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File photo The Supreme Court’s recent ruling allowing claiming of input tax credit (ITC) for construction of any property meant for the supply of taxable services such as renting has brought in clarity in terms of tax liabilities and is expected to drive further investments into commercial realty, said industry officials and analysts. Reduction in …

SC’s tax ruling on ITC may boost commercial realty investments, – Homevior Read More »

Representative image HYDERABAD: The Enforcement Directorate (ED) is set to interrogate Sahiti Infratec Ventures India Pvt Ltd (SIVIPL) managing director Boodati Lakshminarayana, from Oct 14 to 18 to trace the routing of proceeds from the massive Sahiti Infra scam. Lakshminarayana, who was arrested on Sept 29 in connection with the scam, will be taken into …

ED to Interrogate Sahiti Infra MD Lakshminarayana for Five Days Over Major Scam, – Homevior Read More »

Representative image NEW DELHI: Enforcement Directorate has initiated a drive to return lost funds to nearly six crore investors affected by Rs 50,000 crore Pearl Group ponzi scam. The agency said it has shared details of Rs 700 crore worth of attached assets of Pearl Agro Group with Justice Lodha Committee, the panel appointed by …

ED initiates refund drive for six crore investors in Pearl Group ponzi scam, – Homevior Read More »

Representative image NOIDA: The Allahabad high court has stayed an order by Noida Authority denying permission to Satya Homes Pvt Ltd and others to carry out construction on land they purchased in Sector 161. The court said the Authority must provide solid and legally sound reasons to reject building permits. The petitioners had purchased 9,571sqm …

High Court Overturns Noida Authority’s Construction Ban in Sector 161, – Homevior Read More »

File Photo MUMBAI: The Economic Offences Wing (EOW) of Mumbai Police has closed the second cheating case filed against three directors of Nirmal Lifestyle: Dharmesh Jain, Rajeev Jain, and Puja Jain. This decision came after they refunded the money to the 12 investors of the Nirmal Lifestyle Home Buyers Redressal Association and filed consent terms. …

Economic Offences Wing Closes Cheating Case Against Nirmal Lifestyle Directors After Investor Settlements, – Homevior Read More »

NOIDA: Over the past nine days of Navratri, the stamp and registration department registered 303 flats and collected Rs 103 crore stamp duty. The number of registrations is nearly three times of what is done on usual days. Assistant inspector general registration (I) BS Verma said, “Usually, we register 10-20 flats daily. However, we registered …

300 Flats Registered in Noida During Navratri, Threefold Increase in Transactions, – Homevior Read More »

Representative Image MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) expects to generate Rs 656 crore by leasing three prime plots in Bandra-Kurla Complex (BKC) for key infrastructure developments, including a clubhouse with sports facilities, a hospital, and an educational institution. These plots are being offered on an 80-year lease, and bids must be submitted …

MMRDA to Generate ₹656 Crore by Leasing Prime BKC Plots for Key Infrastructure Projects, – Homevior Read More »

MUMBAI: Observing that the demand for additional charges for maintenance and a huge amount for society registration without forming the society or providing the agreed services amounts to unfair trade practices, the state consumer commission ordered a builder to pay a Navi Mumbai family compensation of Rs 2.75 lakh. “The complainants provided evidence through their …

Mumbai Builder Ordered to Pay Rs 2.75 Lakh for Defective Flat Services, – Homevior Read More »

PANAJI: Goa police on Saturday decided to launch a drive on Oct 15 to prosecute landlords for unverified tenants. Goa police verified the credentials of over 20,000 tenants and house helpers for the safety and security of the citizens from Oct 1 to 9. So far, they verified the credentials of 70,000 people. Director general …

Goa police to continue verification drive, prosecute renters over unverified tenants, – Homevior Read More »

Representative image ULHASNAGAR: The state govt has initiated the process to regularise illegal constructions in Ulhasnagar and issued a format that the local special development officer must implement and provide to owners of such properties. Ahead of Lok Sabha elections early this year, the state had also reduced the penalty imposed for legalising constructions in …

State Government Unveils New Property Card Format, – Homevior Read More »