Immovable properties
Centre has sounded warning to State governments over reports that foreign nationals are buying immovable property illegally in some parts of the country in violation of the rules and regulations under FEMA. In a recent letter to State governments including Orissa, Centre has intimated that foreign nationals coming to India and staying beyond 182 days [...] Continue Reading »
Chandigarh- Real estate developers of Haryana seem to be having issues with the Haryana government’s plan of constituting a real estate regulatory authority. They have requested time from the government for expressing their objections and opinions on the Haryana Real Estate (Regulation and Development Bill), 2013. The Haryana Town and Country Planning Department has prepared [...] Continue Reading »
Noida- The residents in Noida have demanded the state government to call off the transfer charges which are to be paid by the property allottees even if they are transferring the property to their blood relatives. This decision is currently under consideration by the Noida Authority. The proposal which was made by the UP department of [...] Continue Reading »
New Delhi- If you haven’t yet paid your service tax dues, hurry up as November 27 is the deadline with over Rs.10-lakh rental income out of the immovable properties. Tax payers who fail to pay by the deadline will be charged a penalty. Tax implies to renting commercial properties with the rental amount exceeding the limit of Rs.10 lakh annually. [...] Continue Reading »
The home buyers as well as the builders are disappointed by the proposals of the state budget of Maharashtra. The price of real estate properties were increased several times in past one year. The increased rate of home loans also added burden on the home buyers. Now the latest announcement of imposing additional 5% stamp [...] Continue Reading »
The new Bill introduced in lokh sabha will soon be giving provisions for the banks to accept the immovable properties. Banks and financial institutions in New Delhi at present are not empowered to accept immovable property in concern against the defaulting borrower. The amendments will be made accordance with The Enforcement of Security Interest and [...] Continue Reading »
The government of Delhi is planning another hike in the circle rates of property. Earlier in February revised rates were issued by the government. The move is made to ensure that there are no loopholes to generate black money also might increase the rate of properties drastically. The revenue department in its draft proposal has [...] Continue Reading »
