To Achieve “Housing For All by 2022” industry requires Tax Holidays

Accommodation Times News Services By Dr Sanjay Chaturvedi, LLB (Gen), PhD. Real Estate transactions are heavily taxed. We know that builder pass on VAT on customers. Service Tax, as applicable, has to be paid by the customers. Development Cess / Tax, Capital Gain Tax, Property Tax, Stamp Duty, Registration charges, Transfer fees if applicable. Besides

New property tax system based on capital value ( PUBLIC INTEREST LITIGATION RULES, 2010.]

          By Accommodation Times News Service IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION Rule 4(c) OF THE BOMBAY HIGH COURT PUBLIC INTEREST LITIGATION RULES, 2010.] PIL Petition No.  / 2013 IN THE MATTER OF:  Articles 226 and 14 of the Constitution of India AND In the matter of Rules for fixing capital value of

CREDAI looking for tax Incentives in Housing Policy

By Accommodation Times News Service The apex body if developers CREDAI has appealed to the Finance Ministry to initiate widespread tax incentive inclusive housing policy and boost housing zone of affordability. The National President of CREDAI suggested to the ministry to allow tax exemption for small houses of under-60 sq m

Property tax rates in Delhi to rise from April 2010

Property tax rates in the capital are all set to rise from April 2010. After rejecting the proposal for troducing professional tax, Municipal Corporation of Delhi’s (MCD) standing committee on Monday cleared the proposal to hike property tax. However, for residential properties, rather than the 5% increase for categories A

Development of SEZs in India: Some Issues

Accommodation Times Research By L. Lakshmanan* Abstract of Report : Evolution of Special Economic Zones and some Issues: The Indian Experience submitted to RBI In India, the SEZs have been introduced as a growth driver through increase in export potential of the country, development of infrastructure facilities and generation of employment opportunities. The infrastructure development

Mix reaction of Real Estate Industry after Currency Withdrawal

By Accommodation Times News Services “Demolition of the currency notes of Rs 500 & 1000 is a major decision and will bring about a huge impact on the construction industry as well. The realty prices will witness a significant drop. This initiative by the Modi Government will aid in bringing a

REITs- a trusted step to improve Realty Investment

            By Accommodation Times News Service By Nimisha Gupta, Sub-Editor, Accommodation Times Real Estate Investment Trust (REITs) is a security stock which is invested and exchanged in real estate directly either through property, mortgage, apartments, shopping centre, offices, hotels and warehouses. It is an asset class that is capital intensive investment. The origin

M.Venkaiah Naidu suggests 25-point charter for urban planning and management

By Accommodation Times News Services Union Urban Development, Housing & Urban Poverty Alleviation and Parliamentary Affairs Minister Shri M. Venkaiah Naidu today suggested a 25-point charter for urban planning and management to ensure planned urbanisation, assured amenities and decent urban life. Addressing the Conclave of Ministers of Housing and Urban Development