The government may increase the exemption limit on income tax from existing Rs 2.5 lakh to Rs 5 lakh in the upcoming Budget, news agency IANS reported. If it fructifies, the move will leave … READ FULL STORY
Ahmedabad was the most affordable housing market in India in 2022 with an affordability ratio of 22%, shows a new report by property brokerage company Knight Frank. With 25% affordability, Kolkata (25%) as well … READ FULL STORY
Godrej Properties has bought nearly 9 acres of land in Gurgaon’s Golf Course Road Extension to develop a premium housing project, the developer said on December 29, 2022. Pegged to have revenue potential of … READ FULL STORY
The Goa government has increased the mutation charges on large tracts of land through a notification issued on December 2, 2022, The Goan reported. The move by the government comes amid a substantial increase … READ FULL STORY
Housing Minister Hardeep Singh Puri on December 28, 2022, released draft guidelines for ranking cities based on their financial performance and beautification. The City Finance Rankings 2022 aim to evaluate, recognise and reward urban-local … READ FULL STORY
Prime Minister Narendra Modi will inaugurate the Joka-Taratala Metro section in Kolkata on December 30, 2022, virtually from the Howrah station. Modi will inaguarte West Bengal’s first Vande Bharat Express service from Howrah to … READ FULL STORY
Haryana government has extended the last date for depositing property tax from December 31, 2022 to January 31, 2023. The entire interest will be waived if property tax is paid by the end of … READ FULL STORY
LIC Housing Finance has increased its prime lending rate by 35 basis points with effect from December 26, 2022. With the latest hike, the housing finance company’s home loan interest rate will be available … READ FULL STORY
To provide convenience for property owners in Delhi, the Municipal Corporation of Delhi (MCD) has completely digitised the mutation of a property owner’s name in property tax records. MCD has introduced a simple, unified … READ FULL STORY
ASK Property Fund, the real estate private equity arm of the ASK Group, on December 26, 2022, said it had exited Eldeco group’s South Delhi-located project, Eldeco Centre. The fund that had invested Rs … READ FULL STORY
Leading real estate developer Godrej Properties on December 26, 2022, said it acquired approximately 62-acre land in Haryana’s Kurukshetra to develop a plot-based housing project. This project will offer approximately 1.4 million square foot … READ FULL STORY
The National Company Law Appellate Tribunal (NCLAT) has set aside a 4-year-old order by the Competition Commission of India (CCI) in which the latter had provided relief to real estate developer DLF and its … READ FULL STORY
Property gifted to mother for a negligible amount of Rs 5 lakh would not amount to as gifting, the Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) has ruled. In its order dated … READ FULL STORY
