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REDEVELOPMENT AGREEMENT
Tenant received Rs 1.38 crore worth of flats for surrendering tenancy rights for society's redevelopment, he received income tax notice; Know how he won the case in ITAT MumbaiTenant receives Rs 1.38 crore permanent alternate accommodation, gets Section 56(2)(x) tax notice; ITAT Mumbai gives relief; know why. This...- Puravankara enters NCR with Rs 340 crore Greater Noida land buy, eyes Rs 5,200 crore GDVBengaluru-based Puravankara has entered the Delhi-NCR real estate market with the acquisition of a 13.44-acre Greater Noida land parcel for...
- Puravankara announces ₹5,200 crore township investment in Greater Noida, entering Delhi-NCR marketPuravankara will invest ₹5,200 crore in a Greater Noida township. This significant development marks the company's entry into the Delhi-NCR...
- Dissenting housing society members challenge redevelopment plan citing 10% less area, but lose the case in Maharashtra co-operate appellate court for this reasonTwo members challenged redevelopment plan citing 10% less area with potential Rs 25 to 30 lakh loss; loses case in Maharashtra Co-operative...
- When ‘almost complete’ means years of waiting: How RERA extensions are pushing possession dates further away for homebuyersMany housing projects miss their completion dates and seek extensions. A MahaRERA analysis shows many projects have extension histories. Re...
- Texas couple donated 50 Acres of their land for a public park. 25 Years later, a $9.2 million expansion is taking shapeDuhacsek Park in Sugar Land, Texas, is set for an exciting $9.2 million overhaul, with plans to add new cricket fields and dog parks. Const...
- Pranav Constructions announces IPO price band, issue opens September 7. Check detailsPranav Constructions has set the IPO price band at Rs 118-124 per share, with the issue opening on September 7. The Rs 315.6-crore fresh is...
- Buying a house in a big gated society? Check these 4 key things before your dream home turns into a nightmareIndia’s cities cannot accommodate their rapidly growing urban populations without greater density. The trend towards large residential proj...
- Launch of 6,000 luxury hotel rooms likely in Delhi NCR by 2030Delhi NCR anticipates significant hotel room additions by 2030. New luxury hotels from Taj, Marriott, and Hyatt are planned. Approximately ...
- Housing society redevelopment: 5 legal checks to make before choosing a builder-led or self-redevelopment projectRevamping aged societies opens the door to fresh residential and commercial opportunities in Mumbai. Choosing between hiring a builder or e...
- Two Parsi-owned Perry Cross Road bungalows to be torn down for Rs 1,500 crore luxury projectBungalows on Perry Cross Road in Bandra, Gladhurst and Kavas Lodge, are set to be torn down by Supreme Universal to make way for two luxury...
- Redeveloping your housing society? 7 risks that could keep you out of your home for 8–10 years
- Ageing housing societies: How homeowners can avoid losing their homes and money to redevelopment delaysAgeing housing societies that were promised bigger, modern living spaces have seen builders abandon or stall construction for years, with l...
- Puravankara Q1 Results: Revenue surges 63% to Rs 877 crore; PAT at Rs 25 crorePuravankara posted impressive Q1 FY27 results with a remarkable twenty-eight percent rise in pre-sales. Year-on-year, total revenue soared ...
- Puravankara shares rally up to 13% after Q1 revenue jumps 62% YoY; EBITDA margin expands to 25%Puravankara shares rose sharply on Monday after Q1FY27 revenue jumped 63% YoY to Rs 877 crore, while PAT turned positive at Rs 25 crore and...
- ICICI Prudential AMC to raise Rs 2,000 crore fund for Mumbai housingICICI Prudential AMC is raising a Rs 2,000 crore fund for Mumbai residential development. This fund targets redevelopment opportunities in ...
- ITAT Mumbai cancels income tax notice over Rs 8 crore compensation to tenants without their consent; rejects I-T department's contingent liability claimBuilder's hired firm wanted to pay 56 tenants additional Rs 8 crore to vacate land; Tax Dept sent notice citing this payment as contingent ...
- Are you an NRI who sold an under-construction property? Here's what actually counts as your “Date of Purchase” for capital gains calculationNRIs selling under-construction property must use the allotment date for capital gains. This date determines long-term versus short-term ca...
- Prestige Group acquires 2.35-acre land in Mumbai's MulundThe transaction was executed through Prestige Mulund Realty Pvt Ltd, which acquired the property from Shamvik Glasstech Pvt Ltd and General...
- Registration of redevelopment agreement alone doesn’t trigger tax, rules ITATMumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse pr...
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