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Overseas Investments by Resident Individuals – Liberalisation / Rationalisation

Written on 29 Mar, 2012 at 12:22 in NRI & FEMA, Real Estate News | viewed 0 times | 0 Comments

By Accommodation Times Bureau RBI/2011-12/474 A. P. (DIR Series) Circular No.97, Dated -March 28, 2012 Overseas Investments by Resident Individuals – Liberalisation / Rationalisation Attention of the Authorised Dealer (AD – Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July... (Continue reading)

Defaulter babus to face dire consequences following to unpaid property returns

Written on 28 Mar, 2012 at 18:14 in Legal, Real Estate News | viewed 0 times | 0 Comments

By Accommodation Times Bureau New Delhi: Approx 454 babus (bureaucrats) so far haven’t cleared the annual property returns on time, directed to government to take against the defaulters on higher priority basis. The Department of Personnel and Training (DoPT) prepared defaulter’s list and... (Continue reading)

80 IB allowable to entire project

Written on 22 Mar, 2012 at 13:11 in Land Mark Judgements, Real Estate News | viewed 0 times | 0 Comments

Clause (d) inserted in section 801B[10) with effect from April 1, 2005, is prospective and not retrospective and hence could not be applied for the period prior to April 1, 2005. Since deduction under section 801B[1Oj were on the profits... (Continue reading)

Property prices will increase by 2% as service tax go up

Written on 20 Mar, 2012 at 17:46 in Delhi, Legal, Property Rates, Real Estate News | viewed 11 times | 0 Comments

By Accommodation Times Bureau New Delhi: National Real Estate Development Council said that, “property rates will rise approx by 2% as in the union budget excise duty and service tax has been increased from 10 percent to 12 percent.” In a media conclave... (Continue reading)

HC tells to DDA, to put on hold auction of CWG village flats

Written on 20 Mar, 2012 at 17:45 in Legal, Real Estate News | viewed 0 times | 0 Comments

By Accommodation Times Bureau New Delhi: On this Monday the Delhi High Court asked to Delhi Development Authority’s plan to “test the market”. HC has restricted to authority not to auction 110 housing units at the Commonwealth Games Village complex as it... (Continue reading)

Civic-body seeks more time to implement capital value-based property tax system

Written on 9 Mar, 2012 at 18:18 in Property Tax, Real Estate News | viewed 1 times | 0 Comments

By Accommodation Times Bureau Mumbai: On this Wednesday the state cabinet has directed to the Brihanmumbai Municipal Corporation (BMC) not do any changes in levying property tax based on the rateable value-based assessment for current fiscal year. The corporation authorities still need... (Continue reading)

State housing dept seeks detailed report on Land Scam

Written on 6 Mar, 2012 at 18:28 in Legal, Real Estate News | viewed 0 times | 0 Comments

By Accommodation Times Bureau Mumbai: State Housing department is taking strict actions against the top most IAS officers following to the “land grab” case. On this Monday authority asked to Mhada detailed report on the nature of their involvement. Satish Gavai, vice-president and... (Continue reading)

Builders have no right to sell parking space, CDRC

Written on 29 Feb, 2012 at 18:14 in Real Estate News, Society | viewed 4 times | 1 Comment

By Accommodation Times Bureau Mumbai: Recently the State Consumer Disputes Redressal Commission mentioned that stilt parking or open parking both of which are part of common facilities and builders have no rights to sell parking space. According to the Commission only housing society’s... (Continue reading)

Unauthorized structures can be legalized by paying charges

Written on 21 Feb, 2012 at 18:17 in Legal, Real Estate News | viewed 4 times | 0 Comments

By Accommodation Times (www.accommodationtimes.com) The owners of illegal buildings can heave sigh of relief, who have built buildings close to the scheduled roads as well as along with the National Highways, as state government has decided to legalize these buildings by... (Continue reading)

PIL filed against land allocation in Gujarat HC

Written on 21 Feb, 2012 at 18:15 in Legal, Real Estate News | viewed 0 times | 0 Comments
PIL filed against land allocation in Gujarat HC

By Accommodation Times (www.accommodationtimes.com) Ahmedabad: Social activist Bhanubhai Odedara has filed a PIL in Gujarat High Court seeking CBI’s sleuth for allotting land to private developer, citing that it has caused a loss of at least Rs 1,100 crore to the public... (Continue reading)

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