By Abhay Shah, Realty Quarter Profits derived from the sale of a house with a holding period over 24 months are referred to as long-term capital gains and are taxed at the rate of 20.80%. In various ways, you can save long-term capital gains. Profits derived from the sale of a house with a holding […]
How to save on long-term capital gains tax from a residential property sale.more
By Abhay Shah, Realty Quarter On 18 July, the Supreme Court demanded the Government to provide a list of states where there is no RERA Authority and the appellate tribunal been formed. The Apex court heard a case concerning the constitutional challenge brought against the right of the financial creditors to home buyers by a […]
Supreme Court demands the government to submit a list of states where the RERA act is not been enacted completely.more
By Abhay Shah, Realty Quarter It is unlikely that the state government will give demands to the real estate industry to drastically reduce development charges and premiums for various concessions. The BMC has highly rejected any significant decrease, quoting several factors, including losing its main source of revenue, the octroi and not being obliged to pay […]
Maharashtra developers may not seek any relief in development charges.more
By Abhay Shah, Realty Quarter A draft of ‘Model Tenancy Act, 2019’ has been published for consultation by the Union Housing and Urban Affairs Ministry. Swapan Dutta, director (east) of property consultant Knight Frank said in response to the development, “It’s a move in the correct direction as rents or residential lease should turn into an important […]
The launch of Model Tenancy Act can uplift the rental housing.more
By Abhay Shah, Realty Quarter New mall space is expected to be built in the Mumbai Metropolitan Region (MMR) of about 13.6 million square feet by 2022. Mumbai is predicted to account for a massive 82% stake, followed by 17% in Navi Mumbai, according to the Anarock Retail report. Andheri, Bandra, Worli and Borivali in Mumbai are among the best organized retail locations. Mall sizes of 1 lakh sq ft to 6 lakh sq ft are considered to be small in major micro markets. Ghansoli and […]
Mumbai Metroploitan Region will get new mall space of around 13.6 million sq ft by 2022.more
By Abhay Shah, Realty Quarter Owners of the land transferring their property to development agencies, including the MMRDA for ‘public good’ will no longer have to pay stamp duty on transfer. The policy shall be applied in the future. On Tuesday the state cabinet adopted the resolution to waive off the stamp duty on these transfers. […]
A waiver on stamp duty will be given while transferring land to development agencies – Maharashtra.more
By Abhay Shah, Realty Quarter There has been massive consolidation of developers in the top 9 cities in India, with over 50% of the total developers that existed in 2011-2012 leaving the market by 2017-18, the report says. Developers consolidated in Gurugram, Noida and Chennai has been to the amount of 70% since 2011 to date […]
Over 50% of developers exit the real estate market in top 9 cities.more
By Abhay Shah, Realty Quarter Besides problems for the developer of Palais Royale, the 56-floor under-construction tower at Worli Naka in Mumbai, the town collector will auction out a portion of the land he stands to recover dues for a flat purchaser. The forthcoming sale was made on the order of the government housing regulator MahaRera last […]
Part of Palais Royale to be auction by the collector – Mumbaimore
By Abhay Shah, Realty Quarter The High Court of Bombay ordered developers, Fatesh Mirchandani and Shrenik Siroya, director of Siroya FM Constructions based in Goregaon, to deposit Rs 4.25 crore in 4 weeks and to divulge the assets of the company within 3 weeks. In association with the reinstatement of his investment of Rs 4.25 crore […]
Siroya FM Constructions are ordered to deposit Rs 4.25 crore within 4 weeks – Bombay High Court.more
DHFL is probably to complete a stake sale within two weeks as they clean up the asset-liability discrepancies with credit restructuring. The business that recorded a large drop in the fourth quarter would research proposals that could breathe new life after almost nine months of investor stress. In the next two weeks, the Board will meet to […]
DHFL is going to sell its stake in the next 2 weeks.more