NEWS FEED


Building collapses claimed nearly 900 lives in the last four decades in Mumbai

According to the information obtained from Mhada's Repair and Reconstruction Board (R&R Board), between 1971 to 2018, nearly 3,528 building accidents were reported in which 894 people lost their lives.

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Are realtors evading GST with fake invoices?

Whatever be the reason, a study of top 88 builders has shown that their GST payment is as low as 0.4% in Noida to 4.8% in Chennai, with the average payment estimated at 1.7%.

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Adarsh developers offers partial exit to JM Financial for Rs 300 crore

JM Financial had invested in Adarsh Palm Retreat and in another residential project in Bellandur, Bengaluru, in 2017.

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Strapped promoters in talks to cash out of DHFL

Holding company Wadhawan Global Capital has initiated talks with more than a dozen financial and strategic investors in India and abroad to sell a controlling stake.

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GST Council defers decision on tax on real estate

The 33rd meeting of the Council, held through video conferencing, also decided to extend the deadline for filing summary sales return - GSTR-3B - for January by two days till February 22.

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Kolhapur police file chargesheet in DSK Group’s case

Kulkarni, Hemanti and Shirish, along with five other accused, are in judicial custody in the Yerawada jail in Pune in an alleged Rs 2,091.11 crore economic fraud being probed by Pune police's EOW.

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Saudi Arabia asks India to allow foreign ownership in real estate

Al-Munajjed said numerous Indian entrepreneurs were active in his country, though the official number was small.

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Jaypee Infra promoter Jaiprakash Associates makes second attempt to settle lenders’ dues

In May, the promoters had made a similar Rs 10,000 offer for debt repayment and completion of unfinished housing projects.

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GoM on GST on housing submits recommendations to council

The Council might also consider reducing tax on cement from 28 per cent to 18 per cent to boost the realty sector.

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Ireo, Supertech, Parsvnath, Ansal, two others challenge insolvency law in SC

In the last one week, Supertech, TDI Infrastructure, Ansal Properties, have filed a plea in the apex court regarding the insolvency cases going on against them.

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Samsung R&D institute picks up 4 lakh sq ft office space in Bengaluru

The company has picked up space in Bagmane Goldstone, part of Bagmane WTC

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Navi Mumbai: Buyers seek participation in Monarch Developers' bankruptcy

As many as 1,500 under-construction flats have been sold by the developers spread across Navi Mumbai.

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CoC may hold more meets with two Jaypee Infratech bidders

In a meeting on Monday, the lenders discussed the bids received from state-run construction company NBCC and Suraksha Asset Reconstruction Company. Both bidders made separate presentations to the CoC.

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