Tag: Gurgaon Real Estate News Page 1 of 3

HUDA issues notices to over 300 people related to multiple plot allotment scam

Haryana Urban Development Authority (HUDA) is likely to file FIR against more than 300 people in connection with multiple plot allotment scam and resume their plots. Notices have been issued all these people in Gurgaon giving them time to reply till December 3. After conducting an investigation HUDA has prepared a list of people who have taken multiple plots from authority under reserved category by giving false information. The investigation was conducted in pursuance of the Punjab and Haryana High Court direction to constitute special investigation teams in each district for conducting through and fair investigation in cases related to multiple plot allotment scam of Huda. HC had issued the direction while hearing a case related to multiple plot scam.

Haryana FM agrees to fix limit of VAT to 1% in Real Estate

In a recently held NAREDCO 13th Nation Convention at New Delhi, Captain Abhimanyu the Finance Minister of Haryana has agreed to fix the limit of VAT to 1% in Real Estate in Haryana and this government’s decision is welcome and appreciated by NAREDCO.

NAREDCO (National Real Estate Development Council), the apex national body for the Real Estate Industry which works under the aegis of Ministry of Housing & Urban Poverty Alleviation.
President NAREDCO Parveen Jain said that as far as VAT in Real estate in Haryana is concerned, NAREDCO had requested the government to kindly look into the matter of past and present scenarios to understand the grievances, problems and uphill tasks faced by the end-users and developers regarding this aspect. Being a real estate body we welcome the move of Haryana Government.

This decision of fixing 1% VAT has put to rest all the speculations, uncertainty prevailing earlier and all the pending litigations, cases shall be abolished. The chaos and uphill task being faced by the builders and end-users regarding this aspect shall hopefully come to a halt by this decision and also it shall generate more government revenue. So now it is a sign of relief after the announcement of fixing the VAT rate as 1%.

Source – http://timesofindia.indiatimes.com/city/gurgaon/-Haryana-FM-agrees-to-fix-limit-of-VAT-to-1-in-real-estate/articleshow/54333630.cms?

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