Over the last four years, co-working has been geared to its growth. India is at the forefront of a working revolution with several companies and SMEs rather work out of co-working areas rather than traditional offices. Many small and large players set up operations in 2019, and in the seven top cities in India, there […]
The increasing demand for Co-working space in MNCs, Corporates and SMEs.more
A common dilemma for prospective tenants when searching for a home on rent is to determine what amenities are necessary and based on that what rental amount of the house should be. “The facilities close to one’s home in metropolitan cities could be costly and only accessible through annual membership. Most people, therefore, prefer basic projects […]
Important amenities that a tenant should check before renting a house.more
The Union Cabinet approved the insolvency and bankruptcy code amendments on 11 December. Based on an official release the Code amendments aim, at removing bottlenecks, rationalizing the corporate insolvency resolution process (CIRP) and protecting last-mile funding will boost investment in financially distressed sectors. “Additional thresholds introduced by the authorized representative for the purpose of preventing frivolous […]
IBC amendment bill 2019 seeks to protect last-mile funding.more
On Monday, the Supreme Court permitted the construction activities in the Delhi-NCR area from 6 am to 6 pm, lifting partially its complete ban. The Apex Court reviewed the report of the Central Pollution Control Board (CPCB), which stated that construction works should not be allowed between 6 pm to 6 am. Additional Solicitor General […]
SC partially releases ban, DELHI-NCR gets permission on construction activities.more
A property belonging to a tax assessee should be declared when filing income tax returns, even if it is a self-occupied or rented. Revenue from a property is a separate revenue head eligible for deductions based on whether the property is rented or self-occupied. Treatment of self-occupied property income in line with rules of income […]
Rules to be followed for filing ITR under self-occupied properties.more
The real estate developers expressed disappointment at the decision of the Reserve Bank of India to maintain the status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. The Reserve Bank of India since February has reduced interest rates by cumulatively 135 basis points in five consecutive reductions in […]
RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.more
A permanent committee of the Greater Noida Industrial Development Authority (GNIDA) and Noida Authority would assess all housing projects that seek a zero-period waiver and determine the amount to be exempted from each developer. It would rely on this particular estimate to determine how much relief would be extended to home buyers. The zero-period policy, […]
Noida standing committee will assess the zero-period waiver to determine the relief to be paid to homebuyers.more
Several property developers took the government to the court over the constitutional validity of the National Anti-profiteering Authority (NAA) and claimed the body had no power to demand interest on penalties imposed. This is after NAA has slapped notices for profiting from the Goods & Services Tax (GST) for 50 developers in India. According to […]
Realtors took authorities to the court over the constitutional validity of the National Anti-profiteering Authority.more
In the books, filings and the annual report for March 2019 the promoters of the Dewan Housing Finance have given more than Rs. 80,000 crore personal guarantees of loans. Personal guarantees cover various borrowings and include guarantees on Rs. 42,344 crore secured non-convertible debentures, Rs. 31,975 crore worth bank term loans, Rs. 2,435 crore NHB […]
The promoters of Dewan Housing Finance have given personal guarantees to more than Rs. 80,000 crore of loans.more
In the last three financial years, in accordance with the laws on the recovery of non-performing assets of public sector banks more than 1.7 lakh properties which have a market value of Rs 2.3 lakh crore were taken over or confiscated, the government said Parliament on Monday. In response to the question in Lok Sabha, […]
Last 3 years of NPA recovery resulted in 1.7 lakh seized properties.more
