Vishwak properties

Those planning to buy a flat or a plot close to the Metro corridor being built in Ghaziabad might have to pay a cess. The Uttar Pradesh Housing Board is mulling the idea of levying this cess to raise funds for the Ghaziabad Metro project, a part of the Phase-III of Delhi Metro’s extension. The proposal is yet to be approved.

Homebuyers targeting plush neighbourhoods in Chennai can find ample ready-to-move-in properties close to the city centre. MakaaniQ lists the top five residential localities in Chennai which are the costliest based on the current pricing.

While giving its order on a case where the assesse owned three properties and made changes during actual assessment, the Mumbai Bench of the Income Tax Appellate Tribunal said that the Income Tax Act nowhere stated that the option of selecting a self-occupied property, once exercised, cannot be changed.

After a failed attempt to auction Delhi's iconic Taj Manshing hotel in June, the New Delhi Municipal Council (NDMC) has announced the date for a re-auction. After years of litigations and interventions by the Supreme Court (SC), the civic body had earlier planned to conduct the auction on June 19. However, against the clause of minimum three bids, only one was received. Now, the date for re-auction has been set as July 18.

Leasehold properties are those where developers acquire land development rights through lease for a period between 30 and 99 years, from the time of construction. The figure of 99 years is considered an approximate period encompassing three generations and covering the life expectancy of any lessee or lessor while also securing the property ownership of the lessor.