Articles about Anuj Puri

Bengaluru has emerged as the ruler of South India, as far as real estate housing market goes.

2017 was one of the worst phases for India's realty sector; even before it could recover from the Nov'16 demonetization blow, a slew of reforms like Real Estate Regulation Act and GST slowed the business.

Over the past few years, incidents of old buildings collapsing have frequently been recorded in India.

Former Housing CEO Rahul Yadav is now the Chief Product and Technology Officer at ANAROCK Property Consultants, the new venture of real estate industry stalwart Anuj Puri.

The government has stated that soon, benami properties in the country may be converted in to office spaces or residences. It is said to be a part of PM Modi's crackdown on corruption and black-money.

The Income Tax department stated that individuals found violating the Benami Transactions Act would invite 7 years of rigorous imprisonment.

According to the Benami Transactions Amendment Act 2016, individuals are prohibited from buying property in the name of family members, unless they are joint-holders of the property. Only property bought for spouse or children are exempt from this clause.

In light of PM Modi's vow to go after "Benami Properties", experts said if the new law was implemented effectively, it would bring transparency to real estate sector.