Real estate firms like DLF, Prestige, Phoenix Mills to benefit.
'Is taxable amount above 1 Lac is also to be shown as income from other sources?'
The sector, struggling with low sales and high inventory, might get a push after elections.
Currently, CoWin certificates mention the beneficiary's age based on the year of birth besides other details.
There's merit in the premise of 420 IPC but Manish Gupta's flat execution never delivers its promise, feels Sukanya Verma.
The Congress on Sunday took a strong exception to the exclusion of former prime minister Jawaharlal Nehru in the Karnataka government's newspaper advertisement on freedom fighters and termed the Bharatiya Janata Party action 'pathetic'.
If you are a budding developer and interested in Web3, chances are that you will be headed to one of India's largest-ever meetings of Web3 developers, being held by Polygon, a Web3 platform. The company's ongoing "Web3: Made in India Tour" is expected to see close to 4,000 developers coming together at the inaugural Polygon Connect event in Bengaluru on December 1. The event highlights the growing dominance of Web3 developers from India, as well as the sector's rising interest to investors, who continue to invest in startups despite a funds crunch.
Salem had said his sentence could not exceed 25 years as per a solemn assurance given by India to Portugal for his extradition in 2002.
Launch of new homes dropped by 12 per cent to over 172,000 units so far during this calendar year in the eight major cities.
The IPS officer who is facing several extortion cases in Maharashtra had told news channels on Wednesday that he was in Chandigarh.
The Delhi high court has slapped Rs 10 lakh costs on an NGO which had filed a Public Interest Litigation (PIL) alleging unauthorised construction in New Delhi, saying it was unfortunate that the noble forum of PIL was being used for blackmailing citizens.
The top court said that it was not against anyone but the primary concern is illegal constructions in Coastal Regulation Zone areas, which eventually lead to natural disasters.
The police alleged that Kaskar and his associates had been threatening a prominent builder in Thane, in Dawood's name since 2013 and extorted Rs 30 lakh and four flats from him.
Given that some reputed builders are also present in this segment and the cheap rates, does affordable housing make a good investment option?
According to government officials, the Indian arm of Turner Project Management, which worked on the world's tallest building, the Burj Khalifa of Dubai, is consultant for the project and construction management.
Gautam Adani on Tuesday said his ports-to-energy conglomerate never slowed or stopped investing in the country as the group's success is based on its alignment with the India growth story. Speaking at the annual shareholder meeting of the group companies, he said the previously announced $70 billion investment in new energy business will help turn India from being a net importer of oil and gas to an exporter of clean energy. "Never have we walked away from investing in India, never have we slowed our investments," he said. "We believe our scale, our diversified business, and our track record of performance positions us very strongly to continue to perform well in a variety of market conditions."
In a good news for the hassled home buyers of Amrapali Group, the Supreme Court on Friday was informed that 11,858 flats will be delivered in 2 to 3 months of which 5, 428 units will be handed over the possession in October. A bench of Chief Justice UU Lalit and Justice Bela M Trivedi was informed by court receiver senior advocate R Venkataramani that in the upcoming festive season next month 5,428 flats which have been completed by the NBCC will be given to the home buyers with electricity and water connection. "We are facing some issues in providing electricity and water connections to the other 6,430 completed flats and once the connections are provided and they receive completion certificates, these units will be handed over to the home buyers in the next two to three months", he said.
Provisions in the Central GST Act say reduction in GST rates or the benefit of ITC must be passed on to consumers.
Singh also filed an affidavit before the single-member commission, saying he has nothing to depose and doesn't want to be crossed-examined by the probe panel.
'I don't come from a political family.' 'I have one man, my grandfather, who is in politics.'
Workers from India, Nepal and Sri Lanka who moved to Qatar to build luxury offices for the 2022 World Cup organisers have reportedly not been paid 13 months' wages.
The school was run on strict Gandhian lines, with stress on students doing things themselves. Physical comforts were minimal, in keeping with the relatively backward geographical area. But it had a staff of teachers dedicated to educating their students, not just imparting them book-learning, remembers Shreekant Sambrani.
Mustafa Chaphekar said he was at home when he suddenly felt "tremors", following which he ran out into the balcony of his flat and asked others what was happening.
Buyers suffer because they often don't know the relevant details.
The Supreme Court Friday assured the home buyers of the to-be-razed 40-storey twin-towers of real estate firm Supertech in Noida that they will be refunded the full amount deposited with the builder. The apex court also asked the Interim Resolution Professional (IRP) of the firm, facing insolvency proceedings, to deposit Rs one crore with the apex court registry. The Supertech's 40-storey twin towers at Emerald Court Project of Sector 93A of Noida are scheduled to be razed on August 28.
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long upcycle. A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year.
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations.
The lawyer submitted that even though the TADA court had held that it was not bound by the assurances of the government, the top court has the power to decide the issue.
The five-storey building -- Tareq Garden -- in Mahad town, around 170 km from Mumbai, collapsed on Monday evening. According to a police official, the rescue operation was called off around 11.30 am on Wednesday.
Police have filed an extortion case against Mumbai Deputy Commissioner of Police Akbar Pathan and two other cops, one of them arrested for the killing of businessman Mansukh Hiran, on a complaint by a man who is an accused in a cheating case, an official said on Thursday.
The case pertains to alleged corruption in Manesar land deals worth over Rs 1,500 crore, in which around 200 farmers were cheated.
According to Knight Frank, in the second half of 2015, launches will be down 52 per cent (from 37,643 in the second half of 2014) to 18,000, while absorption will improve 24 per cent.
Builders were questioned on unfair trade practices.
Vipul Agarwal and Vivek Agarwal, the developers and partners in Alcon Landmarks, were arrested on Saturday after a portion of a 22-ft-high compound wall of a housing society collapsed on adjoining shanties of construction workers following incessant rainfall.
Major realty firms, including Emaar MGF and Sahara, on Tuesday approached market regulator Sebi for public offerings to raise collectively an over Rs 11,000 crore (Rs 110 billion), reflecting that sector has emerged from the worst of the global financial crisis.
Experts said the builders will now factor in their losses arising from the removal of input tax credit when they pass on the benefits to end users while the latter may want the entire GST cut to be given to them.
The state government said that none of the actual affected parties, if any, have approached this court concerning the lawful demolition action.
'In many parts of the country, the empty nest-and-empty-nest egg story is a painful boom-to-bust saga.' 'Among the old and young, it is hitting pockets hard, in a linked chain of debt-laden banks, corrupt politicians and builder mafias and disastrous government policies,' says Sunil Sethi.
'Real estate loans are given in the garb of retail loans, sourcing money cheap from the NHB refinance window.' 'This loophole is being plugged,' notes Tamal Bandyopadhyay.
