While there is a lot of buzz over the Goods and Services Tax (GST) in the market, most people remain unsure about how it will impact various businesses. In the real estate sector, people … READ FULL STORY
The use of eco-friendly products, is an important step towards protecting our environment. “Creating an environmentally-friendly living space, is all about recognising and minimising the harmful effects of our choices on the ecosystem. There … READ FULL STORY
Status of joint owner for tax purposes The Income Tax Act has divided the tax entities into various categories. All individuals are taxed under the category of an ‘Individual’. However, if more than one … READ FULL STORY
The GST Bill was approved in the Lok Sabha on March 29, 2017 with four supplementary legislations- The Central GST Bill, 2017; The Integrated GST Bill, 2017; The GST (Compensation to States) Bill, 2017; … READ FULL STORY
A perception has gained ground in the Indian housing market that the Goods and Services Tax (GST), is only applicable to under-construction projects and hence, ready-to-move-in apartments are exempt from the GST. However, the … READ FULL STORY
Many of the larger developers in India’s property market are today reeling under heavy debt burdens, over-leveraged balance-sheets and challenged execution capabilities. In an exclusive interview with Housing News, Nikhil Hawelia, managing director of … READ FULL STORY
The central government, on June 22, 2017, approved the construction of 1.27 lakh more houses under the Pradhan Mantri Awas Yojana (Urban), taking the total number of houses sanctioned under the scheme to 20.95 … READ FULL STORY
A memorandum of understanding (MoU) signed between the Employees’ Provident Fund Organisation (EPFO) and the Housing and Urban Development Corporation (HUDCO), will club the benefits of the housing scheme introduced by the EPFO for … READ FULL STORY
The Delhi Metro, on June 22, 2017, held trial runs on the 6.5-km-long elevated segment between Shakurpur and Mayapuri, on the Majlis Park-Shiv Vihar corridor that has been dubbed the ‘Pink Line’ and is … READ FULL STORY
Delhi Lt Governor Anil Baijal, on June 22, 2017, approved several key infrastructure projects, including an underground tunnel through ITPO’s Pragati Maidan that will connect Mathura Road to Ring Road. The decisions were taken … 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
We often hear people say that ‘There was a time, when our city was full of greenery, the climate was cool and there was no water scarcity or flooding problem. Now, things have completely … READ FULL STORY
Union Urban Development Minister Venkaiah Naidu, on June 22, 2017, exhorted municipal bodies to ‘start looking inward and raise money.’ There is enough money in the system but the local bodies need to tap … READ FULL STORY
