#RealtyNewsRoundup: Supertech Gets H-RERA Notice Over Selling Units Without Due Approvals
The Haryana Real Estate Regulatory Authority (H-RERA) has issued a notice to real estate major Supertech for selling in four registered projects without having due approvals in place. The embattled relator has a week’s time to respond to the notice.
State-owned Corporation Bank on March 14 announced a cut in its benchmark lending rate by five basis points, a move that would make home loans cheaper. The bank has reduced the lending rate by five basis points across all tenors up-to one year.
Six persons were killed and 31 injured after section of a foot over-bridge near a busy train station in south Mumbai collapsed during the evening rush on March. The bridge connects the area near the Times of India building with the iconic Chhatrapati Shivaji Maharaj Terminus railway station.
The Mumbai bench of the Income-Tax Appellate Tribunal has ruled that the investment-linked capital gains tax exemption, available on purchase of a new house, cannot be denied to a taxpayer because they did not use funds from their own account. Officials had denied the benefit to a taxpayer because the investment made towards purchase of the new house “was not out of the taxpayer’s own funds”.
Source: Media reports