The rent that the owner generates is considered as income under the existing laws in India. Consequently, one earning such income, the landlord is liable to pay tax on rental income in India. All … READ FULL STORY
When it comes to managing rental income, property owners in India must navigate the complexities of tax regulations, particularly the Tax Deducted at Source (TDS) under Section 194I of the Income Tax Act. This … READ FULL STORY
May 3, 2024: The Maharashtra Real Estate Regulatory Authority (MahaRERA) on April 29 has issued a circular that stresses on all housing projects in the state to only deal with trained and MahaRERA certified … READ FULL STORY
May 2, 2024: The Bombay High Court on April 30, 2024, held that the Competent Authority is bound to grant Deemed Conveyance if the flat purchase agreement includes an obligation on the part of … READ FULL STORY
May 2, 2024: Real estate developer Embassy Group recorded sales transaction value of Rs 2,250 crore in FY2023–24 for its Bangalore residential business, witnessing an 85.5% increase from the previous year. The company sold … READ FULL STORY
Mumbai, April 30, 2024: Mumbai is expected to record property registration of 11,504 units in April 2024, adding over Rs 1,043 crore (cr) to the state exchequer, according to a Knight Frank India report. … READ FULL STORY
April 27, 2024: According to the latest report by real estate consultant Vestian, office absorption increased to 13.40 million square foot (msf) in Q1 2024 from 11.85 msf in Q1 2023, witnessing a 13% … READ FULL STORY
April 25, 2024: Embassy Office Parks REIT recorded its highest-ever leasing of 8.1 million square foot (msf) across 99 deals in the financial year 2024 (FY2024), including pre-leasing of 2.4 msf across four large … READ FULL STORY
April 17, 2024: According to a report by Knight Frank, Asia Pacific Horizon: Harnessing the Potential of Offshoring[1], India has been named among the leading offshoring locations in the world. The Indian offshoring market … READ FULL STORY
In the constantly changing landscape of the real estate sector, a multitude of factors are involved in shaping potential buyers’ home purchasing choices. Although financial incentives unquestionably influence the decision-making process, the type of … READ FULL STORY
April 12, 2024: The Noida Authority has asked 42 of 57 real estate developers to pay their dues and obtain permission to execute registry of stalled housing projects, according to a Hindustan Times report. … READ FULL STORY
Purchasing a property involves a large sum of money. The property buying process also involves various legal procedures, as transactions are governed by state and local regulations. It includes important documentation work, which may … READ FULL STORY
April 9, 2024: Continuing its upward trajectory, India’s top eight primary residential markets witnessed a strong demand during January-March (Q1 2024) this year with sales rising by 68 per cent in value terms to … READ FULL STORY
