CCI Gives Clean Chit to Indiabulls Housing Finance
The Competition Commission of India (CCI) has dismissed allegations of misleading advertisements and abuse of dominance levelled against Indiabulls Housing Finance and 19 of its executives, including the MD and Chairman. A complaint had been filed alleging that the housing finance company had misused its market position to offer property
Yeida Takes a Leap Towards New Agra
The Yamuna Expressway Industrial Development Authority (YEIDA) has taken a significant step towards realizing its vision of a new urban center in Agra. The authority has appointed a consultant to craft a comprehensive master plan for the proposed city, which will be spread across a vast 10,500 hectares along the
Government Aligns Tax Rules for REITs and InvITs, Boosting Investor Appeal
The Indian government has taken a significant step towards fostering growth in the real estate and infrastructure sectors by amending tax regulations for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Previously, investors were required to hold REIT and InvIT units for a period of 36 months to
What real estate industry gained from Budget 2024-25
The Union Budget 2024-25 sparked mixed reactions within the real estate industry. Developers of affordable housing projects cheered the significant allocation of ₹10 lakh crore under the Pradhan Mantri Awas Yojana (PMAY). This substantial investment is expected to create ample opportunities for builders focusing on low and mid-income segments. Additionally,
Gurugram: DTCP issues show-cause notices to 100 homes over illegal construction
Gurgaon’s real estate scene is facing a stricter regulatory grip from the Department of Town and Country Planning (DTCP). In a recent move, the DTCP issued show-cause notices to 100 homeowners in the city for allegedly flouting construction norms and indulging in unauthorized commercial activities within their residential plots. These
Budget 2024: Focus on digitisation of land records, Urban development gets a leg up
The recently unveiled Union Budget for 2024 prioritizes two key areas set to significantly impact the Indian real estate landscape: land record digitization and urban development. Digitizing for Transparency: A major focus lies on digitizing land records across the country. This initiative will extend to urban areas, where a Geographic
Budget 2024 plugs rental income loophole, property owners cannot declare house rental income as business income
Budget 2024 aims to plug a gap in tax regulations concerning rental income from residential properties. The government has amended the Income Tax Act to curb tax avoidance strategies. Previously, some property owners were able to potentially reduce their tax burden by declaring rental income under the “profits and gains
Budget 2024: Focus on digitisation of land records, Urban development gets a leg up
The 2024-25 Union Budget has brought happiness to the real estate sector. Finance Minister Nirmala Sitharaman has allocated a budget of INR 2.2 crore for urban housing, which is expected to accelerate development. Additionally, the opening of rental housing options under the PPP (Public-Private Partnership) mode will not only provide
Mr Pankaj Kumar Jain Director KW Group and VP CREDAI Ghaziabad
Mr Pankaj Kumar Jain Director KW Group and VP CREDAI Ghaziabad “ The finance minister has announced key plans such as 1 cr houses to be made with an investment of 10 lakh crores and 14 cities with more than over 30 lakh population to be further developed. This will
Vegas Mall Hosts Exciting Chess Tournament Showcasing Brilliance and Competitive Spirit
Vegas Mall hosted an exhilarating chess tournament in collaboration with Bal Bhavan International School on July 19th. This event showcased brilliance and competitive spirit among participants of all ages. The tournament attracted a diverse range of contestants, with more than 65 players engaging in intense matches throughout the day. The
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