Chinese Real Estate Developer Country Garden on Verge of Major Offshore Credit Default Today
Lack of payment would make Country Garden the latest in scores of Chinese developers who have defaulted. The firm had last week warned about...
Homebuyers Who Secure RERA Decrees Can’t Be Treated Differently From Other Financial Creditors Under...
Introduction
The Supreme Court of India has ruled that homebuyers who secure decrees from the Real Estate Regulatory Authority (RERA) for a refund of their...
Relief for Buyers on GST Rate on Water Connection, Electricity Installation, Development Charges &...
IN RE: M/S. PURANIK BUILDERS LIMITED, APPELLATE AUTHORITY FOR ADVANCE RULING, MAHARASHTRA has provided relief and Good News for All Flat Buyers with a Ruling that...
18% GST Applicable on Sale of Parking along with Flat
Sale of Parking Space along with Flat is liable to taxed at 18% under GST and not as Composite Supply
2023 (1) TMI 81 -...
Haryana Revenue & GST Department to Share Data for Curbing GST Evasion on Commercial...
Government of Haryana
Excise & Taxation Department Haryana
Chandigarh, 23rd May 2022
PRESS RELEASE
Haryana Revenue Department to Share data of Commercial Rent/Lease Deed with Haryana Excise and...
I Want To Sell My House In USA And Move To India. What Are...
I have been working in USA for more than 12 years and now my family and me are moving back to India for good this...
Income Tax & GST Changes on Real Estate Industry by Budget 2022
Income Tax
Concept of Updated Return introduced in Section 139(8A) along with Payment of additional taxes of 25%/50% in non search, information etc routine cases...
Income Tax on Land Purchased from Director at Higher Cost and Sold at Lower...
Madras High Court in Case of COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, CHENNAI. VERSUS M/S. ADITYARAM PROPERTIES (P) LTD vide Order Dated 18th August,...
CREDAI’s survey revealed postponement of 95% home buying decisions due to the second...
The second wave of covid-19 and the various lockdown restrictions have led to project delays, deferred home-buying decisions, reduced customer enquiries and deepened financial constraints.
About 95% developers...
NCLT approved the overall resolution plan of Piramal Group for Dewan Housing Finance Ltd...
The National Company Law Tribunal (NCLT) has approved the overall resolution plan of Piramal Group for Dewan Housing Finance Ltd (DHFL). The NCLT pronounced...
90 million square feet of office space coming up, real estate sector expects recovery...
With nearly 7,400 leases of approximately 90 million square feet coming up for renewals in 2021 across the six major commercial real estate hubs...
Growth of India’s real estate segment continued in the first quarter of FY 21
India’s real estate segment has remained resilient during the pandemic period. Buoyed by conducive government policies, central bank support, stricter regulations, tax reliefs, stamp...
National Company Law Tribunal’s Delhi bench appointed an Interim Resolution Professional to conduct...
The National Company Law Tribunal’s (NCLT) Delhi bench has appointed an Interim Resolution Professional (IRP) to start a Corporate Insolvency Resolution Process (CIRP) against...
Five Years of the enactment of the act, RERA transformed the reality sector
Five years after the enactment of the Real Estate Regulation Act (RERA), the law much-needed has not only transformed the real estate sector but...
Supreme Court struck down the WBHIRA as unconstitutional, in conflict with RERA 2016
The Supreme Court on Tuesday struck down the West Bengal Housing Industry Regulation Act, 2017 (WBHIRA) as unconstitutional for being in conflict with Central legislation already...
To end flat registration delay, UP-RERA seeks direction from the State Govt
Thousands of homebuyers are still waiting to register their flats due to a deadlock because of dues between promoters and authorities. To end flat...
Tata vs Mistry case: Cyrus Mistry seeks review of SC verdict
The Shapoorji Pallonji Group has filed a review petition before the Supreme Court seeking review of its March 26 verdict in the dispute between...
Tie up of RMZ Corp and CPP Investments for commercial development in India
RMZ Corp and CPP Investments announced that they have entered into a joint venture to develop and hold commercial office space in Chennai and...
On violation of RERA guidelines, Bihar RERA penalized Green Vatika Homes Pvt Ltd., Arunendra...
The Bihar Real Estate Regulatory Authority (BRERA) has taken strong action against three private developers for violating RERA norms, an official said on Tuesday.
The action has...
Can Joint ITC Ledger Lead to Vast Anti Profiteering Investigation on Real Estate Developers?
Maintaining Joint ITC Register Lands Up Builder in Wider Investigation Net
It is learnt recently that NAA has directed DGAP to further investigate profiteering against...
Monetary Policy: Corporate Loans One-Time Restructuring got permitted by R.B.I.
On Thursday, the Reserve Bank of India (R.B.I.) has announced its decision about the extension of one-time restructuring of loans with up to 2 years moratorium for the stressed real...
Why NAA Need to Revisit it’s Anti Profiteering Computation on Real Estate Companies
5 Flaws in NAA Methodology for Computing the Anti Profiteering Demands on Builders and Developers
https://youtu.be/5MCYnvfqJOo
Both Director General Anti Profiteering (DGAP) and National Anti Profiteering...
Another Builder Held Guilty of Profiteering by NAA based on ITC Ratio Comparative Method
Builder denied benefit of ITC to buyers of flats and shops: NAA
Smt.
Shubhra Vipin Gajbhiye Vs Pyramid Arcades Pvt. Ltd (National
Anti-Profiteering Authority)
It is
established from the perusal...
No Input Tax Credit on Lease Rental Paid on Land for Construction of Hotel...
There can be several
permutation and combination in which construction of Immovable properties viz
Flats, Hotels etc can be undertaken. Some may have own land and...
D-MALL Netaji Subhash Place – Review
Situated in the Heart of NSP - Pitampura Corridor and on the Outer Ring Road is D-MALL of Netaji Subhash Place. The Mall is...
Real Estate GST Changes W.e.f 1st April, 2019 – Simplified Legal Analysis
By CA Ankit Gulgulia (Jain)
After a long round of discussions, finally the
real estate industry has got the notifications in regard to changes suggested
by GSTN...
{VIDEO} Penalties on Builders under RERA (Hindi)
VIDEO TUTORIAL ON REAL ESTATE REGULATION ACT (RERA)
As you know that RERA i.e. Real Estate Regulation Act, 2017 shall be effective from 1st May, 2017....
How to Calculate Anti Profiteering Amount for Real Estate Developers and Builders
How to Calculate Anti Profiteering Amount for Real Estate Developers and Builders
Recommended Read:- Why NAA Need to Revisit it’s Anti Profiteering Computation on Real...
Government to discuss bringing real estate under GST next week- Is It the Right...
Government to discuss bringing real estate under GST next week- Is It the Right Time Now??
The issue of bringing real estate under the GST's...
RERA – An Imperative to structure the Secondary Real Estate In A Transparent Way
RERA - An Imperative to structure the Secondary Real Estate In A Transparent Way
When RERA (Real Estate Regulatory Authority) was implemented in 2016 there...