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VACANT FLATS SALE
Landlord gets tax notice about addition of Rs 7 lakh to his income as deemed rent of his five vacant apartments; he fights and wins case in ITAT AhmedabadThe ITAT Ahmedabad ruled in favor of a landlord, striking down a Rs 7 lakh deemed rent addition for five vacant Mumbai apartments. The trib...
Here's how Bengaluru's water crisis has affected real estate sales as per Knight Frank reportHousing sales in Bengaluru have slightly decreased by 2% to 13,133 units compared to 13,390 units last year, mainly due to reduced sales in...
MHADA sets policy for sale of 11,184 vacant flats across divisional boardsAs per the policy specifications laid down by the authority, the divisional boards are directed to submit proposals to the government for r...
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...
In Kerala, a glut of empty NRI mansions as whole families settle abroadAround 100 NRI houses, most of them palatial, are up for sale at Kaippuzha village in Kerala’s Kottayam district. The village has all the a...
Godrej buys plot in Delhi for Rs 1,100 croreGodrej Properties has about 145 million square feet of developable area across real estate assets classes in 11 cities in India.
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).
North, east-facing Bangalore Development Authority flats may cost moreAuthority considering charging a permium for ‘vaastu-compliant’ units due to many unsold south and west-facing flats.
Still waiting for your dream flat in Noida? NBCC may be saviourTo begin with, the panel headed by Union housing secretary DS Mishra, will take up the stalled projects of four real estate players - Unite...
Air India garnered Rs 445 crore from land assets in 6 yearsThe amount collected by Air India so far is a tenth of the target that was set for it under the Turn Around Plan approved by Cabinet Commit...
Venkaiah Naidu launches DDA's new housing scheme, 12000 flats on offerAround 10,000 unoccupied flats are from the 2014 housing scheme, while 2,000 flats had been lying vacant.
Bangalore Development Authority flats with added amenities attract home buyersAccording to officials, adding of modern amenities by the authority has been promising for home buyers for the good response.
Air India plans to raise Rs 80 crore through sale of assetsAs per the turnaround plan approved by the CCEA in 2012, AI is required to generate Rs 5,000 crore by sale, leasing or developing an asset ...
Give infra and staff to judiciary to clear pendency of cases: Bombay High CourtThe observation came from a bench of justices S C Dharmadhikari and B P Colabawalla, who were hearing a petition filed by Sales Tax Tribuna...
LG India rejigs roles in senior management to streamline operationsThree senior industry executives said the changes are driven by the company’s new managing director Kim Ki-Wan, who wants to accelerate rev...
- Government can't stop developers from collecting extra charges: SC
Govt is not empowered to meddle with transactions and put any restriction on the rights of developers in the matter of sale and purchase of...
- Query corner: Tax
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