Latest Realty News

Mere-Title-Transfer-in-Immovable-Property-Exempt-From-Service-Tax
Oct 27, 2015
New Delhi: In cases of sale of flats, transfer of title after the issuance of occupancy certificate will not attract service tax, the Finance Ministry said on Monday.
Realtors-wary-of-service-tax-rate-hike,-say-move-will-make-properties-costlier
May 23, 2015
NEW DELHI: Real estate developers said the increase in service tax rate to 14 per cent from 12.36 per cent being enforced from June 1 does not bode well for the industry
Post-budget,-realty-prices-may-shoot-up
Mar 02, 2015
Mumbai: Home buyers will have to shell out more money as the proposal to increase the service tax in the Union Budget is expected to increase the cost of residential property
No Finding Received on Rs. 30 Crore Service Tax Evasion Charge: DLF
Oct 01, 2014
DLF, India's largest realty firm, said it has not received any findings from authorities on alleged service tax evasion of about Rs. 30 crore
DLF under scanner for alleged service tax evasion of Rs 30 crore
Sep 28, 2014
Real estate major DLF has come under the scanner of central revenue officials for allegedly evading service tax to the tune of about Rs 30 crore
Top 10 expectations from Budget 2014
Jul 09, 2014
DELHI: The real estate sector has been a major driver of India’s economic growth as it contributes 6.3 percent to the nation’s GDP (2012-13) and is a major source of revenue for central, state and local governments.
Budget 2014: 5 changes to improve housing and real estate sector
Jul 07, 2014
DELHI: The real estate sector has been the backbone of the Indian economy and has been a major contributor in the economic growth. The approach followed by real estate players have been instrumental in changing the face of the country, from being under-developed to accelerating its way to a developed country. The sector contributes about 6.3 percent to the nation's GDP (2012-13) is a major source of revenue for Central, state and local governments and provides employment to more than 50 million
Builders under scanner for over Rs 20-crore service tax evasion
Mar 02, 2014
DELHI: Two real estate firms in Noida have come under the scanner of central excise department officials for allegedly evading service tax of over Rs 20 crore.
South Delhi's property prices down by 20-35%, Defence Colony and Vasant Vihar worst hit
Sep 11, 2013
DELHI: Prices of homes in upscale South Delhi have dropped by 20 per cent-35 per cent over the last one year, with developers and cash-strapped investors offering big discounts to dispose off their assets in a slowing economy.
South Delhi's property prices down by 20-35%, Defence Colony and Vasant Vihar worst hit
Sep 10, 2013
DELHI: Prices of homes in upscale South Delhi have dropped by 20 per cent-35 per cent over the last one year, with developers and cash-strapped investors offering big discounts to dispose off their assets in a slowing economy.
Major schemes for affordable housing to be modified: Girija Vyas
Jul 23, 2013
DELHI: Major schemes meant for providing affordable housing to urban poor will soon be modified to make them more people-friendly, the government said today and invited the private sector to contribute more actively in this area.
Budget 2013: No proposal to benefit real estate significantly.
Mar 01, 2013
For the real estate sector this budget didn't provide any proposals which could benefit the sector significantly. Additional interest deduction of Rs 1 lakh for low cost housing (where loan taken is less than Rs 25 lakh) in addition to the current deduction of Rs 1.5 lakh should be welcomed by the sector.
Budget 2013: Luxury homes for the rich to become more expensive
Feb 28, 2013
MUMBAI/BANGALORE: Luxury homes for the rich would become more expensive after the finance minister today reduced the abatement on service tax availed by real estate developers for homes and flats above 2,000 sq ft or costing Rs 1 crore and above to 70% from 75% earlier.

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