Shops
TDI Investors Association which includes 70 member investors from Chandigarh created a row, alleging that the owners had cheated them of Rs 150 crore. In a press conference the association stated that in 2005 a legal contract was signed between the company and the members following whom they paid 80% of the cost for showrooms [...] Continue Reading »
Bangalore- An RTI activist’s queries revealed that Bangalore Development Authority (BDA) has to recover rental dues of over Rs 15 crore from the shops and office spaces it had leased out in its 15 shopping complexes in the city. Several media copies of documents obtained through RTI were released on Tuesday by the activist, BM [...] Continue Reading »
Much controversy has been created over VAT to be payable by the developers to the government of Maharashtra. The state sales tax department has issued a circular to developers which states value-added tax (VAT) at the rate of 5 per cent of the value with retrospective effect would be levied on flats, shops and bungalows. [...] Continue Reading »
Delhi Government has started allotting around 14,000 low-cost flats to slum residents with accordance of its plan to make the nation’s capital slum-free. In the first batch, 500 flats in Bawana were distributed on Wednesday among eligible residents of eight slum clusters in West and South Delhi. The remaining 13,500 flats are also ready for [...] Continue Reading »
Greater Hyderabad Municipal Corporation (GHMC) has given a rude surprise to L B Nagar property owners. As per sources, GHMC had sent revised tax notices to the shop owners for the last two months. But the notices had numbers which was unbelievable to the owners. The new tax rules says that rates have been levied [...] Continue Reading »
The construction activity in new developing areas on the periphery of eastern Ahmedabad has increased manifold in last three years. There is a huge demand for one and two bedroom houses which is luring many builders to build such schemes on encroached land. AMC officials pulled down 107 row houses and seven shops in Vatva. [...] Continue Reading »
