India’s biggest property developer DLF, burdened by debt and sluggish demand, is reining in its once-aggressive pan-India plans to focus on the familiar territory of its home market in northern India.
The government has been trying to simplify tax return forms for some time now. However, this year the focus seems to have shifted from simplification to compliance and transparency, which means more details and information will be revealed in the form.
Not yet as common in India as it is in developed countries, online property auctions are picking up here. A few property portals have taken up online auctions of distressed properties under the SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act.
Three juveniles were apprehended for their alleged involvement in burglaries committed in two houses in south Delhi localities, police said on Saturday.
The Punjab government is considering proposals such as imposition of property tax, raising electricity duty and levy on mobile phone towers to raise additional Rs. 2,000 crore with a view to bringing weak fiscal position on the track. "These tax proposals will be discussed by the Punjab cabinet after Dasuya byelection to give a go ahead," official sources said here today.
Building a home sweet home in south Delhi is set to get tougher for Delhiites.
In what may come as a relief for home buyers, prices in the residential segment across India has declined by about 1% between January and March, compared to the previous three months.
An elderly woman was found dead on wednesday as miscreants chopped off her legs and allegedly robbed her heavy silver anklets and gold earrings
The debt-laden municipal corporations of Delhi are planning to increase property tax rates on commercial properties to overcome their looming financial crisis.
Two youth sustained gunshot injuries when an inebriated man allegedly fired two shots during a brawl between two groups in the engagement ceremony of a property dealer's son in northeast Delhi's Harsh Vihar.
Members of the House Tax Assessment Committee of the Municipal Corporation outrightly rejected imposition of the house tax and also decided not to revise the property tax.
The Centre is considering action against 127 IAS officers for failing to submit their Immovable Property Returns (IPRs) of last year to the government.
The Punjab and Haryana high court has directed the Haryana chief secretary to file a detailed reply on the action taken against Jats involved in destruction of property while seeking reservation in the government jobs.
Commercial properties located within a radius of one kilometres from a Metro line may soon see a hike in property tax. Hamari Jamatia reports
To check evasion of stamp duty and income tax worth crores of rupees per year during the sale of immovable properties through power of attorney, the district administration has now made it mandatory to disclose the current status of property’s possession and the financial transactions involved at the time of registration of such instruments.