PROPGUIDE − A Complete Property Guide
#happyhome

Weekly #RealtyNewsRoundUp: Kolkata Home Buyers To Calculate Property Tax Amount On Their Own

Loading video...

Description

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

A Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that illegally encroached property by an assessee will not be considered ‘capital asset’ under Section 2 (14) of the Income Tax Act. However, gains arising from transfer of such property will be considered income from other sources. Read more

The Kolkata Municipal Corporation will allow residents to calculate their property tax according to the Unit Area Assessment System (UAA).  According to the UAA system, the highest tax slab is capped at 20 per cent. The Kolkata Municipal Corporation intends to raise property tax revenues, and adhering to the UAA system is part of the process. Read more

The Bombay High Court has asked the Maharashtra Housing and Area Development Authority (MHADA) to provide the details of the plan to rehabilitate mill workers of the state. The court also sought to know how many plots were set aside to rehabilitate mill workers and build affordable houses. Read more.

According to a draft definition released by the Ministry of Environment and Forests, large tracts of Aravalis may not be classified as forests. The classification of forests will leave out scrub forests that have less than 10 per cent crown cover.  According to the draft notification, only dense forests with a crown cover greater than 10 per cent will be classified as forests. Read more.

In a relief to all those whose properties were damaged during Jat quota stir in February this year, the Haryana government has decided to provide 100 per cent rebate in property tax for residential, commercial, institutional and other properties in the state. The rebate, which would be given for a year, starts from April 2016. Read more

Tags: Realty news, Realty News Roundup, Video, Kolkata Municipal Corporation, Bombay High Court


#WeeklyRealtyNewsRoundup: DMRC To Sell Apartments In Delhi

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

July 23 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Haryana Drafts New Land Pooling Policy

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

July 03 2017

+ Click Here To Read This Article

#WeeklyNewsRoundup: Govt Slashes GST Rates On 66 Goods And Services

Here are the week’s top stories from the real estate sector.

June 17 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Govt Frames Model PPP Policy To Push Affordable Housing

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

June 15 2017

+ Click Here To Read This Article

#WeeklyNewsRoundup: Centre Approves Subsidy Of 3% On Home Loans In Rural Areas [Video]

Here are the week’s top news stories from the real estate sector.

January 28 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Haryana Govt De-Notifies 85-Acre Aravalis Forest Land [Video]

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

December 14 2016

+ Click Here To Read This Article

Buying Property? Best Websites To Know The Process In Top Indian Cities

PropGuide takes a look at a couple of government websites that will help you proceed with your home purchase in a planned way.

August 23 2016

+ Click Here To Read This Article

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

PropGuide speaks to Shubika Bilkha, business head, The Real Estate Management Institute- REMI, to...

When we speak of affordable homes in the national capital region the first name that pops in our...

Being an industrial city, Vadodara has a great job concentration. With newer developments, the...

Service tax is payable only on property purchase directly from developers and is not required in...

The Goods And Services Taxes has clearned a proposal to charge a cess of 15 per cent on luxury cars...

A look at five premium localities in India’s information technology capital, Bengaluru.

Noida offers a perfect blend of residential apartment societies, luxury villas and commercial...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

PropGuide simplifies complex real estate jargons for you.

Prime lending rate is the interest rate at which banks lend to its most credit worthy...

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query Here


Top