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Monthly Archives: May 2019

Maharashtra likely to pass land title bill in June ass...

The state government is set to clear a slew of projects ahead of the assembly elections, which are likely to be scheduled in October. PUNE: The state government is likely to clear the land title bill by mid-June to ensure greater transparency in all land transactions. The state government is set to clear a slew of projects ahead of the assembly elections, which are …

Greater Noida: 180 villages likely to be developed in ...

Greater Noida plans to float development in these villages, which will be acquired under land pool policy. Currently, the Greater Noida authority has 124 villages that are notified under MP 2021. GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) is set to prepare Master Plan 2041 in which 180 notified villages, including a few from Dadri, will be placed before the NCR board and …

Top-level appointments to national housing bank expect...

A government-appointed panel had conducted interviews to fill top positions at National Housing Bank (NHB) and India Infrastructure Finance Company (IIFCL). NEW DELHI: With the new government taking charge this week, top-level and senior appointments to financial institutions that are pending for months are expected to be cleared soon, sources said. A government-appointed panel had conducted interviews to fill top positions at National Housing Bank(NHB) …

Jewar airport plan likely to get government nod next m...

The bid document received the final approval from the Union ministry of civil aviation in February this year. GREATER NOIDA: With the Lok Sabha elections over, the nod from the state government on the Jewar concessionaire bid document is likely to come by next month. Yamuna Expressway Industrial Development Authority (YEIDA) sources said the government is likely to give its approval following a recommendation from the …

Realty check: Property buyers return home

Inventory of unsold residential apartments drops thanks to steady prices, cuts in GST. MUMBAI | BENGALURU: Indian homebuyers are gradually returning to the real estate market thanks to favourable property prices, cuts in the goods and services tax (GST) and an expectation of lower interest rates. Apart from a steady improvement in sales momentum, the relatively lower number of launches is also helping the market limp back to …

Realtors may get GST relief on development rights

For those post April 1, promoter is liable to pay GST (on reverse charge basis) on units sold after project completion in case of residential projects. All commercial TDRs attract GST. CHENNAI: A new service tax ruling may offer real estate developers relief on the Goods & Services Tax (GST) liability on transfer of rights in a property for development purposes (TDR). Ruling in …

Maharashtra offers Rs 1,000 crore construction rights ...

The government allows 0.35 fungible FSI free of cost for the rehabilitation component of all redevelopment projects.TNN  |  May 29, 2019, 08:42 IST MUMBAI: Offering a major sop to the developer of the Dharavi Redevelopment project, the state government will grant additional construction rights (known as fungible FSI) free of cost. The decision could cost the government over Rs 1,000 crore in revenue. The government allows 0.35 …

Commercial land prices in Hyderabad see 20-30% jump

Hyderabad is expected to witness healthy demand from both technology & flexible workspace operators over the coming years. Commercial land prices in Hyderabad have gone up by at least 20-30% in the last one year as builders and institutional investors are making a beeline to invest in office space in the city. Some of the large funds and builders that have invested in Hyderabad include RMZ, Salarpuria-Blackstone, XANDER and Ascendas. As …

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