The Supreme Court on August 23, 2022, said the new benami property law is prospective in nature, and the 2016 amendment to the 1988 act cannot retroactively apply to the transactions between September 5, … READ FULL STORY
The issue of transparency in secondary or resale real estate transactions, has indeed been on everyone’s minds, ever since the Real Estate (Regulation and Development) Act (RERA) stepped in, to rescue the primary or … READ FULL STORY
Cash deposits of Rs 15.93 crores, made in a Delhi bank post demonetisation, have been held as ‘benami’ property by a special court, even as the depositor and the beneficial owner of the stash … READ FULL STORY
The Income Tax (I-T) Department is matching the tax profiles of all property registrations of above Rs 30 lakhs, under the provisions of the anti-Benami Act, as action against illicit asset holders is set … READ FULL STORY
Official data, updated till October 2017, shows that assets worth Rs 1,833 crores have been attached by the Income Tax (I-T) Department, for which it issued over 517 notices and made 541 attachments. The … READ FULL STORY
Often, more laws lead to greater red tape and their improper implementation defeats their very purpose. In the recent past, the government has unveiled several new regulations that affect the real estate market. For … READ FULL STORY
The residential real estate market has witnessed its lowest first-half sales and launches in the last five years, along with a resurgence of the affordable housing sector in H1 2017, says a report titled … READ FULL STORY
The first quarter of 2017, witnessed residential launches of approximately 25,800 units in the top 8 cities, registering a 16 per cent decline from the corresponding period last year. A closer look at the … READ FULL STORY
After a drastic dip in sentiments, from October to December 2016, the first quarter of 2017 has begun on a positive note, signifying the transient impact of demonetisation. Nevertheless, the stakeholders in Indian real … READ FULL STORY
Although the implementation of various regulatory reforms, such as the Real Estate (Regulation & Development) Act (RERA), Goods and Services Tax (GST) and the Benami Transactions (Prohibition) Amendment Act, 2016, are likely to bring … READ FULL STORY
For the real estate sector, 2016 will be remembered as the year of dramatic policy changes. These changes have the potential to usher in a more organised, cleaner and more transparent real estate market … READ FULL STORY
When it comes to tackling black money, three measures introduced by the government, are expected to make the real estate sector more transparent and bring in long term confidence in the market. These measures … READ FULL STORY
