News / Market Updates
Budget 2018 has proposed a tax relief for buyers and sellers of property by allowing it to be valued at up to 5% below circle rates for calculation of stamp duty and capital gains tax. The finance minister presenting the Budget 2018 announced that no adjustment shall be made in respect of transactions in immovable…
NEW DELHI: The sealing drive is now expected to shift its focus inside the residential areas, with the Supreme Court-empowered monitoring committee asking the three corporations to initiate action against the house owners who have been misusing the ‘stilt-parking’ area. “During our inspections, most of the stilt (areas) were found to be misused. The monitoring committee directs that the…
Implementation of Real Estate (Regulation and Development) Act, 2016 will boost the Non-Resident Indian sentiments on Indian real estate sector, say market experts. With more transparency coming in the realty sector, there is bound to be an increase in the number of NRIs planning to buy property back home, they said..
There was no proposal to make Aadhaar linkage mandatory for property transactions, Parliament was informed on Tuesday. In a written reply in the Lok Sabha, Union minister of state (independent charge) for housing and urban affairs Hardeep Singh Puri, however, said the rural development ministry had advised the states and Union territories to explore the…
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