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
MahaRERA will now allow only skilled workers at construction sites to ensure quality construction and prevent accidents. The workers will also benefit from insurance coverage for their family members. The MahaRERA has already started to recruit employers’ organizations and also ensuring that the workers do not lose their wages for the day. “The process of […]
MahaRERA edicts to appoint only skilled labours for quality construction.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
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
What is Title Insurance? To protect the buyer of the property, be it a house, land or even a developer who buys land, an insurance company agrees to compensate the purchaser against any loss caused by a defect in the title of the seller in the property. Under title insurance, you will be paid by […]
The importance of Title insurance, how does it help a housing society?more
Magnolia Quality Development Corporation (MQDC) a Thailand real estate development company is going to launch its first-ever co-working office space under the name Whizdom Club in India. It is being said that they will be developing two more properties in Delhi NCR and is assessing opportunities for property development. The first of the three proposed […]
Thailand based real estate developer will be developing co-working space for Students and Startups.more
Despite India’s property sector being subjected to delayed and stalled housing projects, home buyers are in the need of checking the financial health of a builder, so as to prevent any uncertainty about its completion. “To avoid risks later it is extremely important for a buyer to verify a project’s financial health. See the company […]
Investment: How to avoid stalled project risk and evaluate the financial health of a developer’s project?more
On Wednesday, the Securities and Exchange Board of India (SEBI) provided guidelines on the preferential issue of units and institutional placement of units by a listed Real Estate Investment Trust (REITs). The regulator said that if it has been listed for a period of 12 months, a listed REIT may create a preferential issue of […]
Recent guidelines by SEBI on preferential issue & institutional placement by listed REITs.more
