MUMBAI: Granting bail to Kamala Mills compound owner Ramesh Gowani, arrested last month by the Economic Offences Wing (EOW) for allegedly defrauding a businessman of Rs 67.5 crore, a sessions court has held that prima facie an offence of cheating is not made out against him. The judge observed it cannot be said Gowani had …
File photo GHAZIABAD: The Feb deadline set by the chief minister is long over, but Indirapuram’s handover from Ghaziabad Development Authority (GDA) to the corporation may not be far away now. The joint survey of the township — parks, roads and other civic amenities — was conducted in June by a team of officials from …
Handover of Indirapuram to GMC Expected Soon After GDA Board Approval, – Homevior Read More »
NEW DELHI: The government on Tuesday proposed significant relief for individuals who bought houses before July 23, 2024, by giving them the option to choose between two tax rates for long-term capital gains (LTCG) tax. The Budget 2024-25 had proposed to lower the LTCG from 20 per cent to 12.5 per cent but removed the …
Government gives option to calculate LTCG tax on properties, pay lower tax, – Homevior Read More »
GHAZIABAD: UP govt will build a new township as part of its plan to expand the city — the first such project in a decade and a half. With some parts of the township off the Hindon, ‘Harnandipuram’ (Harnandi is another name for the river) will come up on around 1,300 acres — almost the …
UP government to build new township ‘Harnandipuram’ in Ghaziabad, – Homevior Read More »
MUMBAI: After foreign bank accounts, stock holdings and trusts in tax havens, it’s the turn of offshore property deals of wealthy Indians to come under the taxman’s lens. At least half a dozen resident Indians were, last week, confounded by summons from the Income Tax (I-T) Department on their purchase of properties in Switzerland and …
Representative image NEW DELHI: Raymond Ltd on Tuesday reported a 26.7 per cent increase in consolidated net profit from continuing operations at Rs 57.04 crore in the first quarter ended June 2024. The company had posted a consolidated net profit of Rs 45.02 crore from continuing operations in the same quarter last fiscal, Raymond Ltd …
Raymond’s net profit from rises 27% to Rs 57.04 crore in Q1 FY25, – Homevior Read More »
Representative image BENGALURU: The Bruhat Bengaluru Mahanagara Palike (BBMP) has decided to issue notices to owners of vacant plots if their sites are not being maintained properly. Each zone within the BBMP area is required to compile a comprehensive list of such properties. BBMP Chief Commissioner Tushar Giri Nath said, “Owners of these properties will …
File Photo MUMBAI: Complying with the Supreme Court’s May 17 order, the Maharashtra State Board of Wakf (Wakf board) is trying to determine whether a plot that the Saifee Burhani Upliftment Trust (SBUT) wants to develop at Pakmodia Street in Bhendi Bazaar is a Wakf property or not. Originally owned by Haji Ismail Haji Habib …
File Photo GURUGRAM: The district administration has denied permission to National Buildings Construction Corporation (NBCC) for demolishing its Green View Society project in Sector 37D, which was declared unsafe based on structural audits conducted by IIT-Roorkee and Central Building Research Institute (CBRI). The developer had on June 25 requested permission from the district administration to …
Gurugram administration denies permission to demolish NBCC Green View, – Homevior Read More »
File photo MUMBAI: The National Company Law Tribunal (NCLT) in Mumbai has approved the acquisition of bankrupt Satra Properties (India) by a consortium of realty developers MJ Shah Enterprises, MJ Shah Realtors LLP and Centrio Lifespaces under a Rs 184 crore resolution plan. The tribunal also set aside the erstwhile promoter’s application that alleged undervaluation …
NCLT approves Rs 184 crore resolution plan for Satra Properties, – Homevior Read More »
