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Residents’ association meets Noida authority CEO demanding action on civic issues, – Homevior

File Photo NOIDA: In a meeting with a delegation of the Federation of Noida Residents Welfare Association (FONRWA) on Tuesday, Noida Authority CEO Lokesh M addressed a number of concerns raised by the residents, which included vendor zones, encroachment-free roads, a need for city bus services, parking and commercial activities in residential areas, stray dogs, …

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Sale of property of Rs 50 lakh or more involving multiple sellers, buyers to attract TDS, – Homevior

Representative Image NEW DELHI: TDS of one per cent will apply on sale of an immovable property valued at Rs 50 lakh and more, even if there are multiple buyers and sellers involved in the transaction. A clarification in this regard was provided by Finance Minister Nirmala Sitharaman in her Budget Speech amid cases of …

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Home sales in USA dip 5.4% in June 2024, , – Homevior

Representative Image LOS ANGELES: The nation’s housing slump deepened in June as sales of previously occupied homes slowed to their slowest pace since December, hampered by elevated mortgage rates and record-high prices. Sales of previously occupied U.S. homes fell 5.4% last month from May to a seasonally adjusted annual rate of 3.89 million, the fourth …

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DTCP issues show-cause notices to 100 homes over illegal construction, – Homevior

Representative Image GURUGRAM: The district town planner (enforcement) has served show-cause notices to 100 house owners in DLF 5 for illegal construction and commercial activities in 60sq yard homes designated under EWS (economically weaker section) category. Despite these notices, no satisfactory response has been received from any house owner, prompting the department to prepare restoration …

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Karnataka government tabled bill to levy property tax on unauthorised buildings, – Homevior

Representative Image BENGALURU: The govt on Monday tabled two significant bills in the legislative assembly which are aimed at boosting its coffers and preventing water theft. The Karnataka Municipalities and Certain Other Law (Amendment) Bill, 2024, and the Karnataka Irrigation (Amendment) Bill aim to hold officials accountable for lapses in property tax collection and curb …

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Government proposes to remove indexation benefit on sale of old property, – Homevior

Representative Image NEW DELHI: The government on Tuesday proposed reducing the long-term capital gains (LTCG) tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as “negative” for sellers. As per the Memorandum to the Union Budget, with rationalisation of …

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FM offers Rs 2.2 lakh crore central assistance for PMAY-U homes in next five years, – Homevior

File Photo NEW DELHI: The government on Tuesday announced central assistance of Rs 2.2 lakh crore over the next five years to meet housing requirement of 1 crore urban poor and middle class families under the Pradhan Mantri Awas Yojana-Urban and proposed interest subsidy to provide loans at affordable rates. In her Budget speech, Finance …

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China’s revenue from government land sales down 18.3% in H1 2024, – Homevior

Representative Image BEIJING: China’s government posted an extended decline in land sales revenue in the first half of 2024, finance ministry data showed on Monday. Revenue from government land sales fell 18.3% year-on-year, compared with a 14% drop in the first five months of the year. Land sales, a key barometer tracking property sector momentum …

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What real estate industry gained from Budget 2024-25, – Homevior

NEW DELHI: Nirmala Sitharaman, minister of finance, presented the union budget 2024-2025 in Lok Sabha on July 23, 2024. Presenting her seventh straight budget, Sitharaman said, India’s inflation continues to be low, stable and moving towards the 4 per cent target. Core inflation (non-food, non-fuel) currently is 3.1 per cent. She also said this budget …

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