SEBI amends REIT regulations to allow Small and Medium REITs (SM REITs) with a minimum asset value of Rs 50 crore, expanding market access for retail investors.
Tenants of commercial spaces will pay 18% GST on electricity charges bundled with rent. However, actual cost recovery by real estate owners acting as agents is exempt. Experts debate the implications.
Karnataka to permit conversion of agricultural land for non-agricultural use within a week, aiming to curb corruption and expedite the process for landowners.
The 47th GST Council meeting introduced GST on renting residential properties to registered individuals, clarifying tax liability scenarios effective July 18, 2022.
The Jammu and Kashmir government has launched an online portal for land records. Residents can now access land information, search records, and register on the portal.
Kerala simplifies land tax payments via the Sanchaya portal. Property owners can now conveniently calculate and pay taxes online through the Revenue Department's website.
The Telangana government provides online land records through the Dharani portal; however, a surge in data correction requests is raising concerns, prompting calls for updates.
West Bengal's Banglarbhumi portal digitizes land records, boosts transparency and aids in fraud prevention. It offers easy access to property details and online services.
India's 2013 Land Acquisition Act aimed to ensure fair compensation and transparency but faces challenges like high costs and complexity.
West Bengal's Land Reforms Act of 1955 aimed to redistribute land, secure tenant rights, and regulate rents, improving peasant lives. However, implementation challenges and criticisms persist.
The High Court reviewed a rejected petition regarding land acquisition for National Highway No. 29, determining compensation amounts and land ownership structures.
West Bengal's Directorate of Land Records maintains Mauza maps. Certified copies are available at BL&LRO offices. The Banglarbhumi app offers easy access to land records and plot details.
GST applicability on renting residential properties in India changed on July 18, 2022, with 18% GST now applicable on rentals to registered persons, paid under Reverse Charge Mechanism (RCM).
The article elucidates the applicability, benefits, required documents, registration process, and potential penalties associated with the BOCW Act in Punjab.
Telangana's property registration process involves online document submission, e-KYC, and Aadhaar verification. Buyers must pay stamp duty and registration fees, ranging from 0.5% to 5% of the property value.
This article explores capital gains tax on land sales, calculations, and exemptions under Section 54F, Capital Gains Account Scheme, and tax-saving bonds like REC.
The Kerala Shop and Establishment Act, 1960, ensures businesses are legal and employee rights are protected. It covers registration eligibility, process, and key regulations.
Converting agricultural land to residential or commercial in India requires navigating state-specific laws and obtaining approvals from revenue or planning authorities. The process involves fees and extensive documentation, with timelines varying by state.
Amendments to GST regulations now make renting residential properties to GST-registered individuals taxable, effective July 18, 2022, impacting reverse charge mechanisms.
India's real estate market is booming. TDS applies to property transactions exceeding ₹50L. Buyers must deduct 1% TDS, deposit it with the Income Tax Dept.
The Maharashtra Apartment Ownership Act of 1970 establishes legal rights for apartment owners, including transferable and heritable ownership. It also facilitates the formation of associations to oversee residential welfare and rights.
Gurugram's DTCP warns architects & engineers of tough measures, including FIRs & license revocation, for building flaws after final inspection.
Maharashtra plans to issue property cards to apartment owners in MahaRERA-registered projects. These cards will detail carpet area, utilities, loan info, and land extract.
The Maha Vikas Aghadi government extends the stamp duty exemption period for investors reselling property, aiming to boost real estate and construction sectors.
UP-RERA to launch microsite for developers to report procedural delays with authorities, aiming to reduce project completion times and homebuyer suffering.