Tag: #Government

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

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

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

Eligibility criteria to get PMAY interest subsidy on Home Loans.

July 2, 2019

By Abhay Shah, Realty Quarter There was no proposal from the government to increase the amount provided under the Pradhan Mantri Awas Yojana (PMAY), Narendra Singh Tomar (Minister for rural development, reported the Rajya Sabha on 28 June 2019. “We lately restructured this system, and we supply Rs.1.5 lakhs to build each house. No suggestion […]

Eligibility criteria to get PMAY interest subsidy on Home Loans.more

Union Budget, 5th July 2019 – Expectations Note

June 27, 2019

The Central Bank and government have taken meaningful measures to alleviate the stress in the real estate sector by executing three successive repo rate cuts and rationalising the Goods and Services Tax (GST) regime. Now is the time to look further and focus on more specific issues. Following are a series of expectations from the […]

Union Budget, 5th July 2019 – Expectations Notemore

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

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

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

Utilize your Provident Fund to Finance a House.

April 25, 2019

By Abhay Harish Shah , Realty Quarter PF commonly known as Provident Fund is a part of your salary, which is deducted every month and is deposited on your behalf. If you work in a private firm then the company pays the same amount as it is deducted from your account and when you leave […]

Utilize your Provident Fund to Finance a House.more

Tag: #Government

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