A growing number of investors from India are showing interest in Dubai as they look to capitalise on 60 per cent savings per square foot in the Dubai property market, a Dubai-based real estate company has said.
The bench, headed by Justice Patil, however, allowed a significant leeway for the developers in the judgment by permitting the state-level RERA Authority and the Appellate Tribunal to consider delays on a case-to-case basis, and not to cancel such projects or developers' registration in cases where the delay was caused due to "exceptional and compelling circumstances."
Sources said much has been done to ease the tax burden of the middle classes in the last five years, and that such a measure affects only a limited segment of people when the focus should be to put money in rural areas. Archis Mohan reports.
"The Board of the company has approved a proposal to further unlock overall shareholder value by transferring its infrastructure projects to a separate 100 per cent subsidiary, subject to compliance with applicable laws," REL informed the Bombay Stock Exchange.
According to the police, a Special Task Force team retaliated when the gangster, recently released from prison on bail, opened fire at them after being cornered. His car had crashed into a pole.
Unitech alleged that the takeover of the management of the company by the Centre would make it difficult for them to deposit Rs 750 crore as directed by the apex court to safeguard the interests of homebuyers.
The chairman of mortgage giant HDFC Ltd in his annual letter to shareholders, also suggested a one-time restructuring of real estate loans, easing of external commercial borrowing rules and immediate changes in regulations to allow end-to-end execution of housing loans online.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
Currently, there are related party transactions in four areas -- real estate leased to IGAL, simulator training facilities, General Sales Agreements (GSAs) for limited foreign markets and crew accommodation at Accor Hotels, the IGE statement said. Citing unaudited numbers for 2018-19, the statement said the related party transactions in the four areas accounted for Rs 150.12 crore or 0.53 per cent of IGAL's consolidated turnover.
Commerce and Industry Minister Piyush Goyal that the players in the sector should start lowering prices and, if the worst comes to the worst, write off investment as bad business decisions.
Ccertain tax advantages are attached with HUF under the income tax and wealth tax laws.
'There are unscrupulous traders who create fake invoices by showing bogus e-way bills, movement of goods.' 'Since the entities registered across different states, and kept on changing their numbers, tracing them was difficult.'
For the first time in his political career, he failed to carry his party to even a working majority -- and again, for the first time in his career, he finds himself in a situation where he cannot rule by dictatorial fiat, points out Prem Panicker.
Within hours of Company Law Board orders, the government on Thursday appointed its nominees on the boards of Maytas Infra and Maytas Properties, the companies promoted by the kin of disgraced founder of the Satyam Computer Services B Ramalinga Raju.
If elected, he would be the first successful businessman without any political experience to become the US president.
Twenty years after the burning of a train in Godhra killed 59 'karsevaks' and triggered one of India's worst post-Partition riots, the poll-scape reflects the yawning gulf between the two communities.
Singh emphasised that the Indo-Pacific is no more a maritime construct, but a full-fledged geo-strategic issue, and that the region is facing "a complex web" of security challenges, including boundary disputes and piracy.
Manish Sabharwal tackles 5 criticisms of demonetisation.
Starting with a family, which had a dealership of Bajaj Auto's scooters, to becoming the owner of a household name in consumer appliances who could afford to have Bollywood superstar Shah Rukh Khan as the brand ambassador, Venugopal Dhoot's is a story of an aggressive small town businessman's pursuit to be on the top. Now arrested in connection with the ICICI Bank loan fraud case, Venugopal Dhoot during his heydays was not the one to simply sit on small achievements like Videocon becoming the largest television set manufacturer in India.
Steven S Reinemund, Chairman and CEO, Pepsi, said though there were bottlenecks, India had the best managerial talent and was comparable with any other developed country.
States such as Maharashtra have made it mandatory for developers to register the ongoing projects
Not just mid- and small-sized firms, even big ones will either sell group companies or stakes in their listed entities to tide over crisis; more sell-offs seen in coming months.
Irani said the show of strength by the Congress is aimed at putting pressure on the probe agency, and asserted that nobody is above the law "even Rahul Gandhi".
NRIs can repatriate the proceeds from the sale of a residential property in India, provided they meet a few conditions.
The party also dismissed as 'absolutely false' the claim that Young Indian Ltd, the company formed in the wake of financial troubles concerning Associated Journals Ltd, was a 'real estate company'.
Their bank accounts have been frozen. State governments have been told to restrict sales and transfers of real estate assets these companies own.
Veena Mani reports.
Home buyers would be able to invoke Section 7 of the IBC against errant developers.
From Rafale relief to heat on realtors, 10 landmark Supreme Court judgments in 2018.
Restricted by state government orders, the ownership of such land could not be formally registered, so the advances made continued to be reflected in the accounts as 'advances against land'.
Section 54 provides a tax-free method to convert unaccounted money into accounted money, says Harsh Roongta.
Among manufacturing companies that went to the National Company Law Tribunal (NCLT), chemicals and metal firms witnessed more resolutions while companies in the labour intensive (employment friendly) leather and textile sectors mostly get liquidated, reports Abhishek Waghmare.
All laws have been modified to omit the domicile clause for property rights in the valley. This effectively means that anyone with enough money to spend can now technically buy property there, writes Sai Manish.
Builders were questioned on unfair trade practices.
The government has made pan card mandatory for all transactions above Rs 1 lakh.
The company releases documentary showing top executives of dozens of realty firms offering to launder black money.
The Bombay high court on Tuesday directed the Mumbai civic body to demolish the unauthorised construction at Union minister Narayan Rane's bungalow in Juhu area in Mumbai, noting that it violated the Floor Space Index (FSI) and Coastal Regulation Zone (CRZ) rules.
Demonetisation should be judged to have delivered some immediate gain if at least around Rs 2 trillion gets immobilised.
In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment.
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