Representative image Property developers across the country have approached the government to reconsider the proposal of charging 18% Goods & Services Tax (GST) on floor space index—permissible development on a plot–and additional FSI charges paid to local authorities for real estate projects. Realty developers’ body CREDAI has written to the finance minister Nirmala Sitharaman urging …
Representative image NEW DELHI: Several property developers received show cause notices from Goods and Services Tax authorities, questioning their claims of input tax credit estimated at about ₹3,500 crore, people familiar with the matter said. These notices follow a Supreme Court ruling in October concerning Safari Retreats that allowed commercial realty companies to claim input …
Representative image BELAGAVI: Although it has led to a decline in govt revenue, e-khatas, now mandatory, have helped curb fraudulent activity in property registration, revenue minister Krishna Byre Gowda told the legislative council Wednesday. While defending the implementation of the system, Byre Gowda stressed its role in preventing fake property registrations. “The e-khata system will …
Representative image WASHINGTON: U.S. single-family homebuilding rebounded in November as the drag from hurricanes faded, but the threat of tariffs on imported goods and potential labor shortages from mass deportations of immigrants could hamper new construction next year. The report from the Commerce Department on Wednesday showed only a slight increase last month in permits …
Single-family housing rebounds in November 2024, , – Homevior Read More »
Representative image TIRUPUR: Traders and shopkeepers across the district went on strike on Wednesday to protest the hike in property tax, 18% GST on commercial properties and the increase in electricity tariff. As part of the strike, grocery stores, restaurants, bakeries, textile shops, jewellery stores, cellphone shops and electrical shops remained shut. Around 300 shops …
Traders protest over hike in property tax, electricity tariff in Tamil Nadu, – Homevior Read More »
Representative image NEW DELHI: Appellate tribunal NCLAT on Tuesday dismissed the plea filed by the former promoters of realty firm Spaze Towers to confine the Corporate Insolvency Resolution Process to only one project — Spaze Arrow. The National Company Law Tribunal (NCLT), on October 21, 2024, directed the initiation of insolvency proceedings against Spaze Towers, …
Representative image NEW DELHI: ITC Ltd, which is demerging its hotels business from January 2025, on Wednesday said it has acquired shareholding of rival hospitality chains Oberoi and Leela from its wholly-owned arm, Russell Credit Ltd. “The company today acquired 2.44 per cent of the share capital (comprising 1.52 crore equity shares of Rs 2 …
ITC acquires 2.44% stake in EIH and 0.53% in Leela hospitality chains, – Homevior Read More »
Representative image NEW DELHI: ITC Ltd, which is demerging its hotels business from January 2025, on Wednesday said it has acquired shareholding of rival hospitality chains Oberoi and Leela from its wholly-owned arm, Russell Credit Ltd. “The company today acquired 2.44 per cent of the share capital (comprising 1.52 crore equity shares of Rs 2 …
ITC acquires 2.44% stake in EIH and 0.53% in Leela hospitality chains, – Homevior Read More »
Representative image Bollywood actor and television host Manish Paul has rented out his office space for monthly rent of Rs 2 lakhs located in Mumbai’s Andheri West, informed Square Yards in a media release. The office space was originally purchased in September 2023 for Rs 2.25 crore. The leased property spans 1,200 sq ft (~111.48 …
Manish Paul rents out office space for Rs 2 lakh per month in Mumbai, – Homevior Read More »
Representative image NEW DELHI: The government is firming up a zero-collateral housing loan scheme for low- and middle-income groups which will offer up to Rs 20 lakh with minimal documentation or third-party guarantee, said people familiar with the matter. Amendments to the Credit Risk Guarantee Fund Scheme for Low-Income Housing (CRGFTLIH) are being examined to …
