New house need not be in the tax payer's name only.
In February, the directorate attached properties of the group worth Rs 35 crore (Rs 350 million) in West Bengal and Odisha under the provisions of Prevention of Money Laundering Act.
Private insurers are planning to launch property title insurance covers in India soon. Foreign investment is therefore likely to enter the Indian real estate market.
The Central government on Wednesday approved amendments to the Enemy Property Act to ensure, among other issues, that such property is divested only to the owner or his lawful heir and continue to vest in the custodian till it is divested by the Centre.
According to experts tracking the realty sector, sites such as Magicbricks.com, 99acres.com and makaan.com are fast-becoming the choice of consumers looking for renting a property, as such sites let them directly connect with the owner and save time and money.
Mauritius-based IndusInd International Holdings and other Hinduja group entities are expected to make payments worth Rs 9,661 crore for the acquisition of bankrupt Reliance Capital (RCap) only after getting all the legal and regulatory clearances, including from the Supreme Court, thus delaying the closure of the transaction. A source close to the development said that according to the National Company Law Tribunal (NCLT) order dated February 27, the payment for the acquisition was to be made within 90 days from the NCLT's approval of the resolution plan and after receiving all legal and regulatory clearances.
If we as citizens, do not take ownership of public places, public facilities and public conveniences, Swachh Bharat will remain just a hollow slogan, notes Biswajit Dasgupta.
The Brihanmumbai Municipal Corporation initiated an inspection drive of 624 restaurants, eateries and malls across the city and its suburbs and razed illegal, unauthorised structures at 314 sites.
Questions that the state had come to recognise over time but consistently delayed treating seriously because doing so requires an overhaul of perspective and lifestyle, notes Shyam G Menon.
In Delhi, Union Home Minister Amit Shah assessed the situation in Joshimath and steps taken to ameliorate people's hardship at a meeting attended by Union ministers Nitin Gadkari, R K Singh, Bhupendra Yadav and Gajendra Singh Shekhawat and top officials.
Gaurav Mohta, chief marketing officer, Home First Finance Company, answers your home loan queries.
The government is auctioning 42 coal mines among 204 coal blocks.
During the trip, check your bank account and credit card statements regularly for unauthorised transactions.
Kuwaiti authorities have identified the bodies of 45 Indians and three Filipino nationals killed in the tragic fire incident in a building housing foreign workers in the Gulf Kingdom, a top official said on Thursday.
The company secured independent valuation for these properties and had shared the same with Mallya
In the event of the BJP's poor performance in the assembly polls this year and in early 2025, Modi's hold will get further weakened because he will no longer remain the invincible electoral persona tightly controlling the machine at his disposal, asserts Nilanjan Mukhopadhyay.
Mannapuram Finance, Mahindra and Bharti Axa are some of the firms known to have bought office spaces worth more than Rs 100 crore
Serum Institute of India chief Adar Poonawalla will pay 138 million (about Rs 1,444 crore) for a Mayfair mansion in London in one of the city's most expensive home sales of the year
If property is purchased by one person, he/she will get the full tax exemption. If bought together, proportionate exemption is allowed
More trouble is brewing for Maytas Properties Ltd, the unlisted company promoted by the family of Satyam Computer Services Ltd founder B Ramalinga Raju.
Frequent balance transfer in search of a lower rate can be tricky for borrowers, if property prices fall
The Income Tax department has begun sealing properties and issued prohibitory orders around the premises of former Jharkhand chief minister Madhu Koda and his associates in the alleged hawala transactions and illegal investments case.
The genesis of India's most-loved dish may go to canny cooks in the Mughal era, notes Sandeep Goyal.
The Bench was referring to the provision of the law, which requires that the burden of proof lies on owners to show that they have the title to ad have been in possession and were dispossessed within a period of 12 years from the date of filing the suit. The court's observation came while dismissing an appeal filed by a person who had illegally taken possession of a land from its original owner.
Radhakishan S Damani, investor and promoter of the D-Mart supermarket chain, has broken into the elite club of the top 100 global billionaires. Damani, who grew up in a single-room apartment in Mumbai, is now ranked 98th on the Bloomberg Billionaires Index with $19.2 billion as his net worth. The index is a daily ranking of the world's richest people. The other Indians on the top 100 rich list ahead of Damani are Mukesh Ambani, Gautam Adani, Azim Premji, Shiv Nadar, and Lakshmi Mittal.
Birmingham City football club owner Carson Yeung pleaded not guilty to charges of laundering more than HK$720 million and his defence team sought to have the case thrown out, saying some related documents were no longer available.
Cases filed in 3 high courts.
'An entire operation was running systematically prior to the revoking of Article 370.'
The tax department had attached about a dozen plots and buildings in Delhi and Bihar.
Terrorism insurance is insurance purchased by property owners to cover their potential losses and liabilities that might occur due to terrorist activities.
The court stated that even when there is a dispute over the ownership of a property, the authorities cannot deprive its legal occupant of electricity by insisting on a no objection certificate from those claiming to be the owners.
The Jayalalithaa-led All India Anna Dravida Munetra Kazhagam government on Thursday underlined its determination to act against land grab cases, in which connection many DMK functionaries have been jailed, assuring victims their "lost property" would be reclaimed.
As under-construction properties turn riskier, due to slowing sales, a buyer needs to protect his interest in the property.
rediffGURU Mihir Tanna answers your income tax queries.
'Since there is no photo-op, or quick fix solutions, politicians do not want to address climate change. It is very unfashionable.'
This taxation applies to all types of transfer of property.
Penalties for non-disclosure or inaccurate disclosure of these details can be severe.
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