China has long considered imposing a property tax nationwide to control the country’s property bubble and curb excessive housing speculation. The top decision-making body of the National People’s Congress, China’s parliament, on Saturday announced that...
China Evergrande, once the country’s second-largest real estate developer, is drowning in debt. Some 1.5 million people have put deposits on new homes that have yet to be built. A collapse could be catastrophic. Property...
Under The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act) lenders like Banks and Financial Institutions are empowered to recover mortgaged properties, without intervention of court, in case of...
Of late we have seen that the 20:80 scheme (subvention) has become very popular with the property buyers. More and more developers are now bundling this scheme with their new property offerings in order to...