Category: Mumbai

In redevelopment circumstances, the builder’s rent is not taxable: ITAT-Mumbai

April 27, 2023

MUMBAI: The Mumbai branch of the Income-Tax Appellate Tribunal (ITAT) recently ruled that the former apartment owner is not subject to taxation on the rental income obtained from a builder as a result of a redevelopment project. Even though the taxpayer, the previous apartment owner, had moved in with his parents instead of renting another […]

In redevelopment circumstances, the builder’s rent is not taxable: ITAT-Mumbaimore

Awardees announced for 6th Anniversary of Real Estate & Construction Industry Leadership Awards 2023

April 22, 2023

Realty Quarter, a leading real estate and construction industry media platform, successfully celebrated its 6th anniversary of Real Estate & Construction Industry Leadership Awards 2023 in association with Trans India Group. The event was held on 21th Apr 2023 at The Orchid Hotel, Cascade Roof top, 7th Floor, Nehru Road, Near Mumbai Airport, Vile Parle […]

Awardees announced for 6th Anniversary of Real Estate & Construction Industry Leadership Awards 2023more

Realty Quarter Celebrates 6th Anniversary of Real Estate & Construction Industry Leadership Awards 2023 in Mumbai

Mumbai, India – Realty Quarter, a leading real estate and construction industry media platform, successfully celebrated its 6th anniversary of Real Estate & Construction Industry Leadership Awards 2023. The event was held on 21th Apr 2023 at The Orchid Hotel, Cascade Roof top, 7th Floor, Nehru Road, Near Mumbai Airport, Vile Parle (East), Mumbai. The […]

Realty Quarter Celebrates 6th Anniversary of Real Estate & Construction Industry Leadership Awards 2023 in Mumbaimore

Government will establish a group to develop a sample builder-buyer agreement: Official

April 19, 2023

MUMBAI: In order to, among other things, speed up the home-buying process and protect customers from potential abuses, the government has decided to organise a committee to work on a model buyer agreement, a top government official declared on Tuesday. According to Consumer Affairs Ministry Secretary Rohit Kumar Singh, the committee, which will include representatives […]

Government will establish a group to develop a sample builder-buyer agreement: Officialmore

In one of the oldest PMLA cases, the ED files charges against a Mumbai-based builder.

April 18, 2023

MUMBAI: The Enforcement Directorate (ED) recently filed a chargesheet in the court against developer Shailesh Sawla and two of his firms, Kunal Construction and Sawla Construction, for selling homes to prominent persons in a slum-dwelling project. It’s one of the ED’s oldest pending laundering of money cases, dating back to the Prevention of Money Laundering […]

In one of the oldest PMLA cases, the ED files charges against a Mumbai-based builder.more

Bombay High Court: Tenants have few rights and can’t control redevelopment.

April 10, 2023

MUMBAI: According to the Bombay High Court, tenants have few rights and cannot tell the owner how to renovate their property. The court ordered the BMC to grant a commencement certificate for redevelopment in the matter of a Khar (West) building where an “obstinate tenant” (HC’s words) was delaying renovation. The owner, a limited liability […]

Bombay High Court: Tenants have few rights and can’t control redevelopment.more

Growth of 8–10% is anticipated for housing financing companies in FY22, according to the report

April 6, 2023

MUMBAI: According to a report, housing finance companies (HFCs) are projected to have a rate of growth of 6-8% during the year and 8-10% in FY2021-22 as a result of the demand for housing loans increased in the final two quarters of fiscal 2020–21. With the exception of one significant player’s portfolio, which experienced a […]

Growth of 8–10% is anticipated for housing financing companies in FY22, according to the reportmore

Residential searches rose 14.2% between January and March 2023, while listings rose 1.9%.

March 30, 2023

NEW DELHI: As per Magicbricks’ Proplndex research, residential searches surged by 14.2 percent from January to March 2023 while listings increased by 1.9 percent. Residential searches grew 3.2% quarter over quarter, the research claims, following a little fall of 2.5% the previous quarter, led by Ahmedabad (21.4%), Bangalore (10.3%), and Pune (7%). The survey also […]

Residential searches rose 14.2% between January and March 2023, while listings rose 1.9%.more

BMC’s air pollution management strategy in Mumbai depends on builder self-certification.

March 29, 2023

MUMBAI: According to an action plan created by the civic body, if builders do not take action to reduce the dust produced from construction sites, the BMC would issue stop-work warnings to them and take legal action if necessary. If contractors fail to self-certify that a construction project complies with dust mitigation standards, such as […]

BMC’s air pollution management strategy in Mumbai depends on builder self-certification.more

Regularization laws should not be used as a tool for illegitimate building.

March 28, 2023

MUMBAI: The Bombay High Court ruled that the legal mechanism for regularisation “cannot be a weapon to be deployed by the petitioner in every case of rank unlawful building.” The HC turned down a hotelier’s request for an injunction to stop a civic organization from tearing down the illegal buildings and allow time to file […]

Regularization laws should not be used as a tool for illegitimate building.more

Category: Mumbai

Sign Up for our Free Newsletter