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PROPERTY REDEVELOPMENT AGREEMENT
Homeowner sold redeveloped flat for Rs 1.95 crore, paid no income tax, received a tax notice; wins relief in ITAT MumbaiAfter redevelopment of housing society, homeowner sold his flat for Rs 1.95 crore, pays no tax, got tax notice, wins case in ITAT Mumbai fo...- 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...
- 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...
- Maharashtra sets stricter redevelopment norms, higher safeguards for housing societiesMaharashtra has tightened redevelopment rules for cooperative housing societies, introducing stricter requirements for developer selection,...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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 ...
- 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...
- Maharashtra govt’s stamp duty amnesty extension to help redevelopment projectsThe scheme that allows property buyers, who have either not paid or paid insufficient stamp duty on their purchase agreements, to regulariz...
- Godrej Properties inks new redevelopment project in ChemburThe listed developer's subsidiary Godrej Redevelopers Mumbai Pvt Ltd has entered into a development agreement with a Federation.
- Godrej Properties in pact for 2.5 acre redevelopment project in Mumbai suburbGodrej Properties has entered into an agreement to redevelop a private society owned property in Ghatkopar suburbs of Mumbai.
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