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9.7
housing board colony
Sirsa

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Top real estate articles

  • 13th Sep 18

    Mhada To Miss 2020 Target To Deliver 15,000 Low-Cost Flats In Mumbai

    Media reports suggest that the Mumbai Board of the Maharashtra Housing and Area Development Authority has only been able to complete 2,500 flats so far as against the promised delivery of 15,000 homes by 2020. According to the authority, encroachments and court cases are the reasons behind the delay.
  • 12th Oct 18

    How Justified is Paying Taxes For The Inventory?

    From this financial year, real estate developers, who are holding an unsold unit for over a year, will have to pay 8-10 per cent of the property value as tax. Developers will also have to pay 30 per cent of the fair value of the property as tax if they lease their unsold units after April this year after Section 28 (via) was introduced in the Income Tax (I-T) Act. According to this Section, unsold inventory would be treated as a capital asset from the tax point of view.
  • 1st Oct 18

    Circle Rate Hike Proposed In Gurgaon For The Third Time This Year

    At a time when real estate developers in the city were pinning their hopes on the festive season to revive sales, the Gurgaon administration has proposed to raise circle rates by up to 25 per cent. This could be this year’s third rate hike; rates were earlier hiked in February and April, each time by up to 15 per cent. The revised rates will come into effect on October 19.
  • 28th Sep 18

    Ghaziabad Authority To Levy 12% Interest On Tax Defaulters

    The Ghaziabad Municipal Corporation is planning to levy 12 per cent interest on defaulted payments of house, water and drainage taxes.
  • 24th Sep 18

    Five Things NRIs Buying Property In India Must Know

    A look at what differentiates NRI property purchase from resident property purchase in India.
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