The GST Council is expected to clarify that Real Estate Regulatory Authority (RERA) will not be subject to Goods and Services Tax (GST), as it falls under Article 243G of the Constitution pertaining to the powers and responsibilities of panchayats. RERA functions as a regulator and facilitator for the real estate sector, ensuring transparency, consumer protection, and dispute resolution.
Real estate developers who have delayed or defaulted or are not intending to complete the projects, are the ones who are not filing the QPR and the AAR: HRERA
Chris Wood of Jefferies, in his latest Greed and Fear report said that fundamental structural reforms have changed India’s macroeconomic factors, which makes the country the best equity story in the world.
Haryana Real Estate Regulatory Authority (H-Rera) has asked Mahira Homes to deposit deficit amounts in the regulator’s accounts. The builder will face revocation of the authority’s registration and an FIR if it fails to comply with the directive.