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.
Ready-possession flats in Pune offer advantages like immediate possession and rental income, but come with rigid payment schedules and fewer customization options. Popular locations include Kondhwa and Hinjewadi.
Noida Authority is set to launch a residential scheme featuring 122 plots across 18 sectors, capitalizing on positive market sentiment during the festive season.
Noida may see a rise in circle rates for the first time since 2017. Noida, Greater Noida and Yamuna Expressway authorities have increased property rates.
BRERA urges government to form a team to help homebuyers recover dues or get possession from defaulting real estate companies.
Chandigarh Housing Board assists bidders for 79 property auction via help desks and e-tender process for enhanced privacy and participation.
Ghaziabad Development Authority (GDA) has asked residents of Alaknanda Towers to vacate due to needed renovations, sparking disputes over responsibility and costs.
Noida Authority cracks down on developers for delayed flat registries, impacting 18 societies and prompting a 3-month deadline for compliance.
Gurugram authorities issued show cause notices to over 20 residential property owners in Uppal Southend and Palam Vihar for conducting unauthorized commercial activities.
Housing Ministry hands over conveyance deeds to 20 Delhi residents in Raja Vihar & Suraj Park, under PM-UDAY scheme, benefiting 40 lakh residents by regularizing illicit settlements.
Bangalore's lakeside property construction gets green light for pre-2016 approved projects, boosting real estate market and sparking new development plans.
Noida's real estate market is booming due to affordability, infrastructure, reputable developers, anti-forgery rules, and connectivity.
Ghaziabad's real estate is booming, with affordable housing in Raj Nagar Extension and NH-24, while established areas like Kaushambi and Vaishali face space constraints.
The Karnataka High Court addressed a PIL regarding Bruhat Bengaluru Mahanagar Palike's property tax collection. The court instructed the commissioner to acknowledge a representation by Bharatha Surachana Mandala within three months.
Indian Bank auctions Mumbai flats seized from Varun Industries directors, accused of defrauding 10 banks of ₹2,555 crore. E-auction set for July 21st, with properties open for inspection on July 13th.
Godrej Properties Ltd. (GPL) is developing a 100-acre golf-centric township in Greater Noida Sector 27, marking its entry into the Noida real estate market.
Real estate prices in Gurgaon are set to decrease as the administration considers reducing circle rates. The Deputy Commissioner has proposed a cut of up to 15% to the Haryana government.
Gurgaon residents refuse to pay property tax until MCG takes over services from private builders. Court hearing scheduled for December 2nd.
Housing prices rose up to 6% in 12 Indian cities, while 10 cities saw a decline of up to 9% in Q2 FY24. Delhi-NCR experienced a 5% dip QoQ but a 7% YoY surge.
BMC to demolish illegal Campa Cola flats after May 31, 2015, despite monsoon season. Residents seek legal options as state government rejects ordinance, leaving them with an uncertain future.
BMC explores reclaiming part of Campa Cola premises due to illegal construction by the developer without proper approval. The land's use change and costs pose challenges.
Campa Cola residents refuse to vacate illegal flats, defying Supreme Court's deadline. Civic officials prepare for demolition amidst resident resistance.
Pune real estate has seen significant price growth since 2011, but sales have recently slowed. It remains more affordable than Mumbai and NCR, supporting its market.
Bhiwandi, Rajasthan, is emerging as a promising affordable housing hub due to its strategic location, industrial growth, and infrastructure development. It's becoming a sought-after area.