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Tag: #Government

Hiranandani

Hiranandani Group announced its foray into the data centre parks business.

July 20, 2019

By Abhay Shah, Realty Quarter On 18 July 2019, Hiranandani Group, together with the new business venture Yotta Infrastructure, announced its foray to data centre parks. The first stage of operations in Chennai and Panvel (Mumbai) is scheduled to begin with Hiranandani projects. A 100% subsidiary of the Hiranandani Group and Yotta will deliver hyper-density, […]

Hiranandani Group announced its foray into the data centre parks business.more
Supreme court

Government of Maharashtra says that builders do not need to give excess land – SC Approves.

July 5, 2019

By Abhay Shah, Realty Quarter Under the new defunct Urban Land (Ceilings and Regulation) Act (ULCRA), builders will no longer have to surrender surplus land for public housing. On Tuesday, the Supreme Court approved the consent terms which was signed between the state government and the builder’s body, Maharashtra Chamber of Housing Industry. The agreement says that builders can now […]

Government of Maharashtra says that builders do not need to give excess land – SC Approves.more
Mr Neh Srivastava, Under Secretary, Ministry of Home Affairs and President, CSSOS

New tax regime for buyers with completion certificate; flexibility to opt for lower GST sans ITC

July 4, 2019

By- Mr Neh Srivastava Under Secretary, Ministry of Home Affairs and President, CSSOS With elections done and dusted, the Central Board of Indirect Taxes and Customs (CBIC) is moving ahead with its plan to implement its 12 per cent GST order on balance amount due to the builders. As per the order, Home buyers who have been granted completion […]

New tax regime for buyers with completion certificate; flexibility to opt for lower GST sans ITCmore
Property Tax

Waiver of taxation for property in Mumbai approved for apartments of up to 500 sq ft.

By Abhay Shah, Realty Quarter On Monday, the state legislative council approved the law giving a tax exemption for residential properties whose carpet area is within 500 square feet. While the proposal was tabled, Devendra Fadnavis, said that the government chose to waive property tax in Mumbai only because the BMC is financially viable and can achieve the […]

Waiver of taxation for property in Mumbai approved for apartments of up to 500 sq ft.more
IL&FS

IL&FS Financial Services have laundered Rs 5,000 crores of shareholder funds, ED reports.

June 24, 2019

By Abhay Shah, Realty Quarter On Thursday, The Enforcement Directorate told a Mumbai court that a subsidiary of the crisis-hit IL&FS Group called as IL&FS Financial Services (IFIN), alone had supposedly laundered more than Rs.5,000 crores of shareholder funds. In a remand application submitted to the special court, the ED asserted that the group was […]

IL&FS Financial Services have laundered Rs 5,000 crores of shareholder funds, ED reports.more
USGBC logo

Maharashtra ranks at the top in LEED-certified spaces in India – USGBC report.

June 20, 2019

By Abhay Shah, Realty Quarter On 18 June 2019, the US Green Building Council (USGBC) issued the list of India’s Top 10 LEED (Leadership in Energy and Environmental Design) states – the most widely used green building rating system in the world. The list was published for the second year in India and as on 31 […]

Maharashtra ranks at the top in LEED-certified spaces in India – USGBC report.more
ED Logo

Zakir Naik terms ED’s charges a Lie.

May 13, 2019

By Abhay Harish Shah , Realty Quarter A few days back preacher Zakir Naik was blamed against Money Laundering for which he termed as a lie, the Enforcement Directorate’s (ED’s) claim that he transferred over Rs 49crores to his bank accounts in India over a period of 6 years, despite not having any known source […]

Zakir Naik terms ED’s charges a Lie.more


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