Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

VAT

Committee formed to calculate VAT in Maharashtra

Committee formed to calculate VAT in Maharashtra
The confusion over VAT payable by the builders and buyers in Maharashtra is being handled carefully by the state government and  builders alike. The Maharashtra Chamber of Housing Industry (MCHI)-Confederation of Real Estate Developers’ Associations of India (CREDAI) has set up a four-member committee to look for the best option for developers to compute Value [...] Continue Reading »

Real estate companies take a hit at BSE as shares drop

Real estate companies take a hit at BSE as shares drop
Indian real estate companies seem to take a hit due to imposition of VAT in Maharashtra. The shares of most big players dropped for a second day as confusion kept arousing about who would end up paying a proposed retrospective value-added-tax(VAT) from the state of Maharashtra. The drop was caused by worries about a stringent [...] Continue Reading »

Builders’ offices raided for evading VAT, recovered RS 20 cr

Builders’ offices raided for evading VAT, recovered RS 20 cr
The sales tax department of Mumbai raided offices of 15 builders including Marathon, Ajmera, Keystone, Bhoomi realty, Naman and Acme, for evading payment of value added tax (VAT) and recovered Rs 20 crores. The Bombay high court had upheld the 1% VAT imposed on the sale of properties by the state in April. The builders had [...] Continue Reading »

CREDAI called for reforms in realty sector

CREDAI called for reforms in realty sector
The Confederation of Real Estate Developers Association (CREDAI), on Wednesday, called for comprehensive reforms in areas related to land administration, banking and taxation to lift the realty sector and support in meeting the shortage of 26 million houses. CREDAI unveiled 10-point agenda to revive the sector, which is facing demand slowdown due to high interest [...] Continue Reading »

Assam realty front suggests government to lessen tax burden on housing

Assam realty front suggests government to lessen tax burden on housing
To decrease the burden of tax on housing properties, Assam Real Estate and Infrastructure Developers’ Association (AREIDA) has suggested the state government to combine the tax into a whole of 10 per cent which includes VAT, service tax, stamp duty, registration, labour cess and NOC fees. The state is already witnessing a hike in property [...] Continue Reading »

Hike in LPG VAT worry Mumbaikars

Hike in LPG VAT worry Mumbaikars
The latest hike in the value added tax of LPG cylinders by 5% worries the residents of Mumbai. They have been thinking of ways of reducing the use of cooking gas at home. The rate of cooking gas has almost increased by Rs 100 by one and half year and another rise of Rs 20-22 [...] Continue Reading »



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!