As a punishment for not complying with the legal provisions after handing over the residential flats to the buyers, a builder been penalised to pay Rs.12.36 lakh to a cooperative society in Borivali. He has been charged for not registering the society and failing to get an occupancy certificate as per his statutory obligations. The […]
property news Archive
September 9, 2014 1:19 am
Borivali builder penalized for failure to register society and issue Occupancy certificate
September 8, 2014 6:53 am
Invest in Property in Thane and Property in Mumbai for best ROI
Most part of Mumbai in terms of residential investment will fetch the investor good returns. Everybody waits for the best possible investment opportunities in metropolitan cities of the country and when it comes to a city like Mumbai, opportunities are endless. Property in Mumbai and Property in Thane are among the top ten best investments […]
August 23, 2014 2:04 am
CREDAI urges government to abolish the levy of VAT
The Confederation of Real Estate Developers of India (CREDAI) has urged to abolish the levy of Value Added Tax (VAT) on property transactions. CREDAI’s request comes in wake of a Supreme Court order in September last year making it mandatory for payment of VAT on property purchases in the State made from 2006 to 2010. […]
August 21, 2014 4:08 am
1 percent LBT on property abolished
A government notification issued by Inspector General of Registration on LBT has ended all confusions over payment of one per cent Local Body Tax (LBT) by property buyers as stamp duty. The State government had increased stamp duty from April 1, 2013. As per the notification, property buyers, whose sale agreements are registered before April […]
July 11, 2014 6:20 am
Budget 2014: Top amendments for Real Estate Sector
The real estate sector is considered as one of the most important sectors for the economic growth of the country. With very promising plan of providing housing to everybody maximum by 2020, the new government headed by Prime Minister Narendra Modi has taken a very important decision in making few amendments in the law related […]