By Accommodation Times Bureau NEW DELHI The Minister of State for Home Affairs, Hansraj Gangaram Ahir informed the Parliament today that, the commercial tower of the Hotel Le Meridien is illegally occupied by at least 98 individuals or companies. The New Delhi Municipal Corporation (NDMC) had cancelled the lease in last year. Ahir
By Accommodation Times Bureau PUNE The Civic body of Pune has directed the owners of commercial establishments having property tax dues to pay the arrears at the earliest, or else it would be sealed. In the past two weeks, the property tax department has sealed properties and collected Rs4.5 crore tax dues from establishments.
By Accommodation Times Bureau Tata AIA life a private life insurance company is seeking to enter into real estate investment as a category. The insurance company which was absent in realty market may enter this segment soon. The Harshad Patil, Chief Investment Officer, Tata AIA Life Insurance said, “In terms of the
By Accommodation Times Bureau CHENNAI To aid the completion of Marina Mall in Chennai, Kotak India Real Estate Fund has invested Rs 244 crore in OMR Mall Developers Pvt. Ltd. (OMRD), said a top executive of developer Allied Housing. “We have raised Rs 244 crore from Kotak India Real Estate Fund through the
ULHASNAGAR On Saturday five developers along with two others were booked in Ulhasnagar for allegedly stealing 15,000 sq ft plot owned by the Maharashtra government by forging with a fake contract. Moti Duseja the special development officer (SDO) registered the case and highlighted these irregularities. Although, the builders have contradicted the allegations. Ghanshyamdas
By Accommodation Times Bureau. According to the recent Parliamentary General- Budget for the year 2017-2018, held on February 1st, 2017. The Union Minister of Finance and Corporate Affairs Shri Arun Jeitley presented various growth empowerment topics, one of the main aspects focusing on the affordable housing. Shri Arun Jeitley said how
By CA Pathik Shah Accommodation Times News Services Indian government is committed to implement Goods and Service Tax (GST) from April, 2017. However, dead line seems to be difficult to achieve. The real estate industry contributes about 7.8% to India’s GDP and is the second-largest employment generator industry. GST, as the biggest tax reform
By Accommodation Times News Services Odisha is short of 4,10,000 housing units, reports Tachnical Group which did a survey for Housing policy in the state. The compehensive housing policy was gazetted by the state on 14th Aug 2015. The policy in its introduction reveals that in 2007, a housing shortfall of
By Accommodation Times News Service By CA Vimal Punmiya Latest Reforms to Simplify Income Tax Laws and Procedures for Filing of Returns and Other Developments Related To Housing Industry High Level Committee to be formed & to be chaired by the Revenue Secretary and consist of Chairman, CBDT and an expert from outside.
By Accommodation Times News Services EXECUTIVE SUMMARY A convergence of four key growth drivers — a flourishing middle-class, swelling consumer demand, rapid urbanization and strengthening domestic business growth — has transformed the private real estate landscape in the Asia-Pacific region. Its rapidly developing cities are still experiencing growing demand for high quality