A Mumbai bench of the Income Tax Appellate Tribunal (ITAT), has recently held that property illegally encroached by an assessee, cannot be considered as a ‘capital asset’ under section 2 (14) of Income Tax … READ FULL STORY
Movement in real estate prices in seven key cities across India, have remained largely lacklustre, despite a fall in the interest rates and important announcements like the Real Estate Regulation Act. Ashutosh Limaye, national … READ FULL STORY
An alarming 82% of structures in Thane city are unauthorised, an RTI query has revealed. As per the reply furnished by the information officer of the Thane Municipal Corporation (TMC) on June 13, 2016, … READ FULL STORY
According to a report by Liases Foras, the number of unsold apartments in Mumbai has reached a record of 84,915 units, up from 80,426 unsold units only three months back. In the Mumbai Metropolitan … READ FULL STORY
Some key findings that indicate the correlation between the aspiration quotient and the current status of the Indian real estate sector: 88% Indians find real estate to be the best asset class to invest … READ FULL STORY
As many as 19,000 residential units were launched in top six cities during January-March period, with the megapolis Mumbai witnessing the highest number of launches, a study said. According to a Colliers International study, … READ FULL STORY
In a move that could boost connectivity for residents of Mumbai and reduce traffic congestion, work on the first phase of the much-delayed Rs 14,000-crore coastal road project in Mumbai, is expected to start … READ FULL STORY
Union minister Venkaiah Naidu, on May 6, 2016, revealed that 12 major cities across the country, will switch over to a single-window online system, to issue building permissions from October 2, this year. “12 … READ FULL STORY
Last year, Pankaj Mathur refrained from booking his dream home on the auspicious day of Akshaya Tritiya, in anticipation of a correction in Mumbai’s property prices. To his dismay, this bank employee found that … READ FULL STORY
With a view to increasing transparency and ease of doing business, the authorities in the National Capital Region (NCR), on April 28, 2016, announced key online initiatives for the real estate sector. In Gurgaon, … READ FULL STORY
The Bombay High Court, on April 27, 2016, rejected a Maharashtra Government plea, seeking to implement a policy to regularise illegal structures across the state, which have come up prior to December 31, 2015. … READ FULL STORY
Long queues, insufficient parking space and traffic jams in its vicinity, have become synonymous with Mumbai’s airport, which has reached a saturation point. Consequently, the proposed airport in Navi Mumbai, is no longer a luxury … READ FULL STORY
Neral is located central to Mumbai and Pune. Neral has trains reaching it from Mumbai and Pune and is thus rightfully known as the railroad junction. The Matheran hill station is an important tourist attraction … READ FULL STORY
