New Delhi: In a big tax relief for Delhi’s unauthorised colonies that were regularised last year, the government has exempted owners from income tax even if they had purchased land or house at rates below the prevailing market price. The government had last year legalised unauthorised colonies in the national capital, giving house owners legal […]
NEW DELHI: Seeking to ensure seismic stability of high-rise buildings, the SDMC has started identifying such structures and issuing notices to groups and institutions to submit structural audit reports, it said on Sunday. In a statement, the South Delhi Municipal Corporation (SDMC) said it has already started taking action in accordance with the instructions given […]
Property consultant JLL India on Monday said it has tied up with online marketplace RoofandFloor to facilitate prospective homebuyers in purchasing their properties. The platform showcases properties across 24 cities and supports buying, selling and resale, JLL India in a statement. RoofandFloor is a technology-driven online marketplace for homebuyers in India. “Through this association both […]
NEW DELHI: Real estate companies that opted for lower GST rates of 1 per cent and 5 per cent from April 1, 2019, but could not procure 80 per cent of the total supplies from registered dealers, will have to pay tax on the shortfall in such procurement by June 30. The GST Council had […]
NEW DELHI: From Monday, Delhiites will be able to receive conveyance deeds of their properties with the Delhi Development Authority (DDA) reopening its Nagrik Suvidha Kendra (NSK) at its headquarters Vikas Sadan in INA. Though there are three other NSKs — at Dwarka, Rohini and Laxmi Nagar — at the moment only the one at […]
The demand for office space across seven major cities is likely to drop around 30 per cent this year from record leasing in 2019 as corporates have deferred expansion plans due to the Covid-19 pandemic, JLL India CEO and Country Head Ramesh Nair said. JLL India, part of US-based JLL, is a leading property consultant […]
Hit by the coronavirus pandemic, real estate developers have resorted to layoffs and pay cuts and are focusing on cost control measures as sales are likely to remain muted in the coming months, according to industry experts. The real estate sector has been facing headwinds since the past three-four years following demonetisation, RERA and GST […]
New Delhi: Migsun, the NCR based real estate player has announced awhopping sale of over 500 units valued over Rs 252 Crores, during thelockdown period between March 25th and 3rd June. The units accounted for a total saleable area of 7 Lakh sq. ft., which the Company has booked at an average price of Rs […]
NEW DELHI: The average housing prices quoted by developers across majorcities are higher by 6-75 per cent than the government’s circle rates, the value at which stamp duties are paid and properties registered, according to real estate consultant Anarock. The research data comes at a time when ministers and some corporates have suggested developers, especially […]
NEW DELHI: The deadline for submitting property tax with a rebate of 15% is fast approaching, but because of changes in the website of the corporations several taxpayers have been unable to file it. South Delhi Municipal Corporation (SDMC) plans to hold camps to encourage property owners to file their taxes. Data from the civic […]
MUMBAI: Property developers were already battling a pronounced demand slump for rented space, resulting in either surrendered tenancy or abysmally low rents. And they now have another problem to tackle – paying goods and services taxes (GST) at 18% GST on rents either not received or paid only partially. As per the GST framework, tax […]
NEW DELHI: Marquee retail names in two of New Delhi’s and India’s most storied shopping destinations, Khan Market and Connaught Place, may soon disappear thanks to landlord-tenant rent disputes. More than 20 retailers in the country’s two most expensive retail locations are in discussions with landlords and may down shutters if the talks fail. Restaurants […]
