A Supreme Court bench, comprising justices Dipak Misra and AM Khanwilkar, on August 14, 2017, asked Supertech to deposit Rs 10 cores by September 22, 2017, in the apex court registry, while rejecting the … READ FULL STORY
Realty prices in the country, have been impacted by various factors over the past year, such as the GST, RERA, demonetisation and the support to affordable housing. Experts point out that property prices were … READ FULL STORY
The rental income from a real estate investment, is taxed under the head ‘Income from House property’ under the income tax laws, which is a direct tax law of the country. Properties that are … READ FULL STORY
For decades, independent India peacefully lived with the concept of perpetual leases, inherited from the colonial era. Today, India is a country under construction. However, the governments’ design for housing, has perhaps failed to … READ FULL STORY
The Bombay High Court, on August 11, 2017, directed the Mumbai Metro Rail Corporation Limited (MMRCL) not to carry out any construction or ancillary activity on the Metro-3 project at night, for a period … READ FULL STORY
The Telangana Builders Federation (TBF), on August 11, 2017, requested the state government to cut stamp duty and sought exemption from the mortgage clause, to boost the construction industry in the state. “Our state … READ FULL STORY
Maharashtra’s Minister of State for Home Ranjit Patil, on August 11, 2017, said that an inquiry would be conducted into alleged irregularity in the construction of residential buildings by Larsen & Toubro in suburban … READ FULL STORY
The Committee on Subordinate Legislation, headed by BJP MP Dilipkumar Mansukhlal Gandhi, has expressed its displeasure over the fact that the rules notified by some states under the Real Estate (Regulation and Development) Act … READ FULL STORY
Replying to a question in the West Bengal assembly, the state’s Sundarbans Affairs Minister, Manturam Pakhira, said that the government had undertaken a programme to construct bridges to the major islands in the Sundarbans, … READ FULL STORY
A Supreme Court bench of justices Dipak Misra, Ranjan Gogoi and AK Sikri, on August 10, 2017, dismissed Sahara chief Subrata Roy’s plea, to put on hold the auction process of the group’s Aamby … READ FULL STORY
The AAP government plans to carry out development works in around 1,700 unauthorised colonies, through the irrigation and flood control department, Delhi’s urban development minister Satyendar Jain said, on August 9, 2017. Replying to … READ FULL STORY
A Delhi High Court bench of acting chief justice Gita Mittal and justice C Hari Shankar, on August 9, 2017, stayed the construction of a community centre on a park and issued notices to … READ FULL STORY
Sahara chief Subrata Roy, on August 9, 2017, moved the Supreme Court, seeking to put a hold on the auction process to sell the group’s Rs 34,000-crore Aamby Valley property by the official liquidator … READ FULL STORY
