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#RealtyNewsRoundup: Buyers Of Under-Construction Flats May Get Tax Relief

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Realty News Roundup is PropGuide’s selection of top stories from the real estate sector.

The Delhi High Court has ruled that home buyers cannot be charged service tax on payments made towards the purchase of under-construction apartments from developers, if the total value of an apartment includes the land value. However, service tax can still be levied on preferential location charges (PLC) that developers take from buyers. The court also said that if the developer had already collected service tax, buyers would be refunded the amount with a six per cent rate of interest by the revenue department. Read more

A construction company in Thiruvanthapuram has filed an FIR against Congress president Sonia Gandhi alleging that her party has not cleared its payment for constructing the Rajiv Gandhi Institute for Development Studies. The FIR also names former Kerala chief minister Oommen Chandy and former state home minister Ramesh Chennithala as accused. Read more

The construction of 288 houses under the Rajiv Awas Yojana (RAY) has started at Dhobabandh in south Odisha. Berhampur MLA R C Chyaupatnaik said the scheme aimed to develop a slum-free India, where every citizen had access to basic civic infrastructure, social amenities and shelter. Those who lost their houses in the 2013 cyclone would be covered under the scheme. Read more

A Dutch architect recently unveiled a unique 3D printer with which he aims to construct a large building "without beginning or end". Architect Janjaap Ruijssenaars said he wanted to build a "landscaped house" using the machine that is shaped like an infinite loop. The two-metre-long machine has been set up in a warehouse in Amsterdam, where the final tests are being carried out. Read more

Tags: Delhi High Court, Video, propguide, slum, Congress, 3D Printer, Rajiv Awas Yojna, Odhisha, Sonia Gandhi

Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

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5 Creative Eco Resorts Around The World

If luxury housing are eco-friendly then what else could you want? It's like having your cake and eating it too!

May 04 2015

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#RealtyNewsRoundup: Karnataka To Set Up 2 Special Courts To Handle Land Grab Cases

Here are today's top news stories from the real estate sector.

August 31 2016

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10 Skywalks In the World That Allow A Stroll In The Clouds

Some wonders are natural. There are however many wonders that are man-made. The best of them are skywalks that give you thrill of danger without having to face it.

June 09 2015

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Proposed Dwarka-Manesar E-Way To Bring Realty Boom In NCR

In the hope of discovering a new and possibly the last of such realty hubs in the National Capital Region, many expats and other investors have rushed in to put in their money.

June 05 2015

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Why Real Estate Is So Expensive In Mumbai

In India’s most prosperous city, half the population live in slums. In Savills' top 12 most expensive cities in the world, Mumbai was the cheapest city to live in. Yet, why is real estate in Mumbai the most expensive real estate is the world?

May 18 2015

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Earth Matters: Sustainable Living Begins At Home With These Steps

Environmentally conscious people would want to live as comfortably as possible without compromising the ecological balance of the planet. But, how should we strike the right balance?

May 12 2015

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Buying a Home? 5 Things That Make Your New Apartment Livable

Each person might have his or her own definition of what makes a place livable. Here are a few things to find out if all your needs are fulfilled and if the new place is safe.

May 11 2015

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