When it comes to sale of flats or transfer of title of immovable property, so now onwards after the issuance of occupancy certificate there will be no need to pay the service tax, as per latest guidelines of Finance Ministry of India. On Monday, CBEC (The Central Board of Excise and Customs) issued the clarification […]
Housing projects Archive
October 9, 2015 6:00 pm
“We’ll ensure housing projects complete on time” – Maharashtra Govt.
The state Finance and Planning Minister, Sudhir Mungantiwar has announced that the government will provide all the required assistance to ensure real estate developments are executed in a time-bound manner. Urging developers to take up affordable housing projects at a real estate summit organised by National Real Estate Development Council (NAREDCO) Mungantiwar said that realtors […]
April 29, 2015 9:00 am
To develop mid income housing projects, Sobha realty firm is about to invest Rs 3,500 crore
One of the major realty firm Sobha developers is planning to invest the amount of Rs 3,500 crore with an aim to develop and construct the mid income housing project in next 7 to 8 years. With this new project Sobha is trying to enter in the new segment with Sobha Dream Series to cater […]
March 18, 2015 9:00 am
More charge on extra FSI can hit the redevelopment work in Mumbai’s suburbs
Recently, the proposal of Maharashtra government to put extra charge on builders more for the extra 0.33 floor space index (FSI) given for housing projects is likely to hit redevelopment work in Mumbai‘s suburbs. The Maharashtra government has increased the ready reckoner rates by an average 15% every year since 2008 and now government is […]
November 4, 2014 12:17 am
Tata Housing shuts door on Lincoln House property in SoBo
Two years back in March 2012, Mumbai’s realty circles were abuzz with news of Tata Housing, Tata Group’s realty company bagging the US Consulate’s Lincoln House property in South Mumbai for a cool Rs 850 crore. Almost three years on, a stroll past it reveals no sign of the Tata involvement, just a sole security […]