A division bench of the Allahabad High Court, comprising chief justice DB Bhosle and justice Yashwant Verma, on April 20, 2017, ordered the sealing of more than 1,000 flats in the Supertech Czar residential … READ FULL STORY
Residents of Gulmohar Green Society on March 16, 2017, staged a protest against the demolition drive by the Ghaziabad Development Authority (GDA) and raised slogans against the colony’s builder for allegedly flouting norms. The … READ FULL STORY
As per the income tax laws, any profit on sale or transfer of your house or land becomes taxable, in the year in which you transfer the same. As per the Transfer of Property … READ FULL STORY
“We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits,” finance minister Arun Jaitley, announced in his … READ FULL STORY
Service tax and VAT are applicable, only on properties that are booked at under-construction stages. So, both these taxes cannot be levied on properties that are purchased, after the builder has obtained its completion … READ FULL STORY
Benefits to promoters/builders, for construction of affordable houses Under the newly-enacted Section 80IBA, 100% of the profits derived by the builder/promoter from a residential housing project, are allowed as deduction to every tax payer … READ FULL STORY
Sneha Sharma, a home buyer in a housing project in Greater Noida west, is now planning to shift in to her apartment. While a few of the towers in the project are fully built, … READ FULL STORY
The Yamuna Expressway Industrial Development Authority (YEIDA) has cancelled the building map of Supertech’s first phase of the 100-acre township project ‘Upcountry’, saying that it was submitted as per the building bye-laws of 2010, … READ FULL STORY
