The Enforcement Directorate (ED) has alleged that Robert Vadra, husband of Congress MP Priyanka Gandhi Vadra, provided evasive responses during questioning regarding a 2008 land deal in Haryana. The ED claims Vadra placed blame on deceased associates and exerted undue influence on government officials.
Their downside is that the donor relinquishes all control over the transferred property, and certain tax implications may also arise.
The registration of residential properties in Mumbai fell 42 per cent in April to 10,136 units as compared with the previous month, as fresh demand was affected due to the second wave of the COVID-19 pandemic and expiry of the reduced stamp duty period, according to Knight Frank India. The fall would have been steeper as over 90 per cent of the registrations were of the properties on which the stamp duties were already paid by the homebuyers before April 1 in order to avail lower stamp duties. From September 2020 to March 2021, the Maharashtra government reduced the stamp duty by 2-3 per cent to boost housing demand amid the pandemic.
In the slot of rural poor, there are those who struggle to pull themselves out of crumbling hovels, and there are the Jamtara-like bunch who turn to crime. Neeraj Ghaywan's Homebound is about the former, whose quest for respect and dignity is thwarted because they are underprivileged, notes Deepa Gahlot.
As the Union Budget 2025-2026 (FY26) inches closer, the Indian real estate industry is seeking stamp duty cuts, revised home loan limits and updated affordable housing norms through Pradhan Mantri Awas Yojna (PMAY), single-window clearance and eco-friendly policies, among others. Industry leaders and consultancy firms, including Anarock, Raheja, Gaurs, Kanodia Group, Reach, Urban Space, Justo and Eros Group, have shared their expectations.
Karnataka, which implemented the e-stamping system in Bangalore on Friday to prevent fraudulent practices in stamp paper-based transactions and registrations, plans to extend it across the state in a phased manner. The system, launched in association with Stock Holding Corporation of India Ltd (SHCIL), has been designed to prevent paper and process-related fraudulent practices in registration.
For those who feel conned by builders, Maharashtra government has decided to provide some relief by amending a law to allow flat buyers to get stamp duty refunded on cancellation of agreement with the builder. The decision to amend Section 48 (pertaining to property sales) of the Mumbai Stamp Act, 1958 was approved at a meeting of the State Cabinet in Mumbai on Wednesday, official sources said.
While new young stars have emerged in Indian cricket in the last few years, none can match the monumental batting feats or the electric fan frenzy that Rohit Sharma and Virat Kohli command.
While demand for sub Rs 50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors.
The Centre told the Supreme Court that governors are not indefinitely sitting on bills passed by state legislatures, and that barring a few exceptions, most have acted in a way which the apex court would have perhaps desired. Solicitor General Tushar Mehta argued that a Governor is "not a rubber stamp" and has a duty to preserve, protect, and defend the Constitution.
Mumbai recorded a 4x growth in property registrations on a yearly basis in June this year, as restrictions imposed by the state government ended. Mumbai and its suburbs recorded property registrations of 7,857 units in June, compared to 1,839 units registered in June 2020. The registrations for June were also 39 per cent higher, compared to the same month in the pre-pandemic period of June 2019, said a new report by Knight Frank India.
Property registrations in Mumbai hit the 100,000-mark till November, marking a 10-year high as "demand enablers" like low prices and cheaper interest rates lure people to buy homes in India's financial capital. The previous 10-year high was 80,746 units in 2018. November 2021 recorded property sale registrations of 7,582 units: an 18 per-cent decline compared to same month last year (YoY) when stamp duty rate was at its lowest level of two per cent, said property consultant Knight Frank India, quoting data from the Maharashtra government's Department of Registrations and Stamps. Compared to October or a month-on-month (MoM) basis, registrations are lower by 12 per cent.
One per cent TDS will apply on non-agriculture immovable property of over Rs 50 lakh on the basis of sale price or the stamp duty value, which ever is higher, after an amendment in the Income Tax Act.
Mumbai -- home to industry titans and Bollywood stars -- is witnessing a slow offtake of houses priced between Rs 10 crore and Rs 50 crore. Industry insiders and real estate watchers explain why.
rediffGURU T S Khurana answers readers' personal income tax queries.
The police took action after cyber patrolling revealed that 60 fake lottery apps, 25 fake Facebook profiles and 20 websites are connected to the scam, the SPMC release said.
Capital markets regulator Sebi on Wednesday said it will auction 27 properties of Rose Valley group of companies on November 25 at a reserve price of Rs 63.26 crore in a bid to recover money raised by the firm from the public through illicit schemes. The properties to go under the hammer include flats, buildings, land parcels and hotels located in West Bengal and Bihar, the Securities and Exchange Board of India (Sebi) said in a notice. The e-auction will be conducted on November 25 between 11 am to 1 pm.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The biggest risk in under-construction projects is delay and non-completion.
The 21-month-long Emergency also saw the government amend the Constitution several times, including to keep the elections to the offices of President, Vice President, Prime Minister and Speaker beyond the scrutiny of courts and insert the words 'socialist', 'secular' and 'integrity' in the Preamble.
Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.
rediffGURU Yogendra Arora answers readers' personal income tax queries.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The latest book, in Singh's words, is "not merely a recounting of events but a mosaic of narratives, each woven with the depth and nuances of storytelling".
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
In the case of double-income couples, not more than 40 per cent of the net income of one partner should be the EMI for the property.
Actor Amitabh Bachchan has gifted his bungalow in suburban Juhu in Mumbai to his daughter Shweta Nanda, according to official documents.
Tata Power's Q2FY25 reported results were above consensus despite challenges like low plant availability at Mundra and Odisha discom operations affected by rain. A positive development for the power major included module manufacturing hitting nearly 100 per cent capacity utilisation. The Board has approved an investment proposal for a 1GW pumped storage project (PSP).
During 2023, the Indian real estate sector - both housing and commercial - witnessed buoyancy fuelled by demand, supply, and absorption, and the sector is banking on the upcoming Budget to keep the momentum going. Mumbai-based Sattva Group wants the government to focus on the critical pillars for long-term growth. The company emphasised on the infrastructure boom with increased allocation, lower goods and services tax (GST) rates, incentives for affordable housing and single-window clearance to fast-track projects and support liquidity.
'Assess the property in terms of type, size, location and price point, and whether it fits into your budget.' 'If it checks out on these fronts, one may consider the accompanying offers.'
Enhancing your credit score is the key to improving loan eligibility and securing a favourable interest rate.
'Consider your household's financial health and all your other goals.' 'Buying a house might seem like an urgent goal, but it is rarely the only one.'
rediffGURU Anil Rego answers readers' personal income tax queries.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
'Maharashtra is virtually in a debt trap.'
Shah, while releasing the saffron party's manifesto 'Sankalp Patra' for the upcoming assembly elections in Jharkhand, announced that a Displacement Commission would be formed to ensure rehabilitation of people displaced by industries and mines in the state.
The real estate sector wants "high-impact" measures, like special schemes and tax breaks for developers, to revive the fortunes of the affordable housing segment in the country, multiple executives told Business Standard. This segment has been struggling since the Covid-19 outbreak, in contrast to larger and costlier homes which have been selling like hot cakes. The demand comes at a time when the government is taking suggestions from industry players before tabling the General Budget in the Parliament next month.
