aims to abolish multiple taxes and bring a structure to them.

03/05/2016

Real Estate Bills : Top 10 things you should know:
The highly-awaited real estate regulatory bill has now been passed by the Rajya Sabha. The real estate (regulation and development) bill, 2016 seeks to protect the interests of aspiring house buyers. The bill further looks at enhancing the credibility of construction industry by promoting transparency, accountability and efficiency in the ex*****on of projects. As the bill further makes strides towards becoming a law, here are the top 10 things you should know about it.

1.Escrow account :
The centre has gone beyond the recommendation of the select committee and now requiring developers to deposit 70% of the collections form buyers in a separate accounts towards the cost of construction including that of land as against a minimum of 50% suggested by the select committee
2.Area for project registration
Norms for registration of projects has been brought down to plot area of 500 sqm or 8 apartments as against 4,000 sqm proposed in the draft bill in 2013 and 1,000 sqm or 12 apartments suggested by the standing committee.

3. Commercial projects registration mandatory
Commercial real estate also brought under the ambit of the bill and projects under construction are also required to be registered with the regulatory authority. About 17,000 projects are reported to be at various stages of development.

4.Defined carpet area
Capret area has been clearly defined which forms the basis for purchase of houses, eliminating any scope for any malpractices in transactions.

5.Interest payable on project delays
Ending the earlier asymmetry, which was in favour of developers, both consumers and developers will now have to pay same interest rate for any delays on their part

6.Structural defects timeline increased
Liability of developers for structural defects have been increased from 2 to 5 years and they can’t change plans without the consent of two thirds of allottees.

7.Insurance of land titles
The bill provides for arranging insurance of land title, currently not available in the market which benefits both the consumers and developers if land titles are later found to be defective.

8.Timely dispute redressal
Specific and reduced time frames have been prescribed for disposal of complaints by the appellate tribunals and regulatory authorities

9.Regulatory violation
A provision is now made for imprisonment of up to 3 years for developers and up to one year in case of real estate agents and consumers for any violation of tribunals and regulatory authorities.

10 .Project blueprint to be submitted to the authorities concerned
The bill requires project promoters to register their projects with the regulatory authorities disclosing project information including details of promoter, project including schedule of implementation, lay out plan, land status, status of approvals, agreements along with details of real estate agents, contractors, architects, structural engineers etc.

25/08/2015

Its will be good step taken by Rajasthan Govt.

The proposal has been drafted and will be sent to the cabinet for final approval. Once implemented, it will increase the revenue of the state from these prope..

23/08/2015

RBI governor raghuram Rajan raising an alarm against rising inventory levels of housing stock and advising for the much needed correction in prices , builder can not ignore this msg.. .
Now real estate developers r stuggling with slow demand & rising unsold housing stock .situation is getting complex by each day.. .while some markets have already witnessed correction in property prices .
Unsold stock across top market in country rose 18% to over .
The right move will be to cut prices and let the pent up demand get converted into actual home buying..rather than waiting for feative season , builders should act now and rework their pricing..

22/08/2015

RBI governor Raghuram Rajan on Thursday had suggested developers to cut prices for demand to pick up..

04/08/2015

RBI said sustained hardening of inflation, excluding food and fuel, is "most worrisome".

21/04/2015

Information about the Real estate Regulatory Bill. .

05/02/2015

Days ahead of the Budget, Reserve Bank governor Raghuram Rajan on Wednesday pitched for increasing the tax exemption limit on financial investments by individuals from Rs 1.5 lakh a year.