Looking back, 2019 may not have been the best year for the real estate sector. However, with several changes introduced during the year, from reduction in taxes to the announcement of a Rs 25,000-crore … READ FULL STORY
Data from the Reserve Bank of India (RBI), released on November 8, 2019, showed that the currency with the public grew 15.2% to Rs 21.59 lakh crores, as of the fortnight to October 25, … READ FULL STORY
The Delhi High Court, on October 15, 2019, sought the response of the Unique Identification Authority of India (UIDAI), on a plea seeking linking of movable and immovable property documents of citizens with their … READ FULL STORY
The Supreme Court, on May 21, 2019, stayed the Delhi High Court order, which had held that the 2016 black money law cannot be allowed to operate with retrospective effect from July 2015, to … READ FULL STORY
The Adjudicating Authority (AA) has slammed the Income-Tax Department, for issuing an attachment order in February 2018, against actor Shah Rukh Khan and a company in which he, his wife Gauri Khan and in-laws … READ FULL STORY
Central probe agency, the Enforcement Directorate (ED), on December 15, 2018, in a statement, said that it has taken action against Shravan Gupta, the former MD of realty major Emaar MGF, under the Foreign … READ FULL STORY
A real estate firm, Ms Raghava Constructions, promoted by Telangana Rashtra Samithi (TRS) parliamentarian P Srinivasa Reddy, has admitted to having over Rs 60 crores as undisclosed income, after multiple raids were conducted against … READ FULL STORY
The Fugitive Economic Offenders Bill, 2018, was passed by a voice vote in the Rajya Sabha, on July 25, 2018. The Lok Sabha had cleared it on July 19, 2018. With the new law, … READ FULL STORY
Over 780 benami asset attachments worth crores of rupees, run the risk of being invalidated in the near future, as the government has failed to create a designated adjudicating authority for over a year-and-a-half … READ FULL STORY
The Income Tax (I-T) Department has unearthed black money of over Rs 215 crores, after it conducted multiple raids over the weekend against two real estate groups, who were selling land and farm houses … READ FULL STORY
With the government of India hinting at its intention to link Aadhaar numbers with property transactions, several analysts have hailed the proposed move as a game-changer, while others have questioned its intent, its chances … 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
It has now been a year, since the Indian government announced the demonetisation exercise on November 8, 2016. The debate now centres on whether demonetisation has helped or hurt the real estate sector. The … READ FULL STORY
