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Representative Image BENGALURU: Despite Bengaluru’s exponential growth in population and businesses, the Centre maintains that it cannot yet grant ‘Metro’ status to the city. Union Minister of State in the Ministry of Finance, Pankaj Chaudhary on Tuesday, explained that under Rule 2A of the Income-tax Rules, 1962, a distinction exists between the cities of Mumbai, …

Centre refuses to grant ‘metro’ status to Bengaluru, , – Homevior Read More »

NEW DELHI: The Delhi High Court has appointed an arbitrator to adjudicate disputes between former Indian cricketer Yuvraj Singh and a real estate firm over alleged violation of his privacy rights in promotion of construction projects and for delaying delivery of a dwelling unit to him in the national capital. The high court said the …

Delhi HC appoints arbitrator to deal with disputes between Yuvraj Singh, Brilliant Etoile, – Homevior Read More »

Representative image PANAJI: Panaji corporators expressed their apprehensions about the alleged breach of citizens’ privacy because of the ongoing GIS (geographical information system) mapping of properties, carried out by an agency appointed by the Goa State Urban Development Agency (GSUDA). However, mayor Rohit Monserrate said that the corporation may not get central grants if the …

GIS mapping of properties is invading privacy: Panaji corporators, – Homevior Read More »

Representative Image NEW DELHI: Key decisions on three housing schemes, a policy for management and use of community halls, and a policy to fix the disposal price of stand-alone garages were taken at a meeting of the DDA on Tuesday, chaired by Lieutenant Governor VK Saxena. The DDA announced on Tuesday that the Sasta Ghar …

DDA meeting chaired by LG takes key decisions on three housing schemes, – Homevior Read More »

NEW DELHI: To promote ease of doing business, markets regulator Sebi on Tuesday tweaked the framework involving the nomination rights of unitholders of real estate investment trusts (REITs) and infrastructure investment trusts (InVITs) to appoint directors. Under the current rules, unitholders who exceed a specified ownership threshold can nominate one director to the Board of …

Sebi tweaks guidelines on REITs, InvITs to promote ease of doing business, – Homevior Read More »

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 …

Kamala Mills owner granted bail as judge finds no prima facie cheating offence, – Homevior Read More »

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 …

Income tax department examines overseas property investments by Indian residents, – Homevior Read More »