By Accommodation Times Bureau MUMBAI The Maharashtra state cabinet on October 16 approved a special purpose company ( SPV) model to give special project status to the Dharavi redevelopment project. In this model, along with 80 % of the main partner's share, the government will have active participation in the 20 %
By Accommodation Times Bureau CHANDIGARH Stamp duty exemption on transfer of property among blood relations has come as a boon with the residents saving almost Rs 5,000 crore on 1.5 lakh property transfer cases during the 2017-18 financial year. The Revenue Minister Sukhbinder Singh Sarkaria on Tuesday said that transfer of property in
By Manoj Asrani, First Executive and Founder, BrickAsset Pvt Ltd (Guest Article) The Indian Real Estate sector has become one of the fastest growing markets in the world. However, the sector is battling some extreme challenges that act as roadblocks and restrict the sector from yielding full benefits of the potential growth.
By Rohit Sharma MUMBAI The Maharashtra government introduced Mumbai Municipal Corporation (Second Amendment) Bill, 2018 in the Maharashtra Legislative Assembly on July 19 under the authority of the Governor, the bill which seeks to increase Stamp Duty by one per cent. The bill is expected to be tabled during the winter session of
By Accommodation Times Bureau In India, the secondary real estate purchase is preferred over purchase from the primary market because it is cost and time effective and, most importantly, there are no delays in Possession, reports said. According to FICCI-Grant Thornton-Escrowffrr Knowledge Report, “In 2018, it has started showing signs of recovery
By Accommodation Times Bureau CHANDIGARH The Revenue Department of Punjab has amended a rule to curb the misuse of stamp duty rebate extended to women on property registration. As per the amended rule, now if the property acquired by a woman is transferred in the name of a male relative within a year,
By Accommodation Times Bureau NEW DELHI Giving a major respite to property buyers from the weaker section, the state government has reduced the stamp duty rates to Rs 1000 for beneficiaries of Pradhan Mantri Awas Yojana (PMAY). While the real estate market is still recovering from the hit, potential buyers have now
By Accommodation Times Bureau CHANDIGARH Haryana Government has collected revenue of over Rs 4265.18 crore as stamp duty and registration fee during the period from April 1, 2017, to March 31, 2018, as against the collection of Rs 3260 crore in 2016-17, thus registering an increase of over Rs 1005 crore. While giving this information