Category: Regulatory

Home loan

Sebi approves Aadhar Housing Finance’s Rs 5,000 crore initial public offering.

April 11, 2024

NEW DELHI: According to an update filed with the markets regulator on Monday, Aadhar Housing Finance Ltd., supported by prominent private equity firm Blackstone, has been given the go-ahead by Sebi to raise Rs 5,000 crore through an initial public offering (IPO). According to the Draft Red Herring Prospectus (DRHP), the proposed IPO consists of […]

Sebi approves Aadhar Housing Finance’s Rs 5,000 crore initial public offering.more
Income Tax Department

Tax benefits on investments in another home will still be available to joint owners of the current apartment: ITAT

April 9, 2024

MUMBAI: It is not unusual for a spouse’s name to appear on a flat title. Many people may find value in a recent ruling made by the Income-tax Appellate Tribunal’s (ITAT) Mumbai branch. The Income-tax (I-T) Act’s section 54-F, which deals with long-term capital gains, states that a spouse who co-owns an asset and then […]

Tax benefits on investments in another home will still be available to joint owners of the current apartment: ITATmore

Promotioners of illegal construction in Shantinagar are subject to penalties by the Calcutta High Court.

April 7, 2024

KOLKATA: Two promoters of an unlawful G+4 building at Shantinagar in Salt Lake’s ward 35 were hit with a penalty of Rs 1 crore by the Calcutta High Court on Wednesday. They were also ordered to provide their bank account information, income tax reports, and a list of their own assets by April 12. The […]

Promotioners of illegal construction in Shantinagar are subject to penalties by the Calcutta High Court.more

LAUNCH OF TARC KAILASA

April 5, 2024

TARC Limited, New Delhi-based luxury Real Estate company listed on NSE & BSE announced the launch of its ultra-luxury; high-rise New Delhi Residential Project TARC KAILASA centrally located in New Delhi on main Patel Road. The Company proudly announced one of the biggest launches in the capital city. TARC KAILASA, a 1.7 million square feet […]

LAUNCH OF TARC KAILASAmore

SOBHA_Quarterly-financial-results_Q3-2024

Sobha continues to exhibit a strong performance, driven by robust sales momentum and operational discipline Bangalore, 7 February 2024 Sobha Limited (SOBHA) announced its financial results for the quarter ending December 31, 2023 (Q3FY24). Reported strong results with impressive sales and operational growth across all regions. Brief highlights include: Achieved highest ever collection, realisation and […]

SOBHA_Quarterly-financial-results_Q3-2024more
Property Tax

The local authority of Bengaluru cannot demand upfront payment of the 50% tax differential: HC

February 21, 2024

BENGALURU: The BBMP chief commissioner cannot, the high court said, demand that 50% of the property tax that was allegedly under-assessed be paid in full upfront before issuing an order under Section 144 (15) (e) of the BBMP Act. This was mentioned by Justice S. Sunil Dutt Yadav in his interim ruling last Friday, which […]

The local authority of Bengaluru cannot demand upfront payment of the 50% tax differential: HCmore

Panels will be established to stop unauthorized building: Tamil Nadu to the High Court.

February 19, 2024

MADURAI: High-level committees would be established in corporations and municipalities throughout the state to monitor and prevent unauthorized projects, the state notified the Madras High Court on Thursday. The state contended that the government had called a meeting by a previous directive that suggested the creation of committees to oversee and stop unauthorized building in […]

Panels will be established to stop unauthorized building: Tamil Nadu to the High Court.more