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NO TAX ON REDEVELOPMENT
Man earns Rs 75 lakh by redeveloping property inherited from mother, pays no income tax, receives notice, wins case in ITAT DelhiProperty owner inherits mother’s land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh from builder, pays no...- Texas’ 1927 Hawn Hotel closed in 1978 and was condemned in 1989; a $17.6 million rehabilitation converted the vacant tower into 33 housing units and ground-floor commercial spaceThe Hawn Hotel in Temple, Texas, has transitioned from a long-vacant structure to a modern residential and commercial space. Completed in 1...
- Developer Richard Rubin bought a long-shuttered Alabama Ramada Inn in 2021; after a sub-$5 million redevelopment, its 120 rooms were slated for workforce housingDeveloper Richard Rubin is transforming a long-shuttered Ramada Inn in Sheffield, Alabama, into workforce housing through his firm, rm Repv...
- SRIT India shares list at 14% premium over IPO price on NSESRIT India made a strong stock market debut, listing at a 13.85% premium on NSE and 7.54% on BSE. The Rs 218.40-crore IPO was subscribed 12...
- Tenant fails to get protection from eviction as he could not prove property owner's brother signed unregistered rent agreement with him; Madras HC order explainedTenant can't claim protection from eviction without first proving signing of an unregistered rent agreement with the property owner's broth...
- CREDAI says unable to build affordable homes due to high input cost, taxes; seeks govt sopsCREDAI has raised concerns about the lack of affordable housing being built because of rising costs. The organization's President, Shekhar ...
- SRIT India IPO opens for subscription: GMP signals 12% premium; check key detailsThe SRIT India IPO is a Rs 218.40-crore book-built issue, comprising an entirely fresh issue of 1.68 crore shares. The IPO has no offer-for...
- Will gives you property rights, but what next? Know these 7 steps to transfer ownership and secure possessionA Will plays a crucial role in outlining how assets will be allocated following an individual's death, which can lead to family disputes if...
- 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...
- A historic textile mill narrowly escaped demolition; developers preserved its historic elements and transformed the site into a mixed-use developmentA former textile mill in Belmont, North Carolina, has been revitalized into a mixed-use development. This project preserved historical elem...
- Ford Twin Cities Assembly closed in 2011 after building Rangers and Model Ts; demolition crushed 150,000 tons of concrete for backfill and grading on the St. Paul siteThe former Ford manufacturing site in St. Paul has been transformed into a vibrant housing community along with a grocery store. For decade...
- In 1920s, a sedimentary basin in Texas was denounced as a 'graveyard'. 100 years later, it generates $100 billion and 800,000 jobs across AmericaWith over 43% of the nation's oil production and billions of dollars in revenue, the Permian Basin in Texas is currently the largest oil-pr...
- 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 ...
- Suraj Estate Developers Q1 sales up 74%, adds Dadar land parcelSuraj Estate Developers saw sales value rise seventy-four percent year-on-year. Sales area also increased seventy-four percent, showing str...
- 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...
- Stocks in news: Indigo Paints, LG Electronics India, Tata Motors PV, Honasa Consumer, Ashok Leyland, PhysicswallahIndian equity markets saw a decline on Thursday, August 13, with the Nifty 50 closing lower. Persistent Middle East tensions and a stronger...
- New Delhi Secretariat building to come up at ITO; Income Tax Office to get new buildingDelhi government plans a new high-tech single tower secretariat at ITO. This project involves redeveloping approximately ten acres of gover...
- Arvind Panagariya pitches ‘special employment regions’ to build job-led citiesEconomist Arvind Panagariya suggests creating special employment regions in India. These regions would foster urban development and job cre...
- 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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