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Developers likely to move finance ministry against new property tax

Developers likely to move finance ministry against new property tax
New Delhi: Realty developers are likely to seek finance ministry’s help against the proposed property tax to be imposed on property sales. The realtors are worried that the additional tax would curb the growth of the real estate sector which is already facing slowdown. By inserting Section 43CA in the Income Tax Act, the government [...] Continue Reading »

Revised betterment tax to fetch government Rs 20 cr

Revised betterment tax to fetch government Rs 20 cr
Delhi - The property tax is likely to go up as East Delhi corporation proposed to increase the property valuation by 1.6 times. The budget was proposed by the Education Management Corporation (EDMC). They revised the  professional tax and electricity tax on power generators of five KW and new parking charges on minute basis to [...] Continue Reading »

India Inc unhappy with land bill

India Inc unhappy with land bill
India Inc is unhappy with the Land Acquisition Rehabilitation and Resettlement Bill 2011 cleared by the Group of Ministers (GoM) fearing that projects costs may soar due to high land price, and cumbersome acquisition procedures. Rajeev Talwar, executive director of DLF said the Bill could affect business badly adding that projects costs will soar if [...] Continue Reading »

Thiruvananthapuram realty narrows to city limits

Thiruvananthapuram realty narrows to city limits
The real estate sector in Thiruvananthapuram is mainly focusing on the city centric areas as the relators believe that people prefer to stay in than city outskirts. Builders are redesigning the apartments by reducing floor ratio in order to make them affordable for middle-income group of buyers. According to Artech CEO, T S Asok, the [...] Continue Reading »

Burden of increase in land holding tax for Bhubaneswar residents soon

Burden of increase in land holding tax for Bhubaneswar residents soon
Recently, Odisha cabinet has decided to increase the land valuation which will in turn increase the holding tax in the state making it a burden on residents in Bhubaneswar. The land valuation is by general administration (GA) department in the city and it will be increased to match the benchmark valuation of revenue department. The [...] Continue Reading »



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