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REDEVELOPMENT OF FLAT
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...- Could old tires become roof shingles? How recycled rubber is being turned into roofing materialsA used tire can become the unexpected material for a creative DIY project. Through a partnership with Discount Tire, a small birdhouse was ...
- 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...
- 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...
- 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...
- 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...
- Delhi Master Plan 2047: Key highlights of blueprint for housing, metro & YamunaDelhi's Master Plan 2047 targets 40 lakh new homes and a 695-km metro network by 2047. It includes redevelopment for unauthorized colonies ...
- Manohar Lal Khattar unveils Delhi's 2047 blueprint: 40 lakh homes, 695-km metro & jobs on agendaDelhi's Master Plan 2047 proposes forty lakh new homes for its growing population. The city's metro network will expand to six hundred nine...
- Mumbai’s prime residential market’s capital values increased 1.4%Mumbai's prime residential market saw capital values increase by 1.4 percent and rents by 1.2 percent. This performance occurred amid a glo...
- Assam CM inaugurates newly constructed Integrated DC Office Building of Kamrup Metropolitan DistrictAssam Chief Minister Himanta Biswa Sarma inaugurated a new Integrated District Commissioner’s Office. This modern facility in Kamrup Metrop...
- 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...
- 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...
- 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...
- ₹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 ...
- 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...
- Mumbai: Charkop building to serve as case study for self-redevelopmentWhat makes this project unique is that it was executed by residents themselves under the self-redevelopment scheme. No builder was involved...
- 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).
- Centre gives green nod to rebuild MP flats in Lutyens zoneThe Centre has given environment clearance for redevelopment of flats for MPs at North and South Avenue in the national capital.
- 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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