Weekly News: Karnataka RERA resolves 30% cases.

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1. RERA in action: Ever since RERA has been implemented by the government, it has been a boon for homebuyers and recently RERA has shown its power as Karnataka RERA resolved 30% cases against builders.

2. Heavy rains cover half of India, flood situation continues in Assam, Bihar, and Rajasthan. 

3. Popular Amrapali group is breaking the headlines as it is in supreme court’s radar, court cancels RERA license and lease deeds.

4. As per the new rule, apartment owners who have more than two flats in the housing society will now have to pay 18% GST, if their monthly maintenance contribution to RWA (Resident Welfare Association) exceeds Rs. 7,500.

5. Builders who offer subvention scheme or other EMI related schemes in order to attract customer will be affected. Now builders cannot pay EMI on behalf of the buyer. The home loan amount will be incurred by the buyer entirely.

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Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. Propertypistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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