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The three companies on the list from Kerala are Skyline Builders, SFS Homes and Asset Homes.
Usually during land transactions, the government collects 8 per cent of the fair value as stamp duty and 2 per cent as registration fee.
Given the vast presence of residential real estate, a home buyer needs the power of discernment to buy the best property.
The Enforcement Directorate (ED) and the Income-Tax (IT) Department sleuths are collecting vital evidences against Faris after a preliminary probe revealed he had invested a huge sum of black money in the real estate sector.
The Income Tax department officials raided the houses and establishments of Faris Abubaker in Kochi, Koyilandy, Chennai, Bengaluru, Mumbai, and Thrissur.
SEBI is considering reducing the size of Real Estate Investment Trusts, allowing them to hold just a single asset or a diversified portfolio, to increase supply and flexibility for investors, said an official.
An amendment of the Real Estate Regulatory Authority (RERA) law is being considered in this regard.
Top DGGI officials said that it is the complexity of GST laws, and the rates that keep changing, that the builders or real estate agents have used to their benefit.
Despite several advantages, one must be careful while purchasing a second-hand house. The most important being the possibility of liabilities associated with the structure.
Realtors are all geared up for the post-pandemic times once the coronavirus wave subsides and plan to leave no stone unturned to deliver flats as early as possible.
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