The Supreme Court on Friday directed real estate firm Supertech to clear all outstanding bank loans of homebuyers who had invested in the “illegal” twin towers of its Noida project Emerald Court by March 31. The court had ordered the project to be demolished in August last year. Nearly 252 homebuyers were to be refunded […]
Prime Minister Narendra Modi lauded the efforts of the “double-engine sarkar” (the BJP government at the Centre and state) for taking up infrastructure projects in Ghaziabad and other parts of western Uttar Pradesh during a virtual meeting on Friday. “People should recall how they used to sweat if they had to journey from Delhi to […]
NEW DELHI: One per cent TDS will apply on a non-agriculture immovable property of over Rs 50 lakh on the basis of sale price or the stamp duty value, which ever is higher, after an amendment in the Income Tax Act. Currently, the TDS isdeducted basis only the consideration value of the immobile properties. There […]
The department of town and country planning on Wednesday recommended that FIRs be registered against owners of 50 economically weaker section (EWS) plots in DLF Phase 3 for violating building plan norms and not taking corrective action despite repeated notices. DTCP officials said the violations include construction of additional floors without permission, 100% ground coverage […]
With a view to provide relief to 130-odd traders of Meharchand Market, a commercial hub near Lodhi Colony in south Delhi, where shops have been lying sealed since 2018 over building code violations, the South Delhi Municipal Corporation (SDMC) has outlined a new redevelopment plan with a revised standard facade regulation, and a 2.4 metre […]
The real estate industry in Gurugram on Tuesday described the Union Budget as a “mixed bag”, with some commending its push for low-cost housing, while others said the sector’s long-standing demands (such as a single-window for clearances) were left unmet. During her Budget speech on Tuesday, Union finance minister Nirmala Sitharaman announced that eight million […]
