#Current #real #estate #news
Current real estate news
Current real estate news
The Mumbai Income Tax Tribunal delivered a very important decision on the claim for tax exemption on HRA (House Rent Allowance). Let us analyse the decision in details, with its ramification and relevance for … READ FULL STORY
Mumbai bridge collapse: BMC union condemns arrest of engineers
In a letter addressed to civic chief Ajoy Mehta, the Brihanmumbai Municipal Engineers’ Union (BMEU) said that the engineers working in the bridge department could not be held solely responsible for the collapse of … READ FULL STORY
National Herald case: SC stays Delhi HC decision asking AJL to vacate premises
The Supreme Court, on April 5, 2019, stayed the Delhi High Court order asking Associated Journals Ltd (AJL) to vacate the National Herald House building in New Delhi. A bench headed by chief justice … READ FULL STORY
Self-completion of stalled projects: Are home buyers up to it?
Self-redevelopment of old, dilapidated housing projects in cities like Mumbai is a much-talked-about phenomenon and is rapidly catching on, because it is in many cases a practically possible proposition. Self-completion of stalled projects is, … READ FULL STORY
CSR in Indian realty: Serious brand-building or marketing gimmick?
The reality of corporate social responsibility (CSR) in Indian real estate, is that companies get into it, merely to fulfill mandatory provisions and/or tax adjustments, rather than out of any real concern for the … READ FULL STORY
RBI cuts key interest rate by 0.25% to 6%
The Reserve Bank of India (RBI), on April 4, 2019, cut the benchmark interest rate by 0.25% for the second time in a row, to bring the interest rate to the lowest level in … READ FULL STORY
RBI to issue fresh circular on resolution of bad loans
In the light of the Supreme Court order, the Reserve Bank of India (RBI) will take necessary steps, including issuance of a revised circular as may be necessary, for the expeditious and effective resolution … READ FULL STORY
Pay rent to people evicted from homes near Tansa pipeline: Bombay HC
The Bombay High Court, on April 3, 2019, directed the Maharashtra government to pay Rs 15,000 per month as rent to people who were rendered homeless after their dwellings, located near a key water … READ FULL STORY
Delhi builder arrested for duping people of Rs 1.2 crores, by selling them sold flats
A 37-year-old builder, identified as Yogesh Kumar Bhati, a resident of Sultanpur village in the national capital, was arrested on April 2, 2019, for selling the same property through sale deeds to different persons … READ FULL STORY
Completion of construction and its importance under income tax laws
There are a number of income tax provisions, which link the benefits with the time taken to complete the construction of one’s property. Deductions pertaining to repayment of the principal component of a housing … READ FULL STORY
Owning a home versus living on rent: Which is a better long-term option?
When it comes to living on rent versus living in one’s own home, people who advocate the former often argue that a rental home costs less, as compared to owning a home. Those who … READ FULL STORY
Input tax credit or no input tax credit: What will the real estate sector choose?
As announced during the interim budget 2019, the GST Council has reviewed the Goods and Services Tax (GST) rates on the real estate sector. Accordingly, the developers of residential projects which are incomplete as … READ FULL STORY
Delhi Metro Phase IV: AAP government says centre made ‘unilateral changes’
The AAP government in Delhi, on April 2, 2019, alleged that the centre had made ‘unilateral changes’ to the Delhi Metro Phase IV project, without taking the Delhi government into confidence or even communicating … READ FULL STORY
SOURCE: SOURCE: REMMOMT.COM