Vijayawada: The AP high court expressed its displeasure with the state government on Tuesday for failing to release funds to beneficiaries of the YSR Rural Housing Programme, formerly known as the NTR Housing Programme. The high court stated that altering the name of the scheme will not benefit the people unless payments are made on […]
The HC wants a report on the rural housing scheme.more
NEW DELHI: The CBIC has stated that from January 1, no GST will be payable on housing units rented to the owner of a proprietary concern for residential use only. The Central Board of Indirect Taxes and Customs (CBIC) also notified changes to GST rates for certain goods and services, effective January 1, 2023, based […]
CBIC: GST is not payable on a house rented to a proprietor for residential purposes.more
BENGALURU: The National Consumer Disputes Redressal Commission (NCDRC) has ordered city-based ND Developers to refund home buyers’ money plus 9% interest for failing to deliver the flats on time. On March 31, 2011, more than 50 homebuyers decided to book flats at ND Laurel, a housing project at Gunjur, near Varthur in Bengaluru East, according […]
NCDRC orders ND Developers to refund homebuyers for delivery delays.more
NEW DELHI: Godrej Properties (GPL) announced an outright purchase of approximately 9 acres of land in Gurugram, Haryana, in a BSE filing. This project will include approximately 1.6 million square feet of luxury residential development. The project’s revenue potential is estimated to be around Rs 2,500 crore. In Kurukshetra, the company recently purchased approximately 62 […]
Gurugram-based Godrej Properties has purchased nine acres of land.more
CHENNAI: The increased property tax regime in Chennai and Coimbatore corporations is unavoidable. The Madras high court upheld the legal implications of a government order rising it in the two cities on Tuesday. Despite dismissing a slew of petitions challenging the councils’ resolutions and the subsequent GO raising the property tax, Justice Anita Sumanth reserved […]
The Madras High Court has upheld a property tax increase in Chennai and Coimbatore.more
HYDERABAD: Amid the din, the GHMC budget of 6,224 crores for the fiscal year 2023-24 was approved at its fifth general assembly meeting on Saturday. No discussion on the budget or the agenda took place due to protests from both BJP and Congress corporators, as mayor Gadwal Vijayalakshmi quickly called for a vote after her […]
Hyderabad civic body’s FY24 budget of Rs 6,224 crore was approved without debate.more
JAIPUR: The Rajasthan Real Estate Regulatory Authority (RERA) has begun granting exemption certificates to developers for completed real estate projects prior to sale or marketing. RERA-Raj decided that developers who completed their real estate projects and obtained a completion certificate from any relevant authority, such as development authority, municipal corporation, and urban improvement trust (UIT), […]
Rajasthan RERA has begun issuing exemption certificates to builders.more
MUMBAI: Sebi, the market regulator, announced on Tuesday that it will implement governance standards for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) along the lines of listed companies. The provisions relating to auditor tenure, leverage computation, and unclaimed/unpaid distributions for REITs and InvITs will be standardized by the regulator. The Sebi board […]
Sebi will establish governance standards for REITs and InvITs that are comparable to those for publicly traded companies.more
HYDERABAD: In the Heera Gold scam case, the Enforcement Directorate has temporarily attached the immovable and movable assets of SA Builders and Developers and Neelanchal Technocrats worth Rs 78 crore. It was claimed that the accused real estate firm diverted funds from the crime proceeds to shell companies in Kolkata and Shillong. The properties were […]
The ED seizes assets worth Rs. 78 crore in the Heera Gold scam.more
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Sethia Pride | Kandivali (E), Mumbai | Sethia Infrastructuremore
