News Archives - Page 12 of 20 - Property News, Guide, NRI and Experts Speak

Maharashtra hikes ready reckoner rates by up to 8%, home prices set to rise

April 2, 2016 / News / Leave a Comment

MUMBAI: The government of Maharashtra has increased the Ready Reckoner rates for Mumbai and rest of Maharashtra by average 7-8%. In Mumbai, the country’s most expensive property market, the rates used for property valuation have been increased by 7%. The rates have been increased by 4% for Navi Mumbai, while for Pune the average hike …

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Aadhaar may be a must for property registration

February 17, 2016 / News / Leave a Comment

This was to identify “who these buyers were” and keep track of the money entering the real estate industry. BENGALURU: Alarmed by the large number of fraudulent transactions and investments worth crores happening in real estate, the Union government is now thinking of making Unique Identification Authority of India (UIDAI) or Aadhaar mandatory for property …

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Stringent green regime for realty sector on the cards

January 25, 2016 / News / Leave a Comment

The court was dealing with a group of developers who were found by National Green Tribunal (NGT) to have violated the environmental clearance norm. NEW DELHI: The Centre on Friday informed the Supreme Court that it would soon notify a stringent green regime for the construction industry, proposing a stiff penalty for those executing housing …

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Bought flat below stamp duty value? You may escape tax on differential

January 20, 2016 / News / Leave a Comment

Currently, if a buyer purchases a property for a price below the applicable stamp duty value and the difference between the price that has been paid and the stamp duty value is more than Rs 50,000, then such a difference is assumed to be the income of the buyer. Mumbai: Property buyers may have much …

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Developers can’t build & sell projects without getting environment clearances: SC

January 18, 2016 / News / Leave a Comment

Chief Justice of India T.S. Thakur slammed builders all over India for not respecting law and building and selling first, and later getting the clearances. NEW DELHI: The real estate sector could be in for more trouble with the Supreme Court on Friday saying that they cannot build without first getting environment clearances. Earlier, builders …

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