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REDEVELOPMENT AGREEMENT
'Redevelopment agreement not a property receipt, so not taxable': ITATMumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse pr...- India extends grant support to Maldives for fitness centres across 42 islandsIn an effort to promote healthier lifestyles, India will furnish fitness centers on forty-two islands in the Maldives with essential equipm...
- ConocoPhillips takes 42% stake in BP Iraq ventureConocoPhillips will acquire a minority stake in BP's northern Iraq oil venture. The deal involves BP Energy Company of Kirkuk Limited's pro...
- Egyptian Pyramids to get a makeover: Country's richest family is planning a $41 million revamp of one of the seven wonders of the worldNaguib Sawiris is investing an additional 500 million Egyptian pounds for Giza Plateau redevelopment. This funding will introduce electric ...
- Jamnabai Narsee International School signs Rs 800 crore Juhu lease dealJamnabai Narsee International School will develop a new campus in Juhu. This new facility will be built on 2.36 acres of land over thirty y...
- Mizoram to get its first 4-star hotel as government signs landmark deal with Hotel Polo TowersA concession agreement was signed for developing Chaltlang Tourist Lodge into a premium hotel. Hotel Polo Towers Ltd. will design, build, f...
- South-based developers step up Mumbai play amid strong housing demandSeveral large South Indian real estate developers are now entering Mumbai's property market. They are strategically focusing on redevelopme...
- Maharashtra’s leasehold land record overhaul to tighten realty deals scrutinyMaharashtra has ordered that all government leasehold lands be recorded in revenue records with the state government as the sole occupant, ...
- Middle East peace deal lifts market mood, but key challenges remain: William LeeGlobal markets are optimistic about a new peace framework involving Iran, easing energy supply and geopolitical concerns. Investors welcome...
- Mumbai redevelopment projects gather steam as cluster-led developments gain tractionMumbai's property market is seeing a major shift in redevelopment. Developers are now focusing on larger, cluster-based projects instead of...
- JSW Energy acquires MCCPL to strengthen thermal portfolioJSW Energy is acquiring Maruti Clean Coal & Power Limited for Rs 1,410 crore. This move supports JSW Energy's goal of reaching 30GW capacit...
- For 13 years a builder failed to redevelop a 70-year-old housing society so a new builder was appointed, the old builder objected, but HC favored residentsThe Bombay High Court has backed housing society members in a redevelopment dispute. A builder delayed a project for 13 years, prompting th...
- Redevelopment dispute between landlord and tenant: HC asks tenant to pay Rs 5 lakh for using ‘elite form of coercion and extortion’ against landlordBombay High Court dismissed a tenant's plea to recognize a new builder in a redevelopment case. The court found no contract between the new...
- Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
- Niti Aayog to strengthen model concession agreement framework for multi-modal logistics parksNiti Aayog is actively working on improving frameworks for major infrastructure projects. This includes updating agreements for multi-modal...
- Dharavi Redevelopment: Upper-floor home rehab hinges on ground-floor eligibilityUpper-floor residents in the Dharavi redevelopment project may face eligibility challenges, as their rehabilitation depends partly on wheth...
- Mumbai redevelopment activity to add 44,000 homes worth Rs 1.3 lakh cr by 2030Mumbai's ageing housing stock is undergoing a significant transformation driven by a redevelopment boom. Over 910 housing societies have si...
- Sunteck Realty secures Rs 1,100-crore redevelopment project in Mumbai's AndheriSunteck Realty has secured redevelopment rights for a 2.5-acre housing society in Andheri east, Mumbai, with an expected revenue potential ...
- Ready reckoner hike to prompt developers, societies to rework redevelopment pactsThe increase in ready reckoner rates by the Maharashtra government is influencing realty developers and housing societies in Mumbai and Tha...
- Moving into a redeveloped flat in Mumbai? No need to pay stamp dutyThe National Real Estate Development Council (Naredco) had been lobbying with the department of registration and stamps since some time to ...
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