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MUMBAI FLAT REDEVELOPMENT
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...- 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...
- MHADA issues letter of acceptance to consortium for 33-acre Abhyudaya Nagar redevelopmentMHADA has accepted a consortium's bid for the cluster redevelopment of Mumbai's Abhyudaya Nagar colony. This significant project will provi...
- Rs 1.6 crore for 1BHK! Viral property video tour shows Mumbai’s harsh housing realityA viral video showcasing a compact Mumbai apartment for ₹1.6 crore has sparked widespread debate. While many expressed shock at the price f...
- Man surrendered tenancy rights for Rs 11 crore flat in redevelopment project; Income Tax dept issued notice but ITAT Mumbai ruled in his favour. Here's whyA Mumbai tenant received a Rs 11 crore apartment for giving up tenancy rights during redevelopment. The Income Tax department questioned th...
- Noida approves new redevelopment policy inspired by Mumbai modelNoida Authority has approved a redevelopment policy, inspired by Mumbai, to revitalize prime areas by demolishing old EWS flats and constru...
- ₹2.6 crore flat and zero tax: How a Mumbai man won twice in courtIn a significant ruling, the Income Tax Appellate Tribunal (ITAT) has declared that a Mumbai resident will not be taxed on a ₹2.6 crore fla...
- Big relief for flat owners: No income tax payable if you get a new flat in exchange for old, rules Mumbai ITATA recent Mumbai ITAT ruling offers relief to homeowners in redevelopment projects. The tribunal held that receiving a new flat in exchange ...
- Mumbai: Irresistible offers rain down on owners of old propertiesIn Bandra (west) near Mount Mary, Sea Breeze society has signed a redevelopment deal with Sunteck Realty. Flat owners will receive 50% more...
- CREDAI-MCHI urges finance minister to change redevelopment projects’ GST structureReal estate developers of Mumbai's Metropolitan Region have approached the Indian Ministry of Finance with concerns that the Goods & Servic...
- Tax relief on builder-paid rent in redevelopment projectsThe Income-Tax Appellate Tribunal’s (ITAT) Mumbai bench recently held that the rental compensation received from a builder due to a redevel...
- Patra Chawl Land Scam: Mumbai Court grants bail to Shiv Sena MP Sanjay RautA special court in Mumbai granted bail to Shiv Sena leader and MP Sanjay Raut in a money laundering case pertaining to the Patra Chawl rede...
- Ajmera Realty to invest Rs 110 cr to redevelop housing society in Mumbai"The company will invest approximately Rs 110 crore to redevelop the housing project as part of its plan to expand footprint and build resi...
- EOW arrests HDIL's Sarang Wadhawan in a redevelopment fraud caseWadhawan and his father, Rakesh are currently in judicial custody at Mumbai's Arthur Road jail for their alleged roles in the over Rs 6,000...
- Mumbai realtors ask state for GST reduction, Input Tax Credit on redevelopmentThe GST Council recently recommended reducing the tax rates while withdrawing the Input Tax Credit (ITC).
- Redevelopment of housing societies may fetch 1 free room per flat in MumbaiCritics are not impressed as they feel the move does not go far enough and may still not attract builders interested in redeveloping privat...
- Non-consenting members in a minority cannot halt redevelopment of housing societyBombay High Court ruled that non-consenting members who are in a minority cannot stop redevelopment of housing society.
- Builders association urges Maharashtra government to take over SRA redevelopmentBAI has urged Maha govt to take over redevelopment of SRA schemes and nominate MHADA, MMRDA and CIDCO as official agencies for slum redevel...
- 100-yr-old Mumbai building fetches Rs 150 croreNowroz Building, a century-old residential building near Girgaum Chowpatty has been bought by Avinash Bhosale for Rs 150 crore.
- Kurla society hits redevelopment jackpotMumbai-based Narang Developers is believed to have struck a deal with Bombay Taximen Colony for around Rs 1,100 crore.
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