The real-estate sector has consistently played a pivotal role in the country’s GDP. Reports suggest that the real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 and would contribute 13 percent of the country’s GDP by 2025. In the immediate term, in a Continue Reading
The Government has decided to discontinue the legal tender character of ‘Higher Denomination Bank Notes’ (HDN) of Rs 500 and Rs 1,000 with effect from November 9, 2016.In other words, such notes will not be legal tenders from midnight of November 8, 2016. Old HDN can be exchanged or deposited in banks till December 30, […]Continue Reading
In the past couple of weeks, I have been interacting with a few trade associations on the impact of the Goods and Services Tax (GST). The question often raised is whether there would be dual control by both the central and state government in the GST era. Further, for traders currently dealing with the State […]Continue Reading
Introduction A widely anticipated and much-awaited development in recent months has been the enactment of the Real Estate (Regulation and Development) Act, 2016 (the ‘Act’). The Bill was passed by the Rajya Sabha on March 10, 2016, and by Lok Sabha on March 15, 2016. On 26 April, 2016 the Ministry of Housing and […]Continue Reading