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GST jolt for real estate developers: Paying tax on rent they never got
Publish on : 2020-06-27 11:29:49
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 parti...
Around 63% MMR property deals in FY20 at 20% premium to reckoner rates: Report
Publish on : 2020-06-27 11:24:51
MUMBAI: Around 63% of sale transactions concluded in Mumbai Metropolitan Region during financial year 2019-20 were recorded at a 20% premium to ready reckoner rates, showed a study by data analytics firm Propstack. While ready reckoner premiums vary across the Mumbai region, the percentage of tra...
SC asks banks to disburse stalled loans to Amrapali Group homebuyers, restructure amounts
Publish on : 2020-06-11 13:31:08
Earlier, RBI had informed the court that its instructions do not come in the way of releasing home buyers' loans whose accounts are Non-Performing Assets (NPA) and it was for the banks and other financial institutions to release the loan. NEW DELHI: Coming to the rescue of thousands of hassled...
Realty hot spot series: Good infrastructure is the main draw of this Kolkata locality
Publish on : 2020-06-09 12:44:58
There are 1,2,3 and 4 BHK properties in the locality. The houses are priced between Rs 2,700 per sq foot (sq ft) and Rs 5, 900 per sq ft. A 1-BHK (480 sq ft) costs an average of Rs 17 lakh and a 4-BHK (1,900 sq ft) costs about Rs 80 lakh. This week's realty hot spot series features Garia-Patuli,...
Jaypee home buyers want to be in monitoring committee
Publish on : 2020-06-09 12:38:40
Meanwhile, a homebuyers’ association has appealed to the NCLAT to be made a party in the interim monitoring committee that will look into the day-to-day affairs of the builder company. NOIDA: Despite a growing clamour for fast takeover the of debt-ridden Jaypee Infratech, state-run NBCC has said...
Realtors’ body asks PM for urgent relief
Publish on : 2020-06-02 14:22:46
The association, which has some 15,000 developer members, has sought one-time debt restructuring, lower interest rate on home loans and tax sops to boost liquidity and demand. NEW DELHI: Realtors’ apex body Credai has written to Prime Minister Narendra Modi, seeking immediate relief measures to t...
Covid-19 no bar for govt realty stress fund
Publish on : 2020-06-02 14:17:40
The new set of stuck projects that have been finalised for investment are located in cities and towns such as Bengaluru, Chennai, National Capital Region, Bahadurgarh, Sonipat and Rewari. The SBICAP Ventures managed last-mile fund for stressed real estate projects has cleared investments of over...
Realty hotspot series: Average price of 3-BHK in this Mumbai suburb is Rs 62 lakh
Publish on : 2020-06-02 14:13:10
ET Wealth takes a look at localities that lie beyond Mira Road in Mumbai. These include areas such as Naigaon, Nalasopara, Vasai, and Virar. This week's Realty Hot Spot series takes a look at localities that lie beyond Mira Road in Mumbai. These include areas such as Naigaon, Nalasopara, Vasai, a...
Sell unsold units at 'no-profit-no-loss' to save interest, boost liquidity: Gadkari to realty cos
Publish on : 2020-05-09 16:57:06
Promising his full support, Gadkari also advised builders to send their representatives to ministries of housing and finance as well as the Prime Minister's Office (PMO) to suggest ways to deal with the present crisis. New Delhi: Union Minister Nitin Gadkari on Wednesday exhorted real estate play...
Housing rent up 1-4% in last one year: Report
Publish on : 2020-05-07 13:29:44
The rental value of residential apartments in Chennai, Kolkata and Ahmedabad grew by 2 per cent. NEW DELHI: Housing rent has increased by 1-4 per cent in the last one year across eight major cities, according to a report by property portal 99acres.com. According to the report, the rental value of...

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